Waterman State Bank

Overview / Commentary

www.watermanbank.com

815-264-3201

244 W. Lincoln St.
Waterman, IL 60556

Waterman State Bank is headquartered in Waterman and is the 323^rd largest bank in the state of Illinois. It is also the 4,341^st largest bank in the nation. It was established in 1908 and as of June of 2021, it had grown to 39 employees at 1 location. Waterman State Bank has an A+ health rating.

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Health

A+

Data as of Q2 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 State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	10878
Year Established	1908
Employees	39
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	3.44%
Return on Equity - YTD	24.22%
Annual Interest Income	$929.00K

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$77.7MM$62.8MM
Loans	Q2 2021vs Q2 2020	$43.8MM$32.4MM
Deposits	Q2 2021vs Q2 2020	$48.5MM$37.3MM
Equity Capital	Q2 2021vs Q2 2020	$15.4MM$5.9MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$162.00K$42.00K
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$0$0
Real Estate Owned	Q2 2021vs Q2 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 State 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 State 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 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

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

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