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Overview / Commentary
228 South Main Street
Waterloo, IL 62298

First National Bank of Waterloo is headquartered in Waterloo and is the 115st largest bank in the state of Illinois. It is also the 1,762nd largest bank in the nation. It was established in 1912 and as of March of 2014, it had grown to 82 employees at 6 locations. First National Bank of Waterloo has a B+ health rating.

Reviews (1)

Must Open Your Account Locally

Their procedures call for in person account opening at the bank.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First National Bank of Waterloo had $7.36 million in non-current loans and owned real-estate with $37.9 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Waterloo a Texas Ratio of 19.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First National Bank of Waterloo experienced no significant changes from 19.08% as of March 31, 2013 to 19.41% as of March 31, 2014, resulting in a negative change of 1.72%. This indicates that the balance sheet and financial strength for First National Bank of Waterloo has had no significant changes in recent periods.

Deposit Growth


In the past year, First National Bank of Waterloo has increased its total deposits by $11.44 million, resulting in 3.67% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First National Bank of Waterloo has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First National Bank of Waterloo has $374.92 million in assets with $37.9 million in equity, resulting in a capitalization level of 10.11%, which is above average.

Institution Statistics

FDIC Certificate #3842
Year Established1912
Primary RegulatorOCC
Assets and Liabilities
Assets$374.92 million
Loans$144.51 million
Deposits$323.34 million
Equity Capital$36.07 million
Loan Loss Allowance$1.83 million
Unbacked Noncurrent Loans$1.61 million
Real Estate Owned$5.75 million
Historic Data - March 2013
Assets$369.34 million
Equity Capital$37.07 million
Loan Loss Allowance$1.84 million
Unbacked Noncurrent Loans$1.61 million
Real Estate Owned$5.24 million
Profit Margin - Quarterly
Net Interest Margin2.74%
Return on Assets0.62%
Return on Equity6.55%
Interest Income$3.00 million

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First National Bank of Waterloo Savings Account Rates

0.55%$50-FNB Value Plus Savings
0.30%$50-FNB First Savings

First National Bank of Waterloo Money Market Rates

0.35%$50k-FNB Premier MMA

First National Bank of Waterloo Checking Account Rates

0.30%$25k-Value Plus Checking
0.30%$100-Classic 55 Checking
0.20%$100-FNB Business Check Plus

First National Bank of Waterloo CD Rates

1.46%$1k-60 Month CD
1.21%$1k-48 Month CD
0.90%$10k-34 Month CD Special
0.85%$1k-36 Month CD
0.60%$1k-24 Month CD
0.40%$10k-15 Month CD Special
0.35%$1k-12 Month CD
0.25%$1k-6 Month CD
0.15%$1k-3 Month CD

First National Bank of Waterloo IRA Rates

1.46%$1k-60 Month IRA
1.41%$250-18 Month Variable IRA
1.21%$1k-48 Month IRA
0.90%$10k-34 Month IRA Special
0.85%$1k-36 Month IRA
0.60%$1k-24 Month IRA
0.40%$10k-15 Month IRA Special
0.35%$1k-12 Month IRA
0.25%$1k-6 Month IRA
0.15%$1k-3 Month IRA

First National Bank of Waterloo Locations
O'fallon Banking Center Branch104 Regency Park DriveO Fallon, IL 62269
Columbia Branch1421 North Main StreetColumbia, IL 62236
First National Bank Of Waterloo228 South Main StreetWaterloo, IL 62298
Millstadt Branch645 East Washington StreetMillstadt, IL 62260
North Facility744 North MarketWaterloo, IL 62298
Waterloo Wal-Mart Bkg. Center Branch961 North Market StreetWaterloo, IL 62298