Waterman Bank

Overview / Commentary
248 W. Lincoln Hwy
Waterman, IL 60556

Waterman Bank is headquartered in Waterman and is the 298th largest bank in the state of Illinois. It is also the 4,073rd largest bank in the nation. It was established in 1908 and as of March of 2022, it had grown to 29 employees at 1 location. Waterman Bank's money market rates are 2X the national average, and it 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 Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10878
Year Established1908
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.61%
Return on Equity - YTD-3.48%
Annual Interest Income$696.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$93.1MM$69.7MM
LoansQ1 2022vs Q1 2021$49.6MM$45.0MM
DepositsQ1 2022vs Q1 2021$72.7MM$43.9MM
Equity CapitalQ1 2022vs Q1 2021$15.5MM$7.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$252.00K$132.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$603.00K$0
Real Estate OwnedQ1 2022vs Q1 2021$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 Bank Savings Account Rates

0.50%--High Yield Savings
0.50%--Kid Savings Account
0.25%$1-Christmas Club

Waterman Bank Money Market Rates

1.01%*$100k*-Money Market Account
OTHER TIERS: 0.25% $2.5k - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k | 0.55% $50k - $75k | 0.75% $75k - $100k

Waterman Bank Checking Account Rates

0.50%--Checking Account
0.25%--Business Checking

Waterman Bank CD Rates

1.26%--25 Month CD Special
1.11%--13 Month CD Special
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 Locations
Waterman State Bank244 W Lincoln HwyWaterman, IL 60556
Waterman Bank Branch1747 W. North AvenueChicago, IL 60622

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