First Mid-Illinois Bank Salary

How much does the First Mid-Illinois Bank Pay for employees?

As of August 2026, the average annual salary for employees at First Mid-Illinois Bank in the United States is $87,918. This translates to an approximate hourly wage of $42. Salaries at First Mid-Illinois Bank typically range from $77,074 to $99,697 annually, reflecting the diverse roles and experience levels within the company. First Mid-Illinois Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at First Mid-Illinois Bank

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Is First Mid-Illinois Bank’s Pay Competitive? Salary Benchmarking Analysis

How does First Mid-Illinois Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
First Mid-Illinois Bank
Financial Services
calculator junky Inc
Bryden Atm Inc
Industry Comparison
Our data shows that, on average, compensation at First Mid-Illinois Bank is below the average for the U.S. Financial Services industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared First Mid-Illinois Bank average annual salary with several similar companies. First Mid-Illinois Bank average salary of $87,918 is lower than calculator junky Inc, which has an average salary of $105,607. It is lower than Bryden Atm Inc, with their average salary at $101,430. This places First Mid-Illinois Bank in a developing position among its peers.
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Employee Reviews: Working at First Mid-Illinois Bank

Considering a career at First Mid-Illinois Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Governance practices are best-in-class. The company fosters a culture of respect, innovation, and accountability. It's a place where ambitious individuals can truly thrive and build impactful careers. Workload is manageable and performance expectations are clear.
Open communication is a hallmark. The environment is inclusive and professional. Internal mobility programs help employees explore new career paths. Communication across the company is clear and consistent. Strong emphasis on process and accuracy. Leadership listens and responds quickly. Management leads by example, emphasizing long-term relationships over short-term gains. Leadership promotes ope...
It’s a stable environment for those who prefer clear rules and steady routines rather than rapid change or innovation. The company culture emphasizes teamwork, transparency, and career advancement. The executive team at this financial services firm provides exceptional strategic direction. This organization provides reliable pay and benefits but has limited innovation in processes.
Despite having team members, IT support is responsive and systems are user-friendly. Career goals are taken seriously here. Leadership training prepares high-potential employees for management roles.
My experience here has been stable. The resources available for professional growth are outstanding, from certifications to leadership programs. There’s room to explore side projects and propose changes. Problem-solving approaches are collaborative. Team-oriented culture fosters strong collaboration.

First Mid-Illinois Bank Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
1025 S 2nd St Monmouth Illinois IL 61462
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About First Mid-Illinois Bank
First Mid-Illinois Bank is a company that operates in the Financial Services industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in Monmouth, Illinois.

What Benefits Does First Mid-Illinois Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Mid-Illinois Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Peoria?

Understanding the cost of living near Peoria is key to truly evaluating a salary offer or your current compensation at First Mid-Illinois Bank.
Peoria's Cost of Living Index is approximately 78.2 (21.8% less expensive than US average; 16.6% less than IL average). Central IL city, very affordable housing. CityLink. When planning your budget based on a salary from First Mid-Illinois Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of First Mid-Illinois Bank salary. Location choices impact this heavily.
Utilities (Basic) $160 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (CityLink monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,960 - $3,170+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Mid-Illinois Bank

1. How much does First Mid-Illinois Bank in the United States pay?

First Mid-Illinois Bank pays its employees an average of $87,918 per year. The average salary at First Mid-Illinois Bank range from $77,074 to $99,697 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do First Mid-Illinois Bank employees get a higher salary than its peer company?

The salary at First Mid-Illinois Bank is lesser than its peer company. The average annual salary at First Mid-Illinois Bank is $87,918, or an hourly wage of $42, in comparison to calculator junky Inc which pays $105,607 per year or $51 per hour.

3. How much does salary increase with years of experience at First Mid-Illinois Bank?

Salary progression with years of experience at First Mid-Illinois Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at First Mid-Illinois Bank vary by office location?

Yes, it's very likely that salaries at First Mid-Illinois Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Peoria section provides more context.

5. Does First Mid-Illinois Bank offer good benefits?

First Mid-Illinois Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at First Mid-Illinois Bank" section on this page.