Mid-Southern Savings Bank, FSB


Mid-Southern Savings Bank, FSB is an FDIC insured institution headquartered at 300 N Water St, Salem, IN 47167.
It was founded in 1891 and has approximately $0 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30133
Date Established 1891
Assets $ 237.11 million
Loans $ 137.49 million
Deposits $ 199.69 million
Capital $ 32.81 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 13.94 million
Interest-bearing balances $ 12.53 million
Total securities $ 74.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 137.49 million
Loan loss allowance $ 2.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 10.66 million
     Total Assets $ 204.30 million

LIABILITIES
Total deposits $ 199.69 million
      Interest-bearing deposits $ 154.52 million
      Deposits held in domestic offices $ 199.69 million
      % insured (estimated) 74.42%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 26.00 million
Subordinated debt N.A.
All other liabilities $ 1.21 millionn
      Total Liabilities $ 204.30 million
      Shareholders’ Equity $ 32.81 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 5.43 million
Total Interest Expense $ 1.54 million
Net interest income $ 3.89 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.53 million
Total non interest expense $ 3.25 million
Pre-tax Net Operating Income $ 1.26 million

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Branches

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Mid-Southern Savings Bank, FSB Locations