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  2. Waterman State Bank

Waterman State Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%Reward CheckingKasasa Cash
1.82% - National Average
0.75%Reward SavingsKasasa Saver
0.81% - National Average
0.30%1-year CD12 Months CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
View all Waterman State Bank rates »

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

Waterman State Bank is headquartered in Waterman and is the 425th largest bank in the state of Illinois. It is also the 5,516th largest bank in the nation. It was established in 1908 and as of March of 2017, it had grown to 6 employees at 1 location. Waterman State Bank has a B health rating.

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Health
B

Data as of Q1 2017

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
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.3%
Annual Interest Income$299.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$38.4MM$40.8MM
LoansQ1 2017vs Q1 2016$15.7MM$18.4MM
DepositsQ1 2017vs Q1 2016$31.7MM$32.5MM
Equity CapitalQ1 2017vs Q1 2016$3.1MM$3.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$608.00K$288.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$163.00K$256.00K
Real Estate OwnedQ1 2017vs Q1 2016$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%*-$10kKasasa Saver
OTHER TIERS: 0.50% → $10k+
0.25%--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% → $2,500 - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k

Waterman State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Cash
OTHER TIERS: 0.50% → $50k+

Waterman State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$5k-44 Month CD Special
0.90%$1k-48 Months CD
0.90%$5k-21 Month CD Special
0.75%$1k-36 Months CD
0.50%$1k-30 Months CD
0.45%$1k-24 Months CD
0.40%$1k-18 Months CD
0.30%$1k-12 Months CD
0.20%$1k-182 Days CD
0.10%$1k-91 Days CD
0.07%$1k-7-31 Days CD

Waterman State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$1k-36 Months IRA
0.75%$1k-24 Months IRA
0.45%$1k-12 Months IRA
Locations


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