2026 Rankings

Best Banks in Indiana

50 banks in Indiana ranked by our TFS Financial Health Grade. Scores based on capital adequacy, asset quality, earnings, and consumer protection data.

Rank	Institution	City	Assets	Score	Grade
1	Farmers State Bank	Lagrange	$1.3B	82.0	B-
2	1st Source Bank	South Bend	$9.1B	81.9	B-
3	The Bippus State Bank	Huntington	$428.1M	81.5	B-
4	The Garrett State Bank	Garrett	$393.8M	80.8	B-
5	Grant County State Bank	Swayzee	$388.6M	80.2	B-
6	First State Bank of Middlebury	Middlebury	$813.1M	79.5	C+
7	Lake City Bank	Warsaw	$7.0B	79.4	C+
8	Centier Bank	Whiting	$9.7B	78.7	C+
9	Freedom Bank	Huntingburg	$578.8M	78.5	C+
10	LNB Community Bank	Lynnville	$187.4M	78.3	C+
11	Springs Valley Bank & Trust Company	French Lick	$644.1M	77.2	C+
12	Scottsburg Building and Loan Association	Scottsburg	$76.5M	77.2	C+
13	First Farmers Bank & Trust Co.	Converse	$3.4B	76.8	C
14	The North Salem State Bank	North Salem	$776.3M	76.8	C
15	The Campbell & Fetter Bank	Kendallville	$354.8M	76.7	C
16	First Financial Bank, National Association	Terre Haute	$5.7B	76.5	C
17	Alliance Bank	Francesville	$462.0M	76.2	C
18	Citizens State Bank of New Castle, Indiana	New Castle	$890.5M	75.8	C
19	First Bank of Berne	Berne	$1.1B	75.5	C
20	Community State Bank	Avilla	$572.4M	75.1	C
21	CentreBank	Veedersburg	$111.5M	74.5	C
22	First Merchants Bank	Muncie	$19.0B	74.2	C
23	Citizens Bank	Mooresville	$696.3M	74.0	C
24	The Fountain Trust Company	Covington	$675.9M	74.0	C
25	The National Bank of Indianapolis	Indianapolis	$3.1B	73.8	C
26	Everence Trust Company	Goshen	$14.5M	73.5	C
27	Mutual Savings Bank	Franklin	$349.0M	73.4	C
28	Wayne Bank and Trust Co.	Richmond	$251.1M	73.3	C
29	FCN Bank, National Association	Brookville	$792.7M	73.2	C
30	Owen County State Bank	Spencer	$389.5M	72.6	C-
31	Greenfield Banking Company	Greenfield	$889.6M	72.5	C-
32	Fowler State Bank	Fowler	$203.4M	72.3	C-
33	Community First Bank of Indiana	Kokomo	$932.7M	72.1	C-
34	The Napoleon State Bank	Napoleon	$483.4M	72.0	C-
35	STAR Financial Bank	Fort Wayne	$3.2B	71.8	C-
36	Bath State Bank	Bath	$337.3M	71.3	C-
37	Farmers and Merchants Bank	Laotto	$304.6M	71.3	C-
38	German American Bank	Jasper	$8.4B	70.7	C-
39	Crossroads Bank	Wabash	$586.7M	70.5	C-
40	The Peoples Bank	Brownstown	$319.2M	70.3	C-
41	Boonville Federal Savings Bank	Boonville	$69.2M	70.2	C-
42	The Farmers and Merchants Bank	Boswell	$210.4M	70.1	C-
43	Bank of Wolcott	Wolcott	$274.6M	70.0	C-
44	The Friendship State Bank	Friendship	$554.7M	69.5	D+
45	The Riddell National Bank	Brazil	$365.9M	69.4	D+
46	State Bank	Brownsburg	$864.9M	69.4	D+
47	Hoosier Heartland State Bank	Crawfordsville	$352.5M	69.2	D+
48	First National Bank	Cloverdale	$425.7M	68.8	D+
49	Old National Bank	Evansville	$71.8B	68.7	D+
50	First Federal Savings Bank of Angola	Angola	$137.7M	68.3	D+

Rankings based on TFS Financial Health Grades, calculated from FDIC quarterly financial data. Scores reflect capital adequacy, asset quality, earnings, liquidity, growth, and consumer protection metrics.Learn about our methodology

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