The Fountain Trust Company: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
The Fountain Trust Company is a locally rooted FDIC-insured community bank based in Covington, IN. Total assets stand at $845M. Earnings are mid-range, 0.95% ROA and a 4.34% net interest margin. Regulatory capital is solid, 15.50% CET1 and 16.75% total risk-based capital ratio. Asset quality is solid, 0.63% nonperforming loans and a 4.01% Texas Ratio. Its footprint covers 20 branches concentrated in Indiana.
As of June 30, 2026, The Fountain Trust Company reported a CET1 capital ratio of 15.50%, a return on assets of 0.95%, a nonperforming-loan ratio of 0.63%, a Texas ratio of 4.01%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 615 3rd St, Covington, IN 47932
- County
- Fountain
- 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, 1903
- Offices
- 20 domestic
- Employees (FTE)
- 153
- Domestic deposits
- $744.1M
- Allowance for credit losses
- $7.8M
- Net charge-offs (YTD)
- $205K
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5768
- Fed RSSD
- 145844
- SEC CIK
- 1864267 → filed by PIPER HOLDINGS, INC.
- Website
- http://www.fountaintrust.com →
- Parent Holding Company
- PIPER HOLDINGS, INC. (RSSD 3033045)
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.
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26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
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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.
Banks merged into The Fountain Trust Company
- The Gifford State Bank, effective March 11, 2026
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 | 15.50% | 0.95% | 0.63% | 4.01% | 4.34% |
| Q1 2026 | 15.69% | 0.97% | 0.47% | 3.22% | 3.34% |
| Q4 2025 | 18.12% | 1.02% | 0.60% | 3.22% | 3.90% |
| Q3 2025 | 18.34% | 1.25% | 0.77% | 4.08% | 3.76% |
| Q2 2025 | 17.82% | 1.34% | 0.47% | 2.67% | 3.83% |
| Q1 2025 | 17.70% | 1.36% | 0.79% | 4.49% | 3.63% |
| Q4 2024 | 16.85% | 0.95% | 0.75% | 4.61% | 3.71% |
| Q3 2024 | 17.75% | 1.29% | 0.79% | 4.43% | 3.54% |
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 20 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Fountain Trust Company | Covington , IN | 47932 | $130.7M |
| The Gifford State Bank Branch | Gifford , IL | 61847 | $98.7M |
| Brookston Branch | Brookston , IN | 47923 | $68.8M |
| Attica Branch | Attica , IN | 47918 | $51.2M |
| Kingman Branch | Kingman , IN | 47952 | $40.7M |
| Rockville Branch | Rockville , IN | 47872 | $35.3M |
| Waynetown Branch | Waynetown , IN | 47990 | $33.2M |
| Lafayette Branch | Lafayette , IN | 47905 | $31.2M |
| Darlington Branch | Darlington , IN | 47940 | $30.1M |
| Monticello Branch | Monticello , IN | 47960 | $28.9M |
| Battle Ground Branch | Battle Ground , IN | 47920 | $27.3M |
| Burnettssville Branch | Burnettsville , IN | 47926 | $23.5M |
| Veedersburg Branch | Veedersburg , IN | 47987 | $22.3M |
| Crawfordsville Branch | Crawfordsville , IN | 47933 | $22.2M |
| Saint Joseph Branch | Saint Joseph , IL | 61873 | $20.8M |
| Williamsport Branch | Williamsport , IN | 47993 | $19.7M |
| Thomasboro Branch | Thomasboro , IL | 61878 | $18.6M |
| Potomac Il Branch | Potomac , IL | 61865 | $18.0M |
| Mellott Branch | Veedersburg , IN | 47987 | $13.7M |
| Ferry Street Lafayette Branch | Lafayette , IN | 47901 | $9.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 11, 2026 | Structure Change | Acquired The Gifford State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 10, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 13, 2020 | Structure Change | Acquired State Bank of Burnettsville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 15, 2017 | Structure Change | Acquired Fountain Trust Merger Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 5, 2003 | Structure Change | Acquired Heritage Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 4, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
What the public regulatory sources show for The Fountain Trust Company, 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 49 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 282 applications, 162 loans originated, $33.9M 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 The Fountain Trust Company
What are The Fountain Trust Company's total assets?
As of the Q2 2026 filing, The Fountain Trust Company reported total assets of $844.6 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is The Fountain Trust Company headquartered?
The Fountain Trust Company is headquartered in Covington, IN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was The Fountain Trust Company founded?
The Fountain Trust Company was established in 1903, per the FDIC institution directory.
Is The Fountain Trust Company FDIC-insured?
Yes. The Fountain Trust Company is an FDIC-insured commercial bank (FDIC Certificate #5768). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Fountain Trust Company?
The Fountain Trust Company'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 The Fountain Trust Company's CET1 capital ratio?
The Fountain Trust Company reported a Common Equity Tier 1 (CET1) capital ratio of 15.50% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Fountain Trust Company operate?
The Fountain Trust Company operates 20 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Fountain Trust Company's Texas Ratio?
The Fountain Trust Company's Texas Ratio is 4.01% 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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