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 314^th largest bank in the state of Illinois. It is also the 4,270^th largest bank in the nation. It was established in 1908 and as of September of 2021, it had grown to 41 employees at 1 location. Waterman Bank has an A+ health rating.

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Health

A+

Data as of Q3 2021

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 Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	10878
Year Established	1908
Employees	41
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.54%
Return on Equity - YTD	16.29%
Annual Interest Income	$1.5MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$81.3MM$62.3MM
Loans	Q3 2021vs Q3 2020	$37.9MM$45.6MM
Deposits	Q3 2021vs Q3 2020	$58.1MM$37.8MM
Equity Capital	Q3 2021vs Q3 2020	$15.6MM$6.3MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$192.00K$72.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$0$0
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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
0.75%^*	-	$10k	WSB Rewards Savings
OTHER TIERS: 0.50% → $10k+
0.25%	$1	-	Christmas Club
0.05%	$50	-	Regular Savings

Waterman Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → $2.5k - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k

Waterman Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%^*	-	$50k	WSB Rewards Checking
OTHER TIERS: 0.50% → $50k+

Waterman Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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 IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$1k	-	36 Month IRA
0.65%	$1k	-	24 Month IRA
0.50%	$1k	-	12 Month IRA

Locations

Waterman Bank Locations
Waterman State Bank	244 W Lincoln Hwy	Waterman, IL 60556

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