State Bank (Waterloo, IL)
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Data as of · sourced from FFIEC call reports. How we update
State Bank is an FDIC-insured commercial bank headquartered in Waterloo, IL, established in 1894 (FDIC certificate 12706), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $295.8M, down 3.2% from Q2 2025, the 156th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 10.54% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 12706
- Headquarters
- Waterloo, IL
- Established
- 1894
- Total assets, Q2 2026
- $295.8M
- Assets vs Q2 2025
- -3.2%
- CET1 ratio, Q2 2026
- 10.54%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 081006395
- Holding company
- SBW BANCSHARES, INC.
- Asset rank in state
- 156th of 319 in Illinois
Problem loans are rising at State Bank. The Waterloo, Illinois bank had $296 million in assets at June 30, 2026, down 3.2% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.28% of loans from 0.95% a year earlier. It holds common equity equal to 10.54% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also carries problem assets equal to 23.2% of the capital and reserves that would absorb them, 8.8 times the median of 2.6% for banks its size.
Earnings fell sharply: quarterly net income of $383,000 was 54% below a year earlier. Over the same year, loans grew 12.1% and deposits grew 2.7%. Profitability lags: it earns about $0.52 a year on every $100 of assets, about a third the median of $1.28 for banks its size.
As of June 30, 2026, State Bank reported a CET1 capital ratio of 10.54%, a return on assets of 0.52%, a nonperforming-loan ratio of 1.28% and a Texas ratio of 23.23%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, State Bank is the 156th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 7.6% to $295.8M, loans rose 3.2% and deposits fell 8.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 26.0% of total loans, followed by owner-occupied commercial real estate loans at 21.8%. The FDIC Summary of Deposits lists 5 offices for it, in 4 cities across 2 states; its Waterloo 2 offices book 63% of its branch deposits. By the capital ratios in its Q2 2026 call report, State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 885 N Illinois Route 3, Waterloo, IL 62298
- County
- Monroe
- Metro Area
- St. Louis, MO-IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 4, 1894
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 54
- Domestic deposits
- $267.0M
- Allowance for credit losses
- $2.3M
- Net charge-offs (YTD)
- $667K
- Average total assets
- $297.4M
- Average total loans
- $202.1M
- Average interest-bearing deposits
- $225.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 12706
- Fed RSSD
- 266244
- SEC CIK
- 1801440 → filed by SBW BANCSHARES, INC.
- Website
- www.sbw.bank →
- Parent Holding Company
- SBW BANCSHARES, INC. (RSSD 3939473)
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
State Bank's total assets moved between a low of $295.8M (Q2 2026) and a high of $324.7M (Q2 2024) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$295.8M total assets against $305.7M; $273.2M total liabilities against $285.6M.
$204.7M net loans and leases against $182.0M; $267.0M total deposits against $259.9M.
$52.6M securities against $59.2M; $21.2M cash and balances due against $49.8M.
$3.8M total interest income against $3.6M; $1.4M total interest expense against $1.6M.
$2.4M net interest income against $2.1M.
$315K total noninterest income against $1.4M; $2.2M total noninterest expense against $2.2M.
$50K provision for credit losses against $57K.
$383K net income against $839K.
0.52% return on assets against 1.11%; 3.41% net interest margin against 2.91%.
10.54% CET1 capital ratio against 10.95%; 9.23% tier 1 leverage ratio against 8.94%.
Inside the full State Bank 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.
State Bank rankings
Its closest position to the top of a national ranking is 117 of 3,640, for Texas Ratio; its furthest is 2,041 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.08% (Q3 2024) to 1.11% (Q2 2025) and its net interest margin ran from 2.29% (Q3 2024) to 3.41% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.54% | 0.52% | 1.28% | 23.23% | 3.41% |
| Q1 2026 | 10.60% | 0.31% | 2.89% | 23.67% | 3.11% |
| Q4 2025 | 10.25% | 0.35% | 3.24% | 26.33% | 3.02% |
| Q3 2025 | 10.88% | 0.65% | 0.51% | 6.71% | 3.27% |
| Q2 2025 | 10.95% | 1.11% | 0.95% | 7.80% | 2.91% |
| Q1 2025 | 11.10% | 0.13% | 1.03% | 8.29% | 2.42% |
| Q4 2024 | 11.08% | 0.32% | 1.06% | 8.77% | 2.29% |
| Q3 2024 | 11.04% | -0.08% | 1.16% | 9.14% | 2.29% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| State Bank (main office) | Waterloo , IL | 62298 | $131.0M |
| Lindbergh Facility Branch | Saint Louis , MO | 63125 | $50.0M |
| Waterloo Branch | Waterloo , IL | 62298 | $36.6M |
| Columbia Branch | Columbia , IL | 62236 | $27.7M |
| Valmeyer Branch | Valmeyer , IL | 62295 | $21.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 196 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 127 applications, 73 loans originated, $16.2M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $440K approved, $220K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 State Bank
What are State Bank's total assets?
As of the Q2 2026 filing, State Bank reported total assets of $295.8 million in its FFIEC call report.
Where is State Bank headquartered?
It is headquartered in Waterloo, IL, United States.
When was State Bank founded?
It was established in 1894, per the FDIC institution directory.
Is State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #12706). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank?
State Bank's primary federal regulator is the FDIC.
What is State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.54% in its Q2 2026 call report, above regulatory requirements.
How many branches does State Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Bank's Texas Ratio?
Its Texas Ratio is 23.23% 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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