Morgan County, Illinois, a core county of the Springfield-Jacksonville-Lincoln, IL market, holds $1.0B in deposits across 11 insured institutions and 18 branches. Heartland Bank and Trust Company is the largest deposit holder at 26.8% share. The top three banks hold 56% of deposits, which places the county in the Moderate band. Deposits have grown 0.7% since 2021. It produced $1.5B of real gross domestic product in 2024, ranking #1,044 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 18 in 2021 to 18 in 2026. Institutions: 12 to 11. Top-three share: 59% to 56%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Heartland Bank and Trust Company | $272M | 26.8% | -16% |
| The Farmers State Bank and Trust Company | $180M | 17.7% | -15% |
| U.S. Bank | $112M | 11.0% | -13% |
| Prairie State Bank and Trust | $94M | 9.3% | +14% |
| Petefish, Skiles & Co. | $84M | 8.2% | +607% |
| Community State Bank | $82M | 8.1% | +27% |
| Bank of Springfield | $71M | 7.0% | -20% |
| The First National Bank of Arenzville | $69M | 6.7% | +73% |
| Peoples Bank & Trust | $39M | 3.8% | -17% |
| Eagle Valley Bank | $11M | 1.0% | +61% |
| Woodforest National Bank | $2M | 0.2% | +4% |
The 11 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Springfield-Jacksonville-Lincoln market
Morgan County is one of 6 counties that make up the Springfield-Jacksonville-Lincoln, IL market, a Combined Statistical Area (ranked #148 of 293 U.S. markets by economic output). It produces 9.1% of the market’s output and holds 8.1% of its deposits.
| Measure | Morgan County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.5B | 9.1% |
| Deposits | $1.0B | 8.1% |
| Population | 32,515 | 10.7% |
View the full Springfield-Jacksonville-Lincoln market profile →
Recruiting in Morgan County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Morgan County.
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