Bank · FDIC insured
First State Bank
A $836.2M bank headquartered in Middlebury, IN, with 6 branches in Indiana. Best rates: CDs 4.10% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- CDs—4.10%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First State Bank
First State Bank of Middlebury is a locally owned independent community bank headquartered in Middlebury, Indiana, providing consumer, agricultural, business, and commercial financial services since 1910.
The bank was formed in 1910 when thirty-one shareholders purchased 250 shares to establish First State Bank of Middlebury.
- Headquarters
- 111 South Main Street, Middlebury, IN 46540
- FDIC certificate
- 8745 ↗
Branches
6 branches in Indiana
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Indiana
6 branches
Elkhart area · 2
- Cobblestone Crossing Branch1515 Cobblestone Boulevlard, Elkhart, IN 46516Directions
- Riverwalk Branch200 Nibco Pkwy, Elkhart, IN 46516Directions
Goshen area · 2
- Goshen Branch201 N Main St, Goshen, IN 46526Directions
- Greencroft Branch1820 Greencroft Blvd, Goshen, IN 46526Directions
Middlebury area · 1
- First State Bank of MiddleburyMain office111 South Main Street, Middlebury, IN 46540Directions
South Bend area · 1
- Eddy Street Office Branch1015 S Bend Ave, South Bend, IN 46617Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 13.37% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.55% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.59% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $101 | $81 | — |
- CapitalLeverage ratio13.37%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.55%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.59%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$101Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.