The New Washington State Bank
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Data as of · sourced from FFIEC call reports. How we update
The New Washington State Bank is an FDIC-insured commercial bank headquartered in New Washington, IN, established in 1908 (FDIC certificate 13305), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $798.1M, up 23.8% from Q2 2025, the 28th largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.33% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13305
- Headquarters
- New Washington, IN
- Established
- 1908
- Total assets, Q2 2026
- $798.1M
- Assets vs Q2 2025
- +23.8%
- Tier 1 leverage ratio, Q2 2026
- 9.33%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 083008650
- Latest call report
- Q2 2026, FFIEC 051 · The New Washington State Bank call report
- Holding company
- NEW INDEPENDENT BANCSHARES, INC.
- Asset rank in state
- 28th of 87 in Indiana
The New Washington State Bank is growing quickly. The New Washington, Indiana bank had $798 million in assets at June 30, 2026, up 23.8% from a year earlier. It grew its loan book 22.3% over the year, 4.1 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also funds 9.33% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
Earnings jumped: net income for the quarter was $1.9 million, 177% above the same quarter a year earlier. The commercial and industrial book ($82 million) is worsening: 3.46% of it is past due or on nonaccrual, up from 1.03% a year earlier. Credit is the area to watch: it carries problem assets equal to 10.2% of the capital and reserves that would absorb them, 3.8 times the median of 2.6% for banks its size.
As of June 30, 2026, The New Washington State Bank reported a return on assets of 0.96%, a nonperforming-loan ratio of 0.83% and a Texas ratio of 10.15%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, The New Washington State Bank is the 28th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 3.8% to $798.1M, loans rose 3.5% and deposits rose 4.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 27.5% of total loans, ahead of commercial and industrial loans at 15.4%. Its 12 offices in the FDIC Summary of Deposits are in 10 cities in IN; its Jeffersonville 3 offices book 21% of its branch deposits. Judged on its Q2 2026 call report, The New Washington State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 402 E Main St, New Washington, IN 47162
- County
- Clark
- Metro Area
- Louisville-Jefferson County, KY-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 8, St. Louis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 8, 1908
- Former names
- The New Washington State Bank (2018)
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 129
- Domestic deposits
- $721.6M
- Allowance for credit losses
- $6.7M
- Net charge-offs (YTD)
- $195K
- Average total assets
- $790.6M
- Average total loans
- $526.6M
- Average interest-bearing deposits
- $558.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 13305
- Fed RSSD
- 305442
- Website
- www.newwashbank.com →
- Parent Holding Company
- NEW INDEPENDENT BANCSHARES, INC. (RSSD 2257228)
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 New Washington State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The New Washington State Bank's total assets moved between a low of $520.0M (Q3 2023) and a high of $798.1M (Q2 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
$798.1M total assets against $644.8M; $728.1M total liabilities against $595.1M.
$526.6M net loans and leases against $431.3M; $721.6M total deposits against $589.7M.
$163.4M securities against $119.1M; $55.0M cash and balances due against $59.4M.
$10.4M total interest income against $8.1M; $3.3M total interest expense against $2.7M.
$7.1M net interest income against $5.4M.
$1.1M total noninterest income against $850K; $5.6M total noninterest expense against $4.5M.
$190K provision for credit losses against $127K.
$1.9M net income against $689K.
0.96% return on assets against 0.43%; 3.95% net interest margin against 3.70%.
9.33% tier 1 leverage ratio against 9.61%.
Inside the full The New Washington 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
The New Washington State Bank rankings
Its closest position to the top of a national ranking is 629 of 3,640, for Texas Ratio; its furthest is 2,590 of 3,611, for ROA.
Banks merged into The New Washington State Bank
- State Bank of Medora, effective November 19, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.43% (Q4 2025) to 0.96% (Q2 2026) and its net interest margin ran from 3.61% (Q4 2025) to 3.95% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.33% | 0.96% | 0.83% | 10.15% | 3.95% |
| Q1 2026 | 9.77% | 0.88% | 0.28% | 5.67% | 3.87% |
| Q4 2025 | 9.68% | 0.43% | 0.81% | 5.84% | 3.61% |
| Q3 2025 | 9.48% | 0.83% | 0.84% | 6.59% | 3.72% |
| Q2 2025 | 9.61% | 0.43% | 0.74% | 5.92% | 3.70% |
| Q1 2025 | 9.93% | 0.88% | 0.72% | 5.72% | 3.66% |
| Q4 2024 | 10.12% | 0.87% | 0.76% | 6.16% | 3.83% |
| Q3 2024 | 10.24% | 0.84% | 0.86% | 6.33% | 3.69% |
Swipe the table sideways to see every column.
Branch Network
View all 12 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 |
|---|---|---|---|
| Charlestown Branch | Charlestown , IN | 47111 | $105.4M |
| Sellersburg Branch | Sellersburg , IN | 47172 | $97.1M |
| Jeffersonville Branch | Jeffersonville , IN | 47130 | $96.6M |
| State Bank of Medora Branch | Medora , IN | 47260 | $77.6M |
| Scottsburg Branch | Scottsburg , IN | 47170 | $77.3M |
| The New Washington State Bank | New Washington , IN | 47162 | $71.6M |
| Henryville Branch | Henryville , IN | 47126 | $60.4M |
| Borden Branch | Borden , IN | 47106 | $42.1M |
| New Albany | New Albany , IN | 47150 | $33.6M |
| River Ridge Branch | Jeffersonville , IN | 47130 | $33.2M |
| The New Washington State Bank Branch | Jeffersonville , IN | 47130 | $23.5M |
| The Washington State Bank Branch | Floyds Knobs , IN | 47119 | $3.1M |
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 |
|---|---|---|---|
| November 19, 2025 | Structure Change | Acquired State Bank of Medora Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 18, 2025 | 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
- 0.3% of deposits in IN, rank 42 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 136 applications, 116 loans originated, $41.1M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.2M approved, $1.2M 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, 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 New Washington State Bank
What are The New Washington State Bank's total assets?
As of the Q2 2026 filing, The New Washington State Bank reported total assets of $798.1 million in its FFIEC call report.
Where is The New Washington State Bank headquartered?
It is headquartered in New Washington, IN, United States.
When was The New Washington State Bank founded?
It was established in 1908, per the FDIC institution directory.
Is The New Washington State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13305). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The New Washington State Bank?
The New Washington State Bank's primary federal regulator is the FDIC.
How many branches does The New Washington State Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The New Washington State Bank's Texas Ratio?
Its Texas Ratio is 10.15% 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.
What was The New Washington State Bank previously called?
The charter now named The New Washington State Bank has also operated as The New Washington State Bank (2018), per FDIC structure-change records.
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