The New Washington State Bank

Overview / Commentary
402 E Main Street
New Washington, IN 47162

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 1,725th largest bank in the nation. It was established in 1908 and as of December of 2023, it had grown to 103 employees at 10 locations. The New Washington State Bank has a B health rating.

Reviews (1)

One of the best parts about small town living

Posted by: |

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!


Health Grade Components

FDIC Certificate #13305
Year Established1908
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD15.61%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$522.9MM$521MM
LoansQ4 2023vs Q4 2022$377.9MM$340.5MM
DepositsQ4 2023vs Q4 2022$470.6MM$479.9MM
Equity CapitalQ4 2023vs Q4 2022$38.4MM$36.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$4.4MM$4.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.5MM$422K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Sorry, we do not have rate data for The New Washington State Bank.


Cities: Borden, Charlestown, Henryville, Jeffersonville, New Albany, New Washington, Scottsburg, Sellersburg

Borden Branches
Borden Branch430 West Water StreetBorden, IN 47106

Charlestown Branches
Charlestown Branch1083 Market StreetCharlestown, IN 47111

Henryville Branches
Henryville Branch203 Main StreetHenryville, IN 47126

Jeffersonville Branches
Jeffersonville Branch1467 Youngstown CenterJeffersonville, IN 47130
River Ridge Branch400 Patrol RoadJeffersonville, IN 47130
The New Washington State Bank Branch228 Spring StreetJeffersonville, IN 47130

New Albany Branches
New Albany123 E. Market StreetNew Albany, IN 47150

New Washington Branches
The New Washington State Bank402 E Main StNew Washington, IN 47162

Scottsburg Branches
Scottsburg Branch1770 West Mcclain AvenueScottsburg, IN 47170

Sellersburg Branches
Sellersburg Branch8509 Old State Road 60Sellersburg, IN 47172

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