First Bancorp Of Indiana

What First Bancorp Of Indiana does

First Bancorp of Indiana, Inc. (OTCMKTS:FBPI) is the holding company for First Federal Savings Bank, a community bank established in 1904 and headquartered in Evansville, Indiana. The company operates 10 branches across the Evansville metropolitan area, including locations in Evansville, Newburgh, Petersburg, and Washington, Indiana, as well as Henderson, Kentucky. It serves retail consumers and small-to-mid-size businesses with a full suite of deposit products (checking, savings, money market, CDs, IRAs, HSAs), consumer lending (mortgages, home equity, auto, consumer loans), and commercial banking services including SBA loans, business lending, and treasury management.

The bank is built on a Fiserv-powered digital banking platform with proprietary iOS and Android mobile apps supporting mobile check deposit, bill pay, Zelle P2P payments, and digital wallet integration. Additional infrastructure includes Interactive Teller Machines (ITMs) and the Bizlink Business Online Banking platform for treasury management with remote capture, positive pay, and merchant services. The bank is FDIC-insured, trades on OTC Markets, and declared a $0.07 per share quarterly dividend in March 2026 — a 16.7% increase from the prior quarter.

The revenue model is anchored in net interest income from the loan portfolio (residential mortgages, commercial, and consumer loans) net of deposit interest costs, supplemented by deposit-related transaction fees, mortgage origination fees, and treasury management/merchant service income from business banking. Distribution combines the 10-branch physical footprint with online account opening (via Fiserv Originate) and native mobile banking, targeting local customers who prefer hometown banking relationships over national competitors. Recent quarterly results (Q3 2025) showed net earnings of $437,000 with improved net interest margin and loan restructuring activity.

Name

First Bancorp Of Indiana

Legal name

First Bancorp of Indiana, Inc.

Website

https://firstfedevansville.com

Company type

Public

Founded year

1904

Operating status

Operating

Headcount range

501–1,000 employees

Short description

First Bancorp of Indiana is the holding company for First Federal Savings Bank, a community bank operating 10 branches in Indiana and Kentucky. It offers consumer and business deposit accounts, mortgages, commercial lending, and treasury management services to retail and SMB customers in the Evansville metro area.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Consumer lending
• Mortgage loans
• Business banking
• Treasury management

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loan portfolio (including residential mortgages, commercial loans, and consumer loans) less interest paid on deposits. For Q3 2025, the bank reported earnings of $437,000 with improved net interest margin compared to prior year.
2. Deposit Fee Income: Fees generated from deposit account services including overdraft fees, wire transfer fees, safe deposit box rentals, and external transfer fees
3. Mortgage Origination: Revenue from originating and closing mortgage loans for homeowners, including both purchase and refinance transactions
4. Business Banking Services: Treasury management fees, merchant services revenue, and business credit card income from commercial banking customers

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

First Bancorp Of Indiana is the holding company for First Federal Savings Bank, a community bank that has served Indiana and Kentucky since 1904. The bank offers consumer and business deposit accounts, consumer and commercial lending (including residential mortgages, SBA loans, and commercial real estate loans), treasury management services, and online and mobile banking through 10 branches in the Evansville metropolitan area.

Product overview

First Federal Savings Bank operates as a traditional community bank offering a unified portfolio of deposit and lending products. The core offerings include consumer accounts (checking, savings, CDs, HSAs, IRAs, money market accounts) and consumer lending (mortgages, home equity, auto loans, personal loans). Business banking services encompass business accounts, business lending, SBA loans, and treasury management. Digital banking is provided through an integrated online and mobile banking platform supporting features like mobile check deposit, BillPay, Zelle payments, and digital wallets. Additional specialized services include Interactive Teller Machines (ITMs) and a High Yield Money Market Account. The bank serves customers through 10 branch locations across Evansville, Washington, Petersburg, Newburgh, and Henderson.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Checking & Savings Accounts

Quantifiable outcome

• 16.7% dividend increase in Q1 2026 compared to preceding quarter
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Stock Yards Bancorp: Louisville, Kentucky-based community bank holding company. Operates a similar commercial/community banking model with consumer and business banking across Kentucky and Indiana, including proximity to First Bancorp's Henderson, KY branch.
• Horizon Bancorp: Indiana-headquartered community bank holding company (Michigan City, IN) with branches across Indiana and Michigan. Comparable size and community banking model, with similar consumer/SMB deposit and lending focus.
• ACNB Corporation: Pennsylvania-based community bank holding company of similar scale, operating ACNB Bank with community-focused consumer and commercial banking products comparable to First Federal Savings Bank's offering.
• Croghan Bancshares: Fremont, Ohio-based small community bank holding company of similar scale, operating a community banking model with consumer deposits, mortgage, and commercial lending — closely comparable in size, structure, and market approach.
• LCNB Corp. Ohio-based community bank holding company of similar size to First Bancorp, operating LCNB National Bank with a comparable mix of community-focused consumer deposits, mortgage, and commercial lending.
• German American Bancorp: Jasper, Indiana-based community bank holding company with branches across southern and central Indiana, including the Evansville market. Most directly comparable peer given overlapping Indiana footprint, similar community banking model, and comparable small/mid-cap scale.
• Finward Bancorp: Munster, Indiana-based community bank holding company (formerly NorthWest Indiana Bancorp), operating a similar community banking model with consumer and commercial lending in the Indiana market.
• SB Financial Group: Ohio-based community bank holding company of comparable size, offering consumer and commercial banking products in the Midwest. Closely matched in scale, business model, and product mix.

Broad incumbents

• Old National Bancorp: Headquartered in Evansville, Indiana — the same metro as First Bancorp — but materially larger with branches across the Midwest. Operates the same community/commercial banking model in the same geography, making it the dominant local competitor.
• First Financial Bancorp: Cincinnati, Ohio-based regional bank holding company that is materially larger than First Bancorp but operates a comparable community/commercial banking model across Ohio, Indiana, and Kentucky, including geographies adjacent to First Bancorp's footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/FirstFedEville
• Facebookfacebook.com/First-Federal-Saving
• LinkedInlinkedin.com/company/first-federal-savings-bank_3

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Bancorp Of Indiana