First State Bank of Middlebury: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Operating from Middlebury, IN, First State Bank of Middlebury serves its local market as an FDIC-insured commercial bank. The Q2 2026 balance sheet stands at $836M in assets, including $659M in loans. Returns are notably above industry norms: 1.60% ROA, 14.10% ROE, and 4.21% NIM. Capital cushions are healthy: 16.45% CET1, 13.37% Tier 1 leverage. Asset quality merits closer attention with NPLs at 1.52%. 6 branches make up the footprint.
As of June 30, 2026, First State Bank of Middlebury reported a CET1 capital ratio of 16.45%, a return on assets of 1.60%, a nonperforming-loan ratio of 1.52%, a Texas ratio of 9.62%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 111 South Main Street, Middlebury, IN 46540
- County
- Elkhart
- Metro Area
- Elkhart-Goshen, 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
- January 1, 1910
- Offices
- 6 domestic
- Employees (FTE)
- 110
- Domestic deposits
- $651.3M
- Allowance for credit losses
- $10.9M
- Net charge-offs (YTD)
- -$15K
- Average total assets
- $841.2M
- Average total loans
- $648.2M
- Average interest-bearing deposits
- $535.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8745
- Fed RSSD
- 967046
- Website
- www.Bfirst.bank →
- Parent Holding Company
- CRYSTAL VALLEY FINANCIAL CORPORATION (RSSD 1210244)
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First State Bank of Middlebury terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First State Bank of Middlebury, 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First State Bank of Middlebury rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.45% | 1.60% | 1.52% | 9.62% | 4.21% |
| Q1 2026 | 16.54% | 1.52% | 1.47% | 10.19% | 4.10% |
| Q4 2025 | 16.34% | 0.70% | 1.48% | 10.79% | 4.33% |
| Q3 2025 | 16.40% | 1.58% | 0.27% | 2.76% | 4.14% |
| Q2 2025 | 16.04% | 1.46% | 0.29% | 2.33% | 4.18% |
| Q1 2025 | 15.99% | 1.29% | 0.32% | 2.27% | 3.86% |
| Q4 2024 | 16.17% | 1.42% | 0.16% | 1.29% | 3.84% |
| Q3 2024 | 15.92% | 1.39% | 0.15% | 1.71% | 3.79% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 6 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First State Bank of Middlebury (main office) | Middlebury , IN | 46540 | $314.3M |
| Goshen Branch | Goshen , IN | 46526 | $162.1M |
| Riverwalk Branch | Elkhart , IN | 46516 | $81.6M |
| Cobblestone Crossing Branch | Elkhart , IN | 46516 | $43.5M |
| Eddy Street Office Branch | South Bend , IN | 46617 | $31.6M |
| Greencroft Branch | Goshen , IN | 46526 | $18.3M |
Regulatory record
What the public regulatory sources show for First State Bank of Middlebury, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in IN, rank 45 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 331 applications, 179 loans originated, $53.7M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First State Bank of Middlebury
What are First State Bank of Middlebury's total assets?
As of the Q2 2026 filing, First State Bank of Middlebury reported total assets of $836.2 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First State Bank of Middlebury headquartered?
First State Bank of Middlebury is headquartered in Middlebury, IN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was First State Bank of Middlebury founded?
First State Bank of Middlebury was established in 1910, per the FDIC institution directory.
Is First State Bank of Middlebury FDIC-insured?
Yes. First State Bank of Middlebury is an FDIC-insured commercial bank (FDIC Certificate #8745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank of Middlebury?
First State Bank of Middlebury's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First State Bank of Middlebury's CET1 capital ratio?
First State Bank of Middlebury reported a Common Equity Tier 1 (CET1) capital ratio of 16.45% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First State Bank of Middlebury operate?
First State Bank of Middlebury operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank of Middlebury's Texas Ratio?
First State Bank of Middlebury's Texas Ratio is 9.62% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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