Overview / Commentary
260-357-3133
120 West King Street
Garrett, IN 46738

The Garrett State Bank is headquartered in Garrett and is the 56th largest bank in the state of Indiana. It is also the 2,570th largest bank in the nation. It was established in 1893 and as of June of 2018, it had grown to 41 employees at 4 locations. The Garrett State Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8074
Year Established1893
Employees41
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD16.6%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$240.9MM$229.2MM
LoansQ2 2018vs Q2 2017$168.0MM$169.7MM
DepositsQ2 2018vs Q2 2017$199.1MM$187.7MM
Equity CapitalQ2 2018vs Q2 2017$23.9MM$22.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.0MM$1.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.2MM$1.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$47.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Garrett State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Garrett State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Christmas Club Savings
0.10%--Passbook Savings

The Garrett State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k

The Garrett State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$20k*-Mainstreet Gold Checking
OTHER TIERS: 0.05% $1k - $20k
0.05%--Mainstreet Green Advantage Checking Account

The Garrett State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$10k-60 Month Mainstreet CD
1.40%$500-60 Month Regular CD
1.20%$10k-48 Month Mainstreet CD
1.10%$500-48 Month Regular CD
1.05%$10k-36 Month Mainstreet CD
0.95%$500-36 Month Regular CD
0.95%$2.5k-36 Month Advantage CD
0.85%$500-24 Month Mainstreet CD
0.80%$500-24 Month Regular CD
0.80%$2.5k-24 Month Advantage CD
0.60%$10k-12 Month 10K CD
0.55%$500-12 Month Mainstreet CD
0.50%$500-12 Month Regular CD
0.45%$500-182 Day Mainstreet CD
0.40%$500-182 Day Regular CD
0.35%$500-91 Day Mainstreet CD
0.30%$500-91 Day Regular CD
0.25%$10k-9 Month 10K Freedom Choice CD
0.20%$1k-9 Month Mainstreet Freedom Choice CD
0.15%$1k-9 Month Freedom Choice CD

The Garrett State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month IRA
1.75%$500-48 Month IRA
1.05%$500-36 Month IRA
0.85%$500-24 Month IRA
0.60%$500-12 Month IRA
0.45%$100-18 Month Variable IRA
0.25%$1k-9 Month Freedom Choice IRA
Locations


The Garrett State Bank Locations
The Garrett State Bank120 West King StreetGarrett, IN 46738
South Branch1341 South Randolph StreetGarrett, IN 46738
Pine Valley Branch811 Mill Lake RoadFort Wayne, IN 46845

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