Midland States Bank
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Data as of · sourced from FFIEC call reports. How we update
Midland States Bank is an FDIC-insured commercial bank headquartered in Effingham, IL, established in 1881 (FDIC certificate 1040), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $6.69B, down 5.7% from Q2 2025, the 13th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 13.59% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1040
- Headquarters
- Effingham, IL
- Established
- 1881
- Total assets, Q2 2026
- $6.69B
- Assets vs Q2 2025
- -5.7%
- CET1 ratio, Q2 2026
- 13.59%
- Domestic offices
- 60 FDIC institution directory, current count
- Routing number
- 081204540
- Latest call report
- Q2 2026, FFIEC 041 · Midland States Bank call report
- Holding company
- MIDLAND STATES BANCORP, INC.
- Asset rank in state
- 13th of 319 in Illinois
Midland States Bank, based in Effingham, Illinois, reported $6.7 billion in assets at June 30, 2026, down 5.7% from a year earlier. It shrank its loan book 16.2% over the year, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 5.9%). It also carries problem assets equal to 8.9% of the capital and reserves that would absorb them, 2.5 times the median of 3.6% for banks its size.
Earnings jumped: net income for the quarter was $21 million, 49% above the same quarter a year earlier. Over the same year, loans shrank 16.2% and deposits shrank 3.9%.
As of June 30, 2026, Midland States Bank reported a CET1 capital ratio of 13.59%, a return on assets of 1.26%, a nonperforming-loan ratio of 1.43% and a Texas ratio of 8.90%. The figures come from its call report filed with the FFIEC.
Midland States Bank ranks as the 13th largest of the 319 banks based in Illinois, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.3% to $6.69B, loans fell 2.1% and deposits rose 5.0%. Non-owner-occupied commercial real estate loans made up 29.9% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 19.8%. The FDIC Summary of Deposits lists 58 offices for it, in 41 cities across 2 states; its Effingham 3 offices book 14% of its branch deposits. By the capital ratios in its Q2 2026 call report, Midland States Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1201 Network Centre Dr, Effingham, IL 62401
- County
- Effingham
- Metro Area
- Effingham, IL
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1881
- Domestic offices
- 60 FDIC institution directory, current count
- Employees (FTE)
- 782
- Domestic deposits
- $5.72B
- Allowance for credit losses
- $62.5M
- Net charge-offs (YTD)
- $19.2M
- Average total assets
- $6.61B
- Average total loans
- $4.24B
- Average interest-bearing deposits
- $4.51B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1040
- Fed RSSD
- 773247
- SEC CIK
- 1466026 → filed by MIDLAND STATES BANCORP, INC.
- Website
- www.midlandsb.com →
- Parent Holding Company
- MIDLAND STATES BANCORP, INC. (RSSD 1491351) · MSBI
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Jeffrey G. Ludwig | CEO | President & CEO |
| Stack Claire Ann | CFO | EVP - Chief Financial Officer |
| Mooney Kyle Owen | COO | SVP - Chief Operating Officer |
| Jameson Jeremy Andrew | CCO | EVP - Chief Credit Officer |
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
Midland States Bank's total assets moved between a low of $6.50B (Q4 2025) and a high of $7.89B (Q3 2023) from Q3 2023 to Q2 2026, and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$6.69B total assets against $7.10B; $6.08B total liabilities against $6.44B.
$4.19B net loans and leases against $4.98B; $5.72B total deposits against $5.96B.
$1.66B securities against $1.35B; $298.7M cash and balances due against $176.6M.
$88.2M total interest income against $97.9M; $27.2M total interest expense against $36.9M.
$61.0M net interest income against $61.0M.
$23.3M total noninterest income against $23.4M; $50.7M total noninterest expense against $49.5M.
$6.8M provision for credit losses against $17.4M.
$20.9M net income against $14.0M.
1.26% return on assets against 0.78%; 3.99% net interest margin against 3.62%.
13.59% CET1 capital ratio against 12.49%; 10.08% tier 1 leverage ratio against 9.92%.
Inside the full Midland States Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Midland States Bank rankings
Its closest position to the top of a national ranking is 226 of 4,196, for total assets; its furthest is 764 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -7.35% (Q1 2025) to 1.26% (Q2 2026) and its net interest margin ran from 3.43% (Q3 2024) to 3.99% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.59% | 1.26% | 1.43% | 8.90% | 3.99% |
| Q1 2026 | 13.17% | 1.18% | 1.35% | 8.58% | 3.90% |
| Q4 2025 | 13.05% | -0.10% | 1.50% | 9.60% | 3.79% |
| Q3 2025 | 12.08% | 0.71% | 1.41% | 9.53% | 3.90% |
| Q2 2025 | 12.49% | 0.78% | 1.58% | 10.70% | 3.62% |
| Q1 2025 | 11.57% | -7.35% | 2.75% | 19.57% | 3.51% |
| Q4 2024 | 11.18% | -1.48% | 2.74% | 20.57% | 3.44% |
| Q3 2024 | 11.46% | 1.04% | 2.00% | 14.10% | 3.43% |
Swipe the table sideways to see every column.
Branch Network
View all 58 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 |
|---|---|---|---|
| Effingham Main Branch | Effingham , IL | 62401 | $818.0M |
| St. Charles Branch | Saint Charles , MO | 63304 | $534.4M |
| Rockford Facility | Rockford , IL | 61108 | $375.6M |
| Rockford Alpine Branch | Rockford , IL | 61107 | $251.0M |
| Kankakee Branch | Kankakee , IL | 60901 | $249.5M |
| North Branch | Dixon , IL | 61021 | $200.6M |
| New Sterling Branch | Sterling , IL | 61081 | $182.5M |
| Belvidere Office | Belvidere , IL | 61008 | $178.9M |
| 980 North Bradley Boulevard Office Branch | Bradley , IL | 60915 | $159.7M |
| Streator Main Branch | Streator , IL | 61364 | $157.4M |
| Manteno Branch | Manteno , IL | 60950 | $153.2M |
| Princeton Branch | Princeton , IL | 61356 | $152.9M |
| Joliet Il Branch | Joliet , IL | 60431 | $138.4M |
| Bourbonnais Branch | Bourbonnais , IL | 60914 | $117.2M |
| Machesney Facility | Machesney Park , IL | 61115 | $108.8M |
| Diamond Connection Facility | Diamond , IL | 60416 | $104.5M |
| Clayton Branch | Saint Louis , MO | 63105 | $103.6M |
| Cherry Valley Branch | Rockford , IL | 61112 | $90.1M |
| Grant Park Branch | Grant Park , IL | 60940 | $90.0M |
| Beecher Banking Center Branch | Beecher , IL | 60401 | $89.6M |
| East Veterans Parkway Branch | Yorkville , IL | 60560 | $82.3M |
| Centralia Branch | Centralia , IL | 62801 | $79.0M |
| Champaign Branch | Champaign , IL | 61821 | $75.3M |
| North Peru Branch | Peru , IL | 61354 | $70.4M |
| TriumphOttawa Branch | Ottawa , IL | 61350 | $69.2M |
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 |
|---|---|---|---|
| October 19, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 19, 2019 | Structure Change | Acquired HomeStar Bank and Financial Services Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 14, 2018 | Structure Change | Acquired Alpine Bank & Trust Co. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 2, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 2, 2017 | Structure Change | Acquired Centrue Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 31, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 31, 2015 | Structure Change | Acquired Heartland Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 6, 2013 | Structure Change | Acquired The First National Bank of Grant Park Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 6, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 16, 2010 | Structure Change | Acquired Westbridge Bank & Trust Company Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| October 15, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| May 23, 2009 | Structure Change | Acquired Strategic Capital Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 22, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 14, 2009 | Structure Change | Acquired Commercial State Bank of Waterloo Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 13, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 15, 2000 | Structure Change | Acquired Centralia Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 27, 1999 | Structure Change | Acquired State Bank of Farina Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 26, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 21 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- November 20, 2013, Federal Reserve: Civil Money Penalty, $5,645: Midland States Bank, Effingham, Illinois
- Period: Most recent institution action November 20, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.6% of deposits in IL, rank 23 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,643 applications, 989 loans originated, $274.8M originated, across 21 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 23 loans, $8.0M approved, $347K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Midland States Bank
What are Midland States Bank's total assets?
As of the Q2 2026 filing, Midland States Bank reported total assets of $6.69 billion in its FFIEC call report.
Where is Midland States Bank headquartered?
It is headquartered in Effingham, IL, United States.
When was Midland States Bank founded?
It was established in 1881, per the FDIC institution directory.
Is Midland States Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1040). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Midland States Bank?
Midland States Bank's primary federal regulator is the Federal Reserve.
What is Midland States Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.59% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Midland States Bank operate?
It operates 60 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Midland States Bank's Texas Ratio?
Its Texas Ratio is 8.90% 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.
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