The Fairmount State Bank
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Data as of · sourced from FFIEC call reports. How we update
The Fairmount State Bank is an FDIC-insured commercial bank headquartered in Fairmount, IN, established in 1902 (FDIC certificate 1829), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $57.0M, down 1.1% from Q2 2025, the 84th largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.68% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1829
- Headquarters
- Fairmount, IN
- Established
- 1902
- Total assets, Q2 2026
- $57.0M
- Assets vs Q2 2025
- -1.1%
- Tier 1 leverage ratio, Q2 2026
- 12.68%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 074904365
- Holding company
- FAIRMOUNT BANKING COMPANY
- Asset rank in state
- 84th of 87 in Indiana
Problem loans are rising at The Fairmount State Bank. Based in Fairmount, Indiana, it had $57 million in assets at June 30, 2026, down 1.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 6.37% of loans from 2.50% a year earlier. It loses about $0.87 a year on every $100 of assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median $1.06). It also carries problem assets equal to 35.5% of the capital and reserves that would absorb them, 25.7 times the median of 1.4% for banks its size.
It lost $126,000 in the quarter. Over the same year, loans grew 1.3% and deposits shrank 1.8%.
As of June 30, 2026, The Fairmount State Bank reported a return on assets of -0.87%, a nonperforming-loan ratio of 6.37% and a Texas ratio of 35.48%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, The Fairmount State Bank is the 84th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.9% to $57.0M, loans fell 0.7% and deposits fell 3.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 34.4% of total loans, ahead of agricultural production loans at 25.1%. Its one office in the FDIC Summary of Deposits is in Fairmount, IN. Judged on its Q2 2026 call report, The Fairmount State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 101 N Main St, Fairmount, IN 46928
- County
- Grant
- Metro Area
- Marion, IN
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- December 18, 1902
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 14
- Domestic deposits
- $49.0M
- Allowance for credit losses
- $1.1M
- Net charge-offs (YTD)
- $225K
- Average total assets
- $58.0M
- Average total loans
- $44.8M
- Average interest-bearing deposits
- $35.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1829
- Fed RSSD
- 503547
- Website
- www.fairmountstatebank.com →
- Parent Holding Company
- FAIRMOUNT BANKING COMPANY (RSSD 2033440)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The Fairmount State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, The Fairmount State Bank's total assets ranged from $54.8M (Q2 2024) to $59.6M (Q3 2025), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$57.0M total assets against $57.6M; $50.1M total liabilities against $50.9M.
$43.5M net loans and leases against $43.3M; $49.0M total deposits against $49.9M.
$8.0M securities against $8.5M; $4.2M cash and balances due against $4.6M.
$741K total interest income against $765K; $142K total interest expense against $166K.
$599K net interest income against $599K.
$41K total noninterest income against $43K; $365K total noninterest expense against $471K.
$402K provision for credit losses against $100K.
-$126K net income against $44K.
-0.87% return on assets against 0.30%; 4.23% net interest margin against 4.23%.
12.68% tier 1 leverage ratio against 12.85%.
Inside the full The Fairmount State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
The Fairmount State Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.87% (Q2 2026) to 0.75% (Q1 2026) and its net interest margin ran from 3.78% (Q4 2024) to 4.36% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.68% | -0.87% | 6.37% | 35.48% | 4.23% |
| Q1 2026 | 12.07% | 0.75% | 3.49% | 19.90% | 4.36% |
| Q4 2025 | 11.67% | -0.53% | 3.03% | 17.78% | 4.10% |
| Q3 2025 | 13.01% | 0.58% | 3.22% | 19.24% | 4.35% |
| Q2 2025 | 12.85% | 0.30% | 2.50% | 14.62% | 4.23% |
| Q1 2025 | 12.88% | 0.64% | 1.92% | 10.97% | 4.06% |
| Q4 2024 | 12.91% | -0.47% | 2.18% | 13.08% | 3.78% |
| Q3 2024 | 12.74% | 0.39% | 2.79% | 15.97% | 4.14% |
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Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Fairmount State Bank | Fairmount , IN | 46928 | $49.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IN, rank 115 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Fairmount State Bank
What are The Fairmount State Bank's total assets?
As of the Q2 2026 filing, The Fairmount State Bank reported total assets of $57.0 million in its FFIEC call report.
Where is The Fairmount State Bank headquartered?
It is headquartered in Fairmount, IN, United States.
When was The Fairmount State Bank founded?
It was established in 1902, per the FDIC institution directory.
Is The Fairmount State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1829). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Fairmount State Bank?
The Fairmount State Bank's primary federal regulator is the Federal Reserve.
How many branches does The Fairmount State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Fairmount State Bank's Texas Ratio?
Its Texas Ratio is 35.48% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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