The Garrett State Bank
Garrett, IN
IDRSSD: 465243
Total Assets
$373.48M
Latest filing
Total Deposits
$315.77M
Latest filing
Net Interest Margin
3.30%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The Garrett State Bank
120 W King St
Garrett, IN 46738
Full Service - Brick and Mortar
Updated 11/14/2025Established 11/01/1893FDIC Certificate 5134
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The Garrett State Bank (Main) | 120 W King St | Garrett, IN |
| PINE VALLEY BRANCH | 811 Mill Lake Rd | Fort Wayne, IN |
| SOUTH BRANCH | 1341 S Randolph St | Garrett, IN |
| ASHLEY BRANCH | 502 S Gonser Ave | Ashley, IN |
Showing 3 of 3
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 | 11/01/1893 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 46738 |
| State and County Number | 18033 |
| Subchapter S Corporations | Yes |
| 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 | Auburn, IN |
Operational Info
| Number of Employees | 38 |
| Domestic Offices | 4 |
| 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.garrettstatebank.com |
| Data Updated | 11/14/2025 |
| CERT | 8074 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $373.48M |
| Total Deposits | $315.77M |
| Total Liabilities | $335.82M |
| Total Equity Capital | $37.66M |
| Net Income | $1.49M |
| Net Loans and Leases | $277.87M |
| Assets Per Employee ($Millions) | $10.09M |
| Bank Premises and Fixed Assets | $2.51M |
| Cash and Balances due from Depository Institutions | $28.53M |
| Deposits Held in Domestic Offices | $315.77M |
Key Performance Ratios
| Return on Assets (ROA) | 1.57% |
| Return on Equity (ROE) | 16.17% |
| Net Interest Margin | 3.3% |
| Efficiency Ratio | 52.5% |
| Tier 1 Risk-Based Capital Ratio | 18.086% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.05% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.085% |
| Earning Assets to total Assets | 97.58% |
Income and Expense
| Total Interest Income | $5.00M |
| Total Noninterest Income | $191.00k |
| Total Interest Expense | $1.95M |
| Total Noninterest Expense | $1.70M |
| Net Interest Income | $3.05M |
| Pre-tax Net Operating Income | $1.49M |
| Provision for Credit Losses | $46.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $17.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.55M |
| Total Liabilities and Capital | $373.48M |
Securities
| Securities | $60.92M |
| Available-for-sale debt securities | $60.92M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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 Garrett State Bank?
$373.48M as of the latest filing.
How much are The Garrett State Bank's total deposits?
$315.77M in total deposits.
Where is The Garrett State Bank located?
Garrett, IN.
What is the Net Interest Margin?
3.30%.
How many domestic offices does it operate?
4.
When was it established?
11/01/1893.
What is the Return on Assets (ROA)?
1.57%.
How much are total loans and leases?
$277.87M (latest filing).
What is the total interest income (latest filing)?
$5.00M.