Midamerica National Bank
Canton, Illinois · FDIC Cert #3612
This is the FDIC profile for Midamerica National Bank, an FDIC-insured bank (Certificate #3612) with $644M in total assets and $576M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Canton, Illinois, the bank maintains a Tier 1 capital ratio of 9.58% (Well-Capitalized) and a nonperforming loan ratio of 0.69%. BankHealthData assigns a composite Health Grade of B (75/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Midamerica National Bank (FDIC cert 3612) is a community bank — $644M in total assets, $576M in deposits, serving the Canton, Illinois area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 9.58% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.69% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 26.8% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is solid: ROA of 1.29% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Midamerica National Bank carries a composite BankHealth grade of B (75/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Midamerica National Bank
- Total Assets
- $644M
- Total Deposits
- $576M
- Tier 1 Capital Ratio
- 9.58%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.69%
- Liquidity Ratio
- 26.82%
- Return on Assets
- 1.29%
- Headquarters
- Canton, Illinois
- FDIC Certificate
- #3612
- Health Grade
- B (75/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Midamerica National Bank files quarterly Call Reports with the FDIC under Certificate #3612. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
Track Midamerica National Bank
Subscribe for BankHealthData updates by email. No spam, unsubscribe anytime.
Capital & Safety Analysis
According to FDIC financial data, Midamerica National Bank holds a Tier 1 capital ratio of 9.58%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Midamerica National Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Midamerica National Bank shows strong financial health indicators. With $644M in assets and a Health Score of 75/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Midamerica National Bank Compares
Midamerica National Bank’s Health Score of 75 is 6 points below the Illinois state average of 81 across 333 FDIC-insured banks. Its 9.58% Tier 1 capital ratio is 4.4 points below the US banking industry average near 14%. The 0.69% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.29% is in line with or above the national ROA benchmark of ~1.1%. Among 1307 similarly-sized banks, the average Health Score is 79, meaning this bank ranks below its size cohort. Site-wide, Midamerica National Bank is 5 points below the portfolio average of 80.
Frequently Asked Questions
Midamerica National Bank has a Bank Health Score of B (75/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 9.58%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Midamerica National Bank's Tier 1 capital ratio of 9.58% and nonperforming loan ratio of 0.69% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Midamerica National Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #3612). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Midamerica National Bank holds $644M in total assets and $576M in total deposits. It is headquartered in Canton, Illinois (FDIC Certificate #3612).
Midamerica National Bank's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #3612 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Midamerica National Bank has a Tier 1 capital ratio of 9.58%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.69%, and the return on assets is 1.29%.
Yes. Midamerica National Bank is FDIC-insured (Certificate #3612). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Midamerica National Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.