The New Washington State Bank

Overview / Commentary

www.newwashbank.com

812-293-3321

402 E Main Street
New Washington, IN 47162

The New Washington State Bank is headquartered in New Washington and is the 40^th largest bank in the state of Indiana. It is also the 1,968^th largest bank in the nation. It was established in 1908 and as of December of 2020, it had grown to 91 employees at 9 locations. The New Washington State Bank has an A health rating.

Reviews (1)

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One of the best parts about small town living

Posted by: fawnwest | Oct 5, 2017

As much as I hate small town, I happen to have moved to one (blame love!) and even though I'm still coming to terms with my move, I've quickly discovered that banking with a small bank (NWSB) far surpasses any other banking experience I've ever had. The small town personal touch is evident from the second you walk through the door when pretty much everyone knows you by name - seriously, they do and they ask about your kids and family. The employees are warm and it feels like they're invested in your life and general well being and for that alone, they'll have my business for as long as I live in this town. I think their fees are generally on par with other banks but I would love to see them offer better interest rates than other banks because in my experience their rates are a tad higher than with the bigger banks (or maybe it was just my credit?). Either way, NWSB is one of the better banks I've banked at and I wouldn't hesitate to recommend it to everyone!

Comment

Health

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	13305
Year Established	1908
Employees	91
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.54%
Return on Equity - YTD	15.64%
Annual Interest Income	$15.4MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$397.0MM$343.5MM
Loans	Q4 2020vs Q4 2019	$271.0MM$266.4MM
Deposits	Q4 2020vs Q4 2019	$357.8MM$307.2MM
Equity Capital	Q4 2020vs Q4 2019	$38.0MM$35.2MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$3.3MM$3.2MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$385.00K$294.00K
Real Estate Owned	Q4 2020vs Q4 2019	$49.00K$0

Rates

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Savings
Money Market
Checking
CD
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Always verify rates and promotions with the bank or credit union. We are not The New Washington 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 New Washington State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$100	-	Savings

The New Washington State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	MMDA
OTHER TIERS: 0.05% → $1k - $25k \| 0.10% → $25k - $50k

The New Washington State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1k	-	Golden Opportunities Club
0.05%	$500	-	NOW

The New Washington State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%	$500	-	60 Month CD
0.50%	$500	-	48 Month CD
0.45%	$500	-	36 Month CD
0.40%	$500	-	24 Month CD
0.40%	$500	-	30 Month CD
0.30%	$500	-	12 Month CD
0.30%	$500	-	18 Month CD
0.30%	$5k	-	91 Day CD
0.25%	$5k	-	7 Day CD
0.20%	$500	-	6 Month CD

The New Washington State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%	$500	-	60 Month IRA CD
0.50%	$500	-	48 Month IRA CD
0.45%	$500	-	36 Month IRA CD
0.40%	$500	-	24 Month IRA CD
0.40%	$500	-	30 Month IRA CD
0.30%	$5k	-	91 Day IRA CD
0.30%	$500	-	12 Month IRA CD
0.30%	$500	-	18 Month IRA CD
0.25%	$5k	-	7 Day IRA CD
0.20%	$500	-	6 Month IRA CD

Locations

The New Washington State Bank Locations
Charlestown Branch	1083 Market Street	Charlestown, IN 47111
Jeffersonville Branch	1467 Youngstown Center	Jeffersonville, IN 47130
Scottsburg Branch	1770 West Mcclain Avenue	Scottsburg, IN 47170
Henryville Branch	203 Main Street	Henryville, IN 47126
The New Washington State Bank	402 E Main Street	New Washington, IN 47162
Borden Branch	430 West Water Street	Borden, IN 47106
Sellersburg Branch	8509 Old State Road 60	Sellersburg, IN 47172
River Ridge Branch	400 Patrol Road	Jeffersonville, IN 47130
New Albany	123 E. Market Street	New Albany, IN 47150

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