Bank
Waterman Bank
Waterman Bank is a community-focused institution headquartered in Waterman, Illinois, serving northern Illinois residents and small businesses through its branches. As an FDIC-insured bank, its primary product focus includes deposit accounts, personal and business loans, and residential mortgages tailored to first-time buyers and local families.
Key Statistics
As of December 2025, public records show Waterman Bank has originated approximately $249.8M in loan volume over the past 12 months, with an average loan size of $564k.
Volume (12mo)
$249.8M
Avg Loan Size
$564k
Total Mortgages
3,014
Total Borrowers
2,356
Lending Entities
Waterman Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
2,194 mortgages recorded
816 mortgages recorded
+4 more not shown
Geography
Waterman Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 322
Volume (12mo): $138.0M
Total Volume: $1.1B
Mortgages (12mo): 46
Volume (12mo): $50.1M
Total Volume: $245.0M
Mortgages (12mo): 16
Volume (12mo): $6.7M
Total Volume: $24.1M
Top Borrowers
The following individuals have the most recorded mortgage transactions with Waterman Bank. Click on a borrower to view their full investor profile.
+2,353 more not shown
FAQ
What type of lender is Waterman Bank?
Waterman Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (5%) and personal loans in their portfolio.
What entities does Waterman Bank fund loans under?
Waterman Bank originates mortgages through 6 different lending entities. The most common include Waterman Bank and Waterman State Bank. These are the legal entity names that appear on recorded mortgage documents.
Where is Waterman Bank most active?
Based on recorded mortgages, Waterman Bank is most active in Illinois, Florida, and Texas.
How many loans has Waterman Bank originated?
Public records show 3,014 mortgages recorded for Waterman Bank, with $249.8M in volume over the past 12 months.
What is the average loan size for Waterman Bank?
The average mortgage size for Waterman Bank is $564k based on all recorded mortgages.
Does Waterman Bank offer short-term loans?
Waterman Bank primarily offers long-term financing, with only 9% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.