SBA lender profile
First State Bank of Middlebury
First State Bank of Middlebury appears in the public SBA loan data with 18 funded 7(a) loans totaling $10.1M, an average of $563K per loan, and an estimated 220 jobs supported. Its SBA lending concentrates in Indiana and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
18
Total volume
$10.1M
Average loan size
$563K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
220
Programs
7(a)
Bank profile
via FDIC- Total assets
- $812M
- Headquarters
- Middlebury, IN
- FDIC cert
- #8745
- Status
- Active
Where First State Bank of Middlebury lends
Top states by funded SBA volume.
What First State Bank of Middlebury funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $3.3M |
| Manufacturing | 2 | $1.9M |
| Construction | 2 | $1.6M |
| Other Services | 3 | $1.5M |
| Wholesale Trade | 6 | $1.4M |
| Real Estate | 1 | $300K |
First State Bank of Middlebury SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $127K |
| 2021 | 7 | $3.8M |
| 2023 | 2 | $1.6M |
| 2024 | 4 | $1.2M |
| 2025 | 3 | $2.0M |
| 2026 | 1 | $1.4M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First State Bank of Middlebury's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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