Midland States Bank
Midland States Bank reported total assets of $6.7 bn at Q2 2026, down 5.7% on a year earlier, the 229th largest of 497 banks in our US coverage. The CET1 capital ratio at Midland States Bank was 13.59%, and the uninsured share of Midland States Bank was 22.73%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Midland States Bank climbed from 528th to 203rd among 500 US banks between and (1 = highest; FDIC Call Reports).
- Midland States Bank has one of the highest net charge-offs to average loans readings among banks of $1 bn to $10 bn: 0.89% at , against a median of 0.06% across 339 banks (FDIC Call Reports).
- Over the year to , the net loans and leases of Midland States Bank fell by 15.9% to $4.2 bn, a bigger fall than at 99% of covered banks (FDIC Call Reports).
What sets Midland States Bank apart
- Over the year to , the bank equity capital of Midland States Bank fell by 7.1% to $612.8 mn, a bigger fall than at 97% of covered banks.
- Since , Midland States Bank has taken over 3 institutions; the latest was HomeStar Bank and Financial Services on .
- Over the year to , the total assets of Midland States Bank fell by 5.7% to $6.7 bn, a bigger fall than at 97% of covered banks.
How large is Midland States Bank?
The balance sheet of Midland States Bank at : assets $6.7 bn, deposits $5.7 bn, net loans $4.2 bn (loans equal to 73.24% of deposits). Securities make up 24.8% of total assets at Midland States Bank. Since , when Midland States Bank held $2.9 bn, its assets grew 131.1%. In the year to , deposits at Midland States Bank fell 3.9% while its total assets fell 5.7%. At , Midland States Bank employed 782 full-time equivalent staff across 60 offices, about $8.6 mn of assets per employee and $95.4 mn of deposits per office.
How much funding at Midland States Bank is uninsured?
At Midland States Bank, uninsured deposits (above the FDIC limit) made up 22.73% of domestic deposits at (-1.16 pp on a year earlier); Midland States Bank ranks 390th of 500 on this measure. In dollars, Midland States Bank estimated $1.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.7 bn | -3.9% | 217th of 499 |
| Net loans and leases | $4.2 bn | -15.9% | 253rd of 500 |
| Loan-to-deposit ratio | 73.24% | -10.38 pp | 399th of 500 |
| Tier 1 leverage ratio | 10.08% | +0.16 pp | 287th of 500 |
| Total risk-based capital ratio | 14.84% | +1.10 pp | 183rd of 448 |
| Net interest margin | 4.01% | +0.31 pp | 136th of 500 |
| Return on assets (ROA) | 1.22% | +4.65 pp | 298th of 500 |
| Efficiency ratio | 59.79% | +0.50 pp | 328th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $90.5 mn | Narrowed by $5.4 mn | |
| Noncurrent loans to total loans | 1.43% | -0.15 pp | 417th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.89% | -0.87 pp | 466th of 500 (1 = lowest) |
US rank of Midland States Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Midland States Bank: assets, deposits and loans
- Total assets $6.7bn
- Deposits $5.7bn
- Net loans $4.2bn
Capital and securities
The CET1 ratio of Midland States Bank stood at 13.59% in , +1.10 pp year on year. Low and high at Midland States Bank since : 8.98% () to 13.59% (). Equity capital of Midland States Bank at : $612.8 mn, or 9.2% of total assets. Midland States Bank also reported a total capital ratio of 14.84% for , and a tier 1 leverage ratio of 10.08%.
The available-for-sale portfolio of Midland States Bank showed an unrealized loss of $90.5 mn at ; the loss narrowed by $5.4 mn over the year.
Midland States Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 10%
Midland States Bank: unrealized securities gains and losses
- Available for sale -$91mn
- Held to maturity $0
Profitability and loan quality
For the year to , Midland States Bank earned a return on equity of 13.18%; return on assets: 1.22%. Net interest margin at Midland States Bank: 4.01%, +0.31 pp in a year. Midland States Bank net income: $40.2 mn, down 132.1% year on year. The efficiency ratio of Midland States Bank was 59.79%: about 60 cents cost per revenue dollar, against 60 cents at the median peer.
At , noncurrent loans were 1.43% of total loans at Midland States Bank; net charge-offs: 0.89% of average loans. Gross loans and leases at Midland States Bank: $4.3 bn, down 16.2% in a year.
Midland States Bank: profitability
- Return on equity 13%
- Net interest margin 4.0%
- Return on assets 1.2%
Peer group of Midland States Bank
The peer group of Midland States Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Midland States Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 1 has its head office in Illinois. Against them, Midland States Bank shows CET1 ratio 13.59% against a peer median of 13.91%, return on equity 13.18% against a peer median of 10.80% and uninsured deposit share 22.73% against a peer median of 30.29%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Third Coast Bank | State member bank | TX | $6.7 bn | 12.10% | 11.42% | 30.98% | |
| Heartland Bank and Trust Company | State nonmember bank | IL | $6.7 bn | 14.75% | 11.16% | 23.85% | |
| Alpine Bank | State nonmember bank | CO | $6.7 bn | 15.21% | 12.34% | 38.46% | |
| Midland States Bank | State member bank | IL | $6.7 bn | 13.59% | 13.18% | 22.73% | |
| First Bank | State member bank | MO | $6.7 bn | 13.06% | 8.03% | 29.61% | |
| SMBC MANUBANK | State nonmember bank | CA | $6.6 bn | 23.92% | -32.51% | 79.00% | |
| The Washington Trust Company, of Westerly | State nonmember bank | RI | $6.6 bn | 12.22% | 10.44% | 27.07% | |
. FDIC Call Reports.
Last eight quarters
Two years at Midland States Bank, to : assets -13.0%, deposits -8.6%, equity -29.0%. Staff 889 to 782; offices 61 to 60.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.7 bn | $7.5 bn | $7.3 bn | $7.1 bn | $6.9 bn | $6.5 bn | $6.5 bn | $6.7 bn |
| Total deposits | $6.3 bn | $6.2 bn | $5.9 bn | $6.0 bn | $5.6 bn | $5.4 bn | $5.5 bn | $5.7 bn |
| Bank equity capital | $863.1 mn | $801.1 mn | $659.5 mn | $659.9 mn | $621.3 mn | $610.2 mn | $605.3 mn | $612.8 mn |
| CET1 ratio | 11.46% | 11.18% | 11.57% | 12.49% | 12.08% | 13.05% | 13.17% | 13.59% |
| Return on equity (ROE) | 11.64% | 5.33% | -76.22% | -35.40% | -21.93% | -17.07% | 12.69% | 13.18% |
| Uninsured share of domestic deposits | 24.29% | 23.64% | 22.96% | 23.89% | 21.21% | 21.31% | 22.15% | 22.73% |
| Full-time equivalent employees | 889 | 878 | 872 | 857 | 847 | 843 | 832 | 782 |
| Number of offices | 61 | 61 | 61 | 60 | 60 | 60 | 60 | 60 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Midland States Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Centrue Bank (FDIC certificate 3744).
- . Absorbed Alpine Bank & Trust Co. (FDIC certificate 18545).
- . Absorbed HomeStar Bank and Financial Services (FDIC certificate 16375).
Large one-quarter moves at Midland States Bank
- Total assets at Midland States Bank changed by +25.1% in the quarter to 2017-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Centrue Bank.
- Total assets at Midland States Bank changed by +28.6% in the quarter to 2018-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Alpine Bank & Trust Co..
Questions and identifiers
What were the total assets of Midland States Bank?
Midland States Bank reported $6.7 bn at in its Call Report. That makes Midland States Bank the 229th largest of 497 banks in our US coverage.
Is Midland States Bank the same as its holding company?
No. This page covers Midland States Bank, FDIC certificate 1040; MIDLAND STATES BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Midland States Bank profitable?
Midland States Bank reported net income of $40.2 mn for the year to ; annualized return on equity: 13.18%. So yes: Midland States Bank made a profit over these months.
When is data for Midland States Bank next updated?
Figures from Midland States Bank for are due after .
Where can I check the figures for Midland States Bank?
In the FDIC BankFind Suite record for certificate 1040, and in the Call Reports of Midland States Bank (RSSD ID 773247) at the FFIEC Central Data Repository.