Bank · FDIC insured
State Bank
A $295.8M bank headquartered in Waterloo, IL, with 5 branches in 2 states. Best rates: CDs 4.25% and savings 0.15% APY.
State Bank Carrot Score
71
Carrot Score
Higher than 28% of U.S. banks and credit unions
#54 of 79 in St. Louis, MO-IL metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About State Bank
Founded in 1894 by ten local businessmen, State Bank operates five branches across Illinois and Missouri.
The institution rebranded from State Bank of Waterloo to State Bank in 2020.
- Headquarters
- 885 N Illinois Route 3, Waterloo, IL 62298
- FDIC certificate
- 12706 ↗
Branches
5 branches in 2 states
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Illinois
4 branches
- State BankMain office885 N Illinois Route 3, Waterloo, IL 62298Directions
- Columbia Branch1525 N Main St, Columbia, IL 62236Directions
- Valmeyer Branch259 Knobloch Blvd, Valmeyer, IL 62295Directions
- Waterloo Branch501 N Market St, Waterloo, IL 62298Directions
Missouri
1 branch
- Lindbergh Facility Branch6969 S Lindbergh Blvd, St. Louis, MO 63125Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.23% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.28% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.40% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $78 | $81 | — |
- CapitalLeverage ratio9.23%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.28%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.40%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$78Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.