Midland States Bank in Effingham, Illinois (IL), MO



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Midland States Bank
GeneralFDIC Certificate #: 1040
Status: Active
Federal Reserve ID: 773247
Bank Holding Company (Regulatory Top Holder): Midland States Bancorp, Inc. (RSSDID: 1491351, Location: Effingham, IL)
Date Established: January 01, 1881
WWW: http://www.midlandstatesbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 32 (Domestic: 32, Interstate: Yes)
OTS Docket #: 15512
FDIC's unique #: 693
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 15, 2010
Last Structure Change Process Date: October 19, 2010
Last Data Update: October 19, 2010
Data Source Date: April 05, 2012
LocationAddress: 133 West Jefferson Street, Effingham, IL 62401
County: Effingham
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Effingham, IL (#20820)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $1,510.0 mil
Equity capital: $145.6 mil
Deposits held in domestic offices: $1,222.1 mil
Return on assets (ROA): 0.94% ($14.2 mil)
Quarterly return on assets: 0.80% ($12.1 mil)
Return on Equity (ROE): 10.52% ($15.4 mil)
Quarterly return on equity: 8.32% ($12.1 mil)
Net income: $14.5 mil
Quarterly Net income: $3.0 mil
Pretax return on assets: 1.34% ($20,234.6 mil)
Quarterly Pretax return on assets: 1.08% ($16,308.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)390
Total assets$1,510,045
Cash and due from depository institutions$79,995
Interest-bearing balances$60,040
Securities$338,771
Federal funds sold & reverse repurchase agreements$19,050
Net loans & leases$934,457
Loan loss allowance $26,831
Trading account assets$0
Bank premises and fixed assets$47,336
Other real estate owned$11,622
Goodwill and other intangibles$19,571
All other assets$59,243
Life insurance assets$1,510,045
Total liabilities and capital$1,364,448
Total liabilities$1,222,109
Total deposits$1,023,376
Interest-bearing deposits$1,222,109
Deposits held in domestic offices$95
% insured (estimated)55410.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$76,038
Other borrowed funds $0
Subordinated debt $10,891
All other liabilities $145,597
Total equity capital$145,597
Total bank equity capital$145,597
Perpetual preferred stock$0
Common stock$400
Surplus$95,837
Undivided profits $49,360
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,401
Income earned, not collected on loans $34,471
Earning assets $0
Long-term assets (5+ years) $8,620
Average Assets, year-to-date $1,352,318
Average Assets, quarterly $348,897
Volatile liabilities $1,552,821
Insider loans $1,503,952
FHLB advances $1,127,071
Loans and leases held for sale $1,479,006
Unused loan commitments $16,171
Tier 1 (core) risk-based capital $16,171
Tier 2 risk-based capital $124,866
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $146,131
Derivatives$11,451
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $81,324
Total interest expense $14,096
Net interest income $67,228
Provision for loan and lease losses $3,854
Total noninterest income $11,573
Fiduciary activities $3,376
Service charges on deposit accounts $3,141
Trading account gains & fees $0
Additional noninterest income $5,056
Total noninterest expense $53,944
Salaries and employee benefits $25,186
Premises and equipment expense $5,400
Additional noninterest expense $23,358
Pre-tax net operating income $21,003
Securities gains (losses) -$253
Applicable income taxes $6,206
Income before extraordinary items $14,544
Extraordinary gains - net $0
Net income attributable to bank $14,544
Net charge-offs $0
Cash dividends $14,544
Sale, conversion, retirement of capital stock, net $5,511
Net operating income $5,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.90%
Cost of funding earning assets 1.02%
Net interest margin 4.88%
Noninterest income to earning assets 0.84%
Noninterest expense to earning assets 3.91%
Net operating income to assets 0.95%
Return on assets (ROA) 0.94%
Pretax return on assets 1.34%
Return on equity (ROE) 10.52%
Retained earnings to average equity (YTD only) 6.54%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 69.93%
Efficiency ratio4.51%
Assets per employee$65,291
Cash dividends to net income (YTD only)3.87%
Condition Ratios (%)
Loss allowance to loans 37.82%
Loss allowance to noncurrent loans 2.79%
Noncurrent assets plus other real estate owned to assets 77.84%
Noncurrent loans to loans 3.05%
Net loans and leases to deposits3.59%
Net loans and leases to core deposits 76.46%
Equity capital to assets 88.02%
Core capital (leverage) ratio 9.64%
Tier 1 risk-based capital ratio 8.44%
Total risk-based capital ratio 11.08%
Memoranda
Average assets$12
Average earning assets$1,552,821
Average equity $138,218
Average loans $1,378,558
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$573,588
Number of Accounts1
Personal trust and agency accounts$323,992
Employee benefit-defined contribution accounts$146,111
Employee benefit-defined benefit accounts$39,093
Other retirement accounts$89
Corporate trust and agency accounts$43,457
Investment management agency accounts$1
Other fiduciary accounts$95,241
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts946
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$249,596
Corporate trust and agency accounts$101,967
Other fiduciary accounts$143,143
Fiduciary accounts held in foreign offices$1,913
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30 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0693Midland States Bank133 West Jefferson Street, Effingham, IL 62401January 01, 1881Full Service Brick and Mortar
1187771Merchant Street Facility101 South Merchant Street, Effingham, IL 62401November 05, 1979Full Service Retail
37225Farina BranchWalnut And Madison Streets, Farina, IL 62838Febuary 01, 1902Full Service Brick and Mortar
443882Centralia Branch200 South Poplar Street, Centralia, IL 62801January 01, 1879Full Service Brick and Mortar
6280879Greenville Branch318 West College, Greenville, IL 62246January 01, 1894Full Service Brick and Mortar
28452619Vandalia Branch1611 Veterans Avenue, Vandalia, IL 62471April 10, 2006Full Service Brick and Mortar
29457898Effingham Branch1302 Thelma Keller Avenue, Effingham, IL 62401October 02, 2006Full Service Brick and Mortar
307880Midland States Bank BranchMain And Mill Streets, Waterloo, IL 62298July 01, 1882Full Service Brick and Mortar
31227040Waterloo BranchMain And Mill Streets, Waterloo, IL 62298June 20, 1988Limited Service Facility
32227041Commercial State Bank812 N Market, Waterloo, IL 62298December 08, 1997Full Service Brick and Mortar
33227042Hecker Branch130 S Main, Hecker, IL 62248November 01, 1998Full Service Brick and Mortar
34360679Smithton Branch514 South Main, Smithton, IL 62285November 15, 2000Full Service Brick and Mortar
35442010Freeburg Branch500 North State St, Freeburg, IL 62243August 02, 2004Full Service Brick and Mortar
36465567Columbia Branch200 Quarry Road, Columbia, IL 62236December 04, 2006Full Service Brick and Mortar
3875648Midland States Bank Branch1608 Broadmoor Drive, Champaign, IL 61821November 01, 1999Full Service Brick and Mortar
395926Dixon Branch101 West First Street, Dixon, IL 61021October 16, 1905Full Service Brick and Mortar
40219794Rock Falls Center Facility941 First Avenue, Rock Falls, IL 61071March 17, 1977Full Service Brick and Mortar
412334Sterling Branch302 First Avenue, Sterling, IL 61081January 01, 1871Full Service Brick and Mortar
42201681North Branch212 North Hennepin, Dixon, IL 61021August 07, 1967Full Service Brick and Mortar
43201682Dixon Galena Branch101 Independence Court, Dixon, IL 61021January 17, 1980Full Service Brick and Mortar
44219795Oregon Branch122 North Fourth Street, Oregon, IL 61061September 15, 1997Full Service Brick and Mortar
452375Mendota Branch801 Washington Street, Mendota, IL 61342April 09, 1932Full Service Brick and Mortar
46201767Data Center Drive-In Facility609 Eighth Avenue, Mendota, IL 61342June 24, 1983Limited Service Facility
47226136Peru Drive-Up Facility2022 Fourth Street, Peru, IL 61354November 17, 1975Limited Service Facility
48226138North Peru Branch2825 Plaza Drive, Peru, IL 61354May 07, 1994Full Service Brick and Mortar
496689Princeton Branch815 South Main Street, Princeton, IL 61356May 01, 1902Full Service Brick and Mortar
50222422Princeton Branch1407 North Main Street, Princeton, IL 61356October 10, 1990Full Service Brick and Mortar
51428699Freeport Branch1753 South West Avenue, Freeport, IL 61032March 29, 2004Full Service Brick and Mortar
52508886Joliet Il Branch1540 Route 59, Joliet, IL 60431May 24, 2010Full Service Brick and Mortar
53510146Midland Financial Strategies Branch6957 Olde Creek Rd, Suite 1400, Rockford, IL 61114June 25, 2010Full Service Brick and Mortar
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2 Missouri Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
26431476Chesterfield Branch17107 Chesterfield Airport Road, Chesterfield, MO 63005December 31, 2003Full Service Brick and Mortar
27468930Chesterfield Mobile Branch17107 Chestfield Airport Road, Suite 160, Chesterfield, MO 63005October 22, 2007Limited Service Mobile
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