First Internet Bank of Indiana: how it compares with its peers
Against 10 IN banks with half to twice its assets, First Internet Bank of Indiana's strongest measure in Q2 2026 is assets per employee ($14.7M vs. a $8.2M peer median). Its weakest relative measure is return on assets (0.32% vs. 1.61%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.32% | 1.61% | Bottom third Ahead of 10% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.53% | 3.78% | Bottom third Ahead of 10% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.11% | 50.57% | Middle third Ahead of 40% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $14.7M | $8.2M | Top third Ahead of 90% of peers |
| Loans to deposits Net loans and leases over total deposits. | 78.61% | 85.36% | Context |
What it means for lending operations
Its efficiency ratio of 56.11% is above the 50.57% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Financial Bank, National Association Terre Haute, IN · $6.17B
- United Fidelity Bank, fsb Evansville, IN · $6.49B
- Horizon Bank Michigan City, IN · $6.55B
- Lake City Bank Warsaw, IN · $7.24B
- First Farmers Bank & Trust Co. Converse, IN · $3.50B
- STAR Financial Bank Fort Wayne, IN · $3.23B
Questions about First Internet Bank of Indiana
How big is First Internet Bank of Indiana?
First Internet Bank of Indiana, established in 1998, is headquartered in Fishers, IN. It reported $5.53B in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First Internet Bank of Indiana's return on assets?
0.32% annualized in Q2 2026, against a 1.61% median for 10 IN banks with half to twice its assets, ahead of 10% of them.
What is First Internet Bank of Indiana's efficiency ratio?
56.11% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 50.57%, and lower is better.
Is First Internet Bank of Indiana growing its loans?
Net loans shrank 14.4% over the year to Q2 2026, while deposits shrank 8.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Indiana bank ranked.