The Fairmount State Bank
Fairmount, IN
IDRSSD: 503547
Total Assets
$58.01M
Latest filing
Total Deposits
$47.38M
Latest filing
Net Interest Margin
4.27%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
The Fairmount State Bank
101 N Main St
Fairmount, IN 46928
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/18/1902FDIC Certificate 1215
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| The Fairmount State Bank (Main) | 101 N Main St | Fairmount, IN | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 12/18/1902 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 46928 |
| State and County Number | 18053 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 07 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Marion, IN |
Operational Info
| Number of Employees | 15 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fairmountstatebank.com |
| Data Updated | 01/30/2026 |
| CERT | 1829 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $58.01M |
| Total Deposits | $47.38M |
| Total Liabilities | $51.07M |
| Total Equity Capital | $6.93M |
| Net Income | $-61,000 |
| Net Loans and Leases | $44.82M |
| Assets Per Employee ($Millions) | $4.14M |
| Bank Premises and Fixed Assets | $157.00k |
| Cash and Balances due from Depository Institutions | $3.68M |
| Deposits Held in Domestic Offices | $47.38M |
Key Performance Ratios
| Return on Assets (ROA) | -0.42% |
| Return on Equity (ROE) | -3.53% |
| Net Interest Margin | 4.27% |
| Efficiency Ratio | 95.05% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.64% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.952% |
| Earning Assets to total Assets | 95.16% |
Income and Expense
| Total Interest Income | $786.00k |
| Total Noninterest Income | $70.00k |
| Total Interest Expense | $189.00k |
| Total Noninterest Expense | $634.00k |
| Net Interest Income | $597.00k |
| Pre-tax Net Operating Income | $-61,000 |
| Provision for Credit Losses | $94.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $3.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $199.00k |
| Total Liabilities and Capital | $58.01M |
Securities
| Securities | $8.05M |
| Available-for-sale debt securities | $8.05M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The Fairmount State Bank?
$58.01M as of the latest filing.
How much are The Fairmount State Bank's total deposits?
$47.38M in total deposits.
Where is The Fairmount State Bank located?
Fairmount, IN.
What is the Net Interest Margin?
4.27%.
How many domestic offices does it operate?
1.
When was it established?
12/18/1902.
What is the Return on Assets (ROA)?
-0.42%.
How much are total loans and leases?
$44.82M (latest filing).
What is the total interest income (latest filing)?
$786.00k.