Bank
Better Banks
Better Banks is a locally-owned community bank serving Central Illinois communities around Peoria, focusing on FDIC-insured deposit accounts and a variety of personal and mortgage loans to support everyday banking needs for individuals and small businesses.
Key Statistics
As of June 2026, public records show Better Banks has originated approximately $41.3M in loan volume over the past 12 months, with an average loan size of $160k.
Volume (12mo)
$41.3M
Avg Loan Size
$160k
Total Mortgages
2,856
Total Borrowers
116
Lending Entities
Better Banks funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
2,843 mortgages recorded
+2 more entities not shown
Geography
Better Banks's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 210
Volume (12mo): $39.8M
Total Volume: $436.4M
Mortgages (12mo): 2
Volume (12mo): $1.3M
Total Volume: $2.3M
Mortgages (12mo): 1
Volume (12mo): $214k
Total Volume: $617k
Top Borrowers
The following individuals have the most recorded mortgage transactions with Better Banks. Click on a borrower to view their full investor profile.
+113 more borrowers not shown
FAQ
What type of lender is Better Banks?
Better Banks is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (9%) and personal loans in their portfolio.
What entities does Better Banks fund loans under?
Better Banks originates mortgages through 3 different lending entities. The most common include Better Banks. These are the legal entity names that appear on recorded mortgage documents.
Where is Better Banks most active?
Based on recorded mortgages, Better Banks is most active in Illinois, Missouri, and Indiana.
How many loans has Better Banks originated?
Public records show 2,856 mortgages recorded for Better Banks, with $41.3M in volume over the past 12 months.
What is the average loan size for Better Banks?
The average mortgage size for Better Banks is $160k based on all recorded mortgages.
Does Better Banks offer short-term loans?
Better Banks primarily offers long-term financing, with only 12% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.