Salin Bank and Trust Company is headquartered in Indianapolis and is the 17st largest bank in the state of Indiana. It is also the 867th largest bank in the nation. It was established in 1902 and as of December of 2013, it had grown to 175 employees at 24 locations. Salin Bank and Trust Company has a B health rating.
I have been very disappointed with it's customer service, and I will never bank with them again.
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, ...............................!!!!!!!
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.
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 Salin Bank and Trust Company had $19.31 million in non-current loans and owned real-estate with $98.78 million in equity and loan loss allowances on hand to cover it. This gives Salin Bank and Trust Company a Texas Ratio of 19.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Salin Bank and Trust Company decreased slightly from 24.00% as of December 31, 2012 to 19.55% as of December 31, 2013, resulting in a positive change of 18.54%.This indicates that the balance sheet and financial strength for Salin Bank and Trust Company has improved slightly in recent periods.
In the past year, Salin Bank and Trust Company has decreased its total deposits by -$67.14 million, resulting in -9.77% 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.
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 $778.95 million in assets with $98.78 million in equity, resulting in a capitalization level of 12.68%, which is excellent.
|FDIC Certificate #||9092|
|Assets and Liabilities|
|Equity Capital||$89.18 million|
|Loan Loss Allowance||$9.60 million|
|Unbacked Noncurrent Loans||$7.46 million|
|Real Estate Owned||$11.85 million|
|Historic Data - December 2012|
|Equity Capital||$92.18 million|
|Loan Loss Allowance||$10.44 million|
|Unbacked Noncurrent Loans||$7.46 million|
|Real Estate Owned||$10.38 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.77%|
|Return on Assets||0.89%|
|Return on Equity||8.04%|
|Interest Income||$30.67 million|
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|0.11%||$100k||-||Premier Personal Savings|
|0.11%||$100k||-||IRA Savings Account|
|0.03%||$10k||-||Premier Personal Checking|
|0.02%||-||-||50+ Free Interest Checking|
|0.02%||-||-||VIP Free Interest Checking|
|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|
|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|