The catalogue › United States › Great Lakes › Indiana
The state note · prepared 3 November 2026

Indiana

88 banks and 121 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

88 banks filing · read from the 30 June 2026 Call Report
88
banks filing
$223B in assets
+5.4%
Loans, year over year
median; 20 above 10%, 10 shrinking
20.2%
CRE / loans
median
83.8%
Loans / deposits
median
0.62%
NPA / loans
median
9.9%
Equity / assets
median

Indiana's 88 banks hold $223B in assets at 30 June 2026. Old National Bank is the largest at $73.9B, and the five largest hold 61% of the total; 21 institutions are above $1B, holding $196B.

Loans grew a median +5.4% in the year to 30 June 2026: 20 institutions grew faster than 10% and 10 shrank. The median bank lends 84% of its deposits and holds commercial real estate at 20.2% of loans. Nonperforming loans sit at a median 0.62% of the book, return on assets at 1.06%, and equity at 9.9% of assets.

13 of the 88 are in the catalogue, each read from its own filing beside the banks its size in the state: Old National Bank, First Merchants Bank, Merchants Bank of Indiana, Centier Bank, 1st Source Bank, German American Bank, Lake City Bank, Horizon Bank, United Fidelity Bank FSB, Community First Bank of Indiana, Greenfield Banking Co., State Bank, Citizens State Bank New Castle.

Who holds the state's assetseach institution's share of the $223B the state's 88 hold; the largest first, amber in the catalogue
Old National Bank: 33.2%ON33%First Merchants Bank: 9.6%FM10%Merchants Bank of Indiana: 9.5%MB10%Centier Bank: 4.7%CB1st Source Bank: 4.2%sSGerman American Bank: 3.8%GALake City Bank: 3.3%LCHorizon Bank: 2.9%United Fidelity Bank FSB: 2.9%First Financial Bank N.A.: 2.8%78 others 23%ONOld National Bank33.2%FMFirst Merchants Bank9.6%MBMerchants Bank of Ind…9.5%CBCentier Bank4.7%sS1st Source Bank4.2%GAGerman American Bank3.8%LCLake City Bank3.3%HBHorizon Bank2.9%UFUnited Fidelity Bank …2.9%FFFirst Financial Bank …2.8%

Old National Bank holds 33.2% of the state's bank assets; the five largest hold 61%, and 21 of the 88 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestOld National Bank: 33% of the totalThe five largest61% of the totalThe ten largest77% of the totalGINI0.80 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 61% of the assets in 6% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Commercial & industrial20.0%$32.0B1-4 family residential, closed-end16.0%$25.6BNonfarm nonresidential, non-owner-occupied14.7%$23.5BMultifamily11.0%$17.5BNonfarm nonresidential, owner-occupied10.0%$16.0BOther loans and leases7.7%$12.3BConstruction & land6.8%$10.9BHome equity lines4.6%$7.3BFarmland2.8%$4.4BStates & municipalities2.0%$3.2BAuto1.6%$2.5BAgricultural production1.5%$2.4BConsumer, other1.3%$2.0BCredit card0.0%$33M

Commercial & industrial is the largest category at 20.0% of the state's $160B in loans, then 1-4 family residential, closed-end at 16.0% and Nonfarm nonresidential, non-owner-occupied at 14.7%.

Loans, year over yearIndiana banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 86 · amber, in the catalogue
state median +5.4% FT Fountain Trust Co. +44.0% NW New Washington State Bank +22.3% PB Peoples Bank +20.1% FM Farmers & Merchants Bank +17.6% FM First Merchants Bank +17.1% NB National Bank of Inpolis +16.1% MB Merchants Bank of Indiana +15.5% CS Community State Bank +15.2% FF First Financial Bank N.A. +14.7% CS Citizens State Bank New Castle +14.5% SF Security FSB +14.2% HC Hendricks County Bank & Trust Co. +13.1% KB Kentland Bank +11.9% NS Napoleon State Bank +11.4% FB FCN Bank National Association +11.3% HH Hoosier Heartland State Bank +11.0% AC American Community Bank of Indiana +11.0% FN First National Bank +10.6% BF Bedford Federal Savings Bank +10.5% CF Community First Bank of Indiana +10.5% CS Community State Bank +9.6% LS Logansport Savings Bank +9.2% FS Farmers State Bank +8.7% FN First National Bank of Monterey +8.3% BF Boonville FSB +8.3%

Fountain Trust Co. grew fastest at +44.0%; 20 grew faster than 10% and 10 shrank, First Internet Bank of Indiana the most at -14.1%. The median is +5.4%.

Commercial real estate, share of loansIndiana banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 87 · amber, in the catalogue
state median 20.2% UF United Fidelity Bank FSB 91.2% GC Generations Community Bank 81.1% FB First Bank Richmond 46.5% CF Community First Bank of Indiana 43.1% FB Farmers Bank Frankfort Indiana 42.9% SB State Bank 41.8% FF First Financial Bank N.A. 40.7% PS Peoples State Bank 40.1% PB Peoples Bank 39.4% CB Centier Bank 39.3% AB Alliance Bank 38.5% KB Kentland Bank 38.3% FB FCN Bank National Association 38.3% FH First Harrison Bank 37.1% GA German American Bank 37.0% FI First Internet Bank of Indiana 35.9% FS First State Bank of Porter 35.2% LC Lake City Bank 35.2% MB Merchants Bank of Indiana 34.8% GB Greenfield Banking Co. 34.2% HB Horizon Bank 34.1% FF First Farmers Bank & Trust Co. 33.8% ON Old National Bank 33.6% CB Citizens Bank 32.1% JC Jackson County Bank 31.2%

United Fidelity Bank FSB is the most CRE-weighted at 91.2% of loans; 8 of the 88 are above 40%, against a median of 20.2%.

Commercial real estate against capital, the 300% screenIndiana banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 88 · amber, in the catalogue
state median 134% 300% screen UF United Fidelity Bank FSB 430% CF Community First Bank of Indiana 333% FB Farmers Bank Frankfort Indiana 310% FB First Bank Richmond 304% FI First Internet Bank of Indiana 292% PB Peoples Bank 283% SB State Bank 281% JC Jackson County Bank 275% CB Centier Bank 265% FF First Financial Bank N.A. 264% MB Merchants Bank of Indiana 252% ON Old National Bank 252% FB FCN Bank National Association 247% WB Wayne Bank & Trust Co. 244% HB Horizon Bank 235% FM Farmers & Merchants Bank 230% NW New Washington State Bank 226% FF First Farmers Bank & Trust Co. 224% GA German American Bank 222% FF First Federal Savings Bank 220% AB Alliance Bank 218% KB Kentland Bank 215% LC Lake City Bank 209% AC American Community Bank of Indiana 209% PS Peoples State Bank 207%

4 of the 88 banks sit above the 300% screen, United Fidelity Bank FSB the highest at 430% of capital; the median is 134%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenIndiana banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 88 · amber, in the catalogue
state median 37% 100% screen CF Community First Bank of Indiana 152% BF Bedford Federal Savings Bank 147% NB National Bank of Inpolis 99% FI First Internet Bank of Indiana 93% CS Community State Bank 93% NW New Washington State Bank 92% JC Jackson County Bank 89% SB State Bank 86% FF First Federal Savings Bank 85% MB Merchants Bank of Indiana 83% SF Star Financial Bank 74% AC American Community Bank of Indiana 71% OC Owen County State Bank 70% KB Kentland Bank 69% US Union Savings & Loan Association 67% NS North Salem State Bank 64% FB FCN Bank National Association 64% FF First Farmers Bank & Trust Co. 62% MS Mutual Savings Bank 56% PS Peoples State Bank 54% GA German American Bank 51% CB Centier Bank 51% FS Friendship State Bank 51% BF Boonville FSB 49% LC Lake City Bank 48%

2 of the 88 banks sit above the 100% construction screen, Community First Bank of Indiana the highest at 152%; the median is 37%.

Loans to depositsIndiana banks, 30 June 2026 · listed highest first · the 25 highest of 88 · amber, in the catalogue
state median 84% PC Peoples Community Bank Savings Ba… 206% MB Merchants Bank of Indiana 121% FF First Federal Savings Bank 110% FB First Bank Richmond 106% GC Grant County State Bank 106% FF First FSB of Angola 105% JC Jackson County Bank 102% FS First State Bank of Middlebury 101% CF Community First Bank of Indiana 100% FB Freedom Bank 99% FF First FSB of Washington 99% BF Boonville FSB 98% CS Community State Bank 98% SF Security FSB 97% sS 1st Source Bank 97% BF Bedford Federal Savings Bank 93% FM First Merchants Bank 93% SB State Bank 93% AC American Community Bank of Indiana 93% C Centrebank 92% CB Centier Bank 92% FF First Financial Bank N.A. 92% FF First Federal Savings Bank 91% PT Peoples Trust & Savings Bank 91% NS North Salem State Bank 91%

8 of the 88 lend more than they hold in deposits, Peoples Community Bank Savings Bank Monticell the furthest at 206%; the median is 84%.

Nonperforming loans, share of loansIndiana banks, 30 June 2026 · listed highest first · the 25 highest of 87 · amber, in the catalogue
state median 0.62% FS Fairmount State Bank 6.37% DS Demotte State Bank 3.55% TB Tri-county Bank & Trust Co. 3.45% SC Spencer County Bank 3.00% LS Logansport Savings Bank 2.92% PC Peoples Community Bank Savings Ba… 2.84% GC Grant County State Bank 2.35% AC American Community Bank of Indiana 2.33% PT Peoples Trust & Savings Bank 2.09% FF First FSB of Washington 2.06% FF First Federal Savings Bank 1.88% FB First Bank Richmond 1.78% BF Bedford Federal Savings Bank 1.69% FI First Internet Bank of Indiana 1.56% FS First State Bank of Middlebury 1.55% CB Crossroads Bank 1.41% CF Community First Bank of Indiana 1.32% MB Merchants Bank of Indiana 1.18% FF First Federal Savings & Loan Asso… 1.18% NS Napoleon State Bank 1.10% PB Peoples Bank 1.10% FF First Farmers Bank & Trust Co. 1.00% sS 1st Source Bank 0.99% FF First Federal Savings Bank 0.94% ON Old National Bank 0.92%

Fairmount State Bank carries the most nonperforming loans at 6.37% of the book; 22 of the 88 are above 1%, and the median is 0.62%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%0.50%1.00%1.50%2.00%NPA / loansAllowance / loansUFUnited Fidelity Bank FSB+1.89%ABAlliance Bank+1.57%FNFirst National Bank of Monterey+1.52%MSMutual Savings Bank+1.39%SBState Bank+1.34%sS1st Source Bank+1.31%FSFirst State Bank of Porter+1.30%SVSprings Valley Bank & Trust Co.+1.28%FBFreedom Bank+1.23%FNFirst National Bank+1.19%BoBank of Wolcott+1.18%CBCitizens Bank+1.17%GCGenerations Community Bank+1.17%FMFarmers & Merchants Bank+1.14%FBFCN Bank National Association+1.13%CCentrebank+1.12%KBKentland Bank+1.10%GBGreenfield Banking Co.+1.09%NBNational Bank of Inpolis+1.06%NSNorth Salem State Bank+0.97%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 16 of the 88 hold an allowance smaller than their nonperforming loans.

Return on assetsIndiana banks, 30 June 2026 · listed highest first · the 25 highest of 88 · amber, in the catalogue
state median 1.06% ET Everence Trust Co. 21.41% GC Grant County State Bank 3.02% BS Bippus State Bank 2.38% AB Alliance Bank 2.25% FB Freedom Bank 2.24% FB First Bank of Berne 2.05% sS 1st Source Bank 1.95% GS Garrett State Bank 1.94% FS Farmers State Bank 1.83% SV Springs Valley Bank & Trust Co. 1.82% C Centrebank 1.82% HB Horizon Bank 1.75% GB Greenfield Banking Co. 1.72% GA German American Bank 1.70% LC LNB Community Bank 1.62% FF First Farmers Bank & Trust Co. 1.62% Bo Bank of Wolcott 1.62% LC Lake City Bank 1.61% NS North Salem State Bank 1.60% FS First State Bank of Middlebury 1.55% KB Kentland Bank 1.53% CB Centier Bank 1.53% BF Bedford Federal Savings Bank 1.53% FM Farmers & Merchants Bank 1.52% MB Merchants Bank of Indiana 1.47%

Everence Trust Co. earns the most at 21.41% and Generations Community Bank the least at -22.18%; 14 of the 88 earn under 0.50%, and the median is 1.06%.

The efficiency ratio, with the return beside itIndiana banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 88 · amber, in the catalogue
state median 65.3% GC Grant County State Bank 21.3% ROA 3.02% MB Merchants Bank of Indiana 40.2% ROA 1.47% FB Freedom Bank 42.9% ROA 2.24% GS Garrett State Bank 43.6% ROA 1.94% LC Lake City Bank 45.8% ROA 1.61% sS 1st Source Bank 46.5% ROA 1.95% FF First Farmers Bank & Trust Co. 46.9% ROA 1.62% FB First Bank of Berne 47.3% ROA 2.05% FS Farmers State Bank 47.6% ROA 1.83% BS Bippus State Bank 47.8% ROA 2.38% CB Centier Bank 48.2% ROA 1.53% AB Alliance Bank 49.4% ROA 2.25% ON Old National Bank 49.4% ROA 1.39% BF Bedford Federal Savings Bank 50.0% ROA 1.53% KB Kentland Bank 50.2% ROA 1.53% GA German American Bank 50.9% ROA 1.70% Bo Bank of Wolcott 51.5% ROA 1.62% GB Greenfield Banking Co. 53.3% ROA 1.72% HB Horizon Bank 53.5% ROA 1.75% NS North Salem State Bank 53.9% ROA 1.60% FM Farmers & Merchants Bank 54.7% ROA 1.52% NS Napoleon State Bank 55.3% ROA 1.45% FH First Harrison Bank 55.5% ROA 1.41% CS Community State Bank 55.6% ROA 1.06% FI First Internet Bank of Indiana 56.1% ROA 0.31%

Grant County State Bank runs the leanest at 21.3% of revenue in cost; 14 of the 88 spend more than 80 cents of every revenue dollar, and the median is 65.3%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Old National Bank$73.9B+5.9%33.6%89%0.92%1.39%11.3%
First Merchants Bank$21.3B+17.1%26.6%93%0.82%0.75%12.8%
Merchants Bank of Indiana$21.2B+15.5%34.8%121%1.18%1.47%11.0%
Centier Bank$10.4B+4.4%39.3%92%0.82%1.53%9.9%
1st Source Bank$9.3B+1.7%10.7%97%0.99%1.95%13.6%
German American Bank$8.4B+3.2%37.0%84%0.45%1.70%13.7%
Lake City Bank$7.2B+6.8%35.2%88%0.36%1.61%10.4%
Horizon Bank$6.5B-0.5%34.1%91%0.70%1.75%12.3%
United Fidelity Bank FSB$6.5B-3.3%91.2%61%0.49%-0.09%10.0%
First Financial Bank N.A.$6.2B+14.7%40.7%92%0.61%1.39%10.7%
First Internet Bank of Indiana$5.5B-14.1%35.9%80%1.56%0.31%7.9%
First Farmers Bank & Trust Co.$3.5B+5.6%33.8%85%1.00%1.62%9.8%
Star Financial Bank$3.2B+3.2%27.6%65%0.46%0.98%9.2%
National Bank of Inpolis$3.0B+16.1%28.4%80%0.15%1.37%7.8%
Peoples Bank$2.0B+1.3%39.4%87%1.10%0.42%8.7%
Five years, 2021 to 2026the 87 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$80.1B$160B+99%
Deposits, in total$104B$178B+71%
NPA / loans, median0.50%0.62%+0.12 pts
Efficiency, median65.9%65.2%-0.7 pts
ROA, median1.10%1.06%-0.04 pts

Small-business lending

SBA 7(a) approvals into Indiana since FY2008, across every lender type

$8.2B of 7(a) credit has been approved into Indiana since FY2008 across 22,070 loans. Accommodation & food services is the largest category at 22.0%, Manufacturing at 13.5%, Retail trade at 11.7%; the three together are 47% of the money. The heaviest losses fall in Construction, at 3.44% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 354 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
TH The Huntington National Bank 11.2% $924M · 4,708 loans KN KeyBank National Association 4.3% $353M · 754 loans LO Live Oak Banking Company 4.1% $341M · 268 loans BB Byline Bank 4.1% $341M · 300 loans ON Old National Bank 3.5% $286M · 424 loans sS 1st Source Bank 3.3% $275M · 1,843 loans FM First Merchants Bank 2.9% $236M · 751 loans G Gbank 2.5% $210M · 70 loans WF Wells Fargo Bank National Associa… 2.3% $188M · 395 loans FF First Financial Bank 2.3% $188M · 617 loans FI First Internet Bank of Indiana 2.3% $187M · 180 loans HB Horizon Bank 2.1% $175M · 507 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services23.0%$1.8B · 2,994 loansManufacturing14.0%$1.1B · 2,109 loansRetail trade12.2%$965M · 2,498 loansConstruction8.2%$646M · 2,393 loansOther services8.2%$644M · 2,074 loansHealth care & social assistance7.7%$605M · 1,652 loansProfessional & technical services7.0%$555M · 1,875 loansWholesale trade5.5%$438M · 874 loansAdministrative & waste services4.0%$313M · 1,179 loansArts, entertainment & recreation3.9%$310M · 778 loansTransportation & warehousing3.6%$283M · 2,110 loansReal estate & leasing2.8%$219M · 497 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$1.8B2,99422.0%$37M2.06%
Manufacturing$1.1B2,10913.5%$31M2.83%
Retail trade$965M2,49811.7%$19M1.94%
Construction$646M2,3937.8%$22M3.44%
Other services$644M2,0747.8%$11M1.76%
Health care & social assistance$605M1,6527.3%$4M0.67%
Professional & technical services$555M1,8756.7%$12M2.22%
Wholesale trade$438M8745.3%$10M2.33%
Administrative & waste services$313M1,1793.8%$5M1.63%
Arts, entertainment & recreation$310M7783.8%$9M2.99%
Transportation & warehousing$283M2,1103.4%$8M2.95%
Real estate & leasing$219M4972.7%$2M0.75%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Marion$1.7B4,583174
Hamilton$899M2,478134
Allen$487M1,376102
Lake$439M1,18197
St Joseph$333M98266
Elkhart$298M63559
Hendricks$271M94084
Vanderburgh$237M50965
Johnson$226M90280
Porter$192M59262

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Indiana institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 3 November 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Indiana

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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