DeMotte State Bank is headquartered in DEMOTTE and is the 38th largest bank in the state of Indiana. It is also the 1,680th largest bank in the nation. It was established in 1942 and as of September of 2024, it had grown to 118 employees at 10 locations. DeMotte State Bank 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fraud without any valid reason (no suspicious charges) when my monthly automatic payments (ACH's) were scheduled to be withdrawn.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.
Overall | |
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FDIC Certificate # | 15883 |
Year Established | 1942 |
Employees | 118 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.89% |
Return on Equity - YTD | 11.8% |
Annual Interest Income | $18.3MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $548.5MM$529.1MM |
Loans | Q3 2024vs Q3 2023 | $253MM$237.6MM |
Deposits | Q3 2024vs Q3 2023 | $446.4MM$448.9MM |
Equity Capital | Q3 2024vs Q3 2023 | $47.3MM$30.5MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.5MM$3.4MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $656K$1.8MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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