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The North Salem State Bank

$100M-$1B Specialty: Commercial IN FDIC cert 8063

North Salem, IN

9 branches across IN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 60 in IN.
  • Deposits +10.4% year over year ($687.9M on the books).
  • Delinquency rate 0.68%.
  • Return on assets 1.65%.
  • Efficiency ratio 53.36% vs a 64.48% peer average.
  • Loan-to-deposit ratio 89.73% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 60 in IN
View $100M-$1B leaderboard (IN) →

The North Salem State Bank shows strong momentum with 4 strengths and 9.4% YoY asset growth

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + ROA 0.33% above tier average
  • + Net Interest Margin 0.31% above tier average
  • + Efficiency Ratio 11.12% below tier average
  • + Delinquency Rate 0.23% below tier average

Key Concerns

Areas that may need attention

No key concerns identified

Get updates when The North Salem State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Total Assets ? $769.6M
+9.4% YoY -0.7% QoQ
+$383.1M $386.6M
+1.2% YoY
$2.5B
+3.7% YoY
$6.3B
+7.7% YoY
Top 9.6% in tier
Total Loans ? $617.2M
+6.8% YoY +1.2% QoQ
+$358.9M $258.3M
+1.7% YoY
$1.8B
+5.7% YoY
$3.2B
+9.4% YoY
Top 5.3% in tier
Total Deposits ? $687.9M
+10.4% YoY +0.1% QoQ
+$361.1M $326.7M
+0.7% YoY
$2.0B
+3.4% YoY
$4.9B
+7.3% YoY
Top 7.6% in tier
Return on Assets ? 1.65%
+1.5% YoY +1.9% QoQ
+0.33% 1.32%
+10.8% YoY
1.07%
+3.3% YoY
1.30%
+12.1% YoY
73%
Net Interest Margin ? 4.29%
-2.5% YoY +2.9% QoQ
+0.31% 3.99%
+5.0% YoY
3.70%
+8.1% YoY
3.95%
+4.9% YoY
70%
Efficiency Ratio ? 53.36%
+0.6% YoY -1.1% QoQ
-11.12% 64.48%
-3.2% YoY
77.20%
+13.2% YoY
70.05%
+2.5% YoY
76%
Delinquency Rate ? 0.68%
+75.3% QoQ
-0.23% 0.92%
+15.7% YoY
0.91%
+27.8% YoY
0.98%
+16.3% YoY
38%
Loan-to-Deposit Ratio ? 89.73%
-3.2% YoY +1.1% QoQ
+11.77% 77.95%
+1.0% YoY
81.91%
+1.2% YoY
79.03%
+2.3% YoY
27%
Non-Interest-Bearing Deposit Share ? 22.68%
-8.2% YoY -2.4% QoQ
+0.65% 22.03%
-0.6% YoY
16.57%
-2.9% YoY
21.98%
-0.6% YoY
58%
Nonperforming Asset Ratio ? 0.55%
+78.7% QoQ
-0.12% 0.67%
+16.4% YoY
0.69%
+42.1% YoY
0.69%
+15.8% YoY
37%
Tier 1 Capital Ratio ? 11.60%
+8.4% YoY +4.1% QoQ
-4.31% 15.91%
+1.4% YoY
16.20%
+1.2% YoY
17.09%
+0.8% YoY
31%
Non-Interest Income / Assets ? 0.35%
+38.2% YoY +78.7% QoQ
-0.21% 0.57%
+7.6% YoY
1.78%
-1.3% YoY
0.66%
+5.2% YoY
80%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Noninterest-Bearing 22.7%
-2.0pp YoY
-0.6pp QoQ
 +0.5pp 22.1% 16.8% 22.2% 58%
Brokered Deposits n/a n/a 7.9% 7.2% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
C&I 6.5%
-0.8pp YoY
-0.1pp QoQ
 -5.0pp 11.6% 11.1% 12.5% 29%
CRE 39.7%
+0.4pp YoY
-0.3pp QoQ
 +0.2pp 39.5% 36.2% 41.4% 53%
1-4 Family 32.3%
+2.8pp YoY
+0.4pp QoQ
 -0.4pp 32.6% 40.0% 31.3% 56%
Consumer 2.3%
-0.2pp YoY
0.0pp QoQ
 -1.8pp 4.1% 3.2% 5.0% 52%

Capital

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
CET1 Ratio 11.6%
+0.9pp YoY
+0.5pp QoQ
 -7.2pp 18.8% 17.5% 19.7% 13%
Leverage Ratio 9.0%
+0.2pp YoY
+0.2pp QoQ
 -3.2pp 12.2% 13.0% 12.6% 12%
Total Capital Ratio 12.9%
+0.9pp YoY
+0.5pp QoQ
 -7.1pp 19.9% 18.7% 20.8% 15%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Full-Time Employees 112
+5 (+4.7%) YoY
+6 (+5.7%) QoQ
 +53 58 237 482 90%
Assets per Employee ($) $6.9M
+4.5% YoY
-6.0% QoQ
 -$647K $7.5M $7.5M $8.8M 50%
Branch Count 9
0 YoY
0 QoQ
 +4 4 17 18 86%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Past Due 90+ Days 0.4%
+0.3pp QoQ
 +0.1pp 0.3% 0.2% 0.4% 79%
Nonaccrual 0.3%
+0.2pp YoY
0.0pp QoQ
 -0.7pp 0.9% 0.8% 1.0% 37%
Allowance Coverage 2.45x
-93.0% YoY
-42.5% QoQ
 -21.71x 24.15x 6.71x 20.23x 53%
Net Charge-off Rate (YTD) n/a n/a 0.1% 0.1% 0.2% n/a

Profitability

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
ROE 19.4%
-0.1pp YoY
-0.2pp QoQ
 +7.2pp 12.2% 11.2% 11.6% 86%
Cost of Funds (YTD) 2.2%
0.0pp YoY
+0.1pp QoQ
 +0.4pp 1.7% 1.8% 1.7% 78%
Net Income ($, YTD) $6.4M
+15.7% YoY
— QoQ
 +$3.8M $2.6M $16.3M $40.4M 93%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (5 metrics)

141
Total Loans
size
Value: $617.21M
Peer Median: $258.35M
#141 of 2643 Top 5.3% in $100M-$1B
202
Total Deposits
size
Value: $687.88M
Peer Median: $326.73M
#202 of 2643 Top 7.6% in $100M-$1B
255
Total Assets
size
Value: $769.63M
Peer Median: $386.57M
#255 of 2643 Top 9.6% in $100M-$1B
529
Non-Interest Income / Assets
revenue_mix
Value: 0.35%
Peer Median: 0.57%
#529 of 2643 Top 20.0% in $100M-$1B
643
Efficiency Ratio
profitability
Value: 53.36%
Peer Median: 64.48%
#643 of 2643 Top 24.3% in $100M-$1B

Top Weaknesses (0 metrics)

No weakness rankings available
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