IncredibleBank is headquartered in Wausau and is the 14th largest bank in the state of Wisconsin. It is also the 597th largest bank in the nation. It was established in 1967 and as of September of 2019, it had grown to 251 employees at 18 locations. IncredibleBank's money market rates are 4X the national average, and it has a B+ health rating.
Interest Rates
Overall, I have been satisfied with Incredible bank, especially with the account representatives that I have talked to. My main source of disappointment has been that they do not pay accrued interest if you close the account in the middle of the month. This is mentioned on their website so shame on me for not taking it into account when considered opening the account. Several of their competitors do pay accrued interest and pay higher interest rates as well. I would recommend looking elsewhere for a bank.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19772 |
| Year Established | 1967 |
| Employees | 251 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.52% |
| Return on Equity - YTD | 16.36% |
| Annual Interest Income | $47.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.38B$1.32B |
| Loans | Q3 2019vs Q3 2018 | $1.04B$998.2MM |
| Deposits | Q3 2019vs Q3 2018 | $1.14B$1.17B |
| Equity Capital | Q3 2019vs Q3 2018 | $133.4MM$117.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $7.8MM$6.9MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $5.8MM$2.7MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $3.3MM$9.8MM |
