Washington Savings Bank (Effingham, IL)
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Data as of · sourced from FFIEC call reports. How we update
Washington Savings Bank is an FDIC-insured savings bank headquartered in Effingham, IL, established in 1883 (FDIC certificate 29227), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $585.3M, little changed from Q2 2025, the 89th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 19.02% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 29227
- Headquarters
- Effingham, IL
- Established
- 1883
- Total assets, Q2 2026
- $585.3M
- Assets vs Q2 2025
- 0.0%
- CET1 ratio, Q2 2026
- 19.02%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 281271014
- Latest call report
- Q2 2026, FFIEC 051 · Washington Savings Bank call report
- Holding company
- WASHINGTON SAVINGS MHC
- Asset rank in state
- 89th of 319 in Illinois
Washington Savings Bank, based in Effingham, Illinois, reported $585 million in assets at June 30, 2026. It keeps 2.73 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also returns 7.2% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.5%).
Loans and deposits moved in opposite directions: over the year loans rose 7.8% and deposits fell 0.2%. Its $64 million non-owner-occupied commercial real estate book is improving, with 0.95% past due or on nonaccrual, down from 1.96% a year earlier.
As of June 30, 2026, Washington Savings Bank reported a CET1 capital ratio of 19.02%, a return on assets of 0.79%, a nonperforming-loan ratio of 0.29% and a Texas ratio of 1.71%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Washington Savings Bank is the 89th largest of the 319 banks headquartered in Illinois. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.3% to $585.3M, loans rose 0.6% and deposits fell 3.0%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 36.6% of total loans, ahead of owner-occupied commercial real estate loans at 23.9%. The FDIC Summary of Deposits lists 4 offices for it, in Effingham, IL and Mattoon, IL; its Effingham 2 offices book 66% of its branch deposits. On its Q2 2026 call report, Washington Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 200 S Banker St, Effingham, IL 62401
- County
- Effingham
- Metro Area
- Effingham, IL
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1883
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 69
- Domestic deposits
- $504.4M
- Allowance for credit losses
- $3.4M
- Net charge-offs (YTD)
- $123K
- Average total assets
- $614.0M
- Average total loans
- $359.9M
- Average interest-bearing deposits
- $472.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29227
- Fed RSSD
- 790271
- Website
- www.washingtonsavings.net →
- Parent Holding Company
- WASHINGTON SAVINGS MHC (RSSD 4841069)
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
Washington Savings Bank's total assets moved between a low of $566.9M (Q4 2024) and a high of $605.0M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$585.3M total assets against $585.5M; $517.9M total liabilities against $524.1M.
$352.8M net loans and leases against $326.7M; $504.4M total deposits against $505.5M.
$172.2M securities against $177.6M; $22.5M cash and balances due against $42.9M.
$6.7M total interest income against $6.0M; $2.8M total interest expense against $2.8M.
$4.0M net interest income against $3.2M.
$743K total noninterest income against $822K; $3.1M total noninterest expense against $3.4M.
$0 provision for credit losses against $50K.
$1.2M net income against -$80K.
0.79% return on assets against -0.05%; 2.73% net interest margin against 2.23%.
19.02% CET1 capital ratio against 19.28%; 12.07% tier 1 leverage ratio against 11.62%.
Inside the full Washington Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWashington Savings Bank rankings
Its closest position to the top of a national ranking is 394 of 2,134, for CET1 ratio; its furthest is 2,916 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.05% (Q2 2025) to 0.79% (Q2 2026) and its net interest margin ran from 1.90% (Q3 2024) to 2.73% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.02% | 0.79% | 0.29% | 1.71% | 2.73% |
| Q1 2026 | 18.96% | 0.69% | 0.38% | 2.09% | 2.56% |
| Q4 2025 | 19.16% | 0.66% | 0.49% | 2.65% | 2.58% |
| Q3 2025 | 18.94% | 0.40% | 0.56% | 3.10% | 2.45% |
| Q2 2025 | 19.28% | -0.05% | 0.48% | 2.74% | 2.23% |
| Q1 2025 | 19.43% | 0.18% | 0.47% | 2.72% | 2.09% |
| Q4 2024 | 19.39% | 0.12% | 0.76% | 4.53% | 2.01% |
| Q3 2024 | 19.27% | 0.20% | 0.45% | 2.52% | 1.90% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Washington Savings Bank (main office) | Effingham , IL | 62401 | $298.3M |
| Mattoon Branch | Mattoon , IL | 61938 | $108.6M |
| Broadway Banking Center | Mattoon , IL | 61938 | $63.4M |
| Keller Drive Branch | Effingham , IL | 62401 | $34.1M |
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 |
|---|---|---|---|
| August 21, 2021 | Structure Change | Acquired The First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 20, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2015 | Structure Change | Acquired First Federal Savings and Loan Association of Mattoon Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 106 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $236K approved, $236K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Washington Savings Bank
What are Washington Savings Bank's total assets?
As of the Q2 2026 filing, Washington Savings Bank reported total assets of $585.3 million in its FFIEC call report.
Where is Washington Savings Bank headquartered?
It is headquartered in Effingham, IL, United States.
When was Washington Savings Bank founded?
It was established in 1883, per the FDIC institution directory.
Is Washington Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #29227). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Washington Savings Bank?
Washington Savings Bank's primary federal regulator is the FDIC.
What is Washington Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.02% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Washington Savings Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Washington Savings Bank's Texas Ratio?
Its Texas Ratio is 1.71% 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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