Springs Valley Bank & Trust Company


Springs Valley Bank & Trust Company is an FDIC insured institution headquartered at 8482 W State Road 56, French Lick, IN 47432.
It was founded in 1902 and has approximately $1 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - April 20, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.15% $10,000 Compare
6 Mo CD
0.15% $100,000 Compare
Special: 12 Mo CD
0.65% $5,000 Compare
12 Mo CD
0.25% $10,000 Compare
12 Mo CD
0.25% $100,000 Compare
24 Mo CD
0.35% $10,000 Compare
24 Mo CD
0.35% $100,000 Compare
36 Mo CD
0.45% $10,000 Compare
36 Mo CD
0.45% $100,000 Compare
48 Mo CD
0.55% $10,000 Compare
48 Mo CD
0.55% $100,000 Compare
60 Mo CD
0.65% $10,000 Compare
60 Mo CD
0.65% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.15% $1
Int Ckg
0.15% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4419
Date Established 1902
Assets $ 613.00 million
Loans $ 477.09 million
Deposits $ 534.22 million
Capital $ 64.10 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 10.67 million
Interest-bearing balances $ 2.48 million
Total securities $ 62.31 million
Federal funds sold and reverse repurchase $ 26.71 million
Net loans and leases $ 477.09 million
Loan loss allowance $ 6.96 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles $ 2.01 million
All other assets $ 24.14 million
     Total Assets $ 548.90 million

LIABILITIES
Total deposits $ 534.22 million
      Interest-bearing deposits $ 514.33 million
      Deposits held in domestic offices $ 534.22 million
      % insured (estimated) 70.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 6.01 millionn
      Total Liabilities $ 548.90 million
      Shareholders’ Equity $ 64.10 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 29.60 million
Total Interest Expense $ 11.68 million
Net interest income $ 17.91 million
Provision for loan and lease losses $ 0.54 million
Total non interest income $ 8.45 million
Total non interest expense $ 19.37 million
Pre-tax Net Operating Income $ 3.91 million

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Springs Valley Bank & Trust Company Locations