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Distressed Note Industry
Illinois Multifamily Real Estate
Analyzing multifamily real estate loan performance across 266 Illinois banks
As of Q3 2025, 266 Illinois banks report multifamily real estate portfolios totaling $22.6B. Non-performing loans in this category total $155.9M — an average NPL ratio of 0.69% — with $62.2M 30-89 days delinquent, $2.1M 90+ days delinquent, and $153.8M in nonaccrual status. The most distressed lender in this category is BANK OF BELLEVILLE (IL) with an NPL ratio of 23.49%.
Total Lenders
266
Total Loan Portfolio
$22.6B
Total NPL
$155.9M
Average NPL %
0.69%
Delinquency Breakdown
30-89 Days
$62.2M
90+ Days
$2.1M
Nonaccrual
$153.8M
Charge-offs
$6.3M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Multifamily Real Estate in Illinois
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| BANK OF BELLEVILLE | IL | $24.7M | $5.8M | 23.49% |
| TOMPKINS STATE BANK | IL | $4.6M | $999K | 21.80% |
| SOUTHERNTRUST BANK | IL | $9.3M | $2.0M | 21.46% |
| FARMERS STATE BANK & TRUST CO. | IL | $2.6M | $521K | 20.15% |
| MIDWEST NATIONAL BANK | IL | $2.4M | $333K | 13.91% |
| STATE BANK OF INDUSTRY | IL | $978K | $106K | 10.84% |
| STILLMAN BANCCORP, N.A. | IL | $14.6M | $1.4M | 9.32% |
| NORTH SIDE FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO | IL | $2.1M | $122K | 5.73% |
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Multifamily Real Estate in Other States
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