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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Illinois, the state note

Midland States Bank

Effingham, Illinois · $6.69B in assets · beside the 11 other Illinois banks between $3B and $10B

The filing

-16.2%
Loans, year over year
12th of 12, largest first
74.3%
Loans / deposits
2nd of 12
1.43%
NPA / loans
11th of 12

Midland States Bank is the seventh largest of the 12 Illinois banks nearest its size between $3B and $10B, with $6.69B in assets at 30 June 2026. Loans are 74.3% of deposits, 2nd of 12 against a median of 86.6%, and equity is 9.2% of assets, 8th of 11. Loans grew -16.2% in the year, the slowest in the cohort, and deposits fell 3.9%; the cohort's median loan growth is +9.2%.

Noncurrent loans are 1.43% of the book, 11th of 12 against a median of 0.55%; 0.26% is 30 to 89 days past due, and the allowance covers them 1.0 times. Net charge-offs are 0.90% of loans, the highest in the cohort. Commercial real estate is 44.6% of loans, 11th of 12 against a median of 27.7%, and 261% of capital, below the 300% screen, with construction at 34% against the 100% screen.

Return on assets is 1.21%, 10th of 11 against a median of 1.48%, on an efficiency ratio of 60.6%, 9th of 11. Five years ago it was 1.24%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Commercial real estate, share of loansIL banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 27.7% SB State Bank of India 0.0% BB Barrington Bank & Trust Co. N.A. 14.5% LF Lake Forest Bank & Trust Co. N.A. 15.4% WB Wheaton Bank & Trust N.A. 15.5% HB Hinsdale Bank & Trust Co. N.A. 21.2% NB Northbrook Bank & Trust Co. N.A. 23.5% OS Old Second National Bank 31.9% FA First American Bank 32.6% FM First Mid Bank & Trust N.A. 41.0% MC Morton Community Bank 42.5% MS Midland States Bank 44.6% HB Heartland Bank & Trust Co. 46.8%
Loans, year over yearIL banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +9.2% HB Heartland Bank & Trust Co. +42.0% OS Old Second National Bank +31.1% FM First Mid Bank & Trust N.A. +20.2% HB Hinsdale Bank & Trust Co. N.A. +16.0% WB Wheaton Bank & Trust N.A. +10.5% FA First American Bank +9.4% NB Northbrook Bank & Trust Co. N.A. +9.0% SB State Bank of India +7.2% LF Lake Forest Bank & Trust Co. N.A. +6.2% BB Barrington Bank & Trust Co. N.A. +5.6% MC Morton Community Bank -0.8% MS Midland States Bank -16.2%

SBA 7(a), FY2008 to FY2026

Midland States Bank is the 21st largest 7(a) lender into Illinois of 537, with $163M across 331 loans, 1.1% of everything approved in the state (Byline Bank leads with $2.39B). 54 of its 90 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Illinois, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Winnebago, IL$41M2nd of 7412.5%+10.5 pts
Cook, IL$38M38th of 2820.6%-0.1 pts
Saint Louis, MO$18M21st of 1781.3%+0.5 pts
Dupage, IL$13M34th of 1880.6%+0.0 pts
Lake, IL$10M27th of 1600.9%thin
Will, IL$9M23rd of 1451.2%-0.6 pts
La Salle, IL$9M1st of 3715.9%+8.2 pts
Franklin, OH$7M36th of 1660.3%quiet FY2019
Saint Louis City, MO$7M13th of 1002.3%-0.2 pts
Boone, IL$7M3rd of 3511.0%+39.6 pts
Saint Charles, MO$5M23rd of 1361.1%-2.4 pts
Eau Claire, WI$5M7th of 532.8%quiet FY2022
Saint Clair, MI$5M6th of 493.2%quiet FY2019
77 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing77$66M26.0%0.17%110th of 2,246
Accommodation & food services76$54M21.2%0.07%210th of 2,596
Other services47$30M11.9%0.09%182nd of 2,248
Construction53$19M7.4%0.06%249th of 2,063
Health care & social assistance32$18M6.9%0.04%274th of 2,172
7(a) lenders into Illinois, share of approvals since FY2008537 lenders on record; the ten largest and Midland States Bank
BB Byline Bank 15.8% $2.39B · 2,427 loans TH The Huntington National Bank 6.2% $942M · 4,109 loans UB U.S. Bank, National Association 4.6% $694M · 2,828 loans JC JPMorgan Chase Bank, National Ass… 4.4% $660M · 4,997 loans LO Live Oak Banking Company 4.0% $607M · 489 loans VB Village Bank and Trust, National … 2.6% $396M · 826 loans MB Millennium Bank 2.4% $366M · 195 loans BB Busey Bank 2.1% $317M · 323 loans WF Wells Fargo Bank National Associa… 1.7% $250M · 513 loans FT Fifth Third Bank 1.6% $244M · 721 loans MS Midland States Bank 1.1% $163M · 331 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Midland States BankRankCohort median
Total CRE against capital, the 300% screen261%9th of 11178%
Construction against capital, the 100% screen34%6th of 1134%
Construction and land development, share of loans5.7%9th of 125.2%
Non-owner-occupied nonfarm nonresidential, share of loans29.9%10th of 1114.3%
Total CRE, the guidance definition, share of loans44.6%11th of 1227.7%
CRE growth over 36 months, the third prong-14.9%1st of 11+42.6%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Lake Forest Bank & Trust Co. N.A.$9.25B2.0%42.4%0.34%0.03%0.8%94.9%9.5%
First Mid Bank & Trust N.A.$9.14B1.1%61.4%0.58%0.08%1.3%90.8%11.8%
First American Bank$8.63B1.5%59.6%0.60%-0.01%1.4%61.0%8.1%
Old Second National Bank$6.86B1.7%50.7%1.08%0.72%1.3%96.0%13.5%
Hinsdale Bank & Trust Co. N.A.$6.80B1.4%36.8%0.16%0.00%0.7%90.0%10.1%
Heartland Bank & Trust Co.$6.72B1.3%59.7%0.19%0.03%1.3%82.3%13.1%
Midland States Bank$6.69B1.2%60.6%1.43%0.90%1.5%74.3%9.2%
Northbrook Bank & Trust Co. N.A.$6.37B1.5%29.5%0.27%0.11%0.6%83.2%8.3%
Morton Community Bank$5.35B1.6%52.3%0.81%0.33%1.1%75.0%9.4%
Barrington Bank & Trust Co. N.A.$5.17B1.3%68.4%4.75%0.08%0.6%94.2%10.2%
Wheaton Bank & Trust N.A.$4.79B1.6%32.6%0.53%0.17%0.5%78.0%8.8%
State Bank of India$4.32Bno recordno record0.00%no recordno record124.3%no record
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Midland States BankCohort median
20212026Change20212026Change
Loans$4.85B$4.25B-12%$2.58B$4.36B+69%
Deposits$5.24B$5.72B+9%$3.52B$5.51B+57%
NPA / loans1.17%1.43%+0.26 pts0.52%0.55%+0.04 pts
Efficiency63.8%60.6%-3.1 pts57.3%52.3%-5.0 pts
ROA1.24%1.21%-0.02 pts1.38%1.48%+0.11 pts

This read was prepared for Midland States Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Midland States Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort IL banks $3B to $10B
Institution www.midlandsb.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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