Waterman Bank

Overview / Commentary

www.watermanbank.com

815-264-3201

248 W. Lincoln Hwy
Waterman, IL 60556

Waterman Bank is headquartered in Waterman and is the 298^th largest bank in the state of Illinois. It is also the 4,073^rd 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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Health

Data as of Q1 2022

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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

Overall
FDIC Certificate #	10878
Year Established	1908
Employees	29
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.61%
Return on Equity - YTD	-3.48%
Annual Interest Income	$696.00K

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$93.1MM$69.7MM
Loans	Q1 2022vs Q1 2021	$49.6MM$45.0MM
Deposits	Q1 2022vs Q1 2021	$72.7MM$43.9MM
Equity Capital	Q1 2022vs Q1 2021	$15.5MM$7.4MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$252.00K$132.00K
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$603.00K$0
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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Savings
Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	High Yield Savings
0.50%	-	-	Kid Savings Account
0.25%	$1	-	Christmas Club

Waterman Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	-	-	Checking Account
0.25%	-	-	Business Checking

Waterman Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Waterman Bank Locations
Waterman State Bank	244 W Lincoln Hwy	Waterman, IL 60556
Waterman Bank Branch	1747 W. North Avenue	Chicago, IL 60622

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