The Garrett State Bank

Overview / Commentary
120 West King Street
Garrett, IN 46738

The Garrett State Bank is headquartered in Garrett and is the 52nd largest bank in the state of Indiana. It is also the 2,478th largest bank in the nation. It was established in 1893 and as of September of 2021, it had grown to 40 employees at 4 locations. The Garrett State Bank has an A health rating.


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Health Grade Components

FDIC Certificate #8074
Year Established1893
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.74%
Return on Equity - YTD17.35%
Annual Interest Income$8.3MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$304.6MM$288.0MM
LoansQ3 2021vs Q3 2020$231.2MM$203.2MM
DepositsQ3 2021vs Q3 2020$259.4MM$241.5MM
Equity CapitalQ3 2021vs Q3 2020$31.0MM$29.6MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.3MM$2.2MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$1.3MM$1.2MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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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

0.50%--Christmas Club Savings
0.05%--Passbook Savings

The Garrett State Bank Money Market Rates

0.10%*$25k*-Money Market
OTHER TIERS: 0.05% Up to $5k | 0.08% $5k - $25k

The Garrett State Bank Checking Account Rates

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

0.80%$10k-60 Month Mainstreet CD
0.75%$500-60 Month Regular CD
0.70%$1k-50 Month 125th Anniversary Special
0.65%$10k-48 Month Mainstreet CD
0.60%$500-48 Month Regular CD
0.55%$10k-36 Month Mainstreet CD
0.55%$500-24 Month Mainstreet CD
0.50%$500-36 Month Regular CD
0.50%$500-24 Month Regular CD
0.50%$2.5k-24 Month Advantage CD
0.50%$2.5k-36 Month Advantage CD
0.30%$10k-12 Month 10K CD
0.30%$10k-9 Month 10K Freedom Choice CD
0.25%$500-12 Month Mainstreet CD
0.25%$1k-9 Month Mainstreet Freedom Choice CD
0.20%$500-12 Month Regular CD
0.20%$1k-9 Month Freedom Choice CD
0.15%$500-182 Day Mainstreet CD
0.15%$1k-18 Month 125th Anniversary Special
0.10%$500-182 Day Regular CD
0.10%$500-91 Day Mainstreet CD
0.05%$500-91 Day Regular CD

The Garrett State Bank IRA Rates

0.85%$500-60 Month IRA
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.60%$500-24 Month IRA
0.45%$100-18 Month Variable IRA
0.30%$500-12 Month IRA
0.30%$1k-9 Month Freedom Choice IRA

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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