Indiana Community Bank

Indiana Community Bank is headquartered in Goshen and is the 103^rd largest bank in the state of Indiana. It is also the 4,701^st largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 25 employees at 2 locations. Indiana Community Bank's savings rates are 35% higher than the national average, but it has a 1-star health rating.

Indiana Community Bank Routing Number: 071214333

Indiana Community Bank Checking Account Rates

Indiana Community Bank Savings Account Rates

Indiana Community Bank Money Market Rates

Indiana Community Bank CD Rates

Data for Q1 2012

Institution Statistics Indiana Community Bank FDIC Certificate # 57037 BankRate Report View Year Established 2000 Employees 25 Primary Regulator FDIC Assets and Liabilities Assets $110.91 million Loans $85.15 million Deposits $102.67 million Equity Capital $7.94 million Loan Loss Allowance $3.11 million Unbacked Noncurrent Loans $6.21 million Real Estate Owned $3.11 million Historic Data - March 2011 Assets $129.10 million Equity Capital $8.41 million Loan Loss Allowance $3.76 million Unbacked Noncurrent Loans $6.60 million Real Estate Owned $2.80 million Profit Margin - Quarterly Net Interest Margin 3.79% Return on Assets -0.52% Return on Equity -7.49% Interest Income $1.27 million

Institution Health Overall Score: 1 out of 5 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 March 31, 2012 Indiana Community Bank had $9.31 million in non-current loans and owned real-estate with $11.04 million in equity and loan loss allowances on hand to cover it. This gives Indiana Community Bank a Texas Ratio of 84.32% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Indiana Community Bank held steady from 86.73% as of March 31, 2011 to 84.32% as of March 31, 2012, resulting in a positive change of 2.78%.This indicates that the balance sheet and financial strength for Indiana Community Bank has held steady in recent periods. Deposit Growth In the past year, Indiana Community Bank has decreased its total deposits by -$12.09 million, resulting in -10.54% 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 Indiana Community Bank has shown is poor. Capitalization 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. Indiana Community Bank has $110.9 million in assets with $11.04 million in equity, resulting in a capitalization level of 9.96%, which is average.

No reviews have been left for this bank yet. Be the first to review.