Midland States Bank
Effingham, Illinois · FDIC Cert #1040
Midland States Bank is an FDIC-insured bank (Certificate #1040) with $7.7B in total assets and $6.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Effingham, Illinois, the bank maintains a Tier 1 capital ratio of 11.06% (Well-Capitalized) and a nonperforming loan ratio of 1.92%. BankHealthData assigns a composite Health Grade of C (63/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Midland States Bank (FDIC cert 1040) is a mid-sized bank with $7.7B in total assets and $6.1B in deposits, based in Effingham, Illinois. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 11.06% 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 1.92% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 15.9% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 1.71% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Midland States Bank carries a composite BankHealth grade of C (63/100) 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: Midland States Bank
- Total Assets
- $7.7B
- Total Deposits
- $6.1B
- Tier 1 Capital Ratio
- 11.06%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.92%
- Liquidity Ratio
- 15.89%
- Return on Assets
- 1.71%
- Headquarters
- Effingham, Illinois
- FDIC Certificate
- #1040
- Health Grade
- C (63/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Midland States Bank holds a Tier 1 capital ratio of 11.06%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Midland States Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Midland States Bank shows average financial health. While not alarming, its Health Score of 63/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
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 Midland States Bank Compares
Midland States Bank’s Health Score of 63 is 9 points below the Illinois state average of 72 across 333 FDIC-insured banks. Its 11.06% Tier 1 capital ratio is 2.9 points below the US banking industry average near 14%. The 1.92% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.71% is in line with or above the national ROA benchmark of ~1.1%. Among 207 similarly-sized banks, the average Health Score is 75, meaning this bank ranks below its size cohort. Site-wide, Midland States Bank is 7 points below the portfolio average of 70.
Frequently Asked Questions
Midland States Bank has a Bank Health Score of C (63/100), placing it in average financial health. It holds a Tier 1 capital ratio of 11.06%, 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. Midland States Bank's Tier 1 capital ratio of 11.06% and nonperforming loan ratio of 1.92% indicate an average 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 Midland States Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #1040). 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.
Midland States Bank holds $7.7B in total assets and $6.1B in total deposits. It is headquartered in Effingham, Illinois (FDIC Certificate #1040).
Midland States Bank has a Tier 1 capital ratio of 11.06%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.92%, and the return on assets is 1.71%.
Yes. Midland States Bank is FDIC-insured (Certificate #1040). 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 C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Midland States Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.