MainSource Bank is headquartered in Greensburg and is the 5th largest bank in the state of Indiana. It is also the 266th largest bank in the nation. It was established in 1904 and as of March of 2016, it had grown to 718 employees at 89 locations. MainSource Bank has an A+ health rating.
Main Source bank sponsors "student of the month" at my child's elementary school. My daughter won a $25 saving account a few years ago. We do not normally bank at MainSource Bank but I opened the account for my child since she won $25 to deposit. Anyhow, we forgot about the account and the bank charged her account $5 a month for 4 months because the account was not active. When I went to the bank to inquire about her account there was only $5 in her account due to bank fees. Oh well, easy come easy go. It seems like the bank should exempt children from their fees. I don't think I'll be opening an account anytime soon.
I don't think it is correct on the amount of people they have working for them. They have let many employees go that have been working for them for many years. They are lacking in customer service more than any bank I know of. Customers are now waiting in line without any type of acknowledgement from employees. Very poor bank to be calling themselves hometown. They are trying to be big town, but not very successful.
|FDIC Certificate #||5766|
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||9.91%|
|Annual Interest Income||$28.7MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$3.41B$3.16B|
|Loans||Q1 2016vs Q1 2015||$2.14B$1.97B|
|Deposits||Q1 2016vs Q1 2015||$2.66B$2.48B|
|Equity Capital||Q1 2016vs Q1 2015||$407.2MM$394.0MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$21.1MM$22.6MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$11.1MM$14.0MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$1.9MM$2.2MM|
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