The Bippus State Bank is headquartered in Huntington and is the 61st largest bank in the state of Indiana. It is also the 2,894th largest bank in the nation. It was established in 1911 and as of June of 2020, it had grown to 47 employees at 5 locations. The Bippus State Bank's money market rates are 59% higher than the national average, and it has an A health rating.
A good start out bank
When I first opened a savings account I went to Bippus State Bank, because most of the people I know use them. They are a good bank to start out with and a great fit for some people, but I'm really busy so I needed a bank with more online features. They do have great customer service and are one of the faster banks in the area, but their website is lacking. I had to switch to another bank, because with my schedule it's really hard to find time to go to the bank and they don't have a lot of features on their website. Other than their lacking website it is a good bank they don't charge like some other banks in the area do, but if you're a really busy person this isn't the bank for you.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1847 |
| Year Established | 1911 |
| Employees | 47 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.17% |
| Return on Equity - YTD | 19.53% |
| Annual Interest Income | $4.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $215.3MM$180.4MM |
| Loans | Q2 2020vs Q2 2019 | $168.4MM$138.0MM |
| Deposits | Q2 2020vs Q2 2019 | $179.6MM$149.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $23.3MM$19.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.7MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.6MM$760.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |