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 The Garrett State Bank
The Garrett State Bank
| RSSD ID 465243 | CERTIFICATE 8074 | ABA NUMBER 74903803 |
| 120 W King St |
Quarter Ended : |
2025-03-31 |
| Garrett, Indiana, 46738 |
Updated : |
2025-04-17 |
| www.garrettstatebank.com |
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| Institution Profile |
| Year Opened : |
1893 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
Yes |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Mortgage Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
36 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 355,940 |
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Total Interest Income | 4,468 |
| Total Liabilities | 320,024 |
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Total NonInterest Income | 178 |
| Total Bank Equity Capital | 35,916 |
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Total Interest Expense | 1,739 |
| Total Deposits | 299,074 |
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Total NonInterest Expense | 1,539 |
| Net Loans & Leases | 274,927 |
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Net Income | 1,337 |
| Loan Loss Allowance | 2,754 |
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Net Charge Offs | (9) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 39,679 |
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Total loans | 276,107 |
| Total assets for the leverage ratio | 353,946 |
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Loans secured by real estate: | 257,521 |
| Tier 1 Leverage Ratio | 10.48 |
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Commercial and industrial loans | 11,358 |
| Tier 1 Capital Ratio | 18.04 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 19.29 |
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Loans to individuals - Other | 6,039 |
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:· The Garrett State Bank
