Washington Savings Bank

200 South Banker Street P O Box 707
Effingham , IL 62401
800.836.7173
www.washingtonsavings.net

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Washington Savings Bank is headquartered in Effingham and is the 170^th largest bank in the state of Illinois. It is also the 2,552^nd largest bank in the nation. It was established in 1883 and as of March of 2012, it had grown to 38 employees at 2 locations. Washington Savings Bank's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Washington Savings Bank Routing Number: 281271014

The New Type of Reward Checking/Savings Accounts? - 5/3/2010

Washington Savings Bank has a new type of reward checking and savings account that's better than the typical type of bank checking and savings accounts, but they're not as good as the high-yield rewa ...

Free Netbook Checking Account Promo at Washington Savings Bank - MA & NH Residents Only - 5/3/2010

Washington Savings Bank has some interesting deposit deals. First, it has a checking account promotion in which you can earn a free wireless netbook. Here's the promo page link with the deal listed a ...

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See Rates for: Checking | Savings | CD | IRA

Washington Savings Bank Checking Account Rates

Apy	Min	Max	Product
2.02%	-	$25k	Go Green Checking
0.75%	$100k	-	Super NOW Checking

Washington Savings Bank Savings Account Rates

Apy	Min	Max	Product
1.00%	$10k	-	Health Savings Accounts
0.80%	$100k	-	Tiered Statement Savings
0.75%	$100k	-	Commercial Statement Savings
0.60%	-	-	Christmas Club Account
0.25%	-	-	Passbook Savings
0.25%	-	-	Kid's Club

Washington Savings Bank CD Rates

Apy	Min	Max	Product
1.90%	$1k	-	84 Month CD
1.70%	$1k	-	60 Month CD
1.55%	$1k	-	48 Month CD
1.10%	$1k	-	30 Month CD
1.10%	$2,500	-	36 Month CD
0.90%	$1k	-	24 Month CD
0.85%	$2,500	-	20 Month CD
0.70%	$2,500	-	15 Month CD
0.70%	$1k	-	18 Month CD
0.65%	$1k	-	12 Month CD
0.60%	$2,500	-	10 Month CD
0.30%	$2,500	-	182 Day CD
0.25%	$2,500	-	91 Day CD

Washington Savings Bank IRA Rates

Apy	Min	Max	Product
1.70%	$1k	-	60 Month Fixed Rate IRA
1.10%	$2,500	-	36 Month Bump Roth IRA
1.10%	$1k	-	30 Month Fixed Rate IRA
1.10%	$2,500	-	36 Month Bump IRA
0.90%	$1k	-	24 Month Fixed Rate Roth IRA
0.90%	$1k	-	24 Month Fixed Rate IRA
0.75%	$100	-	18 Month Variable Rate Roth IRA
0.75%	$100	-	18 Month Variable Rate IRA
0.70%	$2,500	-	15 Month Fixed Rate Roth IRA
0.70%	$2,500	-	15 Month Fixed Rate IRA
0.70%	$1k	-	18 Month Fixed Rate IRA
0.65%	$1k	-	12 Month Fixed Rate Roth IRA
0.65%	$1k	-	12 Month Fixed Rate IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Washington Savings Bank
FDIC Certificate #	29227
BankRate Report	View
Year Established	1883
Employees	38
Primary Regulator	FDIC
Assets and Liabilities
Assets	$252.43 million
Loans	$141.67 million
Deposits	$217.01 million
Equity Capital	$28.39 million
Loan Loss Allowance	$1.02 million
Unbacked Noncurrent Loans	$2.03 million
Real Estate Owned	$146,000
Historic Data - March 2011
Assets	$236.75 million
Equity Capital	$26.40 million
Loan Loss Allowance	$845,000
Unbacked Noncurrent Loans	$874,000
Real Estate Owned	$102,000
Profit Margin - Quarterly
Net Interest Margin	2.7%
Return on Assets	0.67%
Return on Equity	5.97%
Interest Income	$2.25 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Washington Savings Bank had $2.17 million in non-current loans and owned real-estate with $29.41 million in equity and loan loss allowances on hand to cover it. This gives Washington Savings Bank a Texas Ratio of 7.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Washington Savings Bank held steady from 3.58% as of March 31, 2011 to 7.39% as of March 31, 2012, resulting in a negative change of 106.15%. This indicates that the balance sheet and financial strength for Washington Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Washington Savings Bank has increased its total deposits by $15.63 million, resulting in 7.76% 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 Washington Savings Bank has shown is excellent.
Capitalization
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. Washington Savings Bank has $252.43 million in assets with $29.41 million in equity, resulting in a capitalization level of 11.65%, which is above average.