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Waterman State Bank


Overview / Commentary
www.watermanbank.com
815-264-3201
244 West Lincoln Street
Waterman, IL 60556

Waterman State Bank is headquartered in Waterman and is the 393rd largest bank in the state of Illinois. It is also the 5,050th largest bank in the nation. It was established in 1908 and as of September of 2019, it had grown to 4 employees at 1 location. Waterman State Bank's CD rates are 28% higher than the national average, and it has a B health rating.

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Health
B

Data as of Q3 2019

Learn why bank health matters
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 low asset base.

Health Grade Components

Overall
FDIC Certificate #10878
Year Established1908
Employees4
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.51%
Annual Interest Income$933.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$33.6MM$34.2MM
LoansQ3 2019vs Q3 2018$15.4MM$16.9MM
DepositsQ3 2019vs Q3 2018$26.3MM$28.4MM
Equity CapitalQ3 2019vs Q3 2018$3.7MM$3.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$198.00K$263.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$0$53.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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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

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

Waterman State 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 State Bank Checking Account Rates

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

Waterman State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$5k-25 Month CD Special
1.75%$1k-48 Month CD
1.75%$5k-11 Month CD Special
1.65%$1k-36 Month CD
1.40%$1k-30 Month CD
1.30%$1k-24 Month CD
1.25%$1k-18 Month CD
1.15%$1k-12 Month CD
0.75%$1k-182 Day CD
0.40%$1k-91 Day CD
0.23%$1k-7-31 Day CD

Waterman State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-36 Month IRA
2.00%$1k-24 Month IRA
1.75%$1k-12 Month IRA
Locations


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

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