First National Bank of Waterloo
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Data as of · sourced from FFIEC call reports. How we update
First National Bank of Waterloo is an FDIC-insured commercial bank headquartered in Waterloo, IL, established in 1912 (FDIC certificate 3842), and it is supervised by the OCC. At Q2 2026 it reported total assets of $929.3M, up 0.3% from Q2 2025, the 55th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 12.88% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 3842
- Headquarters
- Waterloo, IL
- Established
- 1912
- Total assets, Q2 2026
- $929.3M
- Assets vs Q2 2025
- +0.3%
- CET1 ratio, Q2 2026
- 12.88%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 081017478
- Latest call report
- Q2 2026, FFIEC 051 · First National Bank of Waterloo call report
- Holding company
- FIRST WATERLOO BANCSHARES, INC.
- Asset rank in state
- 55th of 319 in Illinois
First National Bank of Waterloo operates with a thinner capital cushion than most banks of its size. Based in Waterloo, Illinois, it had $929 million in assets at June 30, 2026. It funds 9.21% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also holds commercial real estate loans worth 2.1 times its capital, higher than about three-quarters of banks its size (median 1.2 times).
Earnings jumped: net income for the quarter was $2.4 million, 55% above the same quarter a year earlier. Its $63 million multifamily book is improving, with 0.03% past due or on nonaccrual, down from 0.77% a year earlier. Credit is the area to watch: it carries problem assets equal to 8.3% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, First National Bank of Waterloo reported a CET1 capital ratio of 12.88%, a return on assets of 1.01%, a nonperforming-loan ratio of 1.33% and a Texas ratio of 8.28%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, First National Bank of Waterloo is the 55th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.1% to $929.3M, loans rose 1.9% and deposits fell 1.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 33.3% of total loans, ahead of non-owner-occupied commercial real estate loans at 17.9%. The FDIC Summary of Deposits lists 16 offices for it, in 14 cities in IL; its Waterloo 3 offices book 35% of its branch deposits. Judged on its Q2 2026 call report, First National Bank of Waterloo meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 228 S Main St, Waterloo, IL 62298
- County
- Monroe
- Metro Area
- St. Louis, MO-IL
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 12, 1912
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 164
- Domestic deposits
- $779.6M
- Allowance for credit losses
- $8.5M
- Net charge-offs (YTD)
- $83K
- Average total assets
- $954.9M
- Average total loans
- $543.6M
- Average interest-bearing deposits
- $633.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3842
- Fed RSSD
- 145545
- SEC CIK
- 771793 → filed by FIRST WATERLOO BANCSHARES, INC.
- Website
- www.fnbwaterloo.bank →
- Parent Holding Company
- FIRST WATERLOO BANCSHARES, INC. (RSSD 1135404)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First National Bank of Waterloo's total assets ran between $917.4M (Q3 2023) and $948.8M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$929.3M total assets against $927.0M; $837.6M total liabilities against $843.5M.
$539.9M net loans and leases against $523.3M; $779.6M total deposits against $774.3M.
$273.0M securities against $286.0M; $56.5M cash and balances due against $53.4M.
$10.9M total interest income against $9.9M; $3.2M total interest expense against $3.3M.
$7.7M net interest income against $6.6M.
$1.4M total noninterest income against $1.3M; $5.7M total noninterest expense against $5.7M.
$239K provision for credit losses against $238K.
$2.4M net income against $1.6M.
1.01% return on assets against 0.67%; 3.50% net interest margin against 3.05%.
12.88% CET1 capital ratio against 12.56%; 9.21% tier 1 leverage ratio against 8.75%.
Inside the full First National Bank of Waterloo terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First National Bank of Waterloo rankings
Its closest position to the top of a national ranking is 802 of 3,640, for Texas Ratio; its furthest is 2,488 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.30% (Q3 2024) to 1.01% (Q2 2026) and its net interest margin ran from 2.59% (Q3 2024) to 3.50% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.88% | 1.01% | 1.33% | 8.28% | 3.50% |
| Q1 2026 | 12.56% | 0.88% | 1.33% | 8.52% | 3.27% |
| Q4 2025 | 12.42% | 0.50% | 1.40% | 9.47% | 3.29% |
| Q3 2025 | 13.04% | 0.66% | 1.35% | 9.23% | 3.20% |
| Q2 2025 | 12.56% | 0.67% | 1.48% | 12.43% | 3.05% |
| Q1 2025 | 12.33% | 0.53% | 1.54% | 12.87% | 2.83% |
| Q4 2024 | 12.55% | 0.62% | 1.34% | 11.62% | 2.69% |
| Q3 2024 | 12.78% | 0.30% | 1.38% | 11.86% | 2.59% |
Swipe the table sideways to see every column.
Branch Network
View all 16 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First National Bank of Waterloo (main office) | Waterloo , IL | 62298 | $186.9M |
| Columbia Branch | Columbia , IL | 62236 | $98.9M |
| Millstadt Branch | Millstadt , IL | 62260 | $84.4M |
| North Facility | Waterloo , IL | 62298 | $69.7M |
| Saint Libory Branch | Saint Libory , IL | 62282 | $50.3M |
| Collinsville Branch | Collinsville , IL | 62234 | $39.5M |
| Stewardson Banking Center Branch | Stewardson , IL | 62463 | $36.6M |
| Marissa Branch | Marissa , IL | 62257 | $32.4M |
| O'Fallon Banking Center Branch | O'Fallon , IL | 62269 | $31.2M |
| Maryville Branch | Maryville , IL | 62062 | $29.2M |
| Swansea Banking Center Branch | Swansea , IL | 62226 | $24.6M |
| New Athens Branch | New Athens , IL | 62264 | $23.6M |
| Effingham Branch | Effingham , IL | 62401 | $22.8M |
| Smithton Branch | Smithton , IL | 62285 | $21.8M |
| Dupo Banking Center Branch | Dupo , IL | 62239 | $15.1M |
| Waterloo Wal-Mart Bkg. Center Branch | Waterloo , IL | 62298 | $12.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 17, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2023 | Structure Change | Acquired The Village Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 29, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 29, 2020 | Structure Change | Acquired Best Hometown Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 1, 2015 | Structure Change | Acquired Prairie National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 31, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC); 2 against individuals associated with it
- August 16, 2000, OCC: Civil Money Penalty (CMP): The First National Bank of Waterloo
- Period: Most recent institution action August 16, 2000. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in IL, rank 75 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 225 applications, 202 loans originated, $55.3M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $396K approved, $198K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First National Bank of Waterloo
What are First National Bank of Waterloo's total assets?
As of the Q2 2026 filing, First National Bank of Waterloo reported total assets of $929.3 million in its FFIEC call report.
Where is First National Bank of Waterloo headquartered?
It is headquartered in Waterloo, IL, United States.
When was First National Bank of Waterloo founded?
It was established in 1912, per the FDIC institution directory.
Is First National Bank of Waterloo FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #3842). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank of Waterloo?
First National Bank of Waterloo's primary federal regulator is the OCC.
What is First National Bank of Waterloo's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.88% in its Q2 2026 call report, above regulatory requirements.
How many branches does First National Bank of Waterloo operate?
It operates 16 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First National Bank of Waterloo's Texas Ratio?
Its Texas Ratio is 8.28% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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