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Overview / Commentary
48 North Washington Street
Bloomfield, IN 47424

BloomBank is headquartered in Bloomfield and is the 35th largest bank in the state of Indiana. It is also the 1,748th largest bank in the nation. It was established in 1873 and as of September of 2017, it had grown to 129 employees at 14 locations. BloomBank has an A+ health rating.

Reviews (1)

Best Local Bank in Southern Indiana

Posted by: martafry | Aug 25, 2017

Bloombank is very local, it is named after the town where I live; Bloomfield Indiana. Bloombank operates just a handful of banks, all in southern Indiana. Since moving to this town seven years ago, we have used Bloombank exclusively. We have both a savings and checking account. We put a little in the savings account each month, the interest rate is not great, but none of them are. The checking account part is outstanding. The clerks at the bank (including the drive-through) all know us by name, so we no longer have to give an ID when doing business. Everything is always easy, and nice. We chat with the clerks or tellers or whatever they are called and they chat back. Most are from around here so we can chat about local stuff. Also, we have never had a problem with our account, because they have very professional people there. Also, we have a debit card with the bank and use that for almost all of our purchases, and there are no surcharges for it. Also, the bank offers free checkbook balancing, so if we mess up, they do a balance and we do a balance and everything gets straightened out. It's the best little bank I have every dealt with. I can't say enough good things about them.


Health Grade Components

FDIC Certificate #15714
Year Established1873
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD8.78%
Annual Interest Income$11.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$398.8MM$387.2MM
LoansQ3 2017vs Q3 2016$268.4MM$253.2MM
DepositsQ3 2017vs Q3 2016$323.0MM$308.4MM
Equity CapitalQ3 2017vs Q3 2016$47.1MM$47.6MM
Loan Loss AllowanceQ3 2017vs Q3 2016$3.5MM$3.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.5MM$2.3MM
Real Estate OwnedQ3 2017vs Q3 2016$2.0MM$3.9MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

BloomBank Savings Account Rates

0.03%--Statement Savings
0.03%--Junior Savers
0.03%--Christmas Club
0.03%--Business Savings

BloomBank Money Market Rates

0.05%*$25k*-Money Market
OTHER TIERS: 0.01% Up to $25k

BloomBank Checking Account Rates

0.05%*$100k*-Grand Checking
OTHER TIERS: 0.01% $1k - $5k | 0.03% $5k - $100k
0.05%*$100k*-Business Rewards
OTHER TIERS: 0.01% $5k - $50k | 0.03% $50k - $100k

BloomBank CD Rates

1.29%$1k-18 Plus Month Variable CD
0.72%$500-60 Month CD
0.71%$500-42 Month CD Special
0.56%$500-48 Month CD
0.41%$500-36 Month CD
0.40%$5k-13 Month CD Special
0.31%$500-24 Month CD
0.31%$500-30 Month CD
0.16%$500-12 Month CD
0.11%$1k-182 Day CD
0.05%$1k-91 Day CD

BloomBank IRA Rates

1.25%$100-18 Month Variable IRA
0.56%$100-48 Month IRA
0.31%$100-24 Month IRA