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The Garrett State Bank

$100M-$1B Specialty: Mortgage IN FDIC cert 8074

Garrett, IN

4 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 +5.3% year over year ($339.4M on the books).
  • Delinquency rate 0.86%.
  • Return on assets 1.93%.
  • Efficiency ratio 43.57% vs a 64.48% peer average.
  • Loan-to-deposit ratio 85.17% 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 Garrett State Bank has 3 strengths but faces 3 concerns

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

  • + Profitability Leader: Top 36.3% in tier
  • + Efficiency Ratio 20.91% below tier average
  • + Delinquency Rate 0.06% below tier average

Key Concerns

Areas that may need attention

  • - Liquidity Overhang: Bottom 39.8% in tier
  • - Credit Risk Growth: Bottom 44.2% in tier
  • - Net Interest Margin 0.60% below tier average
Get updates when The Garrett 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 ? $399.7M
+4.0% YoY +5.6% QoQ
+$13.1M $386.6M
+1.2% YoY
$2.5B
+3.7% YoY
$6.3B
+7.7% YoY
61%
Total Loans ? $289.1M
+3.9% YoY +2.5% QoQ
+$30.7M $258.3M
+1.7% YoY
$1.8B
+5.7% YoY
$3.2B
+9.4% YoY
65%
Total Deposits ? $339.4M
+5.3% YoY +6.4% QoQ
+$12.7M $326.7M
+0.7% YoY
$2.0B
+3.4% YoY
$4.9B
+7.3% YoY
61%
Return on Assets ? 1.93%
+23.7% YoY +1.6% QoQ
+0.60% 1.32%
+10.8% YoY
1.07%
+3.3% YoY
1.30%
+12.1% YoY
85%
Net Interest Margin ? 3.39%
+8.1% YoY +1.5% QoQ
-0.60% 3.99%
+5.0% YoY
3.70%
+8.1% YoY
3.95%
+4.9% YoY
23%
Efficiency Ratio ? 43.57%
-14.0% YoY -0.5% QoQ
-20.91% 64.48%
-3.2% YoY
77.20%
+13.2% YoY
70.05%
+2.5% YoY
Top 7.2% in tier
Delinquency Rate ? 0.86%
+214.9% YoY +33.8% QoQ
-0.06% 0.92%
+15.7% YoY
0.91%
+27.8% YoY
0.98%
+16.3% YoY
32%
Loan-to-Deposit Ratio ? 85.17%
-1.3% YoY -3.7% QoQ
+7.22% 77.95%
+1.0% YoY
81.91%
+1.2% YoY
79.03%
+2.3% YoY
38%
Non-Interest-Bearing Deposit Share ? 19.37%
-0.5% YoY -6.7% QoQ
-2.66% 22.03%
-0.6% YoY
16.57%
-2.9% YoY
21.98%
-0.6% YoY
42%
Nonperforming Asset Ratio ? 0.62%
+214.8% YoY +29.9% QoQ
-0.05% 0.67%
+16.4% YoY
0.69%
+42.1% YoY
0.69%
+15.8% YoY
33%
Tier 1 Capital Ratio ? 17.89%
-2.9% YoY -1.5% QoQ
+1.98% 15.91%
+1.4% YoY
16.20%
+1.2% YoY
17.09%
+0.8% YoY
80%
Non-Interest Income / Assets ? 0.09%
-4.3% YoY +95.7% QoQ
-0.47% 0.57%
+7.6% YoY
1.78%
-1.3% YoY
0.66%
+5.2% YoY
16%

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 19.4%
-0.1pp YoY
-1.4pp QoQ
 -2.8pp 22.1% 16.8% 22.2% 42%
Brokered Deposits 4.4%
-3.6pp YoY
-1.2pp QoQ
 -3.4pp 7.9% 7.2% 8.5% 48%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
C&I 4.3%
+0.1pp YoY
+0.5pp QoQ
 -7.2pp 11.6% 11.1% 12.5% 16%
CRE 17.3%
+2.2pp YoY
+0.2pp QoQ
 -22.3pp 39.5% 36.2% 41.4% 14%
1-4 Family 74.3%
-2.1pp YoY
-0.6pp QoQ
 +41.7pp 32.6% 40.0% 31.3% 95%
Consumer 2.3%
+0.1pp YoY
0.0pp QoQ
 -1.9pp 4.1% 3.2% 5.0% 51%

Capital

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
CET1 Ratio 17.9%
-0.5pp YoY
-0.3pp QoQ
 -0.9pp 18.8% 17.5% 19.7% 69%
Leverage Ratio 10.5%
+0.1pp YoY
-0.1pp QoQ
 -1.7pp 12.2% 13.0% 12.6% 41%
Total Capital Ratio 19.1%
-0.5pp YoY
-0.3pp QoQ
 -0.8pp 19.9% 18.7% 20.8% 69%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Full-Time Employees 37
-1 (-2.6%) YoY
+1 (+2.8%) QoQ
 -22 58 237 482 37%
Assets per Employee ($) $10.8M
+6.8% YoY
+2.7% QoQ
 +$3.3M $7.5M $7.5M $8.8M 90%
Branch Count 4
0 YoY
0 QoQ
 -1 4 17 18 42%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.2% 0.4% n/a
Nonaccrual 0.9%
+0.6pp YoY
+0.3pp QoQ
 -0.1pp 0.9% 0.8% 1.0% 68%
Allowance Coverage 1.17x
-68.4% YoY
-26.5% QoQ
 -22.99x 24.15x 6.71x 20.23x 31%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
0.0pp QoQ
 -0.1pp 0.1% 0.1% 0.2% 56%

Profitability

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
ROE 19.2%
+3.1pp YoY
+0.3pp QoQ
 +7.0pp 12.2% 11.2% 11.6% 86%
Cost of Funds (YTD) 1.9%
-0.1pp YoY
0.0pp QoQ
 +0.2pp 1.7% 1.8% 1.7% 63%
Net Income ($, YTD) $3.8M
+31.6% YoY
— QoQ
 +$1.2M $2.6M $16.3M $40.4M 78%

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 (1)

Profitability Leader

growth
#241 of 661 • Top 36.3% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 1.93%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Concerns (2)

Liquidity Overhang

risk
#296 of 742 • Bottom 39.8% in tier

Exceptional capital position (Tier 1 >= 16%, top quartile). Strong fundamentals - opportunity to deploy capital more productively.

Why this signature
Tier 1 Capital Ratio: 17.89%
(Tier: 15.91%, National: 17.09%)
better than tier avg
Loan-to-Deposit Ratio: 85.17%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
742 of 742 Community banks match · 940 nationally
→ Stable +7 banks QoQ | QoQ rank declining

Credit Risk Growth

risk
#415 of 936 • Bottom 44.2% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

936 of 936 Community banks match · 1401 nationally
→ Stable -58 banks QoQ | QoQ rank declining

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 (3 metrics)

191
Efficiency Ratio
profitability
Value: 43.57%
Peer Median: 64.48%
#191 of 2643 Top 7.2% in $100M-$1B
402
Return on Assets
profitability
Value: 1.93%
Peer Median: 1.32%
#402 of 2643 Top 15.2% in $100M-$1B
517
Tier 1 Capital Ratio
capital
Value: 17.89%
Peer Median: 15.91%
#517 of 2643 Top 19.5% in $100M-$1B

Top Weaknesses (2 metrics)

2208
Non-Interest Income / Assets
revenue_mix
Value: 0.09%
Peer Median: 0.57%
#2208 of 2643 Bottom 16.5% in $100M-$1B
2033
Net Interest Margin
profitability
Value: 3.39%
Peer Median: 3.99%
#2033 of 2643 Bottom 23.1% in $100M-$1B
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