The New Washington State Bank is headquartered in New Washington and is the 40th largest bank in the state of Indiana. It is also the 1,977th largest bank in the nation. It was established in 1908 and as of June of 2019, it had grown to 91 employees at 8 locations. The New Washington State Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
One of the best parts about small town living
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13305 |
| Year Established | 1908 |
| Employees | 91 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.6% |
| Return on Equity - YTD | 16.04% |
| Annual Interest Income | $7.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $339.8MM$319.9MM |
| Loans | Q2 2019vs Q2 2018 | $269.3MM$258.0MM |
| Deposits | Q2 2019vs Q2 2018 | $305.0MM$287.7MM |
| Equity Capital | Q2 2019vs Q2 2018 | $34.2MM$31.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.2MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $539.00K$16.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $165.00K$214.00K |
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 |
|---|---|---|---|---|
| 0.25% | $100 | - | Savings |
The New Washington State Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $50k* | - | MMDA | ||
| OTHER TIERS: 0.20% → $1k - $25k | 0.30% → $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
| 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 |