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 1,703rd 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.

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 - YTD1.24%
Return on Equity - YTD17.13%
Annual Interest Income$10.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$522.1MM$523.3MM
LoansQ2 2023vs Q2 2022$362.3MM$315.7MM
DepositsQ2 2023vs Q2 2022$478.0MM$482.8MM
Equity CapitalQ2 2023vs Q2 2022$37.1MM$36.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$4.2MM$3.9MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$93.00K$123.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The New Washington State Bank Money Market Rates

3.50%*$100k*-NWSB Max Money Market Account
OTHER TIERS: 0.50% $1k - $50k | 3.00% $50k - $100k

The New Washington State Bank CD Rates

4.00%$5k-8 Month CD Special

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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