First National Bank of Waterloo


Overview / Commentary
618-939-6194
228 South Main Street
Waterloo, IL 62298

First National Bank of Waterloo is headquartered in Waterloo and is the 86th largest bank in the state of Illinois. It is also the 1,470th largest bank in the nation. It was established in 1912 and as of June of 2019, it had grown to 105 employees at 11 locations. First National Bank of Waterloo has a B+ health rating.

Reviews (2)

Must Open Your Account Locally

Posted by: Anon456 | Jun 19, 2013

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

Bank Elsewhere

Posted by: mooreja | Jun 19, 2017

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #3842
Year Established1912
Employees105
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.37%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$488.1MM$466.5MM
LoansQ2 2019vs Q2 2018$266.0MM$229.3MM
DepositsQ2 2019vs Q2 2018$398.2MM$400.9MM
Equity CapitalQ2 2019vs Q2 2018$54.7MM$49.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$3.3MM$2.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.5MM$1.4MM
Real Estate OwnedQ2 2019vs Q2 2018$1.4MM$1.5MM
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%$50-FNB First Savings
0.30%$50-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%$100-FNB Business Check Plus
0.20%$100-FNB Non-Personal Check Plus

First National Bank of Waterloo CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$2.5k-17 Month CD Special
1.46%$1k-60 Month CD
1.21%$1k-48 Month CD
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
2.53%$250-18 Month Variable IRA
Locations

Availability



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