State Bank


885 N Illinois Route 3
Waterloo, IL 62298
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

State Bank is an FDIC insured institution located in Waterloo, IL. It was founded in 1894 and has approximately $0.31 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 12706
Date Established 1894
Assets $ 312.83 million
Loans $ 179.76 million
Deposits $ 240.38 million
Capital $ 17.91 million

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

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Cash Rewards 1.75% $0 $0.00 Learn MoreShow Less

Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for State Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

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Featured - Virginia Home Equity Line Of Credit Rates 2024

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Third Federal Savings and Loan
Third Federal Savings and Loan
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7.990 %
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More Info

Note to State Bank
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State Bank 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:

State Bank Locations around zip code 20146

BranchDistance Map View Lobby Hours

Waterloo Branch

672.56 A View Lobby Hours

State Bank Of Waterloo

672.77 B View Lobby Hours

Valmeyer Branch

679.63 C View Lobby Hours

Climate Policy and Initiatives

State Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

State Bank Ratio Analysis

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

Texas Ratio
State Bank U.S. Bank Average
17.89% 4.29%

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 March 31, 2024, State Bank had $3,609,000 in non-current loans and $81,000 in owned real estate. To cover these potential losses it had $17,907,000 in equity and $2,719,000 in loans loss reserves. That gives it a Texas Ratio of 17.89%.

Return on Equity
State Bank U.S. Bank Average
2.2% 10.46%

State Bank has a Return on Equity of 2.2% versus the BestCashCow average of 10.46%. 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.

State Bank U.S. Bank Average
5.72% 10.73%

State Bank has a Capitalization of 5.72% versus the BestCashCow average of 10.73. 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.

State Bank Balance Sheet Analysis

As of March 31, 2024, State Bank had assets of $312,829,000, loans of $179,760,000, and deposits of $240,377,000. 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

March 31, 2024
Cash & Balances due from depository institutions $ 37.41 million
Interest-bearing balances $ 32.81 million
Total securities $ 79.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 179.76 million
Loan loss allowance $ 2.72 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles N.A.
All other assets $ 8.84 million
     Total Assets $ 294.92 million
Total deposits $ 240.38 million
      Interest-bearing deposits $ 207.68 million
      Deposits held in domestic offices $ 240.38 million
      % insured (estimated) 90.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 37.50 million
Subordinated debt N.A.
All other liabilities $ 0.30 million
      Total Liabilities $ 294.92 million
      Shareholders’ Equity $ 17.91 million

Summary Income Statement

March 31, 2024
Total Interest Income $ 3.38 million
Total Interest Expense $ 1.71 million
Net interest income $ 1.67 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.27 million
Total non interest expense $ 1.84 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Illinois, State Bank has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.59
Credit Card Loans 0.00
Consumer Auto Loans 0.93
Small Business Loans 0.00
Construction and Development Loans 5.40
Commercial Real Estate 45.02
Commercial and Industrial Loans 7.00
Farm Loans 0.17

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