Financial strength ranking · Indiana · Call Report data as of Q2 2026

Best Banks in Indiana by Financial Strength

Alliance Bank ranks first among the 80 banks headquartered in Indiana we score, with a financial strength score of 79.8 out of 100 as of June 30, 2026. The score averages each bank's national percentile on four Call Report ratios: return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

Ranked first: Alliance Bank
Its score: 79.8 of 100
Banks scored in Indiana: 80
Its return on assets: 2.06%

Every scored bank in Indiana

Select a column heading to sort. Score is 0 to 100, where 100 would be the best US bank on all four ratios; ratios for Q2 2026.

Banks headquartered in Indiana ranked by financial strength score, with total assets, return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

1	Alliance Bank Francesville	79.8	2.06%	50.73%	12.43%	0.01%	$454.8M
2	Freedom Bank Huntingburg	78.9	2.26%	41.96%	12.62%	0.20%	$585.7M
3	Centrebank Veedersburg	76.3	2.34%	56.03%	17.16%	0.25%	$120.0M
4	Farmers State Bank Lagrange	75.2	1.93%	46.06%	10.75%	0.01%	$1.31B
5	1st Source Bank South Bend	70.6	2.12%	45.63%	13.72%	0.78%	$9.26B
6	Bank of Wolcott Wolcott	70.5	1.77%	47.03%	12.01%	0.29%	$280.3M
7	Lake City Bank Warsaw	69.9	1.65%	44.64%	11.89%	0.28%	$7.24B
8	Springs Valley Bank & Trust Company French Lick	69.7	1.84%	57.62%	12.50%	0.11%	$675.3M
9	First Federal Savings Bank of Angola Angola	68.5	1.11%	62.75%	23.28%	0.00%	$137.3M
10	The Bippus State Bank Huntington	68.0	2.67%	49.19%	11.99%	0.67%	$458.9M
11	German American Bank Jasper	67.8	1.81%	46.20%	11.19%	0.32%	$8.43B
12	Grant County State Bank Swayzee	66.2	3.19%	20.02%	11.73%	1.98%	$395.7M
13	Greenfield Banking Company Greenfield	65.7	1.81%	51.48%	13.92%	0.77%	$930.5M
14	The Garrett State Bank Garrett	62.6	1.99%	43.00%	10.47%	0.62%	$399.7M
15	First Bank of Berne Berne	61.9	2.00%	46.87%	9.92%	0.38%	$1.09B
16	Farmers and Merchants Bank Laotto	61.5	1.58%	53.40%	9.05%	0.00%	$306.1M
17	Kentland Bank Kentland	61.0	1.72%	45.97%	12.54%	1.52%	$419.4M
18	First Harrison Bank Corydon	59.4	1.49%	53.28%	11.33%	0.38%	$1.29B
19	The First National Bank of Monterey Monterey	59.2	1.06%	55.88%	13.13%	0.22%	$430.5M
20	Centier Bank Merrillville	59.0	1.62%	46.26%	10.74%	0.64%	$10.41B
21	Merchants Bank of Indiana Carmel	58.1	1.58%	38.79%	11.28%	1.31%	$21.17B
22	First State Bank of Porter Porter	58.1	0.82%	71.70%	16.80%	0.00%	$162.3M
23	The Peoples State Bank Ellettsville	56.9	1.55%	61.52%	10.47%	0.10%	$506.6M
24	Horizon Bank Michigan City	55.9	1.72%	53.16%	10.52%	0.60%	$6.55B
25	First State Bank of Middlebury Middlebury	55.8	1.60%	56.82%	13.37%	1.22%	$836.2M
26	First Farmers Bank & Trust Co. Converse	55.6	1.67%	45.89%	10.06%	0.74%	$3.50B
27	The National Bank of Indianapolis Indianapolis	55.2	1.51%	54.71%	9.29%	0.11%	$3.04B
28	FCN Bank, N.A. Brookville	53.6	1.16%	58.14%	9.92%	0.01%	$812.5M
29	State Bank Brownsburg	52.9	1.07%	64.93%	11.90%	0.10%	$916.1M
30	Fowler State Bank Fowler	52.8	1.20%	67.10%	15.51%	0.42%	$190.3M
31	First Financial Bank, N.A. Terre Haute	52.4	1.48%	55.46%	10.36%	0.46%	$6.17B
32	The Napoleon State Bank Napoleon	51.4	1.42%	54.09%	11.07%	0.83%	$499.2M
33	LNB Community Bank Lynnville	50.8	1.84%	64.15%	9.36%	0.18%	$181.0M
34	Bedford Federal Savings Bank Bedford	50.0	1.64%	47.42%	9.96%	1.36%	$303.0M
35	Demotte State Bank Demotte	49.9	1.58%	57.35%	11.85%	1.81%	$622.0M
36	The North Salem State Bank North Salem	48.3	1.63%	52.46%	8.98%	0.55%	$769.6M
37	Old National Bank Evansville	48.0	1.45%	44.95%	8.80%	0.64%	$73.86B
38	Citizens State Bank of New Castle New Castle	47.9	1.15%	59.86%	10.45%	0.26%	$908.8M
39	Mutual Savings Bank Franklin	47.8	0.97%	68.64%	10.22%	0.00%	$352.9M
40	The Peoples Bank Brownstown	47.4	1.32%	53.34%	9.32%	0.38%	$323.8M
41	Campbell & Fetter Bank Kendallville	47.3	0.84%	64.69%	10.00%	0.00%	$355.0M
42	Community State Bank Avilla	44.2	1.21%	57.58%	9.51%	0.34%	$553.6M
43	First Federal Savings Bank Huntington	44.0	1.35%	54.93%	10.46%	1.43%	$553.6M
44	Community State Bank Brook	43.6	1.10%	54.77%	9.41%	0.36%	$161.2M
45	Citizens Bank Mooresville	41.8	0.97%	67.90%	9.78%	0.06%	$690.6M
46	Union Savings and Loan Association Connersville	40.8	1.28%	62.51%	10.45%	0.81%	$261.8M
47	First Merchants Bank Muncie	39.8	0.87%	54.29%	9.96%	0.61%	$21.32B
48	Star Financial Bank Fort Wayne	39.3	0.96%	67.63%	10.33%	0.27%	$3.23B
49	The Farmers and Merchants Bank Boswell	38.5	0.86%	69.28%	9.12%	0.01%	$213.4M
50	The Home National Bank of Thorntown Thorntown	37.3	0.99%	66.40%	10.37%	0.44%	$185.6M
51	Hoosier Heartland State Bank Crawfordsville	35.8	1.41%	66.71%	8.70%	0.47%	$356.3M
52	Security Federal Savings Bank Logansport	35.1	0.66%	75.72%	10.96%	0.27%	$464.4M
53	American Community Bank of Indiana Saint John	34.7	1.01%	53.26%	9.83%	2.15%	$383.0M
54	Home Bank SB Martinsville	34.5	0.66%	79.84%	12.46%	0.52%	$433.1M
55	The Fountain Trust Company Covington	33.6	0.95%	70.46%	9.99%	0.39%	$844.6M
56	Spencer County Bank Santa Claus	32.6	0.74%	75.18%	14.57%	1.84%	$131.2M
57	Community State Bank Royal Center	32.4	0.55%	79.91%	10.48%	0.20%	$175.9M
58	Community First Bank of Indiana Kokomo	32.1	1.29%	66.19%	9.92%	1.52%	$980.3M
59	The Riddell National Bank Brazil	32.1	1.24%	61.58%	8.49%	0.83%	$384.3M
60	First Federal Savings and Loan Association of Greensburg Greensburg	31.9	0.48%	77.74%	12.33%	0.65%	$159.5M
61	Crossroads Bank Wabash	31.0	1.12%	62.88%	9.49%	1.05%	$616.1M
62	Wayne Bank and Trust Co. Richmond	30.9	1.02%	73.06%	9.53%	0.39%	$255.3M
63	Hendricks County Bank and Trust Company Brownsburg	30.6	0.76%	75.24%	9.96%	0.30%	$247.4M
64	Bath State Bank Bath	27.9	1.00%	66.70%	8.82%	0.59%	$337.6M
65	The Friendship State Bank Friendship	27.0	0.79%	76.31%	8.79%	0.23%	$543.8M
66	Owen County State Bank Spencer	27.0	0.88%	68.07%	8.55%	0.43%	$388.5M
67	First Bank Midwest Frankfort	26.4	0.66%	70.11%	10.90%	1.41%	$1.55B
68	First Federal Savings Bank Rochester	26.3	1.11%	72.23%	9.31%	0.83%	$686.6M
69	The New Washington State Bank New Washington	26.1	0.96%	67.63%	9.33%	0.88%	$798.1M
70	First Federal Savings Bank Evansville	26.0	0.45%	84.94%	9.54%	0.20%	$575.6M
71	Peoples Trust and Savings Bank Boonville	25.0	0.33%	88.51%	12.96%	1.52%	$240.6M
72	United Fidelity Bank, FSB Evansville	24.7	0.07%	105.33%	10.16%	0.26%	$6.49B
73	First National Bank Cloverdale	22.3	0.45%	82.82%	9.50%	0.38%	$418.5M
74	Jackson County Bank Seymour	21.9	0.82%	72.10%	8.46%	0.60%	$1.11B
75	First Internet Bank of Indiana Fishers	21.6	0.31%	57.35%	7.57%	1.16%	$5.53B
76	Logansport Savings Bank Logansport	18.5	0.72%	75.95%	9.96%	2.02%	$276.5M
77	The Hometown Savings Bank Terre Haute	16.3	0.27%	88.10%	8.29%	0.38%	$455.7M
78	Peoples Bank Munster	16.1	0.40%	82.26%	9.31%	0.81%	$2.04B
79	Tri-County Bank & Trust Company Roachdale	9.8	0.37%	82.00%	9.09%	2.27%	$313.9M
80	Farmers and Mechanics Federal Savings Bank Bloomfield	8.4	-0.31%	109.60%	6.79%	0.77%	$113.6M

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How the score works

Each bank gets a percentile on each of four ratios, measured against every US bank that filed a Call Report for the quarter and turned so that higher is always better: 100 is the best bank in the country on that ratio and 0 the weakest. The score is the plain average of the four percentiles; 3,583 banks nationwide are scored.

Return on assets: higher is better.
Efficiency ratio: lower is better.
Tier 1 leverage ratio: higher is better.
Nonperforming assets ratio: lower is better.

A bank is scored when it is ranked on all four of those leaderboards: at least $100 million in total assets, open, a lending institution, and a quarter not driven by gains or losses on equity securities. Banks are listed by headquarters state.

Frequently asked questions

What is the best bank in Indiana?

By our financial strength score, Alliance Bank of Francesville ranks first among the 80 scored banks headquartered in Indiana, scoring 79.8 out of 100 for Q2 2026: return on assets of 2.06%, an efficiency ratio of 50.73%, a Tier 1 leverage ratio of 12.43% and nonperforming assets of 0.01% of total assets. Freedom Bank and Centrebank rank second and third.

How are the best banks in Indiana ranked?

Each bank is placed on four Call Report ratios against every US bank that filed for the quarter: return on assets and the Tier 1 leverage ratio, where higher is better, and the efficiency ratio and the nonperforming assets ratio, where lower is better. Each placement is a percentile from 0 to 100, and the score is their average. Only banks with at least $100 million in assets that are ranked on all four ratios are scored, 3,583 banks nationwide.

Does this ranking say which bank I should open an account with?

No. The score reads only what a bank files with its regulators: earnings, cost control, capital and problem assets. It does not measure deposit rates, fees, branches, apps or service, which matter most when choosing a bank for an account, and it is not a safety rating. FDIC insurance protects deposits at insured banks up to the legal limit regardless of a bank's score.

More in Indiana

Largest banks in Indiana Bank deposits in Indiana Largest credit unions in Indiana Return on assets ranking Efficiency ratio ranking Tier 1 leverage ratio ranking Nonperforming assets ratio ranking All rankings

Source: FFIEC Call Reports for Q2 2026, refreshed as each quarter's filings are processed. A ranking is not a safety rating: FDIC insurance covers deposits at insured banks up to the legal limit, whatever the score. Check your coverage with the FDIC insurance calculator.