Waterman State Bank

Overview / Commentary
248 West Lincoln Street
Waterman, IL 60556

Waterman State Bank is headquartered in Waterman and is the 330th largest bank in the state of Illinois. It is also the 4,454th largest bank in the nation. It was established in 1908 and as of March of 2021, it had grown to 40 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 - YTD3.76%
Return on Equity - YTD35.3%
Annual Interest Income$412.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$69.4MM$41.7MM
LoansQ1 2021vs Q1 2020$45.0MM$16.2MM
DepositsQ1 2021vs Q1 2020$43.9MM$35.0MM
Equity CapitalQ1 2021vs Q1 2020$7.2MM$4.9MM
Loan Loss AllowanceQ1 2021vs Q1 2020$132.00K$6.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$0$0
Real Estate OwnedQ1 2021vs Q1 2020$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
OTHER TIERS: 0.50% $10k+
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
OTHER TIERS: 0.50% $50k+

Waterman State Bank CD Rates

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 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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