Owen County State Bank is headquartered in Spencer and is the 53rd largest bank in the state of Indiana. It is also the 2,516th largest bank in the nation. It was established in 1934 and as of December of 2020, it had grown to 77 employees at 7 locations. Owen County State Bank has an A+ health rating.
Horrible Customer Service
I was excited to see the first local brick and mortar in my town with a reasonable, competitive kasasa checking account. I was willing to do either online application or in-branch. In the end, neither worked out due to staff incompetence and a lack of customer service. After three experiences over two and a half days, I gave up. I recommend people stay away and stick with regional Evansville Teachers or Lake Michigan CU (they pay a higher rate anyway). Even Hoosier Heartland has a slightly better rate, with really good customer service.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13112 |
| Year Established | 1934 |
| Employees | 77 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 6.3% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $279.2MM$232.4MM |
| Loans | Q4 2020vs Q4 2019 | $161.5MM$163.4MM |
| Deposits | Q4 2020vs Q4 2019 | $234.3MM$195.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $30.0MM$22.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.2MM$1.9MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $612.00K$564.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $40.00K$322.00K |