First National Bank of Waterloo

Overview / Commentary
228 South Main Street
Waterloo, IL 62298

First National Bank of Waterloo is headquartered in WATERLOO and is the 61st largest bank in the state of Illinois. It is also the 1,157th largest bank in the nation. It was established in 1912 and as of March of 2023, it had grown to 140 employees at 13 locations. First National Bank of Waterloo's CD rates are 5X the national average, and it has a B+ health rating.

Reviews (3)

Must Open Your Account Locally

Posted by: |

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

Horrible Terrible Bank

This bank has tellers mainly the red head named Rikki. who look up your address and view your house and talk about you when you leave. How much money you have or don’t have. It’s really embarrassing for clients if they only knew. Phil is really quick to shut his door when the tellers are being attacked verbally because he “cares so much for his employees”. It’s a really joke there. I’d steer so clear from them. They have people moving branches and leaving on a regular basis. People leave the banks for poor service. Isn’t that sad? I know. I worked at this crook of a place. No one has a CLUE what’s going on. It’s comical. They are all miserable up there. The red headed teller supervisor doesn’t want to work. They all lie. They are all dishonest. They all talk about one another and their customers! If you are a customer there, they have definitely invaded your privacy!?

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.


Health Grade Components

FDIC Certificate #3842
Year Established1912
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.75%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$833.9MM$802.1MM
LoansQ1 2023vs Q1 2022$482.1MM$403.4MM
DepositsQ1 2023vs Q1 2022$678.4MM$693.1MM
Equity CapitalQ1 2023vs Q1 2022$59.5MM$65.0MM
Loan Loss AllowanceQ1 2023vs Q1 2022$6.4MM$5.4MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.2MM$1.2MM
Real Estate OwnedQ1 2023vs Q1 2022$0$1.1MM
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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

0.10%--FNB First Savings
0.10%--Health Savings Account
0.10%--Christmas Club
0.10%--Vacation Club

First National Bank of Waterloo Money Market Rates

0.35%*$100k*-FNB Premier MMA
OTHER TIERS: 0.25% Up to $10k | 0.30% $10k - $100k
0.30%*$100k*-FNB Premier MMA - Business
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.25%*$100k*-FNB Premier MMA -Public Funds
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

First National Bank of Waterloo Checking Account Rates

0.15%*$50k*-Classic 55 Checking
OTHER TIERS: 0.10% Up to $50k
0.10%*$2k*-Check Plus Checking
OTHER TIERS: 0.05% Up to $2k
0.10%--FNB Business Check Plus
0.10%--FNB Non-Personal Check Plus

First National Bank of Waterloo CD Rates

4.32%$1k-6 Month CD
4.06%$1k-12 Month CD
3.29%$1k-17 Month CD
2.78%$1k-24 Month CD
2.78%$1k-34 Month CD
2.78%$1k-33 Month CD
2.52%$1k-36 Month CD
2.52%$1k-48 Month CD
2.52%$1k-60 Month CD
2.02%$1k-3 Month CD
1.26%$1k-15 Month CD

First National Bank of Waterloo IRA Rates

4.32%$1k-6 Month Fixed IRA
4.06%$1k-12 Month Fixed IRA
3.29%$1k-17 Month Fixed IRA
3.04%$250-18 Month Variable IRA
2.78%$1k-24 Month Fixed IRA
2.78%$1k-34 Month Fixed IRA
2.78%$1k-33 Month Fixed IRA
2.52%$1k-36 Month Fixed IRA
2.52%$1k-48 Month Fixed IRA
2.52%$1k-60 Month Fixed IRA
2.02%$1k-3 Month Fixed IRA
1.26%$1k-15 Month Fixed IRA


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