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Waterman Bank


Waterman Bank is an FDIC insured institution headquartered at 248 W Lincoln Hwy, Waterman, IL 60556.
It was founded in 1908 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - December 12, 2025

SAVINGS RATES APY MIN
SAV
4.08% $0 Compare
CD RATES APY MIN
8 Mo CD
4.75% $0 Compare
13 Mo CD
5.01% $0 Compare
19 Mo CD
4.25% $0 Compare
MM RATES APY MIN
Money Market
4.07% $0 Compare
INT CHECKING RATES APY MIN
INTCK
0.75% $0

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10878
Date Established 1908
Assets $ 163.60 million
Loans $ 110.10 million
Deposits $ 135.86 million
Capital $ 24.82 million

Summary Balance Sheet as of June 30, 2025

ASSETS
Cash & Balances due from depository institutions $ 34.28 million
Interest-bearing balances $ 33.23 million
Total securities $ 9.84 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 110.10 million
Loan loss allowance $ 0.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.66 million
All other assets $ 1.95 million
     Total Assets $ 138.77 million

LIABILITIES
Total deposits $ 135.86 million
      Interest-bearing deposits $ 129.65 million
      Deposits held in domestic offices $ 135.86 million
      % insured (estimated)" 71.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.90 million
Subordinated debt N.A.
All other liabilities $ 0.56 millionn
      Total Liabilities $ 138.77 million
      Shareholders’ Equity $ 24.82 million

Summary Income Statement as of June 30, 2025

INCOME AND EXPENSES
Total Interest Income $ 5.45 million
Total Interest Expense $ 2.06 million
Net interest income $ 3.39 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.83 million
Total non interest expense $ 3.71 million
Pre-tax Net Operating Income $ 0.20 million

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Branches

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Waterman Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only."

  • 1
    LOCAL SAVINGS
    Waterman Bank
    Bank
    -
    $50,000
    N.A.
    4.08%
    18.05x (National Avg. - 0.23%)
    $0
    -
    SCENARIO
    Year Rate
    4.08%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,040 1,428
    2 52,040 2,123 1,486
    3 54,163 2,210 1,547
    4 56,373 2,300 1,610
    5 58,673 2,394 1,676
    6 61,067 2,492 1,744
    7 63,559 2,593 1,815
    8 66,152 2,699 1,889
    9 68,851 2,809 1,966
    10 71,660 2,924 2,047
    11 74,584 3,043 2,130
    12 77,627 3,167 2,217
    13 80,794 3,296 2,307
    14 84,090 3,431 2,402
    15 87,521 3,571 2,500
    16 91,092 3,717 2,602
    17 94,808 3,868 2,708
    18 98,677 4,026 2,818
    19 102,703 4,190 2,933
    20 106,893 4,361 3,053
    TOTAL $61,254 $42,878
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689


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