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201 West Morgan Street
Spencer, IN 47460

Owen County State Bank is headquartered in Spencer and is the 75th largest bank in the state of Indiana. It is also the 3,421st largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 59 employees at 4 locations. Owen County State Bank has a A health rating.

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Data for Q1 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 March 31, 2014 Owen County State Bank had $1.57 million in non-current loans and owned real-estate with $18.87 million in equity and loan loss allowances on hand to cover it. This gives Owen County State Bank a Texas Ratio of 8.34% 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 Owen County State Bank decreased dramatically from 12.99% as of March 31, 2013 to 8.34% as of March 31, 2014, resulting in a positive change of 35.78%.This indicates that the balance sheet and financial strength for Owen County State Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Owen County State Bank has increased its total deposits by $2.92 million, resulting in 1.98% 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 Owen County State 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. Owen County State Bank has $169.02 million in assets with $18.87 million in equity, resulting in a capitalization level of 11.16%, which is excellent.

Institution Statistics

FDIC Certificate #13112
Year Established1934
Primary RegulatorFDIC
Assets and Liabilities
Assets$169.02 million
Loans$96.03 million
Deposits$150.34 million
Equity Capital$17.82 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$349,000
Historic Data - March 2013
Assets$173.92 million
Equity Capital$17.92 million
Loan Loss Allowance$1.43 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$398,000
Profit Margin - Quarterly
Return on Assets0.33%
Return on Equity3.14%
Interest Income$1.62 million

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Owen County State Bank Savings Account Rates

0.25%--Christmas Club
0.05%--Statement Savings
0.05%--Business Statement Savings

Owen County State Bank Money Market Rates

0.13%$100k-Choice Money Market Savings
0.13%$100k-Business Choice Money Market Savings
0.01%--Business Money Management Checking
0.01%--Money Management Checking

Owen County State Bank Checking Account Rates

0.05%--Classic Choice PLUS
0.05%--First Choice PLUS
0.01%--First Choice
0.01%--Classic Choice

Owen County State Bank CD Rates

1.40%$500-60 Month CD
1.35%$500-48 Month CD
0.85%$500-36 Month CD
0.70%$500-30 Month CD
0.65%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.10%$1k-6 Month CD
0.05%$1k-32 - 90 Day CD
0.05%$1k-3 Month CD

Owen County State Bank IRA Rates

1.40%$500-60 Month IRA
1.35%$500-48 Month IRA
0.85%$500-36 Month IRA
0.70%$500-30 Month IRA
0.65%$500-24 Month IRA
0.30%$500-18 Month IRA
0.25%$500-12 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-32 - 90 Day IRA
0.05%$1k-3 Month IRA

Owen County State Bank Locations
Owen County State Bank201 West Morgan StreetSpencer, IN 47460
Bloomington Branch3419 West State Road 46Bloomington, IN 47401
East Morgan Street Branch524 East Morgan StreetSpencer, IN 47460
Gosport BranchWest Main StreetGosport, IN 47433