Banks | The Fairmount State Bank

The Fairmount State Bank


The Fairmount State Bank is an FDIC insured institution headquartered at 101 N Main St, Fairmount, IN 46928.
It was founded in 1902 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - November 10, 2024

SAVINGS RATES APY MIN
Savings
0.15% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.15% $10,000 Compare
6 Mo CD
0.15% $100,000 Compare
12 Mo CD
0.25% $10,000 Compare
12 Mo CD
0.25% $100,000 Compare
18 Mo CD
0.30% $10,000 Compare
18 Mo CD
0.30% $100,000 Compare
24 Mo CD
0.35% $10,000 Compare
24 Mo CD
0.35% $100,000 Compare
30 Mo CD
0.40% $10,000 Compare
30 Mo CD
0.40% $100,000 Compare
36 Mo CD
0.50% $10,000 Compare
36 Mo CD
0.50% $100,000 Compare
48 Mo CD
0.60% $10,000 Compare
48 Mo CD
0.60% $100,000 Compare
Special: 54 Mo CD
1.25% $500 Compare
60 Mo CD
0.75% $10,000 Compare
60 Mo CD
0.75% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.10% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1829
Date Established 1902
Assets $ 54.77 million
Loans $ 39.88 million
Deposits $ 48.21 million
Capital $ 6.41 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 3.90 million
Interest-bearing balances $ 2.64 million
Total securities $ 9.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 39.88 million
Loan loss allowance $ 0.67 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 $ 0.86 million
     Total Assets $ 48.36 million

LIABILITIES
Total deposits $ 48.21 million
      Interest-bearing deposits $ 34.41 million
      Deposits held in domestic offices $ 48.21 million
      % insured (estimated) 86.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.36 millionn
      Total Liabilities $ 48.36 million
      Shareholders’ Equity $ 6.41 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 1.36 million
Total Interest Expense $ 0.32 million
Net interest income $ 1.04 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.09 million
Total non interest expense $ 0.82 million
Pre-tax Net Operating Income $ 0.13 million

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