First Mid Bank and Trust Highland IL Financial Performance and Data

First Mid Bank and Trust in Highland, IL has a strong financial performance. With assets totaling over $4.7 billion, the bank has a significant presence in the local economy.

The bank's financial performance is also reflected in its net income, which has been steadily increasing over the years. In 2020, the bank reported a net income of $43.8 million.

First Mid Bank and Trust has a strong capital position, with a total risk-based capital ratio of 13.4% as of 2020. This indicates that the bank has a solid foundation to support its lending activities and other operations.

The bank's deposit base is also impressive, with total deposits exceeding $3.6 billion as of 2020. This provides a stable source of funding for the bank's lending activities and other operations.

First Mid Bank and Trust in Highland, IL offers a range of banking services to meet the needs of its customers.

Their main office is located at 205 E US Highway 30, Highland, IL 62249, where customers can access a variety of banking services.

The First Mid Bank & Trust Highland Route 143 branch has been serving the financial needs of its customers in Highland, Madison County, Illinois since 1922.

This branch operates as a full-service, brick and mortar office and is located at 12616 State Route 143, Highland, IL 62249.

You can contact the branch by calling 618-654-1111 or by visiting the location during regular business hours for assistance with your banking needs.

The routing number for the First Mid Bank & Trust Highland Route 143 branch is 071102076, which is valid for Automated Clearing House ACH transactions, such as direct deposits and bill payments, as well as wire transfers.

We recommend that you contact the branch directly to verify this information before proceeding with any transactions.

Julie Huelsmann, Commercial Loan Officer, First Mid-Illinois Bank & Trust, Highland, is a great example of how passion and hard work can lead to a successful career.

She grew up on a family farm in St. Rose and developed a passion for agriculture, which guided her when choosing a career.

Julie completed a Bachelor of Science in agricultural business economics from Southern Illinois University Carbondale in December 2013.

She had previously attended John A. Logan College for two years on a volleyball scholarship.

As a commercial loan officer, Huelsmann works primarily with farmers and agricultural loan financing at First Mid-Illinois Bank & Trust.

She is also a member of the Highland Rotary Club and the St. Rose Development Club.

First Mid-Illinois Bank & Trust is known for their work with SBA loans and is highly successful with the Farmer Mac and USDA Farm Service Agency loan programs on the agricultural side.

Julie continues to live in St. Rose on the family farm where she grew up.

Knowing first-hand what life is like every day on the farm is why she is able to serve her customers so well, she said.

She marked her first anniversary at First Mid in March and said she still has much more to learn.

The bank is community-oriented and people-focused, providing a strong level of professionalism that is balanced with a strong sense of home.

First Mid Bank and Trust in Highland, IL offers a range of financial services to its customers.

Their financial data includes a variety of options such as checking and savings accounts, which can be accessed through their online banking platform.

Income and expense are two crucial aspects of any financial statement. The numbers tell a story of how a company or organization is performing financially.

Total interest income was $56,986 thousand in 2011. This is a significant source of revenue for many businesses.

The total interest expense was $7,662 thousand, which is a cost that must be subtracted from the total interest income. This is a common practice in financial accounting.

Net interest income is the difference between total interest income and total interest expense. In this case, it was $49,324 thousand. This number gives us an idea of the profitability of the interest-generating activities.

Provision for loan and lease losses was $3,101 thousand, which is a provision made to cover potential losses on loans and leases. This is an important expense that must be considered when evaluating a company's financial health.

Noninterest income includes various sources of revenue that are not related to interest income. In 2011, total noninterest income was $13,460 thousand, with significant contributions from fiduciary activities ($3,030 thousand) and service charges on deposit accounts ($7,816 thousand).

On the other hand, noninterest expense includes costs that are not related to interest income. In 2011, total noninterest expense was $39,530 thousand, with significant expenses for salaries and employee benefits ($20,239 thousand) and premises and equipment expense ($7,166 thousand).

Pre-tax net operating income is the profit earned by a company before taxes. In 2011, it was $12,423 thousand. This number gives us an idea of the company's profitability before taxes.

Here's a summary of the income and expense data:

These numbers provide a snapshot of the company's financial performance in 2011.

The performance and condition ratios of a financial institution are crucial indicators of its overall health and stability. The data for December 31, 2011, shows a yield on earning assets of 4.14%.

This means that for every dollar invested, the institution earned 4.14 cents in interest. The cost of funding earning assets was 0.56%, which is a relatively low cost.

The net interest margin, which is the difference between the yield on earning assets and the cost of funding, was 3.58%. This indicates that the institution was able to generate a significant amount of revenue from its lending activities.

Here's a breakdown of the key performance ratios:

The condition ratios provide insight into the institution's asset quality and capital adequacy. The loss allowance to loans was 7.55%, which indicates that the institution has set aside a significant amount of reserves to cover potential loan losses.

The equity capital to assets ratio was 72.26%, which is a relatively high level of capitalization. This suggests that the institution has a strong capital base to support its lending activities.

The average assets were $13,000, while the average earning assets were $1,488,145,000. This indicates that the institution has a significant amount of assets under management.