The Garrett State Bank

BankGarrett, Indiana
www.garrettstatebank.com

Total Assets

$393.8M

Total Deposits

$335.1M

Branches

4

Established

1893

TFS Health Grade

$
B-

80.8 / 100

Good financial health

How we grade

The Garrett State Bank is a bank headquartered in Garrett, Indiana, established in 1893. With $393.8M in total assets and 4 branch locations, it has a TFS Financial Health Grade of B- (80.8/100).

Capital & Safety

Tier 1 Capital Ratio
10.08%(8%)
Total Capital Ratio
19.36%(10%)
Non-Performing Loan Ratio
0.51%

Profitability

Return on Assets (ROA)
1.56%(1%)
Return on Equity (ROE)
15.91%(10%)
Net Interest Margin
3.22%
Efficiency Ratio
52.17%(60%)

Lending & Liquidity

Total Loans
$281.2M
Loan-to-Deposit Ratio
83.05%
Net Charge-Off Ratio
-0.00%

Growth

Asset Growth (YoY)
+9.09%
Deposit Growth (YoY)
+9.75%
Net Income
$5.8M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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