24 Hoosier Banker November 2014 FEATURE Continued on facing page. State Deposits in Indiana Financial Institutions: Jan. 1-June 30, 2014 Average Daily Balance Report 1/1/14 to 6/30/14 Pursuant to Public Law No. 19-1987 sec 12 (IC 5-13-10-4), the Treasurer of State shall publish semi-annually in two newspapers of general circulation in the State of Indiana the average daily balances of the funds maintained in each financial institution designated as an approved depository, listing separately funds in accounts subject to withdrawal on demand or by negotiable orders of withdrawal and funds evidenced by other depository accounts. The accuracy of the computation of such balances shall be verified by the State Board of Accounts in the audit of the records of the Treasurer of State. Warrant Clearing/Savings Accounts Financial Institution Average Daily Balance Fifth Third Bank.......................................................................... $334,531,789 First Financial Bank.......................................................................$35,591,279 Huntington National Bank........................................................ $325,296,365 JPMorgan Chase............................................................................ $61,941,622 BMO Harris....................................................................................$50,525,637 PNC Bank....................................................................................... $62,378,852 Wells Fargo.......................................................................................$2,000,000 Average Daily Balance Summary Report Financial Institution Average Daily Balance 1st Source Bank, South Bend.................................................. $16,600,000.00 Ameriana Bank, New Castle.......................................................6,754,143.65 Bank of Geneva.............................................................................1,000,000.00 Bank of Wolcott............................................................................... 750,000.00 Bath State Bank................................................................................ 100,000.00 Bippus State Bank, Huntington.....................................................100,000.00 Campbell & Fetter Bank, Kendallville......................................1,500,000.00 CentreBank, Veedersburg.............................................................. 200,000.00 Citizens State Bank, New Castle............................................... 3,908,000.00 Citizens State Bank, Petersburg..................................................1,600,000.00 Community Bank, Noblesville......................................................200,000.00 Community First Bank, Howard County, Kokomo................3,000,000.00 Community State Bank, Avilla................................................... 2,000,000.00 Community State Bank, Brook......................................................100,000.00 DeMotte State Bank.........................................................................400,000.00 Fairmount State Bank..................................................................... 500,000.00 Farmers & Mechanics Federal S&L, Bloomfield......................1,000,000.00 Farmers & Merchants Bank, Boswell............................................650,000.00 Farmers & Merchants Bank, LaOtto............................................. 200,000.00 Farmers Bank, Frankfort........................................................... 12,191,944.75 Fees & Refund Trends Report SNL Banker helps you target discounts to set stricter fee policies and protect margins. Focus on solutions Inconsistent fee policies chip away at your noninterest margin. IBA members: Learn how to preserve your noninterest margin and solve five other common banking challenges. Contact Julie Jones at 434.951.4419 or partners@SNL.com. › They help retain customers and build market share... ...but if they’re too big and indiscriminate, revenue can suffer. Waived fees and discounted rates are a double-edged sword:
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