The New Washington State Bank is headquartered in NEW WASHINGTON and is the 39th largest bank in the state of Indiana. It is also the 1,703rd largest bank in the nation. It was established in 1908 and as of June of 2023, it had grown to 98 employees at 10 locations. The New Washington State Bank's money market rates are 8X the national average, and it has a B+ health rating.
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!
Overall | |
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FDIC Certificate # | 13305 |
Year Established | 1908 |
Employees | 98 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.24% |
Return on Equity - YTD | 17.13% |
Annual Interest Income | $10.9MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $522.1MM$523.3MM |
Loans | Q2 2023vs Q2 2022 | $362.3MM$315.7MM |
Deposits | Q2 2023vs Q2 2022 | $478.0MM$482.8MM |
Equity Capital | Q2 2023vs Q2 2022 | $37.1MM$36.6MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.2MM$3.9MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $93.00K$123.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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3.50%* | $100k* | - | NWSB Max Money Market Account | ||
OTHER TIERS: 0.50% → $1k - $50k | 3.00% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | $5k | - | 8 Month CD Special |
Borden Branches | ||
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Borden Branch | 430 West Water Street | Borden, IN 47106 |
Charlestown Branches | ||
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Charlestown Branch | 1083 Market Street | Charlestown, IN 47111 |
Henryville Branches | ||
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Henryville Branch | 203 Main Street | Henryville, IN 47126 |
Jeffersonville Branches | ||
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Jeffersonville Branch | 1467 Youngstown Center | Jeffersonville, IN 47130 |
River Ridge Branch | 400 Patrol Road | Jeffersonville, IN 47130 |
The New Washington State Bank Branch | 228 Spring Street | Jeffersonville, IN 47130 |
New Albany Branches | ||
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New Albany | 123 E. Market Street | New Albany, IN 47150 |
New Washington Branches | ||
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The New Washington State Bank | 402 E Main St | New Washington, IN 47162 |
Scottsburg Branches | ||
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Scottsburg Branch | 1770 West Mcclain Avenue | Scottsburg, IN 47170 |
Sellersburg Branches | ||
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Sellersburg Branch | 8509 Old State Road 60 | Sellersburg, IN 47172 |