IncredibleBank is headquartered in Wausau and is the 12th largest bank in the state of Wisconsin. It is also the 601st largest bank in the nation. It was established in 1967 and as of December of 2020, it had grown to 257 employees at 18 locations. IncredibleBank's money market rates are 41% higher than the national average, and it has an A 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 Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19772 |
| Year Established | 1967 |
| Employees | 257 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.72% |
| Return on Equity - YTD | 19.5% |
| Annual Interest Income | $68.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $1.65B$1.40B |
| Loans | Q4 2020vs Q4 2019 | $1.27B$1.05B |
| Deposits | Q4 2020vs Q4 2019 | $1.39B$1.15B |
| Equity Capital | Q4 2020vs Q4 2019 | $146.6MM$134.4MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $11.3MM$7.8MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $5.5MM$5.8MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $2.0MM$3.4MM |
