Waterman State Bank

Overview / Commentary
248 West Lincoln Street
Waterman, IL 60556

Waterman State Bank is headquartered in Waterman and is the 341st largest bank in the state of Illinois. It is also the 4,542nd largest bank in the nation. It was established in 1908 and as of December of 2020, it had grown to 42 employees at 1 location. Waterman State Bank has an A health rating.


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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 State Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10878
Year Established1908
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.77%
Return on Equity - YTD16.92%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$60.7MM$33.7MM
LoansQ4 2020vs Q4 2019$36.5MM$16.3MM
DepositsQ4 2020vs Q4 2019$39.0MM$28.3MM
Equity CapitalQ4 2020vs Q4 2019$6.6MM$3.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$102.00K$198.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$0$0
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Waterman State Bank Savings Account Rates

0.75%-$10kWSB Rewards Savings
0.25%$1-Christmas Club
0.05%$50-Regular Savings

Waterman State Bank Money Market Rates

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

Waterman State Bank Checking Account Rates

1.00%-$50kWSB Rewards Checking

Waterman State Bank CD Rates

0.99%$5k-28 Month CD Special
0.70%$1k-48 Month CD
0.65%$1k-36 Month CD
0.60%$1k-30 Month CD
0.59%$5k-15 Month CD Special
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 State Bank IRA Rates

0.75%$1k-36 Month IRA
0.65%$1k-24 Month IRA
0.50%$1k-12 Month IRA

Waterman State Bank Locations
Waterman State Bank244 West Lincoln StreetWaterman, IL 60556

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