Washington Savings Bank

200 South Banker Street
Effingham, IL 62401


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29227
Date Established 1883
Assets $0.36 billion
Loans $0.26 billion
Deposits $0.29 billion
Capital $0.06 billion

Washington Savings Bank is an FDIC insured institution located in Effingham, IL. It was founded in 1883 and has approximately $0.36 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

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

Compared to other banks in Illinois, Washington Savings Bank has a significantly higher percent of Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 43.09
Credit Card Loans 0.00
Consumer Auto Loans 1.10
Small Business Loans 13.52
Construction and Development Loans 6.39
Commercial Real Estate 38.89
Commercial and Industrial Loans 8.32
Farm Loans 0.00

Deposit Rates - February 16, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
3 Mo CD
0.30% $2,500 - Learn MoreShow Less
6 Mo CD
0.60% $2,500 - Learn MoreShow Less
12 Mo CD
1.25% $1,000 - Learn MoreShow Less
18 Mo CD
1.15% $1,000 - Learn MoreShow Less
24 Mo CD
1.75% $1,000 - Learn MoreShow Less
30 Mo CD
1.50% $1,000 - Learn MoreShow Less
36 Mo CD
1.80% $2,500 - Learn MoreShow Less
48 Mo CD
2.10% $1,000 - Learn MoreShow Less
60 Mo CD
3.00% $1,000 - Learn MoreShow Less

Fixed IRA
1.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.15% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.40% $1 $2,499 Learn MoreShow Less
0.40% $2,500 $9,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Kasasa Cash 4.50% $0 $0.00 Learn MoreShow Less

Loan Rates - February 16, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Washington Savings Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Washington Savings Bank
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Washington Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Financial Details

Washington Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Washington Savings Bank. 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
Washington Savings Bank U.S. Bank Average
2.37% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Washington Savings Bank had $1,436,000 in non-current loans and $64,000 in owned real estate. To cover these potential losses it had $61,341,000 in equity and $1,906,000 in loans loss reserves. That gives it a Texas Ratio of 2.37%.

Return on Equity
Washington Savings Bank U.S. Bank Average
3.89% 9.95%

Washington Savings Bank has a Return on Equity of 3.89% versus the BestCashCow average of 9.95%. 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.

Washington Savings Bank U.S. Bank Average
16.84% 12.19%

Washington Savings Bank has a Capitalization of 16.84% versus the BestCashCow average of 12.19. 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.

Washington Savings Bank Balance Sheet Analysis

As of September 30, 2018, Washington Savings Bank had assets of $364,251,000, loans of $263,706,000, and deposits of $285,399,000. 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

September 30, 2018
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.26 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 $0.30 billion
Total deposits $0.29 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.29 billion
      % insured (estimated) 91.84%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.30 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

September 30, 2018
Total Interest Income $0.01 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

Frequently Asked Questions About Washington Savings Bank

Branches and Savings

Is Washington Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29227.

Why does Washington Savings Bank pay such low interest on savings accounts?

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

Why are Washington Savings Bank CD rates not competitive?

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

Is Washington Savings Bank a commercial bank?


Where are Washington Savings Bank locations?

See branch locations nearby.

Is Washington Savings Bank open on Saturdays?

Is Washington Savings Bank open on Sundays?

What time does Washington Savings Bank open?

What time does Washington Savings Bank close?

Are Washington Savings Bank ATMs Open 24/7?

Do Washington Savings Bank ATMs accept cash deposits?

Can Washington Savings Bank customers use other ATMs?

Do Washington Savings Bank branches have notaries?

Will Washington Savings Bank notarize my document?

What address for Washington Savings Bank should I put for incoming ACH transfers?

Will the Washington Savings Bank branch print checks?

Do Washington Savings Bank checks expire?

Does Washington Savings Bank require US citizenship to open account?

Can Washington Savings Bank close my account?

Does Washington Savings Bank Report to credit bureaus?

Does Washington Savings Bank Use Equifax?

What is Washington Savings Bank's ACH Routing Number?

What is Washington Savings Bank's SWIFT code?


Does Washington Savings Bank offer mortgages?

Compare mortgage rates here.

Does Washington Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Washington Savings Bank offer personal loans?

Compare personal loan rates here.

Does Washington Savings Bank offer student loans?

Will Washington Savings Bank cash a check?

Will Washington Savings Bank redeem a savings bond?

Does Washington Savings Bank cash savings bonds?

Will Washington Savings Bank cash money orders?

Can Washington Savings Bank issue a money order?

Does Washington Savings Bank do currency exchange?

Background on The Bank

Who owns Washington Savings Bank?

How long has Washington Savings Bank been around?

Can Washington Savings Bank transfer to other banks?

Does Washington Savings Bank have quick pay?

Does Washington Savings Bank accept rolled coins?

Will Washington Savings Bank accept loose change?

Where is Washington Savings Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Washington Savings Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.