Headquartered in Waterman, Illinois, Waterman Bank is a state-chartered bank with $173.6M in total assets and $144.3M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1908.
Based on its Q2 2026 filing, Waterman Bank scores 60/100, which we describe as moderate. That is higher than only 19% of 2,650 banks with $100 million – $1 billion. Among 326 banks headquartered in Illinois, it ranks 254th. Its strongest component is problem-loan coverage (83/100; 8.5%), and its lowest is earnings (39/100; 0.47%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 16 points (76 → 60), mostly because the loan quality component weakened by 59 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 69 |
| Q3 2024 | 75 |
| Q4 2024 | 77 |
| Q1 2025 | 78 |
| Q2 2025 | 76 |
| Q3 2025 | 77 |
| Q4 2025 | 60 |
| Q1 2026 | 59 |
| Q2 2026 | 60 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 13.43% |
| Q3 2024 | 13.53% |
| Q4 2024 | 13.81% |
| Q1 2025 | 13.52% |
| Q2 2025 | 13.15% |
| Q3 2025 | 13.38% |
| Q4 2025 | 13.39% |
| Q1 2026 | 13.30% |
| Q2 2026 | 13.20% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.00% |
| Q3 2024 | 0.55% |
| Q4 2024 | 0.50% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 1.93% |
| Q1 2026 | 2.10% |
| Q2 2026 | 1.78% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.64% |
| Q3 2024 | 0.77% |
| Q4 2024 | 0.73% |
| Q1 2025 | 0.30% |
| Q2 2025 | 0.34% |
| Q3 2025 | 0.42% |
| Q4 2025 | 0.49% |
| Q1 2026 | 0.53% |
| Q2 2026 | 0.47% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 60 | $173.6M | 13.20% | 1.78% | 0.47% | 86.5% |
| Q1 2026 | 59 | $172.4M | 13.30% | 2.10% | 0.53% | 77.8% |
| Q4 2025 | 60 | $166.9M | 13.39% | 1.93% | 0.49% | 84.4% |
| Q3 2025 | 77 | $165.7M | 13.38% | 0.00% | 0.42% | 80.7% |
| Q2 2025 | 76 | $163.6M | 13.15% | 0.00% | 0.34% | 81.0% |
| Q1 2025 | 78 | $171.7M | 13.52% | 0.00% | 0.30% | 64.4% |
| Q4 2024 | 77 | $155.8M | 13.81% | 0.50% | 0.73% | 80.9% |
| Q3 2024 | 75 | $153.6M | 13.53% | 0.55% | 0.77% | 83.6% |
| Q2 2024 | 69 | $152.3M | 13.43% | 1.00% | 0.64% | 85.7% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Illinois
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| DeWitt Savings BankBank Clinton, IL | 64 out of 100, Moderate | $173.2M | 10.5% | 1.21% | vs |
| Iroquois Farmers State BankBank Iroquois, IL | 57 out of 100, Moderate | $174.5M | 9.1% | 1.96% | vs |
| Central State BankBank Clayton, IL | 70 out of 100, Strong | $175.1M | 17.9% | 3.07% | vs |
| Illini State BankBank Oglesby, IL | 70 out of 100, Strong | $171.9M | 14.4% | 1.86% | vs |
| United Trust BankBank Palos Heights, IL | 65 out of 100, Moderate | $178.2M | 10.0% | 0.43% | vs |
| Farmers State Bank of Western IllinoisBank Alpha, IL | 74 out of 100, Strong | $167.3M | 14.1% | 1.74% | vs |
Deposit insurance
Is my money safe at Waterman Bank?
Yes. Waterman Bank is an FDIC-insured institution (FDIC certificate #10878). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 27.1% of deposits ($39.1M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 13.20%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
3 locations
Branches
Waterman Bank lists 3 offices in 3 cities. Most locations:
- Chicago, IL (1)
- Montgomery, IL (1)
- Waterman, IL (1)
Identity & history
Profile
- Legal name
- Waterman Bank
- Former names
- Waterman State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 10878
- RSSD ID
- 604640
- Primary regulator
- FDIC
- Holding company
- Waterman Acquisition Group Llc
- Established
- August 25, 1908
- Headquarters
- 248 W Lincoln Hwy, Waterman, IL 60556
- Website
- www.watermanbank.com
- Employees
- 48
Quick answers
Waterman Bank: common questions
Is Waterman Bank FDIC insured?
Yes. Waterman Bank is an FDIC-insured institution (FDIC certificate #10878). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Waterman Bank's TellerScore?
60 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Waterman Bank ever failed?
There is no failure record for FDIC certificate #10878 in the FDIC failed bank list.
How many branches does Waterman Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Waterman
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Earthmover Credit UnionCredit union Aurora, IL | 87 out of 100, Very strong | $471.7M | 19.3% | 0.75% | vs |
| Financial Plus Credit UnionCredit union Ottawa, IL | 84 out of 100, Strong | $607.4M | 13.2% | 0.45% | vs |
| Northern Illinois Federal Credit UnionCredit union Dekalb, IL | 80 out of 100, Strong | $18.0M | 14.7% | 1.01% | vs |
| Heartland Bank and Trust CompanyBank Bloomington, IL | 80 out of 100, Strong | $6.7B | 11.9% | 0.19% | vs |
| Servbank, National AssociationBank Oswego, IL | 76 out of 100, Strong | $1.7B | 11.8% | 0.59% | vs |
| First National Bank of OmahaBank Omaha, NE | 72 out of 100, Strong | $34.2B | 10.8% | 0.78% | vs |