The Fountain Trust Company
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Data as of · sourced from FFIEC call reports. How we update
The Fountain Trust Company is an FDIC-insured commercial bank headquartered in Covington, IN, established in 1903 (FDIC certificate 5768), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $844.6M, up 26.2% from Q2 2025, the 25th largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 15.50% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5768
- Headquarters
- Covington, IN
- Established
- 1903
- Total assets, Q2 2026
- $844.6M
- Assets vs Q2 2025
- +26.2%
- CET1 ratio, Q2 2026
- 15.50%
- Domestic offices
- 20 FDIC institution directory, current count
- Routing number
- 074904860
- Latest call report
- Q2 2026, FFIEC 051 · The Fountain Trust Company call report
- Holding company
- PIPER HOLDINGS, INC.
- Asset rank in state
- 25th of 87 in Indiana
The Fountain Trust Company is growing quickly. It reported $845 million in assets at June 30, 2026, up 26.2% from a year earlier. It grew its loan book 44.0% over the year, 8.1 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 1.25% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Loans are outrunning deposits: over the year loans rose 44.0% and deposits rose 23.2%. The commercial and industrial book ($68 million) is worsening: 3.06% of it is past due or on nonaccrual, up from 2.16% a year earlier. One more trend to watch: net income for the quarter slipped 11% from a year earlier, to $2.0 million.
As of June 30, 2026, The Fountain Trust Company reported a CET1 capital ratio of 15.50%, a return on assets of 0.95%, a nonperforming-loan ratio of 0.63% and a Texas ratio of 4.01%. The figures come from its call report filed with the FFIEC.
The Fountain Trust Company ranks as the 25th largest of the 87 banks based in Indiana, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.2% to $844.6M, loans rose 2.6% and deposits fell 1.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 31.9% of total loans, ahead of farmland and other real estate loans at 18.3%. The FDIC Summary of Deposits lists 20 offices for it, in 18 cities across 2 states; its Covington office books 18% of its branch deposits. By the capital ratios in its Q2 2026 call report, The Fountain Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 615 3rd St, Covington, IN 47932
- County
- Fountain
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1903
- Domestic offices
- 20 FDIC institution directory, current count
- Employees (FTE)
- 153
- Domestic deposits
- $744.1M
- Allowance for credit losses
- $7.8M
- Net charge-offs (YTD)
- $205K
- Average total assets
- $857.6M
- Average total loans
- $514.9M
- Average interest-bearing deposits
- $516.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5768
- Fed RSSD
- 145844
- SEC CIK
- 1864267 → filed by PIPER HOLDINGS, INC.
- Website
- http://www.fountaintrust.com →
- Parent Holding Company
- PIPER HOLDINGS, INC. (RSSD 3033045)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
The Fountain Trust Company's total assets moved between a low of $645.6M (Q2 2024) and a high of $854.7M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$844.6M total assets against $669.5M; $748.6M total liabilities against $607.6M.
$513.6M net loans and leases against $356.3M; $744.1M total deposits against $604.2M.
$214.4M securities against $212.1M; $56.1M cash and balances due against $65.5M.
$10.9M total interest income against $8.3M; $2.2M total interest expense against $2.1M.
$8.7M net interest income against $6.2M.
$1.4M total noninterest income against $1.1M; $7.4M total noninterest expense against $4.5M.
$196K provision for credit losses against $11K.
$2.0M net income against $2.3M.
0.95% return on assets against 1.34%; 4.34% net interest margin against 3.83%.
15.50% CET1 capital ratio against 17.82%; 9.99% tier 1 leverage ratio against 10.43%.
Inside the full The Fountain Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Fountain Trust Company rankings
Its closest position to the top of a national ranking is 1,188 of 4,196, for total assets; its furthest is 2,780 of 3,606, for efficiency ratio.
Banks merged into The Fountain Trust Company
- The Gifford State Bank, effective March 11, 2026
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.95% (Q4 2024) to 1.36% (Q1 2025) and its net interest margin ran from 3.34% (Q1 2026) to 4.34% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.50% | 0.95% | 0.63% | 4.01% | 4.34% |
| Q1 2026 | 15.69% | 0.97% | 0.50% | 3.22% | 3.34% |
| Q4 2025 | 18.12% | 1.02% | 0.60% | 3.22% | 3.90% |
| Q3 2025 | 18.34% | 1.25% | 0.77% | 4.08% | 3.76% |
| Q2 2025 | 17.82% | 1.34% | 0.47% | 2.67% | 3.83% |
| Q1 2025 | 17.70% | 1.36% | 0.79% | 4.49% | 3.63% |
| Q4 2024 | 16.85% | 0.95% | 0.75% | 4.61% | 3.71% |
| Q3 2024 | 17.75% | 1.29% | 0.79% | 4.43% | 3.54% |
Swipe the table sideways to see every column.
Branch Network
View all 20 branches → 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 Fountain Trust Company | Covington , IN | 47932 | $130.7M |
| The Gifford State Bank Branch | Gifford , IL | 61847 | $98.7M |
| Brookston Branch | Brookston , IN | 47923 | $68.8M |
| Attica Branch | Attica , IN | 47918 | $51.2M |
| Kingman Branch | Kingman , IN | 47952 | $40.7M |
| Rockville Branch | Rockville , IN | 47872 | $35.3M |
| Waynetown Branch | Waynetown , IN | 47990 | $33.2M |
| Lafayette Branch | Lafayette , IN | 47905 | $31.2M |
| Darlington Branch | Darlington , IN | 47940 | $30.1M |
| Monticello Branch | Monticello , IN | 47960 | $28.9M |
| Battle Ground Branch | Battle Ground , IN | 47920 | $27.3M |
| Burnettssville Branch | Burnettsville , IN | 47926 | $23.5M |
| Veedersburg Branch | Veedersburg , IN | 47987 | $22.3M |
| Crawfordsville Branch | Crawfordsville , IN | 47933 | $22.2M |
| Saint Joseph Branch | Saint Joseph , IL | 61873 | $20.8M |
| Williamsport Branch | Williamsport , IN | 47993 | $19.7M |
| Thomasboro Branch | Thomasboro , IL | 61878 | $18.6M |
| Potomac Il Branch | Potomac , IL | 61865 | $18.0M |
| Mellott Branch | Veedersburg , IN | 47987 | $13.7M |
| Ferry Street Lafayette Branch | Lafayette , IN | 47901 | $9.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 11, 2026 | Structure Change | Acquired The Gifford State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 10, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 13, 2020 | Structure Change | Acquired State Bank of Burnettsville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 15, 2017 | Structure Change | Acquired Fountain Trust Merger Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 5, 2003 | Structure Change | Acquired Heritage Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 4, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IN, rank 49 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 282 applications, 162 loans originated, $33.9M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $46K approved, $46K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Fountain Trust Company
What are The Fountain Trust Company's total assets?
As of the Q2 2026 filing, The Fountain Trust Company reported total assets of $844.6 million in its FFIEC call report.
Where is The Fountain Trust Company headquartered?
It is headquartered in Covington, IN, United States.
When was The Fountain Trust Company founded?
It was established in 1903, per the FDIC institution directory.
Is The Fountain Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5768). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Fountain Trust Company?
The Fountain Trust Company's primary federal regulator is the FDIC.
What is The Fountain Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.50% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Fountain Trust Company operate?
It operates 20 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Fountain Trust Company's Texas Ratio?
Its Texas Ratio is 4.01% 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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