Overview / Commentary
Waterman State Bank is headquartered in Waterman and is the 393rd largest bank in the state of Illinois. It is also the 5,105th largest bank in the nation. It was established in 1908 and as of June of 2019, it had grown to 5 employees at 1 location. Waterman State Bank's CD rates are 28% higher than the national average, and it has a B health rating.
Health
B
Data as of Q2 2019
Learn why bank health mattersAdditional 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 | 5 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 3.13% |
| Annual Interest Income | $627.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $32.4MM$35.5MM |
| Loans | Q2 2019vs Q2 2018 | $15.7MM$16.9MM |
| Deposits | Q2 2019vs Q2 2018 | $25.0MM$30.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.6MM$3.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $199.00K$242.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $0$55.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | - | $10k | WSB Rewards Savings | ||
| OTHER TIERS: 0.50% → $10k+ | |||||
| 0.25% | $1 | - | 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% → $2.5k - $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
Waterman State Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $1k | - | 36 Month IRA | |
| 2.00% | $1k | - | 24 Month IRA | |
| 1.75% | $1k | - | 12 Month IRA |
Locations
| Waterman State Bank Locations | ||
|---|---|---|
| Waterman State Bank | 244 West Lincoln Street | Waterman, IL 60556 |