First Internet Bank of Indiana

Headquarters

8701 E 116th St
Fishers, IN 46038
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD 3.20% 3.60% →
5-Year CD 3.25% 3.75% →
30-Year Mortgage 7.81% 6.31% →
15-Year Mortgage 7.35% 5.86% →
HELOC 6.00% 2.79% →

2022 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 $4.22 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 34607
Date Established 1998
Assets $ 4.22 billion
Loans $ 2.89 billion
Deposits $ 3.26 billion
Capital $ 429.64 million
 

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 - September 27, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Money Market
1.92% $100 - Learn More
CD Rates APY MIN MAX
6-Month CD
2.43% $1,000 - Learn More
18-Month CD
3.04% $1,000 - Learn More
24-Month CD
3.20% $1,000 - Learn More
3-Year CD
3.04% $1,000 - Learn More
4-Year CD
3.14% $1,000 - Learn More
5-Year CD
3.25% $1,000 - Learn More

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 - September 27, 2022

Your Current Location: California, CA 92111

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:
San Diego,California


First Internet Bank of Indiana Locations



Climate Initiatives

First Internet Bank of Indiana is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
1.55% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2022, First Internet Bank of Indiana had $7,085,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $429,640,000 in equity and $28,251,000 in loans loss reserves. That gives it a Texas Ratio of 1.55%.

Return on Equity
First Internet Bank of Indiana U.S. Bank Average
12.09% 9.01%

First Internet Bank of Indiana has a Return on Equity of 12.09% versus the BestCashCow average of 9.01%. 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
10.18% 10.66%

First Internet Bank of Indiana has a Capitalization of 10.18% versus the BestCashCow average of 10.66. 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 March 31, 2022, First Internet Bank of Indiana had assets of $4,220,912,000, loans of $2,886,520,000, and deposits of $3,262,305,000. 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

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 520.29 million
Interest-bearing balances $ 499.32 million
Total securities $ 631.58 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.89 billion
Loan loss allowance $ 28.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 10.01 million
All other assets $ 104.58 million
     Total Assets $ 3.79 billion
LIABILITIES
Total deposits $ 3.26 billion
      Interest-bearing deposits $ 3.10 billion
      Deposits held in domestic offices $ 3.26 billion
      % insured (estimated) 63.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 514.92 million
Subordinated debt N.A.
All other liabilities $ 14.04 million
      Total Liabilities $ 3.79 billion
      Shareholders’ Equity $ 429.64 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 36.03 million
Total Interest Expense $ 8.94 million
Net interest income $ 27.09 million
Provision for loan and lease losses $ 0.79 million
Total non interest income $ 6.75 million
Total non interest expense $ 17.79 million
Pre-tax Net Operating Income $ 15.26 million

Bank Loan Profile?

The top three loan types in First Internet Bank of Indiana’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential 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 6.94
Multifamily
Mortgages
0.00
Credit Card Loans 0.02
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 6.72
Commercial Real Estate 36.35
Commercial and Industrial Loans 19.19
Farm Loans 0.00

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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