IncredibleBank is headquartered in Wausau and is the 13th largest bank in the state of Wisconsin. It is also the 607th largest bank in the nation. It was established in 1967 and as of March of 2022, it had grown to 256 employees at 16 locations. IncredibleBank's money market rates are 59% higher than the national average, and it 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.
Overall | |
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FDIC Certificate # | 19772 |
Year Established | 1967 |
Employees | 256 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.94% |
Return on Equity - YTD | 23.26% |
Annual Interest Income | $17.1MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $1.77B$1.75B |
Loans | Q1 2022vs Q1 2021 | $1.25B$1.29B |
Deposits | Q1 2022vs Q1 2021 | $1.54B$1.50B |
Equity Capital | Q1 2022vs Q1 2021 | $141.8MM$145.0MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $12.6MM$11.5MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $2.8MM$5.1MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | IncredibleBank Checking Plus |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $1k | - | 60 Month CD | |
0.45% | $1k | - | 36 Month CD | |
0.25% | $1k | - | 24 Month CD | |
0.15% | $1k | - | 12 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $1k | - | 60 Month IRA | |
0.45% | $1k | - | 36 Month IRA | |
0.25% | $1k | - | 24 Month IRA | |
0.15% | $1k | - | 12 Month IRA |