IncredibleBank is headquartered in Wausau and is the 12th largest bank in the state of Wisconsin. It is also the 610th largest bank in the nation. It was established in 1967 and as of June of 2022, it had grown to 276 employees at 16 locations. IncredibleBank has a B+ health rating.
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.
|FDIC Certificate #||19772|
|Return on Assets - YTD||1.64%|
|Return on Equity - YTD||20.43%|
|Annual Interest Income||$34.7MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$1.78B$1.73B|
|Loans||Q2 2022vs Q2 2021||$1.28B$1.26B|
|Deposits||Q2 2022vs Q2 2021||$1.53B$1.50B|
|Equity Capital||Q2 2022vs Q2 2021||$131.4MM$149.2MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$12.8MM$12.2MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$2.1MM$5.0MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$629.00K|
Rates for IncredibleBank are currently being reviewed.