The Fountain Trust Company
Covington, Indiana, Fountain County
$845M in total assets, the 1,223rd largest of 4,309 US banks and 26th of 89 headquartered in Indiana.
- FDIC certificate
- 5768
- Established
- 1903
- Owned by
- Piper Holdings Inc
- Primary regulator
- FDIC
- Website
- http://www.fountaintrust.com
At a glance
Compared with 59 banks headquartered in Indiana with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $845M | 93% | $396M | |
| Loans | $521M | 85% | $265M | |
| Deposits | $744M | 93% | $339M | |
| Return on assets | 1.08% | 59% | 1.02% | |
| Net interest margin | 4.23% | 81% | 3.72% | |
| Efficiency ratio | 69.6% | 61% | 65.8% | |
| Equity to assets | 11.36% | 81% | 9.41% | |
| Loans to deposits | 70% | 20% | 83% |
Growth
Total assets grew 7.9% a year over the last 5 years and 11.4% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2026 | The Gifford State Bank Gifford, IL | $190M |
| Jul 2020 | State Bank of Burnettsville Burnettsville, IN | $45M |
| Jul 2017 | Fountain Trust Merger Bank Brookston, IN | $69M |
| Apr 2003 | Heritage Bank & Trust Company Darlington, IN, an affiliate under the same holding company | $14M |
Where they operate
20 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Fountain County, IN | $259M | 51.4% | 1 of 4 |
| Champaign County, IL | $138M | 1.8% | 12 of 29 |
| White County, IN | $121M | 10.9% | 3 of 6 |
| Montgomery County, IN | $86M | 9.2% | 5 of 7 |
| Tippecanoe County, IN | $68M | 1.7% | 10 of 17 |
| Parke County, IN | $35M | 13.0% | 3 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 9 branches since 2016 (11 to 20, +81.8%). 1 opened, 9 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2017 | Acquired Fountain Trust Merger BankOpened Williamsport | 4 | 0 | +4 | 15 |
| 2018 | Closed Lafayette | 0 | 1 | −1 | 14 |
| 2020 | Acquired State Bank of Burnettsville | 2 | 0 | +2 | 16 |
| 2026 through Q2 | Acquired The Gifford State Bank | 4 | 0 | +4 | 20 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 32% | 43% | |
| Commercial real estate | 19% | 21% | |
| Farmland | 18% | 9% | |
| Business (C&I) | 13% | 9% | |
| Agricultural | 12% | 4% | |
| Construction and land | 2% | 6% | |
| Multifamily | 2% | 3% | |
| Consumer | 1% | 3% | |
| Other | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 59% | 56% | |
| Time deposits | 22% | 27% | |
| Noninterest-bearing | 20% | 17% |
Brokered deposits are 0.0% of deposits (peers 2.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.63% | 0.59% |
| Net charge-offs, annualized | 0.09% | 0.01% |
| Reserves to loans | 1.49% | 1.25% |
| Leverage ratio | 9.99% | 10.22% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Fountain County, IN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/fountain