Overview of Fairmount State Bank

Fairmount State Bank was established in 1902 and is among just a handful of banks in the United States that have been operating for more than a century. The bank’s main office is located in the city of Fairmount in Indiana. The bank currently has total assets of $58 million, total net loans outstanding to customers of $34 million and total customer deposits of $52 million. In addition, the FDIC estimates that 84% of the bank’s domestic deposits are insured. The entirety of the banks deposit base is located in the state of Indiana, similar to larger banks Lake City Bank, Centier Bank, State Bank of Medora, First Internet Bank of Indiana, New Washington State Bank and Star Financial Bank. As of this writing, the bank employs 13 people and has one branch.

Other Information for Fairmount State Bank

  • Fairmount State Bank Routing Number: Not Available
  • Main Office Address: 101 N. Main St., Fairmount, IN 46928
  • Website: www.fairmountstatebank.com
  • Total Number of Branches: 1
  • Total Number of International Branches: None
  • Number of Employees: 13
  • FDIC Certificate Number: 1829
  • FDIC Community Bank: Yes
  • FDIC Field Office: Indianapolis
  • Independent or Subsidiary Bank: Independent
  • Federal Reserve ID Number: 503547
  • Bank Charter Class: SM
  • Primary Regulator: FED

Fairmount State Bank Financial Metrics (as of March 2022):

  • Total Assets: $58 million (increase of 6.1% vs. prior year)
  • Net Loans: $34 million (increase of 13.5% vs. prior year)
  • Total Deposits: $52 million (increase of 8.1% vs. prior year)
  • Return on Equity: 2.4%
  • Return on Assets: 0.25%