Mid-Southern Savings Bank, F.S.B.
Also written as MSSB
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Data as of · sourced from FFIEC call reports. How we update
Mid-Southern Savings Bank, F.S.B. is an FDIC-insured savings institution headquartered in Salem, IN, established in 1891 (FDIC certificate 30133), and it is supervised by the OCC. At Q1 2025 it reported total assets of $228.0M, down 5.2% from Q1 2024. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.55% at Q1 2025, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 30133
- Headquarters
- Salem, IN
- Established
- 1891
- Total assets, Q1 2025
- $228.0M
- Assets vs Q1 2024
- -5.2%
- Tier 1 leverage ratio, Q1 2025
- 15.55%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 283971901
Mid-Southern Savings Bank, F.S.B., based in Salem, Indiana, reported $228 million in assets at March 31, 2025, down 5.2% from a year earlier. It pays an average of 0.80% on its deposits and borrowings, about a third the median of 1.97% for the 2,782 banks with $100 million to $1 billion in assets. It also funds 15.55% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.69%).
Earnings jumped: net income for the quarter was $815,000, 92% above the same quarter a year earlier. Over the same year, loans shrank 10.0% and deposits shrank 5.5%.
As of March 31, 2025, Mid-Southern Savings Bank, F.S.B. reported a return on assets of 1.42%, a nonperforming-loan ratio of 0.24% and a Texas ratio of 0.83%. The figures come from its call report filed with the FFIEC.
Quarter on quarter (Q4 2024 to Q1 2025), its total assets rose 1.3% to $228.0M, loans fell 4.0% and deposits rose 1.1%. The largest part of its loan book on March 31, 2025 was 1-4 family residential loans, at 46.4% of total loans, ahead of owner-occupied commercial real estate loans at 12.5%. The FDIC Summary of Deposits lists 3 offices for it, in Salem, IN, Orleans, IN and Mitchell, IN; its Salem office books 49% of its branch deposits. On its Q1 2025 call report, Mid-Southern Savings Bank, F.S.B. meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 300 N Water St, Salem, IN 47167
- County
- Washington
- Metro Area
- Louisville-Jefferson County, KY-IN
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1891
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 36
- Domestic deposits
- $192.1M
- Allowance for credit losses
- $1.8M
- Net charge-offs (YTD)
- $3K
- Average total assets
- $228.9M
- Average total loans
- $137.7M
- Average interest-bearing deposits
- $192.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 30133
- Fed RSSD
- 857875
Profitability
Q1 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q1 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, Mid-Southern Savings Bank, F.S.B. reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q1 2025, Mid-Southern Savings Bank, F.S.B.'s total assets ran between $225.1M (Q4 2024) and $268.9M (Q4 2022), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q1 2025 with Q1 2024. How these charts are built
$228.0M total assets against $240.4M; $193.1M total liabilities against $207.7M.
$127.7M net loans and leases against $141.9M; $192.1M total deposits against $203.2M.
$7.3M securities against $76.8M; $83.1M cash and balances due against $8.3M.
$2.8M total interest income against $2.8M; $551K total interest expense against $884K.
$2.2M net interest income against $1.9M.
$249K total noninterest income against $263K; $1.5M total noninterest expense against $1.6M.
-$69K provision for credit losses against -$66K.
$815K net income against $425K.
1.42% return on assets against 0.62%; 3.89% net interest margin against 2.97%.
15.55% tier 1 leverage ratio against 15.68%.
Inside the full Mid-Southern Savings Bank, F.S.B. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
Across the 8 quarters to Q1 2025, its return on assets ran from -13.11% (Q4 2024) to 1.42% (Q1 2025) and its net interest margin ran from 2.97% (Q1 2024) to 3.89% (Q1 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q1 2025 | 15.55% | 1.42% | 0.24% | 0.83% | 3.89% |
| Q4 2024 | 14.75% | -13.11% | 0.24% | 0.90% | 3.08% |
| Q3 2024 | 17.80% | 0.93% | 0.18% | 0.68% | 3.48% |
| Q2 2024 | 17.33% | 0.91% | 0.24% | 0.98% | 3.38% |
| Q1 2024 | 15.68% | 0.62% | 0.20% | 0.84% | 2.97% |
| Q4 2023 | 15.41% | 0.82% | 0.40% | 1.65% | 3.17% |
| Q3 2023 | 15.47% | 0.88% | 0.46% | 2.26% | 3.00% |
| Q2 2023 | 15.56% | 0.78% | 0.61% | 2.65% | 3.06% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2024. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Mid-Southern Savings Bank, Fsb | Salem , IN | 47167 | $98.0M |
| Orleans Branch | Orleans , IN | 47452 | $59.9M |
| W Main St Branch | Mitchell , IN | 47446 | $41.8M |
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 |
|---|---|---|---|
| April 26, 2025 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC, OCC (former OTS)); 1 against individuals associated with it
- April 17, 2013, OCC: Formal Agreement: Mid-Southern Savings Bank, FSB
- March 1, 2010, OCC (former OTS): Civil Money Penalty: Mid-Southern Savings Bank, FSB
- Period: Most recent institution action April 17, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Not on file
- Deposit market share, 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
Similar banks
Frequently asked about Mid-Southern Savings Bank, F.S.B.
What are Mid-Southern Savings Bank, F.S.B.'s total assets?
As of the Q1 2025 filing, Mid-Southern Savings Bank, F.S.B. reported total assets of $228.0 million in its FFIEC call report.
Where is Mid-Southern Savings Bank, F.S.B. headquartered?
It is headquartered in Salem, IN, United States.
When was Mid-Southern Savings Bank, F.S.B. founded?
It was established in 1891, per the FDIC institution directory.
Is Mid-Southern Savings Bank, F.S.B. FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #30133). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mid-Southern Savings Bank, F.S.B.?
Mid-Southern Savings Bank, F.S.B.'s primary federal regulator is the OCC.
How many branches does Mid-Southern Savings Bank, F.S.B. 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 Mid-Southern Savings Bank, F.S.B.'s Texas Ratio?
Its Texas Ratio is 0.83% in its Q1 2025 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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