State Bank (Waterloo, IL) is headquartered in WATERLOO and is the 156th largest bank in the state of Illinois. It is also the 2,490th largest bank in the nation. It was established in 1894 and as of March of 2025, it had grown to 47 employees at 5 locations. State Bank (Waterloo, IL) has a B+ health rating.
Customer Service
The State Bank of Waterloo in Waterloo Illinois will take your money but will not give you a debit card! In my case their Shazam has stated on several occasions that my card was compromised. So the bank sends a card but after a couple times you cannot have another card. They charge $5 then refuse. My money sits in their bank unless I wrote a check (lol-who does that anymore) from a checkbook I have to pay for the checks!!! They are a cheap bank and very rude at this location. I guess they are going under like so many other banks. I wrote one last check and the is for the balance. I don’t need a bank that holds onto MY money like it is theirs!
Beware of this bank. They do not follow their on rules and probably does not follow FDIC rules either.
-Renny, former patron.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12706 |
| Year Established | 1894 |
| Employees | 47 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.13% |
| Return on Equity - YTD | 1.97% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $301.1MM$312.8MM |
| Loans | Q1 2025vs Q1 2024 | $174.4MM$179.8MM |
| Deposits | Q1 2025vs Q1 2024 | $255.9MM$240.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $19.5MM$17.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $2.4MM$2.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.8MM$3.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$81K |