Owen County State Bank is headquartered in SPENCER and is the 54th largest bank in the state of Indiana. It is also the 2,199th largest bank in the nation. It was established in 1934 and as of March of 2025, it had grown to 77 employees at 8 locations. Owen County State Bank has a B 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 Q1 2025
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 | 0.57% |
| Return on Equity - YTD | 9.39% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $369.2MM$341.5MM |
| Loans | Q1 2025vs Q1 2024 | $250.1MM$220.5MM |
| Deposits | Q1 2025vs Q1 2024 | $291.7MM$289MM |
| Equity Capital | Q1 2025vs Q1 2024 | $23.1MM$20.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $3.3MM$2.8MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2MM$1.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $419K$351K |