North Salem State Bank
North Salem, Indiana · FDIC Cert #8063
North Salem State Bank is an FDIC-insured bank (Certificate #8063) with $650M in total assets and $582M in total deposits as of the Q2 2024 Call Report. Headquartered in North Salem, Indiana, the bank maintains a Tier 1 capital ratio of 10.55% (Well-Capitalized) and a nonperforming loan ratio of 0.06%. BankHealthData assigns a composite Health Grade of B (65/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
North Salem State Bank (FDIC cert 8063) is a community bank — $650M in total assets, $582M in deposits, serving the North Salem, Indiana area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.55% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is clean: non-performing loan ratio of 0.06% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 8.4% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 1.85% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. North Salem State Bank carries a composite BankHealth grade of B (65/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: North Salem State Bank
- Total Assets
- $650M
- Total Deposits
- $582M
- Tier 1 Capital Ratio
- 10.55%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.06%
- Liquidity Ratio
- 8.42%
- Return on Assets
- 1.85%
- Headquarters
- North Salem, Indiana
- FDIC Certificate
- #8063
- Health Grade
- B (65/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, North Salem State Bank holds a Tier 1 capital ratio of 10.55%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning North Salem State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
North Salem State Bank shows strong financial health indicators. With $650M in assets and a Health Score of 65/100, 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.
How North Salem State Bank Compares
North Salem State Bank’s Health Score of 65 is 5 points below the Indiana state average of 70 across 73 FDIC-insured banks. Its 10.55% Tier 1 capital ratio is 3.4 points below the US banking industry average near 14%. The 0.06% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.85% is in line with or above the national ROA benchmark of ~1.1%. Among 1303 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, North Salem State Bank is 5 points below the portfolio average of 70.
Frequently Asked Questions
North Salem State Bank has a Bank Health Score of B (65/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 10.55%, 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.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. North Salem State Bank's Tier 1 capital ratio of 10.55% and nonperforming loan ratio of 0.06% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at North Salem State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #8063). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
North Salem State Bank holds $650M in total assets and $582M in total deposits. It is headquartered in North Salem, Indiana (FDIC Certificate #8063).
North Salem State Bank has a Tier 1 capital ratio of 10.55%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.06%, and the return on assets is 1.85%.
Yes. North Salem State Bank is FDIC-insured (Certificate #8063). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
North Salem State Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.