First Internet Bank of Indiana

What sets First Internet Bank of Indiana apart

• Few banks of $1 bn to $10 bn report a higher net charge-offs to average loans than First Internet Bank of Indiana, at 1.70% in Q2 2026 against a group median of 0.06%.
• First Internet Bank of Indiana reports one of the lowest return on equity (ROE) readings among banks of $1 bn to $10 bn: 4.12% at Q2 2026, where the median of the 339 banks is 12.68%.
• Over the year to Q2 2026, the total assets of First Internet Bank of Indiana fell by 8.6% to $5.5 bn, a bigger fall than at 99% of covered banks.

How large is First Internet Bank of Indiana?

The balance sheet of First Internet Bank of Indiana at Q2 2026: assets $5.5 bn, deposits $4.8 bn, net loans $3.8 bn (loans equal to 78.61% of deposits). Securities make up 19.1% of total assets at First Internet Bank of Indiana. Since Q1 2016, when First Internet Bank of Indiana held $1.5 bn, its assets grew 262.4%. In the year to Q2 2026, deposits at First Internet Bank of Indiana fell 8.9% while its total assets fell 8.6%. At Q2 2026, First Internet Bank of Indiana employed 377 full-time equivalent staff across 2 offices, about $14.7 mn of assets per employee and $2.4 bn of deposits per office.

How much funding at First Internet Bank of Indiana is uninsured?

At First Internet Bank of Indiana, uninsured deposits (above the FDIC limit) made up 36.90% of domestic deposits at Q2 2026 (+9.42 pp on a year earlier); First Internet Bank of Indiana ranks 231st of 500 on this measure. In dollars, First Internet Bank of Indiana estimated $1.8 bn of uninsured deposits.

Key facts, Q2 2026

US rank of First Internet Bank of Indiana: 1 = highest unless marked 1 = lowest.

The CET1 ratio of First Internet Bank of Indiana stood at 10.84% in Q2 2026, +0.28 pp year on year. Low and high at First Internet Bank of Indiana since Q1 2016: 9.80% (Q1 2016) to 15.03% (Q1 2022). Equity capital of First Internet Bank of Indiana at Q2 2026: $435.0 mn, or 7.9% of total assets. First Internet Bank of Indiana also reported a total capital ratio of 12.09% for Q2 2026, and a tier 1 leverage ratio of 7.57%.

On held-to-maturity securities, First Internet Bank of Indiana carried an unrealized loss of $14.2 mn at Q2 2026, equal to 3.3% of equity capital. The loss narrowed by $3.0 mn over the year. Its deepest point: $30.6 mn in Q3 2023. The available-for-sale portfolio of First Internet Bank of Indiana showed an unrealized loss of $25.2 mn at Q2 2026; the loss narrowed by $6.6 mn over the year.

For the year to Q2 2026, First Internet Bank of Indiana earned a return on equity of 4.12%; return on assets: 0.32%. Net interest margin at First Internet Bank of Indiana: 2.53%, +0.53 pp in a year. First Internet Bank of Indiana net income: $8.9 mn, up 121.9% year on year. The efficiency ratio of First Internet Bank of Indiana was 56.11%: about 56 cents cost per revenue dollar, against 67 cents at the median peer.

At Q2 2026, noncurrent loans were 1.56% of total loans at First Internet Bank of Indiana; net charge-offs: 1.70% of average loans. Gross loans and leases at First Internet Bank of Indiana: $3.9 bn, down 14.1% in a year.

The peer group of First Internet Bank of Indiana is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of First Internet Bank of Indiana (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Indiana. Against them, First Internet Bank of Indiana shows CET1 ratio 10.84% against a peer median of 13.32%, return on equity 4.12% against a peer median of 9.98% and uninsured deposit share 36.90% against a peer median of 33.69%.

No merger or acquisition by First Internet Bank of Indiana appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.