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Overview / Commentary
800-319-6110
48 North Washington Street
Bloomfield, IN 47424

BloomBank is headquartered in Bloomfield and is the 36th largest bank in the state of Indiana. It is also the 1,738th largest bank in the nation. It was established in 1873 and as of June of 2017, it had grown to 125 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

Health Grade Components

Overall
FDIC Certificate #15714
Year Established1873
Employees125
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.83%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$398.3MM$404.3MM
LoansQ2 2017vs Q2 2016$266.4MM$260.6MM
DepositsQ2 2017vs Q2 2016$324.2MM$320.4MM
Equity CapitalQ2 2017vs Q2 2016$46.0MM$48.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.4MM$4.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.0MM$2.1MM
Real Estate OwnedQ2 2017vs Q2 2016$3.3MM$5.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not BloomBank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Statement Savings Account
0.03%--Christmas Club Account

BloomBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$25k*-Money Market Checking Account
OTHER TIERS: 0.01% Up to $25k

BloomBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$100k*-Grand Checking Accounts
OTHER TIERS: 0.01% $1k - $5k | 0.03% $5k - $100k

BloomBank CD Rates

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

Availability