Asset Quality ranking · Indiana · Call report data as of September 30, 2026
Indiana Banks: Highest CRE Delinquency
Peoples Trust and Savings Bank has the highest commercial real estate noncurrent rate of the 62 ranked banks headquartered in Indiana, at 11.83% as of September 30, 2026. The median among the 62 ranked Indiana banks is 0.26%, against 0.19% for all US banks. That top value sits far outside the middle half of ranked banks (0.00% to 0.67%). A rate this far from the middle usually comes from a few large problem loans or from lending to borrowers with lower credit scores, so read it beside the bank's dollar amounts and its trend.
This list ranks Indiana banks by commercial real estate noncurrent rate. For the largest banks headquartered in Indiana, see largest banks in Indiana.
- No. 1 in Indiana
- Peoples Trust and Savings Bank
- Its CRE noncurrent
- 11.83%
- Indiana median
- 0.26%
- Banks ranked
- 62
Ranked among banks headquartered in Indiana, numbered 1 to 62 within the state from the same population as the national list. Browse every bank in the Indiana bank directory.
Top 62 Indiana banks by commercial real estate noncurrent rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the Indiana median of 0.26%. Missing values show as a dash and sort last.
| 1 | Peoples Trust and Savings Bank Boonville, IN | 11.83% | $236.3M $100M to $1B |
| 2 | Crossroads Bank Wabash, IN | 6.18% | $612.4M $100M to $1B |
| 3 | Tri-County Bank & Trust Company Roachdale, IN | 4.65% | $302.4M $100M to $1B |
| 4 | Jackson County Bank Seymour, IN | 3.60% | $1.15B $1B to $10B |
| 5 | Merchants Bank of Indiana Carmel, IN | 3.34% | $20.83B $10B to $100B |
| 6 | American Community Bank of Indiana Saint John, IN | 2.94% | $414.2M $100M to $1B |
| 7 | United Fidelity Bank, FSB Evansville, IN | 2.71% | $5.92B $1B to $10B |
| 8 | Centier Bank Merrillville, IN | 1.90% | $10.57B $10B to $100B |
| 9 | First Federal Savings Bank Huntington, IN | 1.77% | $550.3M $100M to $1B |
| 10 | The Riddell National Bank Brazil, IN | 1.76% | $380.7M $100M to $1B |
| 11 | Home Bank SB Martinsville, IN | 1.59% | $437.5M $100M to $1B |
| 12 | First Financial Bank, N.A. Terre Haute, IN | 1.31% | $6.06B $1B to $10B |
| 13 | Bank of Wolcott Wolcott, IN | 0.82% | $281.9M $100M to $1B |
| 14 | First Harrison Bank Corydon, IN | 0.78% | $1.27B $1B to $10B |
| 15 | First National Bank Cloverdale, IN | 0.73% | $420.8M $100M to $1B |
| 16 | Peoples Bank Munster, IN | 0.67% | $2.01B $1B to $10B |
| 17 | Old National Bank Evansville, IN | 0.66% | $74.09B $10B to $100B |
| 18 | Grant County State Bank Swayzee, IN | 0.65% | $395.0M $100M to $1B |
| 19 | The North Salem State Bank North Salem, IN | 0.60% | $798.0M $100M to $1B |
| 20 | The New Washington State Bank New Washington, IN | 0.60% | $793.0M $100M to $1B |
| 21 | First Merchants Bank Muncie, IN | 0.53% | $21.03B $10B to $100B |
| 22 | Hoosier Heartland State Bank Crawfordsville, IN | 0.52% | $355.8M $100M to $1B |
| 23 | The Peoples State Bank Ellettsville, IN | 0.47% | $505.8M $100M to $1B |
| 24 | First Farmers Bank & Trust Co. Converse, IN | 0.36% | $3.58B $1B to $10B |
| 25 | Horizon Bank Michigan City, IN | 0.36% | $6.56B $1B to $10B |
| 26 | 1st Source Bank South Bend, IN | 0.34% | $9.34B $1B to $10B |
| 27 | Bedford Federal Savings Bank Bedford, IN | 0.32% | $306.3M $100M to $1B |
| 28 | Community First Bank of Indiana Kokomo, IN | 0.29% | $961.9M $100M to $1B |
| 29 | Owen County State Bank Spencer, IN | 0.28% | $388.0M $100M to $1B |
| 30 | The Fountain Trust Company Covington, IN | 0.27% | $848.6M $100M to $1B |
| 31 | First Bank Midwest Frankfort, IN | 0.26% | $2.59B $1B to $10B |
| 32 | German American Bank Jasper, IN | 0.26% | $8.40B $1B to $10B |
| 33 | Lake City Bank Warsaw, IN | 0.21% | $7.20B $1B to $10B |
| 34 | The Bippus State Bank Huntington, IN | 0.16% | $459.6M $100M to $1B |
| 35 | First Bank of Berne Berne, IN | 0.15% | $1.08B $1B to $10B |
| 36 | Citizens State Bank of New Castle New Castle, IN | 0.14% | $946.8M $100M to $1B |
| 37 | Greenfield Banking Company Greenfield, IN | 0.09% | $934.1M $100M to $1B |
| 38 | First Internet Bank of Indiana Fishers, IN | 0.08% | $5.86B $1B to $10B |
| 39 | The Hometown Savings Bank Terre Haute, IN | 0.07% | $445.9M $100M to $1B |
| 40 | Security Federal Savings Bank Logansport, IN | 0.04% | $496.1M $100M to $1B |
| 41 | Star Financial Bank Fort Wayne, IN | 0.00% | $3.22B $1B to $10B |
| 42 | The National Bank of Indianapolis Indianapolis, IN | 0.00% | $3.04B $1B to $10B |
| 43 | Farmers State Bank Lagrange, IN | 0.00% | $1.31B $1B to $10B |
| 44 | State Bank Brownsburg, IN | 0.00% | $986.5M $100M to $1B |
| 45 | First State Bank of Middlebury Middlebury, IN | 0.00% | $841.5M $100M to $1B |
| 46 | FCN Bank, N.A. Brookville, IN | 0.00% | $841.5M $100M to $1B |
| 47 | First Federal Savings Bank Rochester, IN | 0.00% | $700.3M $100M to $1B |
| 48 | Citizens Bank Mooresville, IN | 0.00% | $685.0M $100M to $1B |
| 49 | Springs Valley Bank & Trust Company French Lick, IN | 0.00% | $680.2M $100M to $1B |
| 50 | Freedom Bank Huntingburg, IN | 0.00% | $586.3M $100M to $1B |
| 51 | First Federal Savings Bank Evansville, IN | 0.00% | $582.2M $100M to $1B |
| 52 | Community State Bank Avilla, IN | 0.00% | $560.3M $100M to $1B |
| 53 | The Friendship State Bank Friendship, IN | 0.00% | $543.5M $100M to $1B |
| 54 | The Napoleon State Bank Napoleon, IN | 0.00% | $511.8M $100M to $1B |
| 55 | Alliance Bank Francesville, IN | 0.00% | $479.1M $100M to $1B |
| 56 | Kentland Bank Kentland, IN | 0.00% | $417.5M $100M to $1B |
| 57 | Mutual Savings Bank Franklin, IN | 0.00% | $366.0M $100M to $1B |
| 58 | Farmers and Merchants Bank Laotto, IN | 0.00% | $305.6M $100M to $1B |
| 59 | Logansport Savings Bank Logansport, IN | 0.00% | $281.0M $100M to $1B |
| 60 | Wayne Bank and Trust Co. Richmond, IN | 0.00% | $257.5M $100M to $1B |
| 61 | Hendricks County Bank and Trust Company Brownsburg, IN | 0.00% | $236.7M $100M to $1B |
| 62 | First State Bank of Porter Porter, IN | 0.00% | $158.9M $100M to $1B |
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Definition and formula
The commercial real estate (CRE) noncurrent rate on this list is the share of a bank's loans secured by nonfarm nonresidential property, such as offices, stores, warehouses and hotels, that are on nonaccrual or 90 or more days past due and still accruing. Owner-occupied and investor-owned property are both included. Multifamily and construction loans are reported on their own lines of the call report and are not.
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans
The glossary entry for Commercial Real Estate Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 62 banks headquartered in Indiana that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in nonfarm nonresidential (commercial property) loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the CRE noncurrent rate
The rate rises when tenants leave or rents fall far enough that a property's income no longer covers its loan payments, as has happened to many office buildings since 2020, and when a maturing loan cannot be refinanced at current rates. Owner-occupied loans depend more on the borrower's business than on the building, so a bank whose book is mostly owner-occupied tends to run a lower rate. A single large loan can move a small bank's rate by several points, so compare it with the dollar amounts and the trend.
Frequently asked questions
Which bank in Indiana has the highest commercial real estate noncurrent rate?
Peoples Trust and Savings Bank has the highest commercial real estate noncurrent rate of the 62 ranked banks headquartered in Indiana, at 11.83% as of September 30, 2026, according to its FFIEC call report. Crossroads Bank ranks second at 6.18%. The median is 0.26%.
What is the median CRE noncurrent rate among ranked US banks?
As of Q3 2026, CRE noncurrent rate for the middle half of the 2,776 ranked US banks ran from 0.00% to 1.05%, and the median was 0.19%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Commercial Real Estate Loans glossary entry.
How is the CRE noncurrent rate calculated?
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans. Each bank charter is ranked on its own; holding companies are not combined. See the Commercial Real Estate Loans glossary entry.
The same ranking in other states
Other Indiana rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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