Waterman State Bank in Waterman, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Waterman State Bank - Overview

  • General
  • FDIC Certificate #: 10878
    Status: Active
    Federal Reserve ID: 604640
    Bank Holding Company (Regulatory Top Holder): Waterman Bancshares, Inc. (RSSDID: 1141179, Location: Waterman, IL)
    Date Established: August 25, 1908
    WWW: http://www.watermanbank.org
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6960
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 244 West Lincoln Street, Waterman, IL 60556
    County: Dekalb
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $47.8 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $40.1 mil
    Return on assets (ROA): 1.04% ($0.5 mil)
    Quarterly return on assets: 0.50% ($0.2 mil)
    Return on Equity (ROE): 12.31% ($0.5 mil)
    Quarterly return on equity: 5.62% ($0.2 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.06% ($507.1 mil)
    Quarterly Pretax return on assets: 0.54% ($258.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $47,841Total assets
  • $1,244Cash and due from depository institutions
  • $13Interest-bearing balances
  • $18,552Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $23,739Net loans & leases
  • $547Loan loss allowance
  • $0Trading account assets
  • $2,625Bank premises and fixed assets
  • $145Other real estate owned
  • $0Goodwill and other intangibles
  • $47,841Life insurance assets
  • $1,536All other assets
  • $43,675Total liabilities and capital
  • $40,144Total liabilities
  • $33,992Total deposits
  • $40,144Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1390.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $141Subordinated debt
  • $4,166All other liabilities
  • $4,166Total equity capital
  • $4,166Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,900Surplus
  • $966Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,073Income earned, not collected on loans
  • $0Earning assets
  • $249Long-term assets (5+ years)
  • $42,304Average Assets, year-to-date
  • $18,919Average Assets, quarterly
  • $46,412Volatile liabilities
  • $48,205Insider loans
  • $28,452FHLB advances
  • $47,453Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,998Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,287Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,086Total interest income
  • $523Total interest expense
  • $1,563Net interest income
  • $49Provision for loan and lease losses
  • $77Total noninterest income
  • $0Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18Additional noninterest income
  • $1,211Total noninterest expense
  • $607Salaries and employee benefits
  • $224Premises and equipment expense
  • $380Additional noninterest expense
  • $380Pre-tax net operating income
  • $114Securities gains (losses)
  • $9Applicable income taxes
  • $485Income before extraordinary items
  • $0Extraordinary gains - net
  • $485Net income attributable to bank
  • $0Net charge-offs
  • $485Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $195Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 12.31%Return on equity (ROE)
  • 7.36%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 376.92%Credit loss provision to net charge-offs
  • 33.00%Efficiency ratio
  • 73,841Assets per employee
  • 5.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.21%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 50.98%Noncurrent assets plus other real estate owned to assets
  • 2.55%Noncurrent loans to loans
  • 4.42%Net loans and leases to deposits
  • 59.13%Net loans and leases to core deposits
  • 65.82%Equity capital to assets
  • 8.71%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $46,412Average earning assets
  • $3,940Average equity
  • $41,987Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06960Waterman State Bank244 West Lincoln Street, Waterman, IL 60556August 25, 1908Full Service Brick and Mortar

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