First Savings Bank (merged into First Merchants Bank)
First Savings Bank reported total assets of $2.4 bn at Q4 2025, its last Call Report before it merged into First Merchants Bank. The CET1 capital ratio at First Savings Bank was 11.90%, and the uninsured share of First Savings Bank was 37.39%. Source: FDIC Call Reports.
Key takeaways
- Since , First Savings Bank has taken over one institution; the latest was The First National Bank of Odon on (FDIC Call Reports).
What sets First Savings Bank apart
How large is First Savings Bank?
The balance sheet of First Savings Bank at : assets $2.4 bn, deposits $1.7 bn, net loans $1.9 bn (loans equal to 113.43% of deposits). Securities make up 10.6% of total assets at First Savings Bank. Since , when First Savings Bank held $758.4 mn, its assets grew 215.7%. In the year to , deposits at First Savings Bank fell 7.4% while its total assets rose 0.3%. At , First Savings Bank employed 261 full-time equivalent staff across 16 offices, about $9.2 mn of assets per employee and $106.4 mn of deposits per office.
How much funding at First Savings Bank is uninsured?
At First Savings Bank, uninsured deposits (above the FDIC limit) made up 37.39% of domestic deposits at (+6.37 pp on a year earlier). In dollars, First Savings Bank estimated $636.6 mn of uninsured deposits.
Key facts, Q4 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.7 bn | $1.8 bn (Q4 2024) | |
| Net loans and leases | $1.9 bn | $1.9 bn (Q4 2024) | |
| Loan-to-deposit ratio | 113.43% | 103.82% (Q4 2024) | |
| Tier 1 leverage ratio | 9.55% | 9.33% (Q4 2024) | |
| Total risk-based capital ratio | 13.04% | 13.01% (Q4 2024) | |
| Net interest margin | 3.14% | 2.85% (Q4 2024) | |
| Return on assets (ROA) | 1.13% | 0.95% (Q4 2024) | |
| Efficiency ratio | 62.13% | 64.85% (Q4 2024) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $1,000 | Rose by $1,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.2 mn | Narrowed by $7.3 mn | |
| Noncurrent loans to total loans | 0.79% | 0.86% (Q4 2024) | |
| Net charge-offs to average loans | 0.04% | 0.03% (Q4 2024) |
US rank of First Savings Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Savings Bank: assets, deposits and loans
- Total assets $2.4bn
- Deposits $1.7bn
- Net loans $1.9bn
Capital and securities
The CET1 ratio of First Savings Bank stood at 11.90% in , -0.03 pp year on year. Low and high at First Savings Bank since : 9.85% () to 12.54% (). Equity capital of First Savings Bank at : $228.8 mn, or 9.6% of total assets. First Savings Bank also reported a total capital ratio of 13.04% for , and a tier 1 leverage ratio of 9.55%.
On held-to-maturity securities, First Savings Bank carried an unrealized gain of $1,000 at , equal to 0.0% of equity capital. The gain rose by $1,000 over the year. Its deepest point: $1,000 in . The available-for-sale portfolio of First Savings Bank showed an unrealized loss of $15.2 mn at ; the loss narrowed by $7.3 mn over the year.
First Savings Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.5%
First Savings Bank: unrealized securities gains and losses
- Available for sale -$15mn
- Held to maturity $1,000
Profitability and loan quality
For the year to , First Savings Bank earned a return on equity of 12.54%; return on assets: 1.13%. Net interest margin at First Savings Bank: 3.14%, +0.29 pp in a year. First Savings Bank net income: $27.1 mn, up 20.5% year on year. The efficiency ratio of First Savings Bank was 62.13%: about 62 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.79% of total loans at First Savings Bank; net charge-offs: 0.04% of average loans. Gross loans and leases at First Savings Bank: $2.0 bn at , against $1.9 bn at .
First Savings Bank: profitability
- Return on equity 13%
- Net interest margin 3.1%
- Return on assets 1.1%
Peer group of First Savings Bank
The peer group of First Savings Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of First Savings Bank (state member bank) and 0 have head offices in Indiana. Against them, First Savings Bank shows CET1 ratio 11.90% against a peer median of 12.38%, return on equity 12.54% against a peer median of 14.81% and uninsured deposit share 37.39% against a peer median of 40.17%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| American National Bank & Trust | National bank | TX | $2.4 bn | 12.54% | 8.92% | 40.76% | |
| Wayne Bank | State nonmember bank | PA | $2.4 bn | 11.04% | 13.51% | 39.58% | |
| Texas Partners Bank | State nonmember bank | TX | $2.4 bn | 11.30% | 12.45% | 57.36% | |
| First Savings Bank | State member bank | IN | $2.4 bn | 11.90% | 12.54% | 37.39% | |
| Horizon Bank, SSB | State-chartered stock savings bank | TX | $2.3 bn | 12.51% | 19.46% | 51.03% | |
| Esquire Bank | National bank | NY | $2.3 bn | 14.18% | 23.88% | 33.58% | |
| Schaumburg Bank & Trust Company | National bank | IL | $2.3 bn | 12.24% | 16.11% | 33.10% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Savings Bank, to : assets $2.4 bn to $2.4 bn, deposits $1.8 bn to $1.7 bn, equity $208.6 mn to $228.8 mn. Staff 267 to 261.
| Metric | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn |
| Total deposits | $1.8 bn | $1.7 bn | $1.9 bn | $1.8 bn | $1.8 bn | $1.7 bn | $1.7 bn | $1.7 bn |
| Bank equity capital | $208.6 mn | $211.3 mn | $219.5 mn | $220.1 mn | $205.9 mn | $208.6 mn | $218.3 mn | $228.8 mn |
| CET1 ratio | 11.24% | 11.28% | 11.38% | 11.93% | 11.29% | 11.40% | 11.52% | 11.90% |
| Return on equity (ROE) | 11.33% | 10.38% | 9.71% | 10.57% | 12.04% | 12.56% | 12.39% | 12.54% |
| Uninsured share of domestic deposits | 26.97% | 30.16% | 29.98% | 31.02% | 31.40% | 34.95% | 41.80% | 37.39% |
| Full-time equivalent employees | 267 | 270 | 264 | 267 | 262 | 262 | 261 | 261 |
| Number of offices | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Savings Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed The First National Bank of Odon (FDIC certificate 4405).
- . Merged into First Merchants Bank (FDIC certificate 4365).
Questions and identifiers
What were the total assets of First Savings Bank?
First Savings Bank reported $2.4 bn at in its Call Report.
Is First Savings Bank the same as its holding company?
No. This page covers First Savings Bank, FDIC certificate 29961; FIRST SVG FINANCIAL GROUP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Savings Bank profitable?
First Savings Bank reported net income of $27.1 mn for the year to ; annualized return on equity: 12.54%. So yes: First Savings Bank made a profit over these months.
When is data for First Savings Bank next updated?
First Savings Bank no longer files Call Reports; its data ends at .
Where can I check the figures for First Savings Bank?
In the FDIC BankFind Suite record for certificate 29961, and in the Call Reports of First Savings Bank (RSSD ID 785473) at the FFIEC Central Data Repository.