TellerScore

Headquartered in North Salem, Indiana, The North Salem State Bank is a state-chartered bank with $769.6M in total assets and $687.9M in deposits as of Q2 2026. It operates 9 offices. Its charter dates back to 1923.

The North Salem State Bank has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 26% of its 2,650 banks with $100 million – $1 billion. Among 88 banks headquartered in Indiana, it ranks 51st. Problem-loan coverage contributes the most (89/100, 5.3%); funding & liquidity contributes the least (40/100, 90% loans-to-deposits, 43% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion40/100
Tier 1 leverage ratio: 8.98%
Loan quality78/100
Noncurrent loans ÷ total loans: 0.67%
Earnings86/100
Return on assets (annualized): 1.65%
Funding & liquidity40/100
Loans ÷ deposits and uninsured-deposit share: 89.7% · 43.0% uninsured
Problem-loan coverage89/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 5.29%

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 4 points (68 → 64), mostly because the loan quality component weakened by 20 points.

TellerScore
646769Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202467
Q3 202465
Q4 202469
Q1 202569
Q2 202568
Q3 202565
Q4 202567
Q1 202666
Q2 202664
Tier 1 leverage ratio
5.00%7.08%9.16%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.74%
Q3 20248.60%
Q4 20248.87%
Q1 20258.96%
Q2 20258.73%
Q3 20259.16%
Q4 20258.54%
Q1 20268.81%
Q2 20268.98%
Noncurrent loans
0.00%0.34%0.67%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.06%
Q3 20240.33%
Q4 20240.00%
Q1 20250.06%
Q2 20250.05%
Q3 20250.53%
Q4 20250.07%
Q1 20260.38%
Q2 20260.67%
Return on assets
1.46%1.56%1.65%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.46%
Q3 20241.50%
Q4 20241.48%
Q1 20251.64%
Q2 20251.63%
Q3 20251.64%
Q4 20251.59%
Q1 20261.62%
Q2 20261.65%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202664$769.6M8.98%0.67%1.65%89.7%
Q1 202666$775.1M8.81%0.38%1.62%88.7%
Q4 202567$776.3M8.54%0.07%1.59%88.4%
Q3 202565$726.0M9.16%0.53%1.64%91.8%
Q2 202568$703.6M8.73%0.05%1.63%92.7%
Q1 202569$677.0M8.96%0.06%1.64%93.0%
Q4 202469$654.1M8.87%0.00%1.48%92.2%
Q3 202465$645.7M8.60%0.33%1.50%90.8%
Q2 202467$650.1M8.74%0.06%1.46%88.8%

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 ratio8.98%
12th
Total risk-based capital12.85%
56th
Problem loans0.67%
38th
Net charge-offs0.00%
68th
Return on assets1.65%
73rd
Net interest margin4.29%
70th
Efficiency ratio53.4%
76th
Loans to deposits89.7%
27th
Uninsured deposits43.0%
8th
Loan-loss reserves1.65%
86th
Texas ratio5.3%
34th

Similar-size banks in Indiana

InstitutionScoreAssetsCapitalProblem loansCompare
The New Washington State BankBank New Washington, IN60 out of 100, Moderate$798.1M9.3%0.83%vs
FCN Bank, National AssociationBank Brookville, IN73 out of 100, Strong$812.5M9.9%0.02%vs
First State Bank of MiddleburyBank Middlebury, IN67 out of 100, Moderate$836.2M13.4%1.55%vs
The Fountain Trust CompanyBank Covington, IN69 out of 100, Moderate$844.6M10.0%0.63%vs
Citizens BankBank Mooresville, IN71 out of 100, Strong$690.6M9.8%0.09%vs
First Federal Savings BankBank Rochester, IN56 out of 100, Moderate$686.6M9.3%0.94%vs

Deposit insurance

Is my money safe at The North Salem State Bank?

Yes. The North Salem State Bank is an FDIC-insured institution (FDIC certificate #8063). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 43.0% of deposits ($296.1M) 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 8.98%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.85% (benchmark: 10%).

Check how much of your own balance is covered

9 locations

Branches

The North Salem State Bank lists 9 offices in 7 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, The North Salem State Bank reported 213 home-loan applications under HMDA (LEI 5493005ANYGQWRPVGU61): 200 originated ($48,380,000 total), 4 denied, and 2 withdrawn or closed by the applicant. Its denial rate on decided applications was 1.9%, 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
The North Salem State Bank
Type
State-chartered bank
FDIC certificate #
8063
RSSD ID
947749
Primary regulator
FDIC
Holding company
North Salem State Bcorp the
Established
July 14, 1923
Headquarters
7 N Broadway St, North Salem, IN 46165
Employees
112

Quick answers

The North Salem State Bank: common questions

Is The North Salem State Bank FDIC insured?

Yes. The North Salem State Bank is an FDIC-insured institution (FDIC certificate #8063). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is The North Salem State Bank's TellerScore?

64 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 The North Salem State Bank ever failed?

There is no failure record for FDIC certificate #8063 in the FDIC failed bank list.

How many branches does The North Salem State Bank have?

9 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near North Salem

InstitutionScoreAssetsCapitalProblem loansCompare
Forum Credit UnionCredit union Indianapolis, IN80 out of 100, Strong$2.3B13.3%0.31%vs
Fedex Employees Credit Association Federal Credit UnionCredit union Memphis, TN77 out of 100, Strong$641.1M14.2%1.04%vs
Indiana Members Credit UnionCredit union Indianapolis, IN74 out of 100, Strong$3.6B10.6%0.49%vs
Centra Credit UnionCredit union Columbus, IN73 out of 100, Strong$2.4B12.3%0.96%vs
Stock Yards Bank & Trust CompanyBank Louisville, KY72 out of 100, Strong$10.4B10.7%0.31%vs
State BankBank Brownsburg, IN71 out of 100, Strong$916.1M11.9%0.13%vs