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Overview / Commentary
201 North Broadway
Greensburg, IN 47240

MainSource Bank is headquartered in Greensburg and is the 6th largest bank in the state of Indiana. It is also the 276th largest bank in the nation. It was established in 1904 and as of June of 2014, it had grown to 651 employees at 77 locations. MainSource Bank has a A+ health rating.

Reviews (1)

Mainsource No Longer "Hometown"

I don't think it is correct on the amount of people they have working for them. They have let many employees go that have been working for them for many years. They are lacking in customer service more than any bank I know of. Customers are now waiting in line without any type of acknowledgement from employees. Very poor bank to be calling themselves hometown. They are trying to be big town, but not very successful.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 MainSource Bank had $20.54 million in non-current loans and owned real-estate with $376.28 million in equity and loan loss allowances on hand to cover it. This gives MainSource Bank a Texas Ratio of 5.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for MainSource Bank decreased dramatically from 9.88% as of June 30, 2013 to 5.46% as of June 30, 2014, resulting in a positive change of 44.72%.This indicates that the balance sheet and financial strength for MainSource Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, MainSource Bank has increased its total deposits by $62.08 million, resulting in 2.82% 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 MainSource Bank has shown is above average.



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. MainSource Bank has $2.84 billion in assets with $376.28 million in equity, resulting in a capitalization level of 13.23%, which is excellent.

Institution Statistics

FDIC Certificate #5766
Year Established1904
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.84 billion
Loans$1.68 billion
Deposits$2.27 billion
Equity Capital$352.41 million
Loan Loss Allowance$23.87 million
Unbacked Noncurrent Loans$16.82 million
Real Estate Owned$3.72 million
Historic Data - June 2013
Assets$2.76 billion
Equity Capital$337.14 million
Loan Loss Allowance$28.00 million
Unbacked Noncurrent Loans$16.82 million
Real Estate Owned$5.18 million
Profit Margin - Quarterly
Return on Assets1.16%
Return on Equity9.75%
Interest Income$50.68 million

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MainSource Bank has 77 locations. Click to view all MainSource Bank locations.