Waterman Bank


Overview / Commentary
815-264-3201
248 W. Lincoln Hwy
Waterman, IL 60556

Waterman Bank is headquartered in Waterman and is the 314th largest bank in the state of Illinois. It is also the 4,270th largest bank in the nation. It was established in 1908 and as of September of 2021, it had grown to 41 employees at 1 location. Waterman Bank has an A+ health rating.

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Health
A+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Waterman Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #10878
Year Established1908
Employees41
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.54%
Return on Equity - YTD16.29%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$81.3MM$62.3MM
LoansQ3 2021vs Q3 2020$37.9MM$45.6MM
DepositsQ3 2021vs Q3 2020$58.1MM$37.8MM
Equity CapitalQ3 2021vs Q3 2020$15.6MM$6.3MM
Loan Loss AllowanceQ3 2021vs Q3 2020$192.00K$72.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$0$0
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Waterman Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Waterman Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$10kWSB Rewards Savings
OTHER TIERS: 0.50% $10k+
0.25%$1-Christmas Club
0.05%$50-Regular Savings

Waterman Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k

Waterman Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kWSB Rewards Checking
OTHER TIERS: 0.50% $50k+

Waterman Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-48 Month CD
0.65%$1k-36 Month CD
0.60%$1k-30 Month CD
0.55%$1k-24 Month CD
0.50%$1k-18 Month CD
0.45%$1k-12 Month CD
0.35%$1k-182 Day CD
0.20%$1k-91 Day CD
0.15%$1k-7-31 Day CD

Waterman Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-36 Month IRA
0.65%$1k-24 Month IRA
0.50%$1k-12 Month IRA
Locations


Waterman Bank Locations
Waterman State Bank244 W Lincoln HwyWaterman, IL 60556

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