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First National Bank of Waterloo


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

First National Bank of Waterloo is headquartered in Waterloo and is the 83rd largest bank in the state of Illinois. It is also the 1,471st largest bank in the nation. It was established in 1912 and as of December of 2019, it had grown to 113 employees at 11 locations. First National Bank of Waterloo has a B+ health rating.

Reviews (2)

Must Open Your Account Locally

Posted by: |

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

2

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
B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3842
Year Established1912
Employees113
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD6.7%
Annual Interest Income$17.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$491.8MM$474.7MM
LoansQ4 2019vs Q4 2018$276.6MM$257.5MM
DepositsQ4 2019vs Q4 2018$394.8MM$406.3MM
Equity CapitalQ4 2019vs Q4 2018$55.0MM$51.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.5MM$3.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.9MM$1.6MM
Real Estate OwnedQ4 2019vs Q4 2018$97.00K$1.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank of Waterloo; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.30%--FNB First Savings
0.30%--Health Savings Account

First National Bank of Waterloo Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-FNB Premier MMA
OTHER TIERS: 0.20% → Up to $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k

First National Bank of Waterloo Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Check Plus Checking
OTHER TIERS: 0.10% → Up to $2k | 0.15% → $2k - $10k | 0.25% → $10k - $25k
0.30%--Classic 55 Checking
0.20%--FNB Business Check Plus
0.20%--FNB Non-Personal Check Plus

First National Bank of Waterloo CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.46%$1k-60 Month CD
1.21%$1k-48 Month CD
1.16%$2.5k-17 Month CD Special
1.00%$10k-34 Month CD
0.85%$1k-36 Month CD
0.60%$1k-24 Month CD
0.50%$10k-15 Month CD
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$250-18 Month Variable IRA
1.46%$1k-60 Month Fixed IRA
1.21%$1k-48 Month Fixed IRA
1.16%$2.5k-17 Month Fixed IRA Special
1.00%$10k-34 Month Fixed IRA
0.85%$1k-36 Month Fixed IRA
0.60%$1k-24 Month Fixed IRA
0.50%$10k-15 Month Fixed IRA
0.35%$1k-12 Month Fixed IRA
0.25%$1k-6 Month Fixed IRA
0.15%$1k-3 Month Fixed IRA
Locations

Availability



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