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Overview / Commentary
800-320-7536
8455 Keystone Crossing Drive
Indianapolis, IN 46240

Salin Bank and Trust Company is headquartered in Indianapolis and is the 17st largest bank in the state of Indiana. It is also the 869th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 170 employees at 24 locations. Salin Bank and Trust Company has a B health rating.

Reviews (3)

Poor Customer Service

I have been very disappointed with it's customer service, and I will never bank with them again.

JOKE DONT BANK HERE

This bank is a total joke. I put my money in their ATM on a Friday, and couldn't get any of it out until Tuesday afternoon. If you don't have a lot of money like me, DON'T BANK here. The customer service is terrible, they tell you one thing then call you and say "oh sorry we can't do that." They are ridiculous, and the workers are unprofessional. They say "we will call you right back," and 3 hours later you will have to call them, and I will let it be known also that they 3rd party out some of there ATMs. Are you sure you want a 3rd party seeing you deposits, and also if you get fed up wit them there is a $25 FEEE for closing your account. Anything to suck you out of your money. PLEASE DON'T BANK here, ...............................!!!!!!!

Great Customer Service

Every time I enter a Salin Bank location I am greeted not only as a customer, but as a friend. The employees take great care of my financial needs and are quick to resolve any problems that I may have. Their product line is very competitive and continue to upgrade their technology. Salin Bank is a company that embraces the community bank philosophy and I'm proud to call Salin Bank my bank.



Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B

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 Salin Bank and Trust Company had $17.98 million in non-current loans and owned real-estate with $100.01 million in equity and loan loss allowances on hand to cover it. This gives Salin Bank and Trust Company a Texas Ratio of 17.98% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Salin Bank and Trust Company decreased slightly from 21.92% as of March 31, 2013 to 17.98% as of March 31, 2014, resulting in a positive change of 17.97%.This indicates that the balance sheet and financial strength for Salin Bank and Trust Company has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Salin Bank and Trust Company has decreased its total deposits by -$46 million, resulting in -6.77% 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 Salin Bank and Trust Company has shown is below average.

Capitalization

GRADE:
A+

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. Salin Bank and Trust Company has $786.78 million in assets with $100.01 million in equity, resulting in a capitalization level of 12.71%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #9092
Year Established1902
Employees170
Primary RegulatorFED
Assets and Liabilities
Assets$786.78 million
Loans$507.90 million
Deposits$633.28 million
Equity Capital$90.42 million
Loan Loss Allowance$9.59 million
Unbacked Noncurrent Loans$6.89 million
Real Estate Owned$11.09 million
Historic Data - March 2013
Assets$848.52 million
Equity Capital$93.04 million
Loan Loss Allowance$10.34 million
Unbacked Noncurrent Loans$6.89 million
Real Estate Owned$12.37 million
Profit Margin - Quarterly
Net Interest Margin3.73%
Return on Assets0.95%
Return on Equity8.29%
Interest Income$7.06 million
Rates
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Salin Bank and Trust Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.11%$100k-Premier Personal Savings
0.11%$100k-IRA Savings Account
0.04%$25k-Statement Savings

Salin Bank and Trust Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$10k-Premier Personal Checking
0.02%--50+ Free Interest Checking
0.02%--VIP Free Interest Checking

Salin Bank and Trust Company CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1,500-43 Month CD Special
0.80%$1,500-60 Month CD
0.60%$1,500-48 Month CD
0.45%$1,500-36 Month CD
0.35%$1,500-30 Month CD
0.34%$1,500-16 Month CD Special
0.30%$1,500-24 Month CD
0.25%$1,500-18 Month CD
0.22%$1,500-12 Month CD
0.11%$1,500-6 Month CD
0.11%$1,500-8 Month CD
0.07%$1,500-3 Month CD

Salin Bank and Trust Company IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$1,500-60 Month Fixed IRA
0.80%$1,500-60 Month Fixed ROTH IRA
0.80%$500-60 Month Fixed Education IRA
0.60%$1,500-48 Month Fixed IRA
0.45%$1,500-36 Month Fixed IRA
0.45%$1,500-36 Month Fixed ROTH IRA
0.25%$1,500-18 Month Variable ROTH IRA
0.22%$1,500-12 Month Fixed IRA
0.22%$1,500-12 Month Fixed ROTH IRA
0.22%$500-12 Month Fixed Education IRA
Locations

Salin Bank and Trust Company has 24 locations. Click to view all Salin Bank and Trust Company locations.