Midwest Bank: how it compares with its peers
Against 85 IL banks with half to twice its assets, Midwest Bank's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $7.6M peer median). Its weakest relative measure is net interest margin (3.38% vs. 3.66%).
| Measure | Midwest Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.02% | 1.14% | Middle third Ahead of 41% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.38% | 3.66% | Middle third Ahead of 39% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.96% | 62.41% | Middle third Ahead of 61% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $7.6M | Middle third Ahead of 62% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.84% | 77.88% | Context |
What it means for lending operations
Its efficiency ratio of 58.96% is better than the 62.41% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- The Peoples State Bank of Newton, Illinois Newton, IL · $737M
- First Neighbor Bank, National Association Toledo, IL · $736M
- Longview Bank Ogden, IL · $732M
- The Bradford National Bank of Greenville Greenville, IL · $723M
- Albank National Association Chicago, IL · $722M
- Hickory Point Bank and Trust Decatur, IL · $718M
Questions about Midwest Bank
How big is Midwest Bank?
Midwest Bank, established in 1870, is headquartered in Monmouth, IL. It reported $736M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Midwest Bank's return on assets?
1.02% annualized in Q2 2026, against a 1.14% median for 85 IL banks with half to twice its assets, ahead of 41% of them.
What is Midwest Bank's efficiency ratio?
58.96% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 62.41%, and lower is better.
Is Midwest Bank growing its loans?
Net loans grew 5.6% over the year to Q2 2026, while deposits grew 4.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Illinois bank ranked.