# GARRETT STATE BANK
GARRETT, IN · FDIC certificate 8074 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $399.7M | |
| Deposits | $339.4M | |
| Loans and leases | $292.0M | |
| Total equity | $40.0M | |
| Loans / deposits | 85.17% (p59 of band) | 82.04% |
| Liquid assets / assets | 26.13% (p54 of band) | |
| Uninsured deposits / deposits | 44.25% (p92 of band) | 25.97% |
| Brokered deposits | 3.75% | |
| Wholesale funding | 8.30% (p72 of band) | |
| FHLB advances / assets | 4.55% | |
| Tier 1 leverage | 10.47% (p44 of band) | 10.81% |
| Unrealized securities loss / equity | -1.67% (p82 of band) | -8.10% |
| AOCI / equity | -1.01% (p22 of band) | |
| ROA (annualized) | 1.93% (p84 of band) | 1.28% |
| Net interest margin | 3.39% (p23 of band) | 3.91% |
| Efficiency ratio | 43.57% (p8 of band) | |
| Noncurrent loans | 0.85% (p68 of band) | 0.43% |
| Net charge-offs (annualized) | 0.02% (p63 of band) | |
| Reserve coverage of noncurrent | 116.67% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 51.42% (p57 of band) | |
| Auto loans | $3.5M (1.20% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 5.3% | |
| Employees | 37 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 0 |  | reserve under noncurrent, capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 2 | wholesale funding >15%, charge-offs p90 |  |
| 2015-06 | 1 |  | charge-offs p90 |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | wholesale funding >15% |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | reserve under noncurrent |
| 2019-06 | 1 | capital falling |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | capital falling |  |
| 2025-12 | 0 |  | capital falling |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-02-14 [Garrett State Bank announces personnel moves - kpcnews.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQV3NPZGhndHFjTG01RThFS2xSa3ZqRGNkcXd4b2NoSVl0YVU4QnN4X2RRTVNSRDlndXJTbDVzYzIzUUljc3BvMkN2Q0c5bENGeDZ6VXBXSlRYOVpiLXdSN2RHN3dVTkZwNUl6c1ZYZ3FuWDRkWXVZcEktOUpQLW4tdnh4eV83VV9Q?oc=5) · kpcnews.com
- 2018-09-19 [Garrett State Bank celebrating 125 years - kpcnews.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE9MbGRVbGY1NF9GWGxSU1J2aXo2TlhzLWwyU1FHQUVOOUxKaEk5WW9saDdIQnQ0WlU1cWxJOTItcGRkZ0hjcXIzQ2d0UnVLWExQNXJUM0l4VUdBNlllemE5aTNDM1gtdXBoRHFmU1NaTWRJTXhCTzRleThFV2xrQQ?oc=5) · kpcnews.com
- 2025-05-16 [Doris Howard Obituary (2025) - Garrett, IN - KPCNews - legacy.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQU2pCemRCVFJrSTRfZnozWENTRUFSMkNwQkcyMTAzQmhHalVLR1gtOUlGT0lfb2JJb3NyUU1hSGttS0Z5OVRzMWhsQ19lRzBqLThrbnU5bDVWcjN2ZkJ5WVA2VUJpcGEtZ0tLR2ZoRGpJVk14TUUwb2RKRGdUWWR2SU93Q2I0dHowVnJr?oc=5) · legacy.com
- 2017-11-02 [Elizabeth Schlotterer Obituary - Mesa, AZ - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxQV0lmMVBjTXhrQml5Zk5IeEVuWFRsbVlZT09tN0kwTUJpSUlvN1p2emIxekhJYlRzLWZOVm1ZOVh2NGdhX010ZGY1SmJZRHlxTzNvV0VvVkdJRGVtbmFXZ2hCY0Ruem9uYzhLNmh0Ym13a2dUbElYUEl3N3cyNzNENDZhdEJOWFE?oc=5) · Dignity Memorial
- 2023-01-03 [Sprunger retires from Garrett State Bank - kpcnews.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQdlBYN3ZiZHZkWHpwdmNkYnpCdENlS1VFNmVzcHpLaVlfdHNub0loQlRZZ0F3VjVYcTBlN1AyR0xaU09wVzI4Wm1HTVMtMXlTLXBQRy1KVlY1dThRLTVvVFlKaF9VQXd2dm1zRTZoRUZIY0ktZTNGRldaSlBQQ2s3eGs1WEZneFo3MU91RWJGQnhHZw?oc=5) · kpcnews.com
- 2019-02-12 [Donald Smith Obituary (2019) - Garrett, IN - KPCNews - legacy.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPZk1KRlRseFRkR2dfeVZqcW8xZndjRGRyRnBNUms5U3ZMZzVWdW1vd29BdjJpWUNGZVFOUUVmZDhoMEt1TlltNnUxZndyWGdyUjU0VTEwcmFHVUpRRnZhdkRHSEpNNWoweDJMMW10cmdGZUZNenRaN01UU3hqNnJjSUl6MXBiNUI5MldJ?oc=5) · legacy.com
- 2018-01-29 [Yarian named board of Garrett State Bank - kpcnews.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPVHJxTzBnbFRmckV0eUxsNlBVaDJiRHVzNmdtMzV3MEI1OTBLZFNLVzZrTERya1BPbGt6Q3RJV2ZKMGNyZ0VxRnRQc1l2QWZTY2JVbTBxUzZMVWIxMFR3MHV6dnp5VDRwaHJPNkVpbFRFLUhvNkRzYXE4OTZncEo4YUJ5Mm9kS1pLZ1ljYzBoV1RvVFVRRXhVYURmTFhsc3EzLUE?oc=5) · kpcnews.com
- 2021-10-01 [Jacob Clifford Obituary (1983 - 2020) - Auburn, IN - KPCNews - legacy.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxOS2RuclRaSkJ0U0ZxUzBqaUtyZ05PSGpYaWoxNHV3Ym84cThaWGNRQjB5TVpDa0lxMU82OUlzeHdMdWRWLWVSaklWVGExcVVsYk52QjJqM25FYzd6ck5TNnR3QUZvbjQ5NVJfX2U1eXNCbUxOcnVsRW1NZFZZTjg0MG5EMWR2cVI3bkxUUw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8074 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/10.json (key "8074", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide