This comparison uses public regulatory filings and TFS methodology. It evaluates financial condition—not checking rates, account fees, service quality, or which institution is universally “best.”
Bank
Middlebury, IN
Health score
86.9
Total assets
$836.2M
Bank
Covington, IN
Health score
74.7
Total assets
$844.6M
Answer first
First State Bank of Middlebury leads on financial health and capitalization and profitability; The Fountain Trust Company leads on lending quality and growth. Those category leads describe current regulatory metrics only and do not establish a universal product or service winner.
Capital and asset-quality definitions are directly comparable for this pair.
Category leaders
Financial health
First State Bank of Middlebury
Higher TFS health score
Capitalization
First State Bank of Middlebury
Higher comparable capital ratio
Profitability
First State Bank of Middlebury
Higher return on assets
Lending quality
The Fountain Trust Company
Lower problem-loan measure
Growth
The Fountain Trust Company
Higher year-over-year asset growth
Same-source detail
Winner markers appear only where the metric definitions are comparable and both values are available.
| Metric | First State Bank of Middlebury | The Fountain Trust Company |
|---|---|---|
| TFS health score | 86.9/100Leads | 74.7/100 |
| Total assets | $836.2M | $844.6M |
| Total deposits / shares | $651.3M | $744.1M |
| Tier 1 capital ratio | 13.37%Leads | 9.99% |
| Return on assets | 1.59%Leads | 1.04% |
| Return on equity | 13.78%Leads |
First State Bank of Middlebury
6 branches
The Fountain Trust Company
16 branches
Both institutions report branches in 1 state: IN.
First State Bank of Middlebury
Unavailable
The Fountain Trust Company
Unavailable
Counts use an explicitly reviewed CFPB-company-to-regulatory-ID mapping and the same complete 12-month window. Parent-company attribution can include complaints involving affiliates. Lower complaint volume is context—not proof of better service or less consumer harm.
First State Bank of Middlebury
0 in TFS registry
The Fountain Trust Company
0 in TFS registry
Institution-level actions come from TFS's exact regulatory-ID registry and are shown as factual context only. They do not affect category winners or the TFS Financial Health Grade. A zero means no action is currently published in this curated registry—not proof that none exists.
Quarterly history
| Quarter | First State Bank of Middlebury score | First State Bank of Middlebury ROA | The Fountain Trust Company score | The Fountain Trust Company ROA |
|---|---|---|---|---|
| 2024-Q3 | — | 1.40% | — | 1.17% |
| 2024-Q4 | — | 1.42% | — | 1.12% |
| 2025-Q1 | — | 1.33% | — | 1.39% |
| 2025-Q2 | — | 1.42% | — | 1.37% |
| 2025-Q3 | — | 1.49% | — | 1.34% |
| 2025-Q4 | — | 1.30% | — | 1.26% |
| 2026-Q1 | 87.7/100 |
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Coverage boundaries
Related comparisons
Financial data comes from FDIC BankFind Suite or NCUA Call Reports as labeled. TFS Health Grades are an editorial assessment, not an official government rating or financial advice. Arbitrary comparison pairs are available dynamically but remain noindex unless curated for data completeness and user value.
| 9.62% |
| Non-performing loans | 1.55% | 0.63%Leads |
| Net charge-offs | -0.00%Leads | 0.09% |
| Efficiency ratio | 57.32%Leads | 69.64% |
| Loan-to-deposit ratio | 99.49% | 69.02% |
| Asset growth (YoY) | 3.08% | 26.16%Leads |
| Deposit / share growth (YoY) | -3.08% | 23.17%Leads |
| Branches | 6 | 16 |
| Published CFPB complaints per $1B deposits (12 months)verified mappings only | — | — |
| 1.56% |
| 74.1/100 |
| 1.08% |
| 2026-Q2 | 86.9/100 | 1.59% | 74.7/100 | 1.04% |