The North Salem State Bank, Financial Information

About The North Salem State Bank

 Address:
7 North Broadway Street
North Salem, IN
Hendricks County, Indiana
 Established:
Jul 1923
 Number of domestic offices:
9
Agriculture bank
Total assets$483M
Net income$5M
Net income, quarterly$1M
Total deposits$441M
Domestic deposits$441M
Equity capital$37M
ROA1.13%
ROAQ, quarterly1.15%
ROA, pretax1.15%
ROAQ, quarterly, pretax1.51%
ROE14.32%
ROEQ, quarterly15.05%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

North Salem State Bank (NSSB) is a locally owned, community bank located in North Salem, Indiana with 5 branch locations. NSSB was founded in 1923 and is committed to providing its customers and its communities quality products and quality service through a dedicated and professional staff, while enhancing shareholder value.

NSSB began expanding its market area in 1989, with the opening of first branch location in Danville, Indiana. That remained the only branch until 1995, when the bank opened its third location in the Danville Kroger. North Salem State Bank was one of the first community banks in the area to try this type of supermarket facility. In 1996, NSSB expanded into two other areas of west central Indiana. In Greencastle, North Salem State Bank opened second supermarket facility in addition to acquiring a small banking facility from National City Bank in Waveland.

With the steady growth over the years, NSSB opened a new full-service branch in Greencastle in 2007, replacing the supermarket office that had become too small for the bank’s volume. In 2010, North Salem State Bank announced the opening of a second full-service branch in Danville, located on Old 36 just west of the Hendricks County Fairgrounds. Plans are now in the works to open a sixth location in Lebanon in 2013.

North Salem State Bank
7 N. Broadway
P.O. Box 97
North Salem, IN 46165

Telephone: (765) 676-5100
Fax: (765) 676-6042
NSSB Banking 24/7:
Free Telephone Banking 24 hours a day
1-888-TEL-NSSB or 1-888-835-6772