GARRETT STATE BANK
GARRETT, INDIANA · FDIC Cert #8074
Capital & Safety Analysis
According to FDIC financial data, GARRETT STATE BANK holds a Tier 1 capital ratio of 17.91%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning GARRETT STATE BANK has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
GARRETT STATE BANK shows strong financial health indicators. With $355M in assets and a Health Score of 87/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
GARRETT STATE BANK has a Bank Health Score of A (87/100). It holds a Tier 1 capital ratio of 17.91%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
GARRETT STATE BANK holds $355M in total assets and $294M in total deposits. It is located in GARRETT, INDIANA (FDIC Certificate #8074).
GARRETT STATE BANK has a Tier 1 capital ratio of 17.91%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.34%, and the return on assets is 1.37%.
Yes. GARRETT STATE BANK is FDIC-insured (Certificate #8074). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.