First Mid-Illinois Bank & Trust
First Mid Bancshares (NASDAQ: FMBH) is an Illinois-based community bank holding company operating First Mid Bank & Trust, with approximately $9.1 billion in total assets serving consumers, businesses, agricultural operators, and wealth management clients across Illinois, Iowa, Missouri, Texas, and Wisconsin through branches and Fiserv-powered digital banking.
- Company typePublic
- Founded1865
- HeadquartersMattoon, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What First Mid-Illinois Bank & Trust does
First Mid-Illinois Bank & Trust is the operating bank subsidiary of First Mid Bancshares, Inc. (NASDAQ: FMBH), a publicly traded regional bank holding company founded in 1865 and headquartered in Mattoon, Illinois. The company operates as a full-service community bank with approximately $9.1 billion in total assets following the March 2026 acquisition of Two Rivers Financial Group, serving individual consumers, businesses, agricultural operators, homebuyers, and wealth management clients across Illinois, Iowa, Missouri, Texas, and Wisconsin. Its customer base is segmented across five primary use cases: personal banking (checking, savings, mortgages, auto loans, credit cards via Elan Financial Services), business and commercial banking (lending, treasury management, SBA loans), agricultural lending, mortgage origination, and wealth management (delivered through a Raymond James partnership).
The product portfolio spans roughly 35 named products including core deposit products (Benefits Checking, Jumbo Money Market, CDs, IRAs, HSAs), consumer and mortgage lending (conventional, FHA, VA, Rural Development, home equity), specialty commercial lending (SBA, ag, healthcare, municipal, campground, accounts receivable, agency financing), treasury management, and insurance through First Mid Insurance Group. Digital channels are built on a Fiserv-powered mobile and online banking platform with integrated digital wallet support (Apple Pay, Google Pay, Samsung Pay, FitBit Pay, Visa SRC), Zelle P2P payments, mobile deposit via ProfitStars, and bill pay through RemitPlus Express.
Revenue is generated primarily through net interest income (3.80% NIM in Q3 2025) on loans and securities, supplemented by deposit fees, interchange income from Visa debit/credit transactions, wealth management fees routed through Raymond James, and insurance commissions. Pricing follows a tiered subscription model with relationship-based fee waivers (e.g., $8 Benefits Checking fee waived at $2,500 minimum daily balance or $25,000 total deposits) and unit pricing on basic accounts. Distribution relies on a physical branch network, proprietary ATMs with 5:00 p.m. deposit cutoff, the mobile app, online banking, and telephone banking. The go-to-market is relationship-led and community-anchored, targeting retail, small business, agricultural, and middle-market customers through local decision-making and full-service delivery.
First Mid-Illinois Bank & Trust firmographics
Firmographics- Name
- First Mid-Illinois Bank & Trust
- Legal name
- First Mid Bancshares, Inc.
- Website
- https://firstmid.com
- Company type
- Public
- Founded year
- 1865
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- First Mid Bancshares (NASDAQ: FMBH) is an Illinois-based community bank holding company operating First Mid Bank & Trust, with approximately $9.1 billion in total assets serving consumers, businesses, agricultural operators, and wealth management clients across Illinois, Iowa, Missouri, Texas, and Wisconsin through branches and Fiserv-powered digital banking.
- Ownership category
- akta.pro rank
First Mid-Illinois Bank & Trust industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218)
- SIC
- State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industries
- Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE), Virtual / Digital-First Credit Cards (FSAKABAK)
Keywords
Where First Mid-Illinois Bank & Trust is headquartered
LocationHeadquarters
- HQ city
- Mattoon
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
First Mid-Illinois Bank & Trust business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Primary revenue from interest earned on loans including commercial loans, mortgages, auto loans, agricultural loans, and consumer loans. Net interest margin reported at 3.80% in Q3 2025.
- Deposit Fees and Charges: Monthly maintenance fees, paper statement fees, overdraft fees, ATM fees, and other account-related charges.
- Card Transaction Fees: Interchange income from debit and credit card transactions processed through Visa network.
- Wealth Management and Trust Services: Financial planning, investment management, and trust services offered through Raymond James partnership. Securities offered through Raymond James Financial Services, Inc. member FINRA/SIPC.
- Insurance Services: Insurance products and services offered through First Mid Insurance Group, a wholly-owned subsidiary of First Mid Bancshares, Inc.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Benefits Checking - $8 monthly fee |
| Unit Pricing | Monthly | Basic Savings Account - $50 minimum opening |
| Subscription | Monthly | Jumbo Money Market - Tiered rates |
| Subscription | Quarterly | Quarterly Dividend - $0.25 per share |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
First Mid-Illinois Bank & Trust product offering
Product offeringCore offering
First Mid-Illinois Bank & Trust provides full-service community banking including personal and business deposit accounts, consumer and commercial lending, mortgage origination, agricultural financing, insurance, and wealth management. The institution operates physical branches across Illinois and Iowa complemented by a Fiserv-powered digital banking platform including mobile and online channels.
Product overview
First Mid-Illinois Bank & Trust operates as a full-service regional bank offering a unified but multi-channel banking platform with personal banking, commercial banking, mortgage lending, insurance, and wealth management divisions. The core banking products include checking, savings, money market, and certificate of deposit accounts, complemented by lending products spanning mortgages, home equity, auto loans, and commercial credit facilities. Digital banking services are delivered through a Fiserv-powered online and mobile banking platform. The bank's specialty lending includes SBA loans, agricultural lending, healthcare financing, campground financing, and municipal financing. Wealth management services are delivered through First Mid Wealth Management in partnership with Raymond James, offering trust services, investment management, and retirement planning. The bank maintains two affiliate divisions: First Mid Insurance Group for insurance products and First Mid AG Services for agricultural services. Recent acquisitions include Two Rivers Financial Group (2026) expanding the bank's presence in Iowa with approximately $1.2 billion in assets.
Differentiator
Problem solved
Functional benefit
Brands
- First Mid Insurance Group: Insurance products and services offered through First Mid Insurance Group, a wholly-owned subsidiary of First Mid Bancshares, Inc.
- First Mid Wealth Management
- First Mid AG Services
Products and services
- Personal Checking
- Benefits Checking
- Personal Savings
- Jumbo Money Market
- Certificate of Deposit (CD)
- Individual Retirement Account (IRA)
- Health Savings Account (HSA)
- Mortgages
- Home Equity Loans
- Auto & Consumer Loans
- Debit Card
- Credit Card
- Online and Mobile Banking
- Business Checking
- Commercial Lending
- SBA Loans
- Ag Lending
- Treasury Management
- Wealth Management
- First Mid Insurance Group
- First Mid AG Services
Quantifiable outcome
- Net interest margin expansion to 3.80%
- +2 more outcomes
Companies that use First Mid-Illinois Bank & Trust
Customer profileSegments5 records
Ideal customer profiles5 records
First Mid-Illinois Bank & Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability2 records
Feature4 records
First Mid-Illinois Bank & Trust partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Raymond James Financial ServicescoreSecurities and investment advisory services offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Raymond James financial advisors provide investment management, financial planning, and retirement services to First Mid Wealth Management clients. This partnership enables First Mid to offer comprehensive wealth management alongside its banking services.
- FiservcoreFirst Mid Bank & Trust Mobile app is powered by Fiserv, providing mobile banking capabilities including real-time balances, transfers, bill pay, mobile deposits, and Zelle integration. Fiserv provides the technological infrastructure for the bank's digital banking services.
- VisacoreFirst Mid debit cards operate on the Visa network, providing widespread acceptance at merchants worldwide and access to Visa's Zero Liability protection for unauthorized transactions.
- ZellecoreIntegrated P2P payment service allowing First Mid customers to send money to friends and family using phone numbers or email addresses.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
First Mid-Illinois Bank & Trust competitors and assessment
Company assessmentDirect peers
- First Merchants Corporation: Indiana-based Midwestern community bank of comparable size with similar commercial, ag, and wealth management services. Comparable asset size and business mix.
- Wintrust Financial Corporation: Chicago-area community banking franchise with specialty lending verticals, premium deposit products, wealth management, and similar relationship-led model. Directly comparable in product mix though significantly larger.
- First Busey Corporation: Illinois-headquartered community bank with similar personal, commercial, and wealth management offerings, including ag lending exposure. Operates in many of the same Illinois/Iowa markets as First Mid post-Two Rivers.
- Byline Bancorp: Chicago-based community bank with similar size range, commercial and small business lending focus, and growth-via-acquisition strategy. Overlapping Illinois market presence.
- Old National Bancorp: Midwest-based super-community bank operating across Illinois, Indiana, Kentucky, and surrounding states with similar deposit-gathering, commercial lending, and wealth management franchises. Closely comparable business mix to First Mid, though materially larger in scale.
- Banner Corporation: Pacific Northwest community bank with similar commercial, ag, and mortgage focus. Comparable size and growth-via-acquisition profile, though geographically distinct.
- German American Bancorp: Indiana and Kentucky community bank with comparable commercial, ag, and wealth management lines, similar asset size range (~$5–7B), and overlapping Midwest geographic footprint. Closely aligned in operating model.
- Lakeland Financial Corporation: Indiana-headquartered community bank with comparable community banking model, ag lending, and treasury management. Similar scale, profitability, and Midwest geographic positioning.
- Heartland Financial USA / Glacier Bancorp: Multi-state community bank holding company with similar acquisition-driven growth strategy and comparable community banking, ag lending, and wealth management products across the Midwest.
Broad incumbents
- JPMorgan Chase (Community Banking / Midwest branches): Large national banking incumbent with significant branch presence in Illinois and across the Midwest. Competes head-to-head with First Mid on deposits, mortgages, and small business banking, though from a vastly larger scale and broader product set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights8 records
Customer concentration
First Mid-Illinois Bank & Trust social profiles
Digital presenceFirst Mid-Illinois Bank & Trust compliance and trust
Trust signalCompliance1 record
First Mid-Illinois Bank & Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Mid-Illinois Bank & Trust leadership team
Management profileNumber of profiles
Profiles6 records
First Mid-Illinois Bank & Trust subsidiaries and ownership
Company hierarchySubsidiaries6 records
First Mid-Illinois Bank & Trust funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Mid-Illinois Bank & Trust M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Mid-Illinois Bank & Trust
What does First Mid-Illinois Bank & Trust do?
First Mid-Illinois Bank & Trust provides full-service community banking including personal and business deposit accounts, consumer and commercial lending, mortgage origination, agricultural financing, insurance, and wealth management. The institution operates physical branches across Illinois and Iowa complemented by a Fiserv-powered digital banking platform including mobile and online channels.
Is First Mid-Illinois Bank & Trust a public or private company?
First Mid-Illinois Bank & Trust is a public company. It is classified as public and is currently operating.
When was First Mid-Illinois Bank & Trust founded?
First Mid-Illinois Bank & Trust was founded in 1865. It employs 1,001 to 5,000 people.
Where is First Mid-Illinois Bank & Trust based?
First Mid-Illinois Bank & Trust is headquartered in Mattoon, United States, in the North America region.
How does First Mid-Illinois Bank & Trust make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Fees and Charges, card Transaction Fees, wealth Management and Trust Services and insurance Services.
Who are First Mid-Illinois Bank & Trust's main competitors?
Direct peers on record are First Merchants Corporation, Wintrust Financial Corporation, First Busey Corporation, Byline Bancorp, Old National Bancorp, Banner Corporation, German American Bancorp, Lakeland Financial Corporation and Heartland Financial USA / Glacier Bancorp. JPMorgan Chase (Community Banking / Midwest branches) is listed as a broad incumbent.
Does First Mid-Illinois Bank & Trust have an API?
No public API is recorded for First Mid-Illinois Bank & Trust.
What industry is First Mid-Illinois Bank & Trust in?
First Mid-Illinois Bank & Trust's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSABAIAC, Liquidity & Cash Concentration (Sweeping, pooling, notional pooling). Its NAICS code is 5221 and its SIC code is 6022.