Waterman State Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	Reward Checking	WSB Rewards Checking 1.95% - National Average
0.75%	Reward Savings	WSB Rewards Savings 0.87% - National Average
1.05%	1-year CD	12 Month CD 2.45% - Synchrony Bank 14 Month CD Special

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 418^th largest bank in the state of Illinois. It is also the 5,369^th largest bank in the nation. It was established in 1908 and as of March of 2018, it had grown to 7 employees at 1 location. Waterman State Bank's CD rates are 17% higher than the national average, but it has a C- health rating.

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Health

C-

Data as of Q1 2018

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 Established	1908
Employees	7
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.51%
Return on Equity - YTD	-6.18%
Annual Interest Income	$292.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$34.1MM$38.4MM
Loans	Q1 2018vs Q1 2017	$15.5MM$15.7MM
Deposits	Q1 2018vs Q1 2017	$28.3MM$31.7MM
Equity Capital	Q1 2018vs Q1 2017	$2.8MM$3.1MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$444.00K$608.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$665.00K$163.00K
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	-	$10k	WSB Rewards Savings
OTHER TIERS: 0.50% → $10k+
0.25%	-	-	Christmas Club
0.05%	$50	-	Regular Savings

Waterman State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

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

Waterman State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$1k	-	41 Month CD Special
2.10%	$1k	-	48 Month CD
1.85%	$5k	-	22 Month CD Special
1.75%	$1k	-	36 Month CD
1.60%	$1k	-	30 Month CD
1.50%	$1k	-	24 Month CD
1.25%	$1k	-	18 Month CD
1.05%	$1k	-	12 Month CD
0.60%	$1k	-	182 Day CD
0.40%	$1k	-	91 Day CD
0.23%	$1k	-	7-31 Day CD

Waterman State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.99%	$1k	-	36 Month IRA
1.75%	$1k	-	24 Month IRA
1.40%	$1k	-	12 Month IRA

Locations

Waterman State Bank Locations
Waterman State Bank	244 West Lincoln Street	Waterman, IL 60556

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