The North Salem State Bank
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Data as of · sourced from FFIEC call reports. How we update
The North Salem State Bank is an FDIC-insured commercial bank headquartered in North Salem, IN, established in 1923 (FDIC certificate 8063), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $769.6M, up 9.4% from Q2 2025, the 29th largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 11.60% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8063
- Headquarters
- North Salem, IN
- Established
- 1923
- Total assets, Q2 2026
- $769.6M
- Assets vs Q2 2025
- +9.4%
- CET1 ratio, Q2 2026
- 11.60%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 074908688
- Holding company
- NORTH SALEM STATE BANCORPORATION, THE
- Asset rank in state
- 29th of 87 in Indiana
Problem loans are rising at The North Salem State Bank. It reported $770 million in assets at June 30, 2026, up 9.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.67% of loans from 0.05% a year earlier. It funds 8.98% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). On the other hand, it returns 19.2% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.5%).
Net income for the quarter rose 16% from a year earlier, to $3.2 million. Over the same year, loans grew 6.8% and deposits grew 10.4%. Funding is the softer spot: it pays an average of 2.24% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, The North Salem State Bank reported a CET1 capital ratio of 11.60%, a return on assets of 1.63%, a nonperforming-loan ratio of 0.67% and a Texas ratio of 5.36%. The figures come from its call report filed with the FFIEC.
The North Salem State Bank ranks as the 29th largest of the 87 banks based in Indiana, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.7% to $769.6M, loans rose 1.2% and deposits rose 0.1%. 1-4 family residential loans made up 31.7% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 20.6%. The FDIC Summary of Deposits lists 9 offices for it, in 7 cities in IN; its Danville 2 offices book 33% of its branch deposits. Judged on its Q2 2026 call report, The North Salem State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 7 N Broadway St, North Salem, IN 46165
- County
- Hendricks
- Metro Area
- Indianapolis-Carmel-Greenwood, 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
- July 14, 1923
- Former names
- The North Salem State Bank (2006)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 112
- Domestic deposits
- $687.9M
- Allowance for credit losses
- $10.3M
- Net charge-offs (YTD)
- $0
- Average total assets
- $800.0M
- Average total loans
- $624.7M
- Average interest-bearing deposits
- $556.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8063
- Fed RSSD
- 947749
- Website
- www.nssb.bank →
- Parent Holding Company
- NORTH SALEM STATE BANCORPORATION, THE (RSSD 1136830)
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
Over the 12 quarters to Q2 2026, The North Salem State Bank's total assets ran between $605.5M (Q4 2023) and $776.3M (Q4 2025), 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
$769.6M total assets against $703.6M; $700.2M total liabilities against $644.3M.
$617.2M net loans and leases against $577.8M; $687.9M total deposits against $623.2M.
$77.2M securities against $48.4M; $42.8M cash and balances due against $46.4M.
$12.2M total interest income against $10.9M; $4.1M total interest expense against $3.7M.
$8.1M net interest income against $7.2M.
$1.2M total noninterest income against $971K; $4.9M total noninterest expense against $4.4M.
$243K provision for credit losses against $213K.
$3.2M net income against $2.8M.
1.63% return on assets against 1.56%; 4.19% net interest margin against 4.17%.
11.60% CET1 capital ratio against 10.69%; 8.98% tier 1 leverage ratio against 8.73%.
Inside the full The North Salem State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe North Salem State Bank rankings
Its closest position to the top of a national ranking is 986 of 3,606, for efficiency ratio; its furthest is 1,828 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.42% (Q4 2025) to 1.66% (Q3 2025) and its net interest margin ran from 4.09% (Q1 2026) to 4.35% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.60% | 1.63% | 0.67% | 5.36% | 4.19% |
| Q1 2026 | 11.14% | 1.62% | 0.38% | 3.17% | 4.09% |
| Q4 2025 | 10.54% | 1.42% | 0.07% | 0.54% | 4.26% |
| Q3 2025 | 11.02% | 1.66% | 0.53% | 4.44% | 4.35% |
| Q2 2025 | 10.69% | 1.56% | 0.05% | 0.41% | 4.17% |
| Q1 2025 | 10.45% | 1.64% | 0.06% | 0.50% | 4.27% |
| Q4 2024 | 10.62% | 1.43% | 0.00% | 0.03% | 4.25% |
| Q3 2024 | 10.37% | 1.56% | 0.33% | 2.87% | 4.13% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 North Salem State Bank | North Salem , IN | 46165 | $166.9M |
| Danville Branch | Danville , IN | 46122 | $131.2M |
| Danville Old Farm Branch | Danville , IN | 46122 | $96.2M |
| Greencastle Branch | Greencastle , IN | 46135 | $77.1M |
| Lebanon, in Branch | Lebanon , IN | 46052 | $67.3M |
| Plainfield Branch | Plainfield , IN | 46168 | $61.8M |
| Clayton | Clayton , IN | 46118 | $32.1M |
| Jamestown Branch | Jamestown , IN | 46147 | $29.2M |
| Greencastle North Branch | Greencastle , IN | 46135 | $26.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IN, rank 43 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 213 applications, 200 loans originated, $48.4M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $121K approved, $121K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 North Salem State Bank
What are The North Salem State Bank's total assets?
As of the Q2 2026 filing, The North Salem State Bank reported total assets of $769.6 million in its FFIEC call report.
Where is The North Salem State Bank headquartered?
It is headquartered in North Salem, IN, United States.
When was The North Salem State Bank founded?
It was established in 1923, per the FDIC institution directory.
Is The North Salem State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8063). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The North Salem State Bank?
The North Salem State Bank's primary federal regulator is the FDIC.
What is The North Salem State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.60% in its Q2 2026 call report, above regulatory requirements.
How many branches does The North Salem State Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The North Salem State Bank's Texas Ratio?
Its Texas Ratio is 5.36% 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 North Salem State Bank previously called?
The charter now named The North Salem State Bank has also operated as The North Salem State Bank (2006), per FDIC structure-change records.
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