First National Bank of Waterloo

228 South Main Street
Waterloo, IL 62298

Notable Rates APY Vs.Others
Savings 0.30% 1.90% →
1-Year CD 0.35% 1.90% →
2-Year CD 0.60% 1.95% →
5-Year CD 1.46% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

First National Bank of Waterloo is an FDIC insured institution located in Waterloo, IL. It was founded in 1912 and has approximately $0.49 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 3842
Date Established 1912
Assets $0.49 billion
Loans $0.28 billion
Deposits $0.39 billion
Capital $0.05 billion
 

For a more detailed analysis of First National Bank of Waterloo's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.10% $1 $1,999 Learn MoreShow Less
0.15% $2,000 $9,999 Learn MoreShow Less

Loan Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank of Waterloo

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First National Bank of Waterloo
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Branches

First National Bank of Waterloo branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First National Bank of Waterloo Locations


Financial Details

First National Bank of Waterloo Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of Waterloo. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First National Bank of Waterloo U.S. Bank Average
3.38% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, First National Bank of Waterloo had $1,878,000 in non-current loans and $97,000 in owned real estate. To cover these potential losses it had $54,963,000 in equity and $3,473,000 in loans loss reserves. That gives it a Texas Ratio of 3.38%.

Return on Equity
First National Bank of Waterloo U.S. Bank Average
6.7% 9.41%

First National Bank of Waterloo has a Return on Equity of 6.7% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First National Bank of Waterloo U.S. Bank Average
11.18% 12.82%

First National Bank of Waterloo has a Capitalization of 11.18% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First National Bank of Waterloo Balance Sheet Analysis

As of December 31, 2019, First National Bank of Waterloo had assets of $491,832,000, loans of $276,594,000, and deposits of $394,814,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.16 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.28 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.44 billion
LIABILITIES
Total deposits $0.39 billion
      Interest-bearing deposits $0.33 billion
      Deposits held in domestic offices $0.39 billion
      % insured (estimated) 88.06%
Federal funds purchased and repurchase agreements $0.04 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.44 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in First National Bank of Waterloo’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Illinois, First National Bank of Waterloo has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.79
Multifamily
Mortgages
3.51
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 12.15
Construction and Development Loans 8.70
Commercial Real Estate 37.84
Commercial and Industrial Loans 7.20
Farm Loans 0.31

Frequently Asked Questions About First National Bank Of Waterloo

Branches and Savings

Is First National Bank Of Waterloo FDIC insured?

Yes. It is covered under FDIC Certificate #3842.

Why does First National Bank Of Waterloo pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First National Bank Of Waterloo CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First National Bank Of Waterloo a commercial bank?

Yes

Where are First National Bank Of Waterloo locations?

See branch locations nearby.

Is First National Bank Of Waterloo open on Saturdays?

Is First National Bank Of Waterloo open on Sundays?

What time does First National Bank Of Waterloo open?

What time does First National Bank Of Waterloo close?

Are First National Bank Of Waterloo ATMs Open 24/7?

Do First National Bank Of Waterloo ATMs accept cash deposits?

Can First National Bank Of Waterloo customers use other ATMs?

Do First National Bank Of Waterloo branches have notaries?

Will First National Bank Of Waterloo notarize my document?

What address for First National Bank Of Waterloo should I put for incoming ACH transfers?

Will the First National Bank Of Waterloo branch print checks?

Do First National Bank Of Waterloo checks expire?

Does First National Bank Of Waterloo require US citizenship to open account?

Can First National Bank Of Waterloo close my account?

Does First National Bank Of Waterloo Report to credit bureaus?

Does First National Bank Of Waterloo Use Equifax?

What is First National Bank Of Waterloo's ACH Routing Number?

What is First National Bank Of Waterloo's SWIFT code?

Products

Does First National Bank Of Waterloo offer mortgages?

Compare mortgage rates here.

Does First National Bank Of Waterloo offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank Of Waterloo offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Waterloo offer student loans?

Will First National Bank Of Waterloo cash a check?

Will First National Bank Of Waterloo redeem a savings bond?

Does First National Bank Of Waterloo cash savings bonds?

Will First National Bank Of Waterloo cash money orders?

Can First National Bank Of Waterloo issue a money order?

Does First National Bank Of Waterloo do currency exchange?

Background on The Bank

Who owns First National Bank Of Waterloo?

How long has First National Bank Of Waterloo been around?

Can First National Bank Of Waterloo transfer to other banks?

Does First National Bank Of Waterloo have quick pay?

Does First National Bank Of Waterloo accept rolled coins?

Will First National Bank Of Waterloo accept loose change?

Where is First National Bank Of Waterloo headquarters?

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