Midwest Bank (Monmouth, IL)
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Data as of · sourced from FFIEC call reports. How we update
Midwest Bank is an FDIC-insured commercial bank headquartered in Monmouth, IL, established in 1870 (FDIC certificate 3711), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $736.4M, up 6.0% from Q2 2025, the 68th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 14.20% 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
- 3711
- Headquarters
- Monmouth, IL
- Established
- 1870
- Total assets, Q2 2026
- $736.4M
- Assets vs Q2 2025
- +6.0%
- CET1 ratio, Q2 2026
- 14.20%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 071102500
- Latest call report
- Q2 2026, FFIEC 041 · Midwest Bank call report
- Holding company
- 1870 HOLDINGS, INC.
- Asset rank in state
- 68th of 319 in Illinois
Midwest Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $736 million at June 30, 2026, up 6.0% from a year earlier; it is based in Monmouth, Illinois. It funds 8.80% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also keeps 3.36 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $23 million equal 36% of Tier 1 capital, down from 51% a year earlier. Earnings jumped: net income for the quarter was $1.9 million, 35% above the same quarter a year earlier. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.32% of loans from 0.19% a year earlier.
As of June 30, 2026, Midwest Bank reported a CET1 capital ratio of 14.20%, a return on assets of 1.01%, a nonperforming-loan ratio of 0.32% and a Texas ratio of 2.63%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Midwest Bank is the 68th largest of the 319 banks headquartered in Illinois. From Q1 2026 to Q2 2026, its total assets rose 4.8% to $736.4M, loans were flat and deposits rose 7.3%. Farmland and other real estate loans made up 20.4% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 19.7%. The FDIC Summary of Deposits lists 8 offices for it, in 7 cities in IL; its Monmouth office books 56% of its branch deposits. On its Q2 2026 call report, Midwest Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 200 E Broadway, Monmouth, IL 61462
- County
- Warren
- 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 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- September 9, 1870
- Former names
- Midwest Bank of Western Illinois (1998-2015)
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 88
- Domestic deposits
- $578.1M
- Allowance for credit losses
- $5.4M
- Net charge-offs (YTD)
- $58K
- Average total assets
- $735.2M
- Average total loans
- $434.6M
- Average interest-bearing deposits
- $568.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3711
- Fed RSSD
- 709143
- Website
- www.mbwi.com →
- Parent Holding Company
- 1870 HOLDINGS, INC. (RSSD 3356632)
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
Midwest Bank's total assets moved between a low of $657.4M (Q3 2023) and a high of $736.4M (Q2 2026) 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
$736.4M total assets against $694.7M; $675.3M total liabilities against $643.6M.
$432.7M net loans and leases against $409.8M; $578.1M total deposits against $550.9M.
$210.9M securities against $198.7M; $32.7M cash and balances due against $29.5M.
$8.4M total interest income against $7.7M; $2.8M total interest expense against $3.0M.
$5.6M net interest income against $4.7M.
$844K total noninterest income against $757K; $3.7M total noninterest expense against $3.4M.
$225K provision for credit losses against $174K.
$1.9M net income against $1.4M.
1.01% return on assets against 0.79%; 3.36% net interest margin against 3.06%.
14.20% CET1 capital ratio against 13.41%; 8.80% tier 1 leverage ratio against 8.56%.
Inside the full Midwest Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMidwest Bank rankings
Its closest position to the top of a national ranking is 1,319 of 4,196, for total assets; its furthest is 2,484 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.56% (Q3 2024) to 1.01% (Q2 2026) and its net interest margin ran from 2.81% (Q3 2024) to 3.36% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.20% | 1.01% | 0.32% | 2.63% | 3.36% |
| Q1 2026 | 14.16% | 0.98% | 0.28% | 2.35% | 3.25% |
| Q4 2025 | 13.60% | 0.72% | 0.21% | 1.79% | 3.18% |
| Q3 2025 | 13.77% | 0.91% | 0.25% | 2.16% | 3.19% |
| Q2 2025 | 13.41% | 0.79% | 0.19% | 1.89% | 3.06% |
| Q1 2025 | 13.28% | 0.65% | 0.23% | 2.48% | 2.92% |
| Q4 2024 | 14.82% | 0.57% | 0.25% | 2.22% | 2.89% |
| Q3 2024 | 15.17% | 0.56% | 0.30% | 2.32% | 2.81% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Midwest Bank (main office) | Monmouth , IL | 61462 | $325.3M |
| Mercer County Banking Center | Aledo , IL | 61231 | $67.1M |
| Seminary Banking Center Branch | Galesburg , IL | 61401 | $59.3M |
| Oquawka Banking Center | Oquawka , IL | 61469 | $52.4M |
| Andalusia Branch | Andalusia , IL | 61232 | $50.0M |
| Galesburg Banking Center Branch | Galesburg , IL | 61401 | $12.8M |
| East Peoria Branch | East Peoria , IL | 61611 | $11.2M |
| Moline Branch | Moline , IL | 61265 | $0 |
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 |
|---|---|---|---|
| September 29, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 29, 2018 | Structure Change | Acquired Andalusia Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 14, 1997 | Structure Change | Acquired West Central Illinois Bancorp, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 30, 1994 | Structure Change | Acquired Midwest Bank of Oquawka Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 29, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC (former OTS))
- December 4, 1991, OCC (former OTS): Supervisory Agreement: Midwest Savings Bank
- Period: Most recent institution action December 4, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 95 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 240 applications, 221 loans originated, $33.3M originated, across 9 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $1.4M approved, $686K average. 50.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (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 Midwest Bank
What are Midwest Bank's total assets?
As of the Q2 2026 filing, Midwest Bank reported total assets of $736.4 million in its FFIEC call report.
Where is Midwest Bank headquartered?
It is headquartered in Monmouth, IL, United States.
When was Midwest Bank founded?
It was established in 1870, per the FDIC institution directory.
Is Midwest Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #3711). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Midwest Bank?
Midwest Bank's primary federal regulator is the Federal Reserve.
What is Midwest Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.20% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Midwest Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Midwest Bank's Texas Ratio?
Its Texas Ratio is 2.63% 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 Midwest Bank previously called?
The charter now named Midwest Bank has also operated as Midwest Bank of Western Illinois (1998-2015), per FDIC structure-change records.
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