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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 41st largest bank in the state of Indiana. It is also the 1,947th largest bank in the nation. It was established in 1908 and as of June of 2020, it had grown to 85 employees at 9 locations. The New Washington State Bank has an A+ 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!

1


Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #13305
Year Established1908
Employees85
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.57%
Return on Equity - YTD15.8%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$391.3MM$339.8MM
LoansQ2 2020vs Q2 2019$269.7MM$269.3MM
DepositsQ2 2020vs Q2 2019$353.5MM$305.0MM
Equity CapitalQ2 2020vs Q2 2019$37.1MM$34.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.2MM$3.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$422.00K$539.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$165.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-Savings

The New Washington State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-MMDA
OTHER TIERS: 0.05% → $1k - $25k | 0.10% → $25k - $50k

The New Washington State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Golden Opportunities Club
0.05%$500-NOW

The New Washington State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$500-60 Month CD
0.85%$500-48 Month CD
0.70%$500-36 Month CD
0.60%$500-24 Month CD
0.60%$500-30 Month CD
0.50%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
0.30%$5k-91 Day CD
0.25%$5k-7 Day CD
Locations


The New Washington State Bank Locations
Charlestown Branch1083 Market StreetCharlestown, IN 47111
Jeffersonville Branch1467 Youngstown CenterJeffersonville, IN 47130
Scottsburg Branch1770 West Mcclain AvenueScottsburg, IN 47170
Henryville Branch203 Main StreetHenryville, IN 47126
The New Washington State Bank402 E Main StreetNew Washington, IN 47162
Borden Branch430 West Water StreetBorden, IN 47106
Sellersburg Branch8509 Old State Road 60Sellersburg, IN 47172
River Ridge Branch400 Patrol RoadJeffersonville, IN 47130
New Albany123 E. Market StreetNew Albany, IN 47150

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