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Overview / Commentary
812-293-3321
402 E Main Street
New Washington, IN 47162

The New Washington State Bank is headquartered in New Washington and is the 59th largest bank in the state of Indiana. It is also the 2,654th largest bank in the nation. It was established in 1908 and as of December of 2013, it had grown to 74 employees at 8 locations. The New Washington State Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 The New Washington State Bank had $3.11 million in non-current loans and owned real-estate with $29.57 million in equity and loan loss allowances on hand to cover it. This gives The New Washington State Bank a Texas Ratio of 10.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The New Washington State Bank experienced no significant changes from 11.56% as of December 31, 2012 to 10.52% as of December 31, 2013, resulting in a positive change of 9.02%.This indicates that the balance sheet and financial strength for The New Washington State Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, The New Washington State Bank has decreased its total deposits by -$4.81 million, resulting in -2.23% 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 The New Washington State Bank has shown is 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. The New Washington State Bank has $238.26 million in assets with $29.57 million in equity, resulting in a capitalization level of 12.41%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13305
Year Established1908
Employees74
Primary RegulatorFDIC
Assets and Liabilities
Assets$238.26 million
Loans$191.60 million
Deposits$211.15 million
Equity Capital$26.42 million
Loan Loss Allowance$3.15 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$1.91 million
Historic Data - December 2012
Assets$242.66 million
Equity Capital$26.27 million
Loan Loss Allowance$3.16 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$1.46 million
Profit Margin - Quarterly
Net Interest Margin4.89%
Return on Assets1.57%
Return on Equity14.35%
Interest Income$12.13 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The New Washington State Bank, we are a rate comparison website and can not provide official rates or promotions.

The New Washington State Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Savings Account
0.05%$1k-Golden Opportunities Club

The New Washington State Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market Deposit Account

The New Washington State Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Now

The New Washington State Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$500-60 Month CD
0.80%$500-48 Month CD
0.65%$500-36 Month CD
0.55%$500-30 Month CD
0.50%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD
0.20%$5k-91 Day CD
0.10%$5k-7 Day CD
Locations


The New Washington State Bank Locations
Charlestown Branch1083 Market StreetCharlestown, IN 47111
Jeffersonville Branch1467 Youngstown CenterJeffersonville, IN 47130
Scottsburg Branch1770 West Mcclain AvenueScottsburg, IN 47170
Henryville Branch203 Main StreetHenryville, IN 47126
Charlestown Drive-Thru Branch248 Market St.Charlestown, IN 47111
The New Washington State Bank402 E Main StreetNew Washington, IN 47162
Borden Branch430 West Water StreetBorden, IN 47106
Sellersburg Branch8509 Old State Road 60Sellersburg, IN 47172