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 40th largest bank in the state of Indiana. It is also the 1,908th largest bank in the nation. It was established in 1908 and as of June of 2021, it had grown to 91 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

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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 - YTD1.43%
Return on Equity - YTD15.59%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$439.3MM$391.3MM
LoansQ2 2021vs Q2 2020$301.5MM$269.7MM
DepositsQ2 2021vs Q2 2020$400.0MM$353.5MM
Equity CapitalQ2 2021vs Q2 2020$38.6MM$37.1MM
Loan Loss AllowanceQ2 2021vs Q2 2020$3.6MM$3.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$341.00K$422.00K
Real Estate OwnedQ2 2021vs Q2 2020$97.00K$0
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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


The New Washington State Bank Money Market Rates

OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $50k

The New Washington State Bank Checking Account Rates

0.05%$1k-Golden Opportunities Club

The New Washington State Bank CD Rates

0.55%$500-60 Month CD
0.50%$500-48 Month CD
0.45%$500-36 Month CD
0.40%$500-24 Month CD
0.40%$500-30 Month CD
0.30%$500-12 Month CD
0.30%$500-18 Month CD
0.30%$5k-91 Day CD
0.25%$5k-7 Day CD
0.20%$500-6 Month CD

The New Washington State Bank IRA Rates

0.55%$500-60 Month IRA CD
0.50%$500-48 Month IRA CD
0.45%$500-36 Month IRA CD
0.40%$500-24 Month IRA CD
0.40%$500-30 Month IRA CD
0.30%$5k-91 Day IRA CD
0.30%$500-12 Month IRA CD
0.30%$500-18 Month IRA CD
0.25%$5k-7 Day IRA CD
0.20%$500-6 Month IRA CD

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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