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The Garrett State Bank
Garrett, IN · FDIC Certificate #8074 · Chartered 11/0
Total assets
$399.66M
Total deposits
$339.41M
Total equity
$39.98M
Net loans
$289.07M
Branches (offices)
4
Net income (YTD)
$3.76M
Rank: #2,058 of 4,213 U.S. banks by assets · #50 of 87 in Indiana. Assets changed 4.0% and deposits 5.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.93% |
| Return on equity | 19.22% |
| Net interest margin (YTD) | 3.39% |
| Equity to assets | 10.00% |
| Tier 1 leverage ratio | 10.47% |
| Uninsured deposits (share of deposits) | 44.3% |
| Noncurrent loans (share of loans) | 0.85% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 85.2% |
| Real estate loans (share of loans) | 93.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $271.27M | 93.8% | |
| Commercial & industrial | $12.50M | 4.3% | |
| Consumer / individual | $6.52M | 2.3% | |
| Construction & development | $20.56M | 7.1% | |
| Agricultural | $1.65M | 0.6% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $322.84M | $283.29M | $2.56M | $30.28M |
| Jun 2023 | $336.09M | $294.18M | $2.51M | $30.83M |
| Jun 2024 | $354.56M | $293.98M | $2.39M | $33.52M |
| Jun 2025 | $384.39M | $322.36M | $2.86M | $36.15M |
| Jun 2026 | $399.66M | $339.41M | $3.76M | $39.98M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Indiana | $339.41M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $339.41M.
Similar-sized banks
Big Horn Federal Savings Bank ($399.77M) · Pony Express Bank ($399.47M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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