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First National Bank of Waterloo


Overview / Commentary
www.fnbwaterloo.bank
618-939-6194
228 South Main Street
Waterloo, IL 62298

First National Bank of Waterloo is headquartered in Waterloo and is the 68th largest bank in the state of Illinois. It is also the 1,201st largest bank in the nation. It was established in 1912 and as of December of 2020, it had grown to 134 employees at 13 locations. First National Bank of Waterloo has an A health rating.

Reviews (2)

Must Open Your Account Locally

Posted by: |

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

3

Bank Elsewhere

Posted by: |

I strongly encourage anyone considering a bank to go anywhere but First National Bank of Waterloo. I would also encourage anyone banking with First National Bank of Waterloo to understand their ignorant and/or malicious policies. We recently had an unexpected family death. The spouse of the deceased was not notified of any account changes. First National Bank of Waterloo allowed money to go out of the account and did not allow money to go in. Again money was allowed out to pay bills but deposits were not allowed to come in. The spouse's own direct deposit from her current employer was denied deposit. On top of all of this, they never contacted her. They also took it upon themselves to deny social security without a death certificate. She found this out while looking at her online banking. When she went to the bank to discuss the issue, the First National Bank of Waterloo had the nerve to say they were trying to protect her. Yes, protect her, by not allowing any deposits, allowing money to be taken out and by not notifying her of their brilliant safeguards. Words cannot express my disappointment in First National Bank of Waterloo and their policies. I pray that anyone facing a similar tragedy does not have to experience this unnecessary stress.

1


Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3842
Year Established1912
Employees134
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.59%
Annual Interest Income$21.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$733.7MM$491.8MM
LoansQ4 2020vs Q4 2019$411.0MM$276.6MM
DepositsQ4 2020vs Q4 2019$605.2MM$394.8MM
Equity CapitalQ4 2020vs Q4 2019$68.3MM$55.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$4.3MM$3.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$3.1MM$1.9MM
Real Estate OwnedQ4 2020vs Q4 2019$183.00K$97.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank of Waterloo Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Health Savings Account
0.15%--FNB First Savings

First National Bank of Waterloo Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-FNB Premier MMA
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k

First National Bank of Waterloo Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Check Plus Checking
OTHER TIERS: 0.10% → Up to $2k | 0.15% → $2k - $10k | 0.20% → $10k - $25k
0.25%*$50k*-Classic 55 Checking
OTHER TIERS: 0.20% → Up to $50k
0.20%--FNB Business Check Plus
0.20%--FNB Non-Personal Check Plus

First National Bank of Waterloo CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$1k-60 Month CD
0.70%$1k-48 Month CD
0.60%$1k-36 Month CD
0.50%$10k-34 Month CD
0.45%$1k-24 Month CD
0.45%$1k-17 Month CD
0.35%$10k-15 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

First National Bank of Waterloo IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$250-18 Month Variable IRA
0.80%$1k-60 Month Fixed IRA
0.70%$1k-48 Month Fixed IRA
0.60%$1k-36 Month Fixed IRA
0.50%$10k-34 Month Fixed IRA
0.45%$1k-24 Month Fixed IRA
0.45%$1k-17 Month Fixed IRA
0.35%$10k-15 Month Fixed IRA
0.30%$1k-12 Month Fixed IRA
0.20%$1k-6 Month Fixed IRA
0.15%$1k-3 Month Fixed IRA
Locations

Availability



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