State Bank of Waterloo

Headquarters

855 North Illinois Route 3
Waterloo, IL 62298
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD 1.15% 1.26% →
5-Year CD 1.60% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

State Bank of Waterloo is an FDIC insured institution located in Waterloo, IL. It was founded in 1894 and has approximately $0.2 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 12706
Date Established 1894
Assets $ 195.65 million
Loans $ 127.67 million
Deposits $ 150.99 million
Capital $ 16.02 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $1 - Learn More
Money Market
0.20% $1 $9,999 Learn More
Money Market
0.28% $10,000 $24,999 Learn More
Money Market
0.33% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 - Learn More
6 Mo CD
0.40% $1,000 - Learn More
12 Mo CD
0.60% $1,000 - Learn More
18 Mo CD
1.45% $1,000 - Learn More
24 Mo CD
1.15% $1,000 - Learn More
36 Mo CD
1.26% $1,000 - Learn More
48 Mo CD
1.50% $1,000 - Learn More
60 Mo CD
1.60% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Cash Rewards 1.75% $0 $0.00 Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for State Bank of Waterloo

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to State Bank of Waterloo
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Branches

State 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:
Seattle,Washington


State Bank of Waterloo Locations


Financial Details

State Bank of Waterloo Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State 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
State Bank of Waterloo U.S. Bank Average
0.74% 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, State Bank of Waterloo had $62,000 in non-current loans and $71,000 in owned real estate. To cover these potential losses it had $16,015,000 in equity and $1,937,000 in loans loss reserves. That gives it a Texas Ratio of 0.74%.

Return on Equity
State Bank of Waterloo U.S. Bank Average
5% 9.41%

State Bank of Waterloo has a Return on Equity of 5% 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
State Bank of Waterloo U.S. Bank Average
8.19% 12.82%

State Bank of Waterloo has a Capitalization of 8.19% 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.

State Bank of Waterloo Balance Sheet Analysis

As of December 31, 2019, State Bank of Waterloo had assets of $195,645,000, loans of $127,668,000, and deposits of $150,992,000. 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 $ 23.86 million
Interest-bearing balances $ 19.30 million
Total securities $ 32.61 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.67 million
Loan loss allowance $ 1.94 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles N.A.
All other assets $ 5.48 million
     Total Assets $ 179.63 million
LIABILITIES
Total deposits $ 150.99 million
      Interest-bearing deposits $ 128.02 million
      Deposits held in domestic offices $ 150.99 million
      % insured (estimated) 87.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 27.50 million
Subordinated debt N.A.
All other liabilities $ 1.14 million
      Total Liabilities $ 179.63 million
      Shareholders’ Equity $ 16.02 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 7.11 million
Total Interest Expense $ 1.77 million
Net interest income $ 5.34 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.10 million
Total non interest expense $ 5.45 million
Pre-tax Net Operating Income $ 0.98 million

Bank Loan Profile?

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

Compared to other banks in Illinois, State 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 29.97
Multifamily
Mortgages
4.27
Credit Card Loans 0.00
Consumer Auto Loans 0.92
Small Business Loans 8.98
Construction and Development Loans 10.65
Commercial Real Estate 36.40
Commercial and Industrial Loans 5.22
Farm Loans 0.90

Frequently Asked Questions About State Bank Of Waterloo

Branches and Savings

Is State Bank Of Waterloo FDIC insured?

Yes. It is covered under FDIC Certificate #12706.

Why does State 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 State Bank Of Waterloo CD rates not competitive?

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

Is State Bank Of Waterloo a commercial bank?

Yes

Where are State Bank Of Waterloo locations?

See branch locations nearby.

Is State Bank Of Waterloo open on Saturdays?

Is State Bank Of Waterloo open on Sundays?

What time does State Bank Of Waterloo open?

What time does State Bank Of Waterloo close?

Are State Bank Of Waterloo ATMs Open 24/7?

Do State Bank Of Waterloo ATMs accept cash deposits?

Can State Bank Of Waterloo customers use other ATMs?

Do State Bank Of Waterloo branches have notaries?

Will State Bank Of Waterloo notarize my document?

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

Will the State Bank Of Waterloo branch print checks?

Do State Bank Of Waterloo checks expire?

Does State Bank Of Waterloo require US citizenship to open account?

Can State Bank Of Waterloo close my account?

Does State Bank Of Waterloo Report to credit bureaus?

Does State Bank Of Waterloo Use Equifax?

What is State Bank Of Waterloo's ACH Routing Number?

What is State Bank Of Waterloo's SWIFT code?

Products

Does State Bank Of Waterloo offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does State Bank Of Waterloo offer personal loans?

Compare personal loan rates here.

Does State Bank Of Waterloo offer student loans?

Will State Bank Of Waterloo cash a check?

Will State Bank Of Waterloo redeem a savings bond?

Does State Bank Of Waterloo cash savings bonds?

Will State Bank Of Waterloo cash money orders?

Can State Bank Of Waterloo issue a money order?

Does State Bank Of Waterloo do currency exchange?

Background on The Bank

Who owns State Bank Of Waterloo?

How long has State Bank Of Waterloo been around?

Can State Bank Of Waterloo transfer to other banks?

Does State Bank Of Waterloo have quick pay?

Does State Bank Of Waterloo accept rolled coins?

Will State Bank Of Waterloo accept loose change?

Where is State Bank Of Waterloo headquarters?

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