First Internet Bank of Indiana


First Internet Bank of Indiana is an FDIC insured institution headquartered at 8701 E 116th St, Fishers, IN 46038.
It was founded in 1998 and has approximately $5 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - March 19, 2024

CD RATES APY MIN
3 Mo CD
4.14% $1,000 Compare
MM RATES APY MIN
Money Market
3.77% $100 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34607
Date Established 1998
Assets $ 5.16 billion
Loans $ 3.73 billion
Deposits $ 4.09 billion
Capital $ 430.45 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 521.21 million
Interest-bearing balances $ 517.61 million
Total securities $ 685.27 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.73 billion
Loan loss allowance $ 36.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles $ 14.34 million
All other assets $ 105.91 million
     Total Assets $ 4.73 billion

LIABILITIES
Total deposits $ 4.09 billion
      Interest-bearing deposits $ 3.96 billion
      Deposits held in domestic offices $ 4.09 billion
      % insured (estimated) 76.67%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 464.93 million
Subordinated debt N.A.
All other liabilities $ 11.07 millionn
      Total Liabilities $ 4.73 billion
      Shareholders’ Equity $ 430.45 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 173.17 million
Total Interest Expense $ 114.04 million
Net interest income $ 59.13 million
Provision for loan and lease losses $ 13.06 million
Total non interest income $ 18.81 million
Total non interest expense $ 57.00 million
Pre-tax Net Operating Income $ 28.65 million

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Branches

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First Internet Bank of Indiana Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    Bank
    -
    $50,000
    3 Month
    4.14%
    2.04x (National Avg. - 2.03%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.14%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,070 1,449
    2 52,070 2,156 1,509
    3 54,226 2,245 1,571
    4 56,471 2,338 1,637
    5 58,809 2,435 1,704
    6 61,243 2,535 1,775
    7 63,779 2,640 1,848
    8 66,419 2,750 1,925
    9 69,169 2,864 2,005
    10 72,032 2,982 2,088
    11 75,015 3,106 2,174
    12 78,120 3,234 2,264
    13 81,354 3,368 2,358
    14 84,722 3,508 2,455
    15 88,230 3,653 2,557
    16 91,883 3,804 2,663
    17 95,687 3,961 2,773
    18 99,648 4,125 2,888
    19 103,773 4,296 3,007
    20 108,070 4,474 3,132
    TOTAL $62,544 $43,781
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    6 Month
    5.15%
    13.01x (National Avg. - 0.40%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    5.20%
    9.42x (National Avg. - 0.55%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468