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Profitability · Indiana

US Banks with Highest Return on Equity (ROE) in Indiana

Ranked among banks headquartered in Indiana. Re-ranked 1-84 within the state from the same national ranking population.

#1 Return on Equity (ROE): FIRST BANK OF BERNE — 32.52% . Return on Equity (ROE) is the rate of return banks earn on common shareholders' equity — the standard equity-investor measure of bank profitability.

Ranked: 84 banks with reported data Showing: Top 84 Source: FFIEC call reports (Q1 2026) What is this metric? See the US Banks with … glossary entry Go deeper: ROA vs. ROE for Banks: Profitability Ratios Explained
# Bank HQ US Banks with … Total Assets
1 First Bank of Berne Berne , IN 32.52% $1.08B
2 Grant County State Bank Swayzee , IN 24.97% $395.9M
3 Alliance Bank Francesville , IN 24.72% $458.7M
4 North Salem State Bank, the North Salem , IN 19.59% $775.1M
5 Freedom Bank Huntingburg , IN 19.29% $583.7M
6 Bippus State Bank, the Huntington , IN 18.91% $432.1M
7 Garrett State Bank, the Garrett , IN 18.90% $378.5M
8 Farmers and Merchants Bank Laotto , IN 18.85% $314.5M
9 Bath State Bank Bath , IN 18.46% $332.9M
10 Farmers State Bank Lagrange , IN 17.80% $1.26B
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11 First Farmers Bank & Trust CO. Converse , IN 17.07% $3.55B
12 Peoples Bank, the Brownstown , IN 17.02% $325.6M
13 National Bank of Indianapolis, the Indianapolis , IN 16.57% $3.13B
14 Hoosier Heartland State Bank Crawfordsville , IN 16.12% $351.0M
15 Springs Valley Bank & Trust Company French Lick , IN 16.06% $644.2M
16 Lnb Community Bank Lynnville , IN 15.78% $184.8M
17 Bedford Federal Savings Bank Bedford , IN 15.32% $285.5M
18 Lake City Bank Warsaw , IN 15.04% $7.08B
19 Horizon Bank Michigan City , IN 15.00% $6.54B
20 Centier Bank Merrillville , IN 14.96% $10.08B
21 Wayne Bank and Trust CO. Richmond , IN 14.96% $258.8M
22 Bank of Wolcott Wolcott , IN 14.89% $278.8M
23 Peoples State Bank, the Ellettsville , IN 14.44% $487.4M
24 Friendship State Bank, the Friendship , IN 14.43% $559.8M
25 Napoleon State Bank, the Napoleon , IN 13.92% $507.0M
26 First State Bank of Middlebury Middlebury , IN 13.56% $811.8M
27 1st Source Bank South Bend , IN 13.55% $9.11B
28 Crossroads Bank Wabash , IN 13.24% $598.0M
29 First Savings Bank Jeffersonville , IN 13.10% $2.39B
30 American Community Bank of Indiana Saint John , IN 12.83% $376.5M
31 First Harrison Bank Corydon , IN 12.82% $1.28B
32 First Financial Bank, N.A. Terre Haute , IN 12.68% $6.12B
33 Fcn Bank, N.A. Brookville , IN 12.47% $797.6M
34 Merchants Bank of Indiana Carmel , IN 12.46% $20.26B
35 Riddell National Bank, the Brazil , IN 12.39% $381.0M
36 Kentland Bank Kentland , IN 12.35% $402.2M
37 German American Bank Jasper , IN 12.35% $8.37B
38 Community State Bank Brook , IN 12.32% $155.0M
39 First Federal Savings Bank Huntington , IN 12.25% $557.5M
40 Mutual Savings Bank Franklin , IN 12.23% $349.3M
41 State Bank Brownsburg , IN 12.13% $855.7M
42 Greenfield Banking Company Greenfield , IN 12.00% $909.0M
43 Old National Bank Evansville , IN 11.96% $72.61B
44 The Farmers Bank, Frankfort, Indiana Frankfort , IN 11.65% $1.12B
45 Star Financial Bank Fort Wayne , IN 11.48% $3.19B
46 Citizens Bank Mooresville , IN 10.62% $699.7M
47 Owen County State Bank Spencer , IN 10.61% $391.6M
48 Fountain Trust Company, the Covington , IN 10.31% $854.7M
49 Demotte State Bank Demotte , IN 9.94% $606.2M
50 Logansport Savings Bank Logansport , IN 9.89% $285.5M
51 Home National Bank of Thorntown, the Thorntown , IN 9.85% $177.0M
52 First National Bank of Monterey, the Monterey , IN 9.68% $429.6M
53 Community First Bank of Indiana Kokomo , IN 9.65% $965.3M
54 New Washington State Bank, the New Washington , IN 9.53% $769.0M
55 Mid-southern Savings Bank, F.S.B. Salem , IN 9.45% $228.0M
56 Citizens State Bank of New Castle New Castle , IN 9.42% $895.6M
57 Union Savings and Loan Association Connersville , IN 9.41% $261.6M
58 First Federal Savings Bank Rochester , IN 9.29% $690.3M
59 Farmers and Merchants Bank, the Boswell , IN 9.13% $215.8M
60 Security Federal Savings Bank Logansport , IN 8.97% $452.9M
61 Jackson County Bank Seymour , IN 8.78% $1.08B
62 Community State Bank Avilla , IN 8.75% $521.0M
63 First Bank Midwest Richmond , IN 8.64% $1.51B
64 Community State Bank Royal Center , IN 8.56% $169.3M
65 Campbell & Fetter Bank Kendallville , IN 8.10% $353.4M
66 Fowler State Bank Fowler , IN 8.07% $190.5M
67 Centrebank Veedersburg , IN 7.86% $118.4M
68 Home Bank Sb Martinsville , IN 6.91% $431.7M
69 Hendricks County Bank and Trust Company Brownsburg , IN 6.77% $239.9M
70 Spencer County Bank Santa Claus , IN 5.92% $131.4M
71 First State Bank of Porter Porter , IN 5.88% $156.3M
72 Peoples Bank Munster , IN 5.27% $2.01B
73 First Merchants Bank Muncie , IN 5.14% $21.05B
74 First National Bank Cloverdale , IN 5.08% $420.2M
75 Tri-county Bank & Trust Company Roachdale , IN 4.41% $303.4M
76 First Internet Bank of Indiana Fishers , IN 4.25% $5.68B
77 First Federal Savings and Loan Association of Greensburg Greensburg , IN 3.81% $146.1M
78 First Federal Savings Bank of Angola Angola , IN 3.80% $139.8M
79 First Federal Savings Bank Evansville , IN 3.22% $579.0M
80 Hometown Savings Bank, the Terre Haute , IN 2.50% $461.9M
81 Peoples Trust and Savings Bank Boonville , IN -0.93% $248.4M
82 United Fidelity Bank, FSB Evansville , IN -2.40% $6.33B
83 Clearpoint Federal Bank & Trust Batesville , IN -3.64% $133.5M
84 Farmers and Mechanics Federal Savings Bank Bloomfield , IN -4.08% $116.0M

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All data sourced from the most recent FFIEC call report filings, refreshed each quarter as new filings are processed. This leaderboard excludes banks with total assets under $100,000K to filter out anomalous micro-bank ratios. See /data-updates/ for the current data freshness window.

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