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First National Bank of Waterloo

Popular Accounts at this Bank

1.46%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.30%SavingsFNB First Savings

Overview / Commentary
228 South Main Street
Waterloo, IL 62298

First National Bank of Waterloo is headquartered in Waterloo and is the 93rd largest bank in the state of Illinois. It is also the 1,539th largest bank in the nation. It was established in 1912 and as of June of 2017, it had grown to 106 employees at 9 locations. First National Bank of Waterloo has an A health rating.

Reviews (2)

Must Open Your Account Locally

Posted by: Anon456 | Jun 19, 2013

Their procedures call for in person account opening at the bank.

Bank Elsewhere

Posted by: mooreja | Jun 19, 2017

I strongly encourage anyone considering a bank to go anywhere but First National Bank of Waterloo. I would also encourage anyone banking with First National Bank of Waterloo to understand their ignorant and/or malicious policies. We recently had an unexpected family death. The spouse of the deceased was not notified of any account changes. First National Bank of Waterloo allowed money to go out of the account and did not allow money to go in. Again money was allowed out to pay bills but deposits were not allowed to come in. The spouse's own direct deposit from her current employer was denied deposit. On top of all of this, they never contacted her. They also took it upon themselves to deny social security without a death certificate. She found this out while looking at her online banking. When she went to the bank to discuss the issue, the First National Bank of Waterloo had the nerve to say they were trying to protect her. Yes, protect her, by not allowing any deposits, allowing money to be taken out and by not notifying her of their brilliant safeguards. Words cannot express my disappointment in First National Bank of Waterloo and their policies. I pray that anyone facing a similar tragedy does not have to experience this unnecessary stress.


Health Grade Components

FDIC Certificate #3842
Year Established1912
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD5.48%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$460.6MM$444.4MM
LoansQ2 2017vs Q2 2016$204.8MM$180.1MM
DepositsQ2 2017vs Q2 2016$396.4MM$379.9MM
Equity CapitalQ2 2017vs Q2 2016$50.1MM$50.3MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.3MM$2.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$788.00K$1.6MM
Real Estate OwnedQ2 2017vs Q2 2016$2.7MM$2.9MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank of Waterloo Savings Account Rates

0.30%$50-FNB First Savings
0.30%--Health Savings Account

First National Bank of Waterloo Money Market Rates

0.35%*$50k*-FNB Premier MMA
OTHER TIERS: 0.20% Up to $10k | 0.25% $10k - $25k | 0.30% $25k - $50k

First National Bank of Waterloo Checking Account Rates

0.30%*$25k*-Check Plus Checking
OTHER TIERS: 0.10% Up to $2k | 0.15% $2k - $10k | 0.25% $10k - $25k
0.30%$100-Classic 55 Checking
0.20%$100-FNB Business Check Plus

First National Bank of Waterloo CD Rates

1.46%$1k-60 Month CD
1.21%$1k-48 Month CD
0.90%$10k-34 Month CD Special
0.85%$1k-36 Month CD
0.60%$1k-24 Month CD
0.40%$10k-15 Month CD Special
0.35%$1k-12 Month CD
0.25%$1k-6 Month CD
0.15%$1k-3 Month CD

First National Bank of Waterloo IRA Rates

1.46%$250-18 Month Variable IRA
1.46%$1k-60 Month IRA
1.21%$1k-48 Month IRA
0.90%$10k-34 Month IRA Special
0.85%$1k-36 Month IRA
0.60%$1k-24 Month IRA
0.40%$10k-15 Month IRA Special
0.35%$1k-12 Month IRA
0.25%$1k-6 Month IRA
0.15%$1k-3 Month IRA

First National Bank of Waterloo Locations
O'fallon Banking Center Branch104 Regency Park DriveO Fallon, IL 62269
Columbia Branch1421 North Main StreetColumbia, IL 62236
First National Bank Of Waterloo228 South Main StreetWaterloo, IL 62298
Millstadt Branch645 East Washington StreetMillstadt, IL 62260
North Facility744 North MarketWaterloo, IL 62298
Waterloo Wal-Mart Bkg. Center Branch961 North Market StreetWaterloo, IL 62298
First National Bank Schnucks Banking907 East Us 50O Fallon, IL 62269
Effingham Branch210 East Fayette AvenueEffingham, IL 62401
Prairie National Bank110 East Main StreetStewardson, IL 62463