Grant County State Bank (Swayzee, IN)
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Data as of · sourced from FFIEC call reports. How we update
Grant County State Bank is an FDIC-insured commercial bank headquartered in Swayzee, IN, established in 1939 (FDIC certificate 15687), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $395.7M, up 5.5% from Q2 2025, the 51st largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 17.55% 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
- 15687
- Headquarters
- Swayzee, IN
- Established
- 1939
- Total assets, Q2 2026
- $395.7M
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 17.55%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 074909218
- Holding company
- GRANT COUNTY STATE BANCSHARES, INC.
- Asset rank in state
- 51st of 87 in Indiana
Problem loans are rising at Grant County State Bank. The Swayzee, Indiana bank had $396 million in assets at June 30, 2026, up 5.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.35% of loans from 1.72% a year earlier. It earns about $3.19 a year on every $100 of assets, 2.5 times the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 20 cents to bring in each dollar of revenue, about a third the median of 61 cents for banks its size.
Funding is the softer spot: it pays an average of 3.49% on its deposits and borrowings, about double the median of 1.80% for banks its size.
As of June 30, 2026, Grant County State Bank reported a CET1 capital ratio of 17.55%, a return on assets of 3.19%, a nonperforming-loan ratio of 2.35% and a Texas ratio of 14.84%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Grant County State Bank is the 51st largest of the 87 banks headquartered in Indiana. Quarter on quarter (Q1 2026 to Q2 2026), its total assets were flat, loans rose 3.2% and deposits were flat. 1-4 family residential loans made up 52.1% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 11.3%. The FDIC Summary of Deposits lists 3 offices for it, in Swayzee, IN, Marion, IN and Sweetser, IN; its Swayzee office books 69% of its branch deposits. Judged on its Q2 2026 call report, Grant County State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 102 N Washington St, Swayzee, IN 46986
- County
- Grant
- Metro Area
- Marion, IN
- 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
- September 30, 1939
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $308.2M
- Allowance for credit losses
- $6.4M
- Net charge-offs (YTD)
- $36K
- Average total assets
- $394.9M
- Average total loans
- $322.3M
- Average interest-bearing deposits
- $264.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 2, 1939
- FDIC Cert
- 15687
- Fed RSSD
- 933340
- Website
- www.grantcostatebank.com →
- Parent Holding Company
- GRANT COUNTY STATE BANCSHARES, INC. (RSSD 1205370)
- Ultimate Parent
- RSSD 2920830
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
From Q3 2023 to Q2 2026, Grant County State Bank's total assets ranged from $302.3M (Q3 2023) to $395.9M (Q1 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
$395.7M total assets against $375.2M; $349.4M total liabilities against $328.6M.
$319.2M net loans and leases against $309.1M; $308.2M total deposits against $292.4M.
$0 securities against $0; $66.0M cash and balances due against $56.3M.
$7.0M total interest income against $6.7M; $3.0M total interest expense against $2.8M.
$4.0M net interest income against $3.9M.
$163K total noninterest income against $155K; $835K total noninterest expense against $910K.
$189K provision for credit losses against $122K.
$3.1M net income against $3.1M.
3.19% return on assets against 3.29%; 4.11% net interest margin against 4.30%.
17.55% CET1 capital ratio against 18.68%; 11.73% tier 1 leverage ratio against 12.57%.
Inside the full Grant County 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Grant County State Bank rankings
Its closest position to the top of a national ranking is 13 of 3,606, for efficiency ratio; its furthest is 2,066 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 2.36% (Q4 2025) to 3.34% (Q4 2024) and its net interest margin ran from 3.93% (Q1 2026) to 4.32% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.55% | 3.19% | 2.35% | 14.84% | 4.11% |
| Q1 2026 | 18.27% | 2.90% | 1.86% | 11.46% | 3.93% |
| Q4 2025 | 17.60% | 2.36% | 2.08% | 13.29% | 4.15% |
| Q3 2025 | 17.41% | 3.23% | 2.13% | 13.81% | 4.25% |
| Q2 2025 | 18.68% | 3.29% | 1.72% | 10.42% | 4.30% |
| Q1 2025 | 20.65% | 3.08% | 1.82% | 9.93% | 4.13% |
| Q4 2024 | 19.94% | 3.34% | 2.03% | 11.46% | 4.32% |
| Q3 2024 | 20.01% | 3.27% | 1.29% | 7.28% | 4.28% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Grant County State Bank (main office) | Swayzee , IN | 46986 | $213.9M |
| Marion Branch | Marion , IN | 46952 | $76.4M |
| Sweetser Branch | Sweetser , IN | 46987 | $17.9M |
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 |
|---|---|---|---|
| January 1, 2013 | Structure Change | Acquired The Farmers State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 31, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IN, rank 73 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $650K approved, $650K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Grant County State Bank
What are Grant County State Bank's total assets?
As of the Q2 2026 filing, Grant County State Bank reported total assets of $395.7 million in its FFIEC call report.
Where is Grant County State Bank headquartered?
It is headquartered in Swayzee, IN, United States.
When was Grant County State Bank founded?
It was established in 1939, per the FDIC institution directory.
Is Grant County State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15687). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Grant County State Bank?
Grant County State Bank's primary federal regulator is the FDIC.
What is Grant County State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.55% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Grant County State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Grant County State Bank's Texas Ratio?
Its Texas Ratio is 14.84% 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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