DeMotte State Bank is headquartered in Demotte and is the 34th largest bank in the state of Indiana. It is also the 1,656th largest bank in the nation. It was established in 1942 and as of June of 2022, it had grown to 114 employees at 11 locations. DeMotte State Bank's savings rates are 5X the national average, and it has a B+ health rating.
My husband notified the bank of a fraudulent charge that was going to effect his debit card prior to actually hitting his account. The bank willing allowed the charges to go through - they did not even attempt to stop the charges. We made a claim with the FDIC in order to resolve the issue. The bank retaliated by putting a hold on my account (different account than my husband) for suspected fraud without any valid reason (no suspicious charges) when my monthly automatic payments (ACH's) were scheduled to be withdrawn. This caused issues with the companies needing to be paid (electric, telephone, insurance & television service). I was able to straighten them all out without and additional costs but I had to spend time getting it resolved. The "manager" (teller supervisor) at the Roselawn branch is rude, and does not present herself anywhere close to professionally in appearance or attitude.
Terrible customer service. Even the manager was rude. Was given false info multiple times and had nothing but problems.
Overall | |
---|---|
FDIC Certificate # | 15883 |
Year Established | 1942 |
Employees | 114 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.84% |
Return on Equity - YTD | 9.87% |
Annual Interest Income | $8.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $536.5MM$530.7MM |
Loans | Q2 2022vs Q2 2021 | $219.8MM$224.7MM |
Deposits | Q2 2022vs Q2 2021 | $473.7MM$436.5MM |
Equity Capital | Q2 2022vs Q2 2021 | $36.4MM$58.9MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $3.3MM$3.3MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.2MM$2.5MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$71.00K |
Always verify rates and promotions with the bank or credit union. We are not DeMotte State Bank; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.79% | $100 | - | Savings Growth Account | |
0.05% | $5 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | $100k* | - | Smart Investor Money Market Account | ||
OTHER TIERS: 0.25% → $2.5k - $50k | 0.75% → $50k - $100k | |||||
0.20% | $2.5k | - | Super Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $100k* | - | Prime Account | ||
OTHER TIERS: 0.05% → $2.5k - $50k | 0.10% → $50k - $100k |