Owen County State Bank is headquartered in Spencer and is the 75th largest bank in the state of Indiana. It is also the 3,438th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 59 employees at 4 locations. Owen County State Bank has a A health rating.
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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 Owen County State Bank had $1.18 million in non-current loans and owned real-estate with $18.65 million in equity and loan loss allowances on hand to cover it. This gives Owen County State Bank a Texas Ratio of 6.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Owen County State Bank decreased slightly from 8.57% as of December 31, 2012 to 6.32% as of December 31, 2013, resulting in a positive change of 26.21%.This indicates that the balance sheet and financial strength for Owen County State Bank has improved slightly in recent periods.
In the past year, Owen County State Bank has decreased its total deposits by -$2.82 million, resulting in -1.84% 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 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 $168.94 million in assets with $18.65 million in equity, resulting in a capitalization level of 11.04%, which is excellent.
|FDIC Certificate #||13112|
|Assets and Liabilities|
|Equity Capital||$17.61 million|
|Loan Loss Allowance||$1.05 million|
|Unbacked Noncurrent Loans||$830,000|
|Real Estate Owned||$349,000|
|Historic Data - December 2012|
|Equity Capital||$17.82 million|
|Loan Loss Allowance||$1.43 million|
|Unbacked Noncurrent Loans||$830,000|
|Real Estate Owned||$398,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.67%|
|Return on Assets||0.56%|
|Return on Equity||5.46%|
|Interest Income||$6.94 million|
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|0.05%||-||-||Business Statement Savings|
|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|
|0.05%||-||-||Classic Choice PLUS|
|0.05%||-||-||First Choice PLUS|
|1.30%||$500||-||60 Month CD|
|1.15%||$500||-||48 Month CD|
|0.55%||$500||-||36 Month CD|
|0.40%||$500||-||30 Month CD|
|0.35%||$500||-||24 Month CD|
|0.25%||$500||-||18 Month CD|
|0.20%||$500||-||12 Month CD|
|0.10%||$1k||-||6 Month CD|
|0.05%||$1k||-||32 - 90 Day CD|
|0.05%||$1k||-||3 Month CD|
|1.30%||$500||-||60 Month IRA (Traditional,Roth)|
|1.15%||$500||-||48 Month IRA (Traditional,Roth)|
|0.55%||$500||-||36 Month IRA (Traditional,Roth)|
|0.40%||$500||-||30 Month IRA (Traditional,Roth)|
|0.35%||$500||-||24 Month IRA (Traditional,Roth)|
|0.25%||$500||-||18 Month IRA (Traditional,Roth)|
|0.20%||$500||-||12 Month IRA (Traditional,Roth)|
|0.10%||$1k||-||6 Month IRA (Traditional,Roth)|
|0.05%||$1k||-||32 - 90 Day IRA (Traditional,Roth)|
|0.05%||$1k||-||3 Month IRA (Traditional,Roth)|
|Owen County State Bank Locations|
|Owen County State Bank||201 West Morgan Street||Spencer, IN 47460|
|Bloomington Branch||3419 West State Road 46||Bloomington, IN 47401|
|East Morgan Street Branch||524 East Morgan Street||Spencer, IN 47460|
|Gosport Branch||West Main Street||Gosport, IN 47433|