First Internet Bank of Indiana

11201 Usa Parkway
Fishers, IN 46037

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD 1.97% 2.36% →
2-Year CD 2.17% 2.60% →
5-Year CD 2.27% 2.80% →
30-Year Mortgage 4.31% 3.31% →
15-Year Mortgage 3.85% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

First Internet Bank of Indiana is an FDIC insured institution located in Fishers, IN. It was founded in 1998 and has approximately $3.96 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 34607
Date Established 1998
Assets $3.96 billion
Loans $2.87 billion
Deposits $3.06 billion
Capital $0.31 billion
 

For a more detailed analysis of First Internet Bank of Indiana's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 14, 2019

Your Current Location: Connecticut, CT 06828

CD Rates APY MIN MAX
3-Month CD
1.51% $1,000 - Learn MoreShow Less
6-Month CD
1.81% $1,000 - Learn MoreShow Less
1-Year CD
1.97% $1,000 - Learn MoreShow Less
18-Month CD
2.07% $1,000 - Learn MoreShow Less
24-Month CD
2.17% $1,000 - Learn MoreShow Less
3-Year CD
2.22% $1,000 - Learn MoreShow Less
4-Year CD
2.24% $1,000 - Learn MoreShow Less
5-Year CD
2.27% $1,000 - Learn MoreShow Less

Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Interest Checking 0.55% $500 $10.00 Learn MoreShow Less

Loan Rates - November 14, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Internet Bank of Indiana branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Internet Bank of Indiana Locations


Financial Details

First Internet Bank of Indiana Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Internet Bank of Indiana. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Internet Bank of Indiana U.S. Bank Average
2.4% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, First Internet Bank of Indiana had $5,386,000 in non-current loans and $2,619,000 in owned real estate. To cover these potential losses it had $313,826,000 in equity and $19,976,000 in loans loss reserves. That gives it a Texas Ratio of 2.4%.

Return on Equity
First Internet Bank of Indiana U.S. Bank Average
9.53% 9.50%

First Internet Bank of Indiana has a Return on Equity of 9.53% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Internet Bank of Indiana U.S. Bank Average
7.93% 12.76%

First Internet Bank of Indiana has a Capitalization of 7.93% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Internet Bank of Indiana Balance Sheet Analysis

As of June 30, 2019, First Internet Bank of Indiana had assets of $3,956,440,000, loans of $2,874,822,000, and deposits of $3,055,633,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.35 billion
Interest-bearing balances $0.34 billion
Total securities $0.56 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.87 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.16 billion
     Total Assets $3.64 billion
LIABILITIES
Total deposits $3.06 billion
      Interest-bearing deposits $2.96 billion
      Deposits held in domestic offices $3.06 billion
      % insured (estimated) 78.08%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.51 billion
Subordinated debt $0.00 billion
All other liabilities $0.07 billion
      Total Liabilities $3.64 billion
      Shareholders’ Equity $0.31 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.07 billion
Total Interest Expense $0.04 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in First Internet Bank of Indiana’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Indiana, First Internet Bank of Indiana has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.44
Multifamily
Mortgages
0.00
Credit Card Loans 0.03
Consumer Auto Loans 0.04
Small Business Loans 6.37
Construction and Development Loans 3.69
Commercial Real Estate 39.34
Commercial and Industrial Loans 10.03
Farm Loans 0.00

Frequently Asked Questions About First Internet Bank Of Indiana

Branches and Savings

Is First Internet Bank Of Indiana FDIC insured?

Yes. It is covered under FDIC Certificate #34607.

Why does First Internet Bank Of Indiana pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Internet Bank Of Indiana CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Internet Bank Of Indiana a commercial bank?

Yes

Where are First Internet Bank Of Indiana locations?

See branch locations nearby.

Is First Internet Bank Of Indiana open on Saturdays?

Is First Internet Bank Of Indiana open on Sundays?

What time does First Internet Bank Of Indiana open?

What time does First Internet Bank Of Indiana close?

Are First Internet Bank Of Indiana ATMs Open 24/7?

Do First Internet Bank Of Indiana ATMs accept cash deposits?

Can First Internet Bank Of Indiana customers use other ATMs?

Do First Internet Bank Of Indiana branches have notaries?

Will First Internet Bank Of Indiana notarize my document?

What address for First Internet Bank Of Indiana should I put for incoming ACH transfers?

Will the First Internet Bank Of Indiana branch print checks?

Do First Internet Bank Of Indiana checks expire?

Does First Internet Bank Of Indiana require US citizenship to open account?

Can First Internet Bank Of Indiana close my account?

Does First Internet Bank Of Indiana Report to credit bureaus?

Does First Internet Bank Of Indiana Use Equifax?

What is First Internet Bank Of Indiana's ACH Routing Number?

What is First Internet Bank Of Indiana's SWIFT code?

Products

Does First Internet Bank Of Indiana offer mortgages?

Compare mortgage rates here.

Does First Internet Bank Of Indiana offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Internet Bank Of Indiana offer personal loans?

Compare personal loan rates here.

Does First Internet Bank Of Indiana offer student loans?

Will First Internet Bank Of Indiana cash a check?

Will First Internet Bank Of Indiana redeem a savings bond?

Does First Internet Bank Of Indiana cash savings bonds?

Will First Internet Bank Of Indiana cash money orders?

Can First Internet Bank Of Indiana issue a money order?

Does First Internet Bank Of Indiana do currency exchange?

Background on The Bank

Who owns First Internet Bank Of Indiana?

How long has First Internet Bank Of Indiana been around?

Can First Internet Bank Of Indiana transfer to other banks?

Does First Internet Bank Of Indiana have quick pay?

Does First Internet Bank Of Indiana accept rolled coins?

Will First Internet Bank Of Indiana accept loose change?

Where is First Internet Bank Of Indiana headquarters?

Customer Reviews for First Internet Bank of Indiana


  • April 22, 2015

    Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do not want to touch.

    Jim
    You can reach me by my work phone 765-451-0371, or at my e-mail james.r.plew@delphi.com

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