Bank · FDIC insured
Washington Savings Bank
A $585.3M bank headquartered in Effingham, IL, with 4 branches in Illinois. Best rates: CDs 3.75% APY.
Washington Savings Bank Carrot Score
68
Carrot Score
Higher than 22% of U.S. banks and credit unions
#6 of 9 in Effingham, IL metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Washington Savings Bank
Founded in 1883 as The Washington Loan and Building Association in Effingham, Illinois, the institution was established to help members purchase homes and was chartered by the Illinois Secretary of State.
The bank adopted its current name in 1992 after operating as Washington Savings and Loans Association, became federally insured in 1958, and maintains its headquarters office in Effingham.
Washington Savings Bank acquired the Effingham Keller Branch in 2010 and subsequently merged with First Federal Savings and Loan of Mattoon in 2015 and The First National Bank, Mattoon in 2021.
- Headquarters
- 200 S Banker St, Effingham, IL 62401
- FDIC certificate
- 29227 ↗
Branches
4 branches in Illinois
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Illinois
4 branches
Effingham area · 2
- Washington Savings BankMain office200 S Banker St, Effingham, IL 62401Directions
- Keller Drive Branch1300 N Keller Dr, Effingham, IL 62401Directions
Charleston area · 2
- Broadway Banking Center1117 Broadway Ave E, Mattoon, IL 61938Directions
- Mattoon Branch1111 Charleston Ave, Mattoon, IL 61938Directions
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 | 12.07% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.29% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.77% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $71 | $81 | — |
- CapitalLeverage ratio12.07%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.29%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.77%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$71Peers’ 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 Washington Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.