Bank · FDIC insured
Garrett State Bank
A $399.7M bank headquartered in Garrett, IN, with 3 branches in Indiana. Best rates: CDs 4.25% and savings 0.15% APY.
Garrett State Bank Carrot Score
71
Carrot Score
Higher than 29% of U.S. banks and credit unions
#9 of 12 in Auburn, IN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Garrett State Bank
- Headquarters
- 120 W King St, Garrett, IN 46738
- FDIC certificate
- 8074 ↗
Branches
3 branches in Indiana
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Indiana
3 branches
Auburn area · 2
- The Garrett State BankMain office120 W King St, Garrett, IN 46738Directions
- South Branch1341 S Randolph St, Garrett, IN 46738Directions
Fort Wayne area · 1
- Pine Valley Branch811 Mill Lake Rd, Fort Wayne, IN 46845Directions
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 | 10.47% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.85% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.93% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $86 | $81 | — |
- CapitalLeverage ratio10.47%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.85%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.93%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$86Peers’ 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 Garrett State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.