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111 South Main Street
Middlebury, IN 46540

First State Bank of Middlebury is headquartered in Middlebury and is the 36th largest bank in the state of Indiana. It is also the 1,658th largest bank in the nation. It was established in 1910 and as of December of 2013, it had grown to 115 employees at 6 locations. First State Bank of Middlebury has a B+ health rating.

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10K Limit...

there is a 10k limit on the 5%


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 First State Bank of Middlebury had $6.8 million in non-current loans and owned real-estate with $43.24 million in equity and loan loss allowances on hand to cover it. This gives First State Bank of Middlebury a Texas Ratio of 15.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First State Bank of Middlebury decreased slightly from 20.21% as of December 31, 2012 to 15.73% as of December 31, 2013, resulting in a positive change of 22.16%.This indicates that the balance sheet and financial strength for First State Bank of Middlebury has improved slightly in recent periods.

Deposit Growth


In the past year, First State Bank of Middlebury has increased its total deposits by $21 million, resulting in 6.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First State Bank of Middlebury has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First State Bank of Middlebury has $402.29 million in assets with $43.24 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

FDIC Certificate #8745
Year Established1910
Primary RegulatorFDIC
Assets and Liabilities
Assets$402.29 million
Loans$286.87 million
Deposits$339.11 million
Equity Capital$39.29 million
Loan Loss Allowance$3.95 million
Unbacked Noncurrent Loans$4.52 million
Real Estate Owned$2.28 million
Historic Data - December 2012
Assets$391.03 million
Equity Capital$39.97 million
Loan Loss Allowance$6.12 million
Unbacked Noncurrent Loans$4.52 million
Real Estate Owned$2.99 million
Profit Margin - Quarterly
Net Interest Margin4.01%
Return on Assets1.11%
Return on Equity11.21%
Interest Income$16.94 million

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First State Bank of Middlebury Savings Account Rates

0.26%--Automatic Christmas Club
0.25%$10k-Health Savings Account
0.12%$100k-First Investors Savings
0.01%--Passbook Savings
0.01%--Statement Savings
0.01%--Christmas Club

First State Bank of Middlebury Money Market Rates

0.12%$100k-Individual Money Market
0.10%$100k-Business Money Market

First State Bank of Middlebury Checking Account Rates

2.53%-$10kMain Street Rewards Level lll Checking
0.15%$100k-Preferred Business Interest
0.06%$50k-Home Owners Advantage Checking
0.05%--Main Street Rewards Level lll Checking
0.02%$750-Business Interest Checking
0.01%$750-NOW Account

First State Bank of Middlebury CD Rates

1.08%$5k-60 Month Relationship CD Special
0.78%$500-60 Month CD
0.62%$500-48 Month CD
0.44%$500-36 Month CD
0.32%$5k-19 Month Relationship CD Special
0.30%$500-30 Month CD
0.25%$500-24 Month CD
0.19%$500-18 Month CD
0.12%$5k-12 Month CD
0.08%$5k-182-364 Day CD
0.05%$5k-91-181 Day CD
0.03%$5k-7-31 Day CD
0.03%$5k-32-90 Day CD

First State Bank of Middlebury IRA Rates

0.78%$500-60 Month IRA (Traditional,Roth,CESA)
0.65%$25-18 Month Variable IRA (Traditional,Roth,CESA)
0.62%$500-48 Month IRA (Traditional,Roth,CESA)
0.44%$500-36 Month IRA (Traditional,Roth,CESA)
0.30%$500-30 Month IRA (Traditional,Roth,CESA)
0.25%$500-24 Month IRA (Traditional,Roth,CESA)
0.19%$500-18 Month IRA (Traditional,Roth,CESA)
0.12%$5k-12 Month IRA (Traditional,Roth,CESA)
0.08%$5k-182-364 Day IRA (Traditional,Roth,CESA)
0.05%$5k-91-181 Day IRA (Traditional,Roth,CESA)
0.03%$5k-7-31 Day IRA (Traditional,Roth,CESA)
0.03%$5k-32-90 Day IRA (Traditional,Roth,CESA)

First State Bank of Middlebury Locations
First State Bank Of Middlebury111 South Main StreetMiddlebury, IN 46540
Cobblestone Crossing Branch1515 Cobblestone BoulevlardElkhart, IN 46516
Greencroft Branch1820 Greencroft BoulevardGoshen, IN 46526
Riverwalk Branch200 Nibco ParkwayElkhart, IN 46516
Goshen Branch201 North Main StreetGoshen, IN 46526
Mishawaka Branch4101 Edison Lakes Parkway, Suite 140Mishawaka, IN 46545