The New Washington State Bank
The New Washington State Bank is headquartered in New Washington and is the 36th largest bank in the state of Indiana. It is also the 1,687th largest bank in the nation. It was established in 1908 and as of June of 2022, it had grown to 92 employees at 10 locations. The New Washington State Bank has 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13305 |
| Year Established | 1908 |
| Employees | 92 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 15.43% |
| Annual Interest Income | $8.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $523.3MM$439.3MM |
| Loans | Q2 2022vs Q2 2021 | $315.7MM$301.5MM |
| Deposits | Q2 2022vs Q2 2021 | $482.8MM$400.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $36.6MM$38.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $3.9MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $123.00K$341.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$97.00K |