Better Banks
BankRegReports is independent of Better Banks and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Better Banks is an FDIC-insured commercial bank headquartered in Peoria, IL, established in 1898 (FDIC certificate 1808), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $445.8M, up 4.3% from Q2 2025, the 109th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 13.36% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1808
- Headquarters
- Peoria, IL
- Established
- 1898
- Total assets, Q2 2026
- $445.8M
- Assets vs Q2 2025
- +4.3%
- CET1 ratio, Q2 2026
- 13.36%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 071120207
- Latest call report
- Q2 2026, FFIEC 051 · Better Banks call report
- Holding company
- BACKLUND INVESTMENT CO.
- Asset rank in state
- 109th of 319 in Illinois
Better Banks, based in Peoria, Illinois, reported $446 million in assets at June 30, 2026, up 4.3% from a year earlier. It carries problem assets equal to 13.5% of the capital and reserves that would absorb them, 5.1 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it pays an average of 1.12% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Net income for the quarter rose 16% from a year earlier, to $1.2 million. Paper losses on its bond portfolio are shrinking: unrealized losses of $5.3 million equal 13% of Tier 1 capital, down from 18% a year earlier. Where it has less room is capital: it funds 9.43% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Better Banks reported a CET1 capital ratio of 13.36%, a return on assets of 1.05%, a nonperforming-loan ratio of 1.55% and a Texas ratio of 13.49%. The figures come from its call report filed with the FFIEC.
Better Banks ranks as the 109th largest of the 319 banks based in Illinois, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 4.7% to $445.8M, loans rose 2.9% and deposits rose 4.8%. Its loan book on June 30, 2026 was led by auto loans, at 37.6% of total loans, followed by 1-4 family residential loans at 32.0%. The FDIC Summary of Deposits lists 9 offices for it, in 8 cities in IL; its Bartonville 2 offices book 43% of its branch deposits. By the capital ratios in its Q2 2026 call report, Better Banks meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 10225 N Knoxville Ave, Peoria, IL 61615
- County
- Peoria
- Metro Area
- Peoria, IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1898
- Former names
- Dunlap Bank (2000-2004)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 82
- Domestic deposits
- $407.0M
- Allowance for credit losses
- $4.0M
- Net charge-offs (YTD)
- $195K
- Average total assets
- $438.8M
- Average total loans
- $296.9M
- Average interest-bearing deposits
- $324.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1808
- Fed RSSD
- 851631
- Website
- http://www.betterbanks.com →
- Parent Holding Company
- BACKLUND INVESTMENT CO. (RSSD 1095058)
- Ultimate Parent
- RSSD 5986136
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Better Banks's total assets moved between a low of $425.9M (Q1 2026) and a high of $465.4M (Q4 2023) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$445.8M total assets against $427.4M; $410.3M total liabilities against $395.9M.
$296.5M net loans and leases against $286.8M; $407.0M total deposits against $392.7M.
$112.3M securities against $117.5M; $24.1M cash and balances due against $9.4M.
$5.2M total interest income against $4.9M; $1.1M total interest expense against $1.3M.
$4.1M net interest income against $3.5M.
$1.5M total noninterest income against $1.4M; $4.2M total noninterest expense against $3.6M.
$195K provision for credit losses against $165K.
$1.2M net income against $996K.
1.05% return on assets against 0.91%; 3.93% net interest margin against 3.39%.
13.36% CET1 capital ratio against 13.13%; 9.43% tier 1 leverage ratio against 9.13%.
Inside the full Better Banks terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBetter Banks rankings
Its closest position to the top of a national ranking is 384 of 3,640, for Texas Ratio; its furthest is 2,924 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.79% (Q3 2024) to 1.21% (Q1 2026) and its net interest margin ran from 3.04% (Q3 2024) to 3.93% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.36% | 1.05% | 1.55% | 13.49% | 3.93% |
| Q1 2026 | 13.37% | 1.21% | 1.40% | 11.20% | 3.88% |
| Q4 2025 | 13.35% | 1.02% | 1.19% | 12.11% | 3.75% |
| Q3 2025 | 13.16% | 0.92% | 1.33% | 13.85% | 3.61% |
| Q2 2025 | 13.13% | 0.91% | 1.54% | 16.42% | 3.39% |
| Q1 2025 | 13.35% | 0.88% | 1.49% | 16.23% | 3.20% |
| Q4 2024 | 13.34% | 1.13% | 1.48% | 16.62% | 3.17% |
| Q3 2024 | 12.93% | 0.79% | 1.50% | 16.28% | 3.04% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bartonville Bank Branch | Bartonville , IL | 61607 | $141.7M |
| Better Banks (main office) | Peoria , IL | 61615 | $64.7M |
| 900 North 4th Street Branch | Chillicothe , IL | 61523 | $40.9M |
| Glasford Main Branch | Glasford , IL | 61533 | $38.9M |
| Dunlap Branch | Dunlap , IL | 61525 | $35.7M |
| Bartonville Facility | Bartonville , IL | 61607 | $33.9M |
| Wyoming Bank & Trust Company - Branch | Wyoming , IL | 61491 | $25.5M |
| Morton Branch | Morton , IL | 61550 | $13.6M |
| Farmers State Bank Branch | Astoria , IL | 61501 | $12.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 18, 2022 | Structure Change | Acquired Glasford State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 17, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 16, 2014 | Structure Change | Acquired First National Bank of Chillicothe Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 15, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 18, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 18, 2011 | Structure Change | Acquired Farmers State Bank, Astoria Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 14, 2006 | Structure Change | Acquired Wyoming Bank & Trust Co. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 13, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 17, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 17, 2004 | Structure Change | Acquired Bartonville Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 128 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 173 applications, 146 loans originated, $26.0M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $240K approved, $240K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Better Banks’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Better Banks
What are Better Banks's total assets?
As of the Q2 2026 filing, Better Banks reported total assets of $445.8 million in its FFIEC call report.
Where is Better Banks headquartered?
It is headquartered in Peoria, IL, United States.
When was Better Banks founded?
It was established in 1898, per the FDIC institution directory.
Is Better Banks FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1808). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Better Banks?
Better Banks's primary federal regulator is the FDIC.
What is Better Banks's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.36% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Better Banks operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Better Banks's Texas Ratio?
Its Texas Ratio is 13.49% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Better Banks previously called?
The charter now named Better Banks has also operated as Dunlap Bank (2000-2004), per FDIC structure-change records.
Go deeper on Better Banks.
Get an email when Better Banks files its next call report, and benchmark it against any peer you choose.
Unlock Better Banks, freeFree account