first bank of berne

First Bank of Berne is one of the most outstanding banks that offer superior financial services. Undoubtedly, this financial institution is different from other institutions.

Their dedication is driving them to the road of success. Customer happiness and quality service is the last goal of their activities.

All the team members are encouraged to give their full attention to making the financial product and service much better.

Now, as a client, you can easily get service for both personal and business needs. From savings to checking, every type of product is available that also adds extra value to their service.

So, why are you waiting? Let’s explore the whole new world of financial service of First Bank of Berne.

What Is the First Bank of Berne?
What Is the First Bank of Berne?

What Is the First Bank of Berne?

In 1891, another community bank announced its presence. At first, they started their financial journey focusing on the small community of Berne, Indiana.

Later, the situation demanded to make the service as well as the activity better than before. Now, this is the 20th largest bank in the state of Indiana and it’s headquartered in Berne.

If you compare the size of the bank based on the nation, then this one will be the 923rd largest one. Because of the service, it got an “A” health rating.

Now they have a total of $668 million in assets and deposits of $533 million. This bank allows its customers to access every service.

In their product line, they’ve included savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage options, credit cards, and many more.

Picture: Get Your Service Online
Picture: Get Your Service Online

What You Should Know About First Bank of Berne?

This bank is known for providing the best banking service. Still, a client should know some key information about it. We’ve mentioned some information that you might be looking for. Have a quick look at them.

ParticularsRemarks
Websitehttp://firstbankofberne.com
IndustriesBanking, Agriculture, Financial Services
Company size51 – 200 employees
HeadquartersBerne, Indiana
FoundedJan 1, 1891
Operating StatusActive
Company TypeFor-Profit
FDIC Certificate9288
Primary RegulatorFED
Return on Assets – YTD1.96%
Return on Equity – YTD22.04%
Annual Interest Income$32.3MM

How Much Do You Know About The Financial Health of This Bank?

You can easily identify the financial health of a community bank like this one. For that, a few financial parameters like assets, loans, deposits, loan loss allowances, unbacked noncurrent loans, real estate owned, etc. will help you.

ParticularsQ4 2021Q4 2020
Assets$1.08B$905.6MM
Loans$642.1MM$590.8MM
Deposits$939.9MM$770.6MM
Loan Loss Allowance$8.8MM$8.4MM
Unbacked Noncurrent Loans$3.3MM$3.4MM
Real Estate Owned$0$0
Picture: Get next-generation banking experience
Picture: Get next-generation banking experience

What Types of Product We Can Avail From This Bank?

Now, come to the main point and that is knowing about all the product types that First Bank of Berne is offering.

It’s true, this bank is making its product and service list bigger. Only for that reason, it has become so easy to fit our financial needs with all these products. Let’s check them all from below.

Personal Banking:

Checking:

  • Free Checking
  • Free Checking with Interest
  • Classic Checking
  • High-Performance Checking)

Savings:

  • Regular Statement Savings
  • Money Market Savings
  • Gold Money Market Savings
  • Health Savings Account)

Convenience Banking:

  • Mobile Banking
  • Online Banking & Bill Pay
  • PopMoney
  • Check Card
  • Card Guard
  • E-Statements
  • Telephone Banking
  • Visa Gift Cards
  • Mobile Wallet
  • Alerts

Personal Loans:

  • Auto Loan
  • Boat, RV, Motorcycle Loan
  • Secured Loan
  • Unsecured Loan

Home Loans:

  • Online Mortgage Center
  • Fixed-Rate Loans
  • Adjustable-Rate Loans
  • Home Equity
  • Construction Loans
  • 100% Financing
  • Home Possible

Others:

  • CD & IRA
  • Wealth Management
  • Credit Card

Agribusiness:

Agribusiness Bankers:

Loans & Lines:

  • Equipment Loans
  • Operating Loans
  • Land & Facilities
  • FSA Guarantee
  • Beginning Farmer

Farm Financial Consulting

Crop Insurance

Business Banking:

Convenience Banking:

  • Mobile Banking
  • Online Banking & Bill Pay
  • Check Card
  • E-Statements
  • Telephone Banking
  • Visa Gift Cards
  • Alerts

Cash Management:

  • Payables Receivables
  • Payroll Direct Deposit
  • Remote Deposit Capture
  • Positive Pay

Loans & Lines:

  • Commercial Real estate
  • Cooperating Loans
  • Equipment Loans

Savings

  • Regular Statement Savings
  • Money Market Savings
  • Gold Money Market Savings
  • Health Savings Account
  • CD

Business Checking

Business Bankers

Wealth Management

Are They Offering Better Rates?

It’s true, this bank has a wide range of products but not all types of products are for you. Before choosing the right product, checking the current terms, rate, and APY is important. You can check all of them from the table below.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Account0.01% APY$1
Checking Account0.01% APY$1
Certificates of Deposit12 Months: 0.10% APY24 Months: 0.20% APY36 Months: 0.30% APY48 Months: 0.50% APY60 Months: 0.70% APY$1000 for all terms
Money Market Accounts0.01% APY0.01% APY$10000$15000

What About the charges?

Only a few community banks follow a low-charge method to keep their customers happy. First Bank of Berne is one of these. It imposes extremely low charges for its services and products.

After a comparison with the national average, we found this fact. They don’t have any monthly fees for their checking account. For the people who want a simple account for better money management, then it will be an excellent option.

On the other hand, they don’t promise to refund the money if anyone uses an out-of-network ATM. To avoid such types of fees, people need to find a First Bank of Berne ATM.

ParticularsNational Average
Monthly Fee ($0)$3.21
Non-network ATM Fee (N/A)$1.20
Overdraft Fee (N/A)$35.00
Picture: Use a mobile app for easy access
Picture: Use a mobile app for easy access

Conclusion:

At the end of the day, First Bank of Berne is here for you to create superior value. Their existing product undoubtedly best compares other community banks and they are still adding new products and services.

With their highly professional and responsive team, every customer can get flexible customer service. This financial institution is a place of honesty and respect.

Everything under this shade is only for the customer. They might look to the future, but they still believe in the present situation and try their best to make the present situation better and more beautiful. You can be part of their financial journey.

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