TellerScore

Headquartered in Middlebury, Indiana, First State Bank of Middlebury is a state-chartered bank with $836.2M in total assets and $651.3M in deposits as of Q2 2026. It operates 6 offices. Its charter dates back to 1910.

Based on its Q2 2026 filing, First State Bank of Middlebury scores 67/100, which we describe as moderate. That is higher than only 34% of 2,650 banks with $100 million – $1 billion. Among 88 banks headquartered in Indiana, it ranks 44th. Its strongest component is capital cushion (84/100; 13.37%), and its lowest is funding & liquidity (35/100; 99% loans-to-deposits, 38% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion84/100
Tier 1 leverage ratio: 13.37%
Loan quality48/100
Noncurrent loans ÷ total loans: 1.55%
Earnings84/100
Return on assets (annualized): 1.59%
Funding & liquidity35/100
Loans ÷ deposits and uninsured-deposit share: 99.5% · 37.8% uninsured
Problem-loan coverage81/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 9.46%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 10 points (77 → 67), mostly because the loan quality component weakened by 42 points.

TellerScore
637077Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202476
Q3 202476
Q4 202477
Q1 202576
Q2 202577
Q3 202577
Q4 202563
Q1 202666
Q2 202667
Tier 1 leverage ratio
5.00%9.18%13.37%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202412.04%
Q3 202412.17%
Q4 202412.41%
Q1 202512.58%
Q2 202512.78%
Q3 202512.89%
Q4 202513.03%
Q1 202613.18%
Q2 202613.37%
Noncurrent loans
0.11%0.91%1.70%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.11%
Q3 20240.20%
Q4 20240.13%
Q1 20250.28%
Q2 20250.29%
Q3 20250.38%
Q4 20251.70%
Q1 20261.62%
Q2 20261.55%
Return on assets
1.30%1.44%1.59%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.39%
Q3 20241.40%
Q4 20241.42%
Q1 20251.33%
Q2 20251.42%
Q3 20251.49%
Q4 20251.30%
Q1 20261.56%
Q2 20261.59%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202667$836.2M13.37%1.55%1.59%99.5%
Q1 202666$811.8M13.18%1.62%1.56%97.0%
Q4 202563$813.1M13.03%1.70%1.30%96.7%
Q3 202577$817.0M12.89%0.38%1.49%95.6%
Q2 202577$811.3M12.78%0.29%1.42%93.5%
Q1 202576$800.5M12.58%0.28%1.33%93.8%
Q4 202477$787.6M12.41%0.13%1.42%97.0%
Q3 202476$797.9M12.17%0.20%1.40%94.8%
Q2 202476$782.6M12.04%0.11%1.39%96.8%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio13.37%
78th
Total risk-based capital17.70%
80th
Problem loans1.55%
18th
Net charge-offs-0.00%
84th
Return on assets1.59%
70th
Net interest margin4.25%
68th
Efficiency ratio57.3%
66th
Loans to deposits99.5%
11th
Uninsured deposits37.8%
13th
Loan-loss reserves1.65%
86th
Texas ratio9.5%
19th

Similar-size banks in Indiana

InstitutionScoreAssetsCapitalProblem loansCompare
The Fountain Trust CompanyBank Covington, IN69 out of 100, Moderate$844.6M10.0%0.63%vs
FCN Bank, National AssociationBank Brookville, IN73 out of 100, Strong$812.5M9.9%0.02%vs
The New Washington State BankBank New Washington, IN60 out of 100, Moderate$798.1M9.3%0.83%vs
The North Salem State BankBank North Salem, IN64 out of 100, Moderate$769.6M9.0%0.67%vs
Citizens State Bank of New Castle, IndianaBank New Castle, IN70 out of 100, Strong$908.8M10.5%0.40%vs
State BankBank Brownsburg, IN71 out of 100, Strong$916.1M11.9%0.13%vs

Deposit insurance

Is my money safe at First State Bank of Middlebury?

Yes. First State Bank of Middlebury is an FDIC-insured institution (FDIC certificate #8745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 37.8% of deposits ($246.5M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 13.37%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.70% (benchmark: 10%).

Check how much of your own balance is covered

6 locations

Branches

First State Bank of Middlebury lists 6 offices in 4 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First State Bank of Middlebury reported 194 home-loan applications under HMDA (LEI 549300ZLAWM1M5QAJH43): 181 originated ($54,195,000 total), 11 denied, and 2 withdrawn or closed by the applicant. Its denial rate on decided applications was 5.7%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First State Bank of Middlebury
Type
State-chartered bank
FDIC certificate #
8745
RSSD ID
967046
Primary regulator
FDIC
Holding company
Crystal Valley Financial Corp
Established
January 1, 1910
Headquarters
111 South Main Street, Middlebury, IN 46540
Employees
110

Quick answers

First State Bank of Middlebury: common questions

Is First State Bank of Middlebury FDIC insured?

Yes. First State Bank of Middlebury is an FDIC-insured institution (FDIC certificate #8745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First State Bank of Middlebury's TellerScore?

67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First State Bank of Middlebury ever failed?

There is no failure record for FDIC certificate #8745 in the FDIC failed bank list.

How many branches does First State Bank of Middlebury have?

6 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Middlebury

InstitutionScoreAssetsCapitalProblem loansCompare
Everence Trust CompanyBank Goshen, IN94 out of 100, Very strong$16.2M96.8%0.00%vs
Chiphone Federal Credit UnionCredit union Elkhart, IN87 out of 100, Very strong$111.8M16.4%0.38%vs
Century Bank and TrustBank Coldwater, MI86 out of 100, Very strong$494.0M14.6%0.66%vs
Farmers State BankBank Lagrange, IN78 out of 100, Strong$1.3B10.8%0.02%vs
1st Source BankBank South Bend, IN75 out of 100, Strong$9.3B13.7%0.99%vs
Lake City BankBank Warsaw, IN73 out of 100, Strong$7.2B11.9%0.36%vs