Slide 1: CRA Public File
CRA PUBLIC FILE 8701 E. 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 2: No written public comments received
There were no written public comments received relating to the bank’s performance in helping to meet community credit needs in Q1 2026 neither during the calendar year of 2025 nor 2024. 8701 E 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 3: Public Disclosure: CRA Performance Evaluation
PUBLIC DISCLOSURE May 28, 2024 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION First Internet Bank of Indiana Certificate Number: 34607 8701 East 116th Street Fishers, Indiana 46038 Federal Deposit Insurance Corporation Division of Depositor and Consumer Protection Chicago Regional Office 300 Sout
Slide 4: Table of Contents
TABLE OF CONTENTS INSTITUTION RATING ................................................................................................................1 DESCRIPTION OF INSTITUTION ...............................................................................................1 DESCRIPTION OF ASSESSMENT
Slide 5: Institution Rating and Description of Institution
INSTITUTION RATING INSTITUTION’S CRA RATING: This institution is rated Satisfactory. An institution in this group has a satisfactory record of helping to meet the credit needs of its assessment area, including low- and moderate-income (LMI) neighborhoods, in a manner consistent with its resources an
Slide 6: Description of Institution: offices and products
office in Schaumburg, Illinois; however, the bank provides no consumer loans, deposits, or any other consumer services at that location. First Internet Bank offers a variety of loan and deposit products through online platforms and digital channels. Loan products include commercial and public financ
Slide 7: Description of Assessment Area
Examiners did not identify any financial, legal, or other impediments that would limit First Internet Bank’s ability to meet the credit needs of its assessment area. DESCRIPTION OF ASSESSMENT AREA First Internet Bank delineated nine full counties within the Indianapolis-Carmel-Anderson, Indiana Metr
Slide 8: Demographic Information of the Assessment Area
Demographic Information of the Assessment Area Low Moderate Middle Upper NA* Demographic Characteristics # % of # % of # % of # % of # % of # Geographies (Census Tracts) 461 12.6 24.7 36.0 24.7 2.0 Population by Geography 2,058,839 8.4 21.4 37.9 30.8 1.4 Housing Units by Geography 844,121 10.0 22.8
Slide 9: Unemployment Rates
slightly increased in 2023. Unemployment rates in the assessment area are generally below state levels, with the exception of Madison and Marion Counties. Additionally, assessment area unemployment rates mostly fall below the national average during the evaluation period. Unemployment Rates 2021 202
Slide 10: Deposit Market Share and Competition
customers within the assessment area. As such, First Internet Bank’s true deposit market share within the assessment area would be significantly lower than 4.6 percent. According to bank data, customers located outside of the bank’s assessment area hold approximately 75.0 percent of total deposits.
Slide 11: Scope of Evaluation
in leadership roles of local organizations (such as serving as directors). Furthermore, opportunities exist to work with entrepreneurs, as interest and need among potential entrepreneurs remains strong. SCOPE OF EVALUATION Examiners evaluated First Internet Bank’s CRA performance using the Interagen
Slide 12: Conclusions on Performance Criteria
business loans, both inside and outside the assessment area that the bank reported in 2021, 2022, and 2023. Total Home Mortgage and Small Business Lending Home Mortgage Home Mortgage Small Business Small Business Year # $(000) # $(000) 2021 2,768 880,356 541 163,177 2022 1,743 551,824 369 200,702 20
Slide 13: Test 1 and Test 2: Home Mortgage Lending in Census Tracts
Test 1 – Performance Ranges and Ratings % by # of Lending in Low- Rating Income Tracts > 4.68 Outstanding 3.12 – 4.68 Satisfactory 1.95 – 3.11 Needs to Improve < 1.95 Substantial Non-Compliance The following table details the bank’s performance by year under this test. Test 1 – Bank Performance Tota
Slide 14: Test 3 and Test 4: Home Mortgage Lending to Borrowers
This test measures the percentage of HMDA-reportable loans for purchase, improvement, and refinance by number made to low-income borrowers in the assessment area. The following table outlines the performance ranges and corresponding ratings for this test. Test 3 – Performance Ranges and Ratings % by
Slide 15: Test 5: Total Home Mortgage Lending in LMI
Test 5 – Total Home Mortgage Lending in LMI Tracts and to LMI Borrowers This test measures the total dollar volume of HMDA-reportable loans for purchase, improvement, and refinance made in LMI tracts and to LMI borrowers as a percentage of prior year total HMDA loans within the assessment area. Exam
Slide 16: Test 6 and Test 7: Small Business Lending
Test 6 – Performance Ranges and Ratings Total Small Business Lending Rating as % of Prior Year-End Assets > 1.13 Outstanding 0.75 – 1.13 Satisfactory 0.47 – 0.74 Needs to Improve < 0.47 Substantial Non-Compliance The following table details the bank’s performance by year under this test. Test 6 – Ba
Slide 17: Test 8 and Test 9: Small Business Lending
Test 8 – Small Business Lending in Low-Income Census Tracts This test measures the percentage of small business loans by dollar volume made in low-income census tracts within the assessment area. The following table outlines the performance ranges and corresponding ratings for this test. Test 8 – Pe
Slide 18: Community Development Tests
The bank met the standard for Substantial Non-Compliance in 2021 and Needs to Improve in 2022 and 2023. COMMUNITY DEVELOPMENT TESTS Test 10 – Community Development Lending and New Investments This test measures the total dollar volume of community development loans and new community development inve
Slide 19: Test 11: Community Development Investments
Test 11 – Performance Ranges and Ratings Community Development Investments (New + Existing) Rating as % of Total Deposits > 15.00 Outstanding 10.00 – 15.00 Satisfactory 6.25 – 9.99 Needs to Improve < 6.25 Substantial Non-Compliance The following table details the bank’s performance by year under thi
Slide 20: Discriminatory or Other Illegal Credit Practices Review
Test 12 – Bank Performance Total Community Full-Time Community Development Year Rating Points Earned Employees Development Service Hours Service Hours Per Employee 2021 225 438 1.95 Needs to Improve 0 2022 240 573 2.39 Satisfactory 2 2023 255 984 3.86 Outstanding 4 The bank met the standard for Need
Slide 21: Appendix: Strategic Plan Scoring Matrix
APPENDIX STRATEGIC PLAN SCORING MATRIX The following table provides a breakdown of the points the bank earned under each Strategic Plan test by year. Under each test, First Internet Bank’s Strategic Plan sets forth quantitative performance ranges that correspond to specific point values. To demonstr
Slide 22: Glossary
GLOSSARY Aggregate Lending: The number of loans originated and purchased by all reporting lenders in specified income categories as a percentage of the aggregate number of loans originated and purchased by all reporting lenders in the metropolitan area/assessment area. American Community Survey (ACS
Slide 23: Glossary: CDFIs
Community Development Financial Institutions (CDFIs): CDFIs are private intermediaries (either for profit or nonprofit) with community development as their primary mission. A CDFI facilitates the flow of lending and investment capital into distressed communities and to individuals who have been unab
Slide 24: Glossary: Distressed Geographies
Distressed Middle-Income Nonmetropolitan Geographies: A nonmetropolitan middle- income geography will be designated as distressed if it is in a county that meets one or more of the following triggers: (1) An unemployment rate of at least 1.5 times the national average; (2) A poverty rate of 20 perce
Slide 25: Glossary
Performance under applicable tests is often analyzed using only quantitative factors (e.g., geographic distribution, borrower profile, total number and dollar amount of investments, and branch distribution). Low-Income: Individual income that is less than 50 percent of the area median income, or a m
Slide 26: Glossary: Moderate-Income
Moderate-Income: Individual income that is at least 50 percent and less than 80 percent of the area median income, or a median family income that is at least 50 and less than 80 percent in the case of a geography. Multi-family: Refers to a residential structure that contains five or more units. Nonm
Slide 27: Glossary: Small Farm Loan
Small Farm Loan: A loan included in “loans to small farms” as defined in the instructions for preparation of the Consolidated Report of Condition and Income (Call Report). These loans have original amounts of $500,000 or less and are either secured by farmland, including farm residential and other i
Slide 28: Office Locations
Office Locations Corporate Headquarters and Full-Service Branch 8701 E 116th Street Fishers, IN 46038 Census Tract 1108.10 Hours of Operation Monday – Friday 8:00 a.m. – 5:00 p.m. 8701 E. 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 29: Limited Service Loan Production Office
Limited Service Loan Production Office 51 West 3rd Street Suite 315 Tempe, AZ 85281 Census Tract 3187 Hours of Operation Monday – Friday 8:00 a.m. – 5:00 p.m. 8701 E. 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 30: No branches opened or closed
There were neither any branches opened nor closed in Q1 2026 neither in calendar year 2025 nor 2024. 8701 E. 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 31: Retail Banking Products and Services
Branch Hours of Operations Monday – Friday 8:00 a.m. – 5:00 p.m. Retail Banking Products and Services Current as of 4/2026 Consumer Banking Checking Accounts • Interest Checking – Interest-bearing checking with mobile and online banking, bill pay, electronic statements, debit card access, overdraft
Slide 32: Vehicle Loans and Business Banking
Branch Hours of Operations Monday – Friday 8:00 a.m. – 5:00 p.m. • Vehicle Loans – Financing for automobiles, boats, recreational vehicles, and horse trailers. • Student Loans – Education loans offered in partnership with Sallie Mae for students and parents. Business Banking Deposit Accounts • Do Mo
Slide 33: Dealer Services, Payments and Treasury Management
Branch Hours of Operations Monday – Friday 8:00 a.m. – 5:00 p.m. • Dealer Services – Financing solutions with competitive pricing, advanced technology, and personalized support. Payments & Cards • Commercial Credit Cards – Three card programs, including a cash-back option, all with online access. •
Slide 34: Personal financial management tools
Branch Hours of Operations Monday – Friday 8:00 a.m. – 5:00 p.m. • Personal financial management tools via FinanceWorks™ • Optional export to Quicken® and Money® • Debit card and ATM access through the PLUS® Network
Slide 35: Personal Accounts Fees
First Personal Accounts INTERNET BANK Fees Common to All Accounts ‘Statements* Electronic Statements No charge Account Statements (paper) ‘$3.00 per statement Line of Credit Statements (paper) No charge Credit Card Statements (paper) No charge All Statement Copies $3.00 per copy ATM Transactions’ De
Slide 36: Business Accounts Fees
First INTERNET BANK Business Accounts Statements' Electronic Statements No charge Account Statements (paper) $3.00 per statement All Statement Copies $3.00 per copy ATI, Debit, or Credit Card Replacement No charge for first replacement card. $5.00 per additional card ‘Stop Payments — All Items $30.0
Slide 37: Facility-Based Assessment Area Map
First Internet Bank Facility-Based Assessment Area and Retail Lending Assessment Area Indianapolis-Carmel-Greenwood MSA 8701 E 116th Street | Fishers, IN 46038 | T. 888.873.3424 | F. 888.644.8678 | FirstIB.com
Slide 38: 2025 FFIEC Census Report Summary, Page 1
2025 FFIEC Census Report - Summary Census Overview Information MSA/MD: 26900 - INDIANAPOLIS-CARMEL-GREENWOOD, IN State: INDIANA County: ALL COUNTIES All Tracts: 471 State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1-
Slide 39: FFIEC Census Report, Page 2
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 40: FFIEC Census Report, Page 3
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 41: FFIEC Census Report, Page 4
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 42: FFIEC Census Report, Page 5
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 43: FFIEC Census Report, Page 6
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 44: FFIEC Census Report, Page 7
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 45: FFIEC Census Report, Page 8
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 46: FFIEC Census Report, Page 9
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 47: FFIEC Census Report, Page 10
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 48: FFIEC Census Report, Page 11
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 49: FFIEC Census Report, Page 12
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 50: FFIEC Census Report, Page 13
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 51: FFIEC Census Report, Page 14
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 52: FFIEC Census Report, Page 15
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 53: FFIEC Census Report, Page 16
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 54: FFIEC Census Report, Page 17
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 55: FFIEC Census Report, Page 18
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 56: FFIEC Census Report, Page 19
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 57: FFIEC Census Report, Page 20
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 58: FFIEC Census Report, Page 21
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 59: FFIEC Census Report, Page 22
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 60: FFIEC Census Report, Page 23
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 61: FFIEC Census Report, Page 24
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 62: FFIEC Census Report, Page 25
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 63: FFIEC Census Report, Page 26
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 64: FFIEC Census Report, Page 27
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 65: FFIEC Census Report, Page 28
State Abbr County Name Tract code Tract Income Tract Median Distressed or 2025 FFIEC 2020 Tract Tract Minority Tract Minority Owner 1- to 4- Family Level Family Underserved Est. Median Population Population % Occupied Units Income % Tract MSA/MD/non- Family Units MSA/MD Income Median Family Income I
Slide 66: CRA Disclosure Statements availability
The 2024, 2023, and 2022 CRA Disclosure Statements pertaining to First Internet Bank, its operating subsidiaries, and its other affiliates, if applicable, may be obtained on the FFIEC's website at: https://www.ffiec.gov/data/cra/disclosure-reports. 8701 E. 116th Street | Fishers, IN 46038 | T. 888.8
Slide 67: HMDA Disclosure reports
To retrieve First Internet Bank of Indiana’s HMDA Disclosure reports, go to HMDA Data Publication (cfpb.gov) and search by the institution’s name as viewed on the below screen:
Slide 68: HMDA Dataset reports
To retrieve First Internet Bank of Indiana’s HMDA Dataset reports, go to HMDA Dataset Filtering (ffiec.gov) and search by the institution’s name as viewed on the below screen: Here you can view First Internet Bank’s HMDA information in detail. The information is being provided to you as part of the
Slide 69: Community Reinvestment Act (CRA) Strategic Plan
Community Reinvestment Act (CRA) Strategic Plan January 1, 2024 to December 31, 2026
Slide 70: Table of Contents
Table of Contents Section 1: Introduction ....................................................................................................... 3 Bank Strategy and Product Offerings ............................................................................ 3 Section 2: Strategic Plan Proposal ..
Slide 71: Section 1: Introduction
Section 1: Introduction First Internet Bank of Indiana (“First Internet Bank”, the “Bank”, “we”, “us”, or “our”) is a state nonmember commercial bank established in February 1999 that maintains its headquarters in Fishers, Indiana. The Bank is a subsidiary of First Internet Bancorp, a one-bank, publ
Slide 72: Strategic Plan focus on small business lending
This Strategic Plan has a focus on small business lending and community development opportunities. The Bank remains committed to serving its Assessment Area (“AA”) through participating and maintaining relationships with community-based organizations in order to ascertain community needs and identif
Slide 73: Deposits and digital banking trends
Figure 1.1 60% 50% 40% 30% 20% 10% 0% 2012 2014 2016 2018 2020 2022 Internet Mobile Branches ATM Telephone Mail Other/ Unknown Source: American Bankers Association In another recent survey by the American Bankers Association, 84% of respondents stated that innovation and technological improvements a
Slide 74: Lending
Figure 1.2 Lending First Internet Bank offers a robust suite of loan products to meet the lending needs of consumers, small- to mid-sized businesses and other organizations on a nationwide basis. As noted above, the Bank made the decision to exit the consumer mortgage business during the first quart
Slide 75: Section 2: Strategic Plan Proposal
Single Tenant Lease Financing: Offered on a nationwide basis, the Bank’s single tenant lease financing provides acquisition financing to real estate investors introduced to the Bank through a network of mortgage bankers and national correspondents. Properties financed are generally subject to long-t
Slide 76: Section 3: Assessment Area
have contemplated the emergence of branchless banks. Furthermore, the Bank’s differentiated product lineup and nationwide footprint challenge the traditional classifications of peers. Traditional banks build their sales and service strategy based on the location of their branches. When they add a br
Slide 77: Assessment area description
x This is the Metropolitan Statistical Area for the Bank’s prior strategic plan, effective January 1, 2021 through December 31, 2023; however, this strategic plan’s MSA now includes Brown and Tipton Counties. o Due to this change, data and tables presented in this strategic plan may not align with t
Slide 78: Demographic Information of the Assessment Area
Table 3.1 Demographic Information of the Assessment Area Low Moderate Middle Upper NA Characteristics # % of # % of # % of # % of # % of # Prior Strategic Plan Geographies (2021 Census Tracts) 398 16.83% 26.38% 33.42% 22.86% 0.50% Geographies (Census Tracts) New 2024 INDY MSA 471 12.31% 24.42% 36.52
Slide 79: Median Household Income (2002-2022)
The chart below shows the trending of median household income, which includes the income of all residences, even those for single people or unrelated groups of two or more. On average, the estimated median income continues to steadily rise in the eleven-county assessment area as illustrated within F
Slide 80: Unemployment History
The unemployment rate for the eleven-county assessment area (Figure 3.2) over the previous three years (excluding 2020 due to the COVID-19 pandemic) has been at or below the national average of 3.5% as of December 2022. Figure 3.2 Unemployment History 4.00% 4.00% 3.50% 3.50% 3.00% 3.00% 2.50% 2.50%
Slide 81: Section 4: Performance Context
Section 4: Performance Context Ascertainment of Credit Needs In addition to considering the demographic and institution information highlighted earlier, First Internet Bank maintains involvement with community organizations to determine the credit needs of the assessment area. Public Participation I
Slide 82: Economic Development credit needs
Economic Development – Small business needs are more strained now than ever. Organizations assisting small businesses have to become creative in addressing the needs. Lending rates have increased with the increase of the prime rate that has caused small business lending to be less attainable for som
Slide 83: Section 5: Performance Goals and Measurement Standards
and volunteerism, to regularly obtain information and inform the community of banking services that are available at First Internet Bank. These activities are detailed below in the Service Activities section of this Plan. Credit Needs of the Assessment Area First Internet Bank has determined that, i
Slide 84: Community partnerships: ICBCC and Grameen America
x Indiana Community Business Credit Corporation (“ICBCC”). ICBCC was formed to meet the need for medium- and long-term growth financing for promising firms that could not qualify for conventional loans. ICBCC manages a pool of risk capital provided by more than 30 Indiana banks to supplement convent
Slide 85: Deposit Data and Market Share
million), small businesses with annual revenue of less than or equal to $1 million, and aggregate and Bank lending performance within low- and moderate-income tracts. As previously demonstrated, of the 285,468 businesses in the assessment area, 8.23% (23,491) are in low income tracts and 19.86% (56,
Slide 86: Small Business Aggregate Lending Data
Table 5.3 6PDOO%XVLQHVV$JJUHJDWH/HQGLQJ'DWDIRU$VVHVVPHQW$UHD5HYHQXH00 Percentage of Percentage of Loans to Businesses Loans to Businesses Aggregate Lending Aggregate Lending Small Business Small Business with Gross Annual with Gross Annual (#) to Small ($) to Small Loans Originated in Loans Origina
Slide 87: Small Business Lending in Low Income Tracts
Table 5.6 First Internet Bank - Small Business Lending Data for Assessment Area - Low Income Tracts SBA SBA Loans Loans Percentage of Percentage of Small >$1MM >$1MM Aggregate Aggregate Business with with Loans to Lending (#) Lending ($) Small & SBA *$5 *$5 Loans to Businesses to Small to Small Bu
Slide 88: Small Business Lending Tests
First Internet Bank is committed to maintaining its performance in small business lending. The Bank has created the following small business lending tests by which its CRA performance shall be measured. The section entitled “Determination of Rating”, later in this document, outlines the process by w
Slide 89: Lending Test 2: Small Business Revenues
credit is for individual small business financing. The full line of credit will be considered only under Test 1 and the individual loans originated under the program will not be included in any other lending test. Lending Test 2: Lending to Small Businesses with Revenues 0LOOLRQ The basis for Small
Slide 90: Small Business Lending Scorecard
Table 5.9 Substantial Period Ending Needs to Criteria Non- Satisfactory Outstanding 12/31/XX Improve Compliance CRA Lending Measurement - Small Business Lending Test 1: Small Business Lending Test Calendar Year < 50% of 50% - <80% 80% - <120% ш120% of Dollar volume of Small Business & 2024-2026 Targ
Slide 91: Community Development Activities
multiplied by the three-year rolling average of the AA small business aggregate lending as determined by the FDIC (which lags two years behind the goal year). The calculation above utilizes the FDIC data for 2022 AA Aggregate Small Business Loans. To determine goals, a Satisfactory Rating (4 points)
Slide 92: INHP and Habitat for Humanity partnerships
Indianapolis Neighborhood Housing Partnership (INHP) is the city’s preeminent community development catalyst for successful homeownership and sustainable neighborhoods. The mission of INHP is to increase safe, decent, affordable housing opportunities that foster healthy, viable neighborhoods through
Slide 93: Serving customers fairly
support and corporate culture. In order to serve all customers in a manner that is fair, with services that are available to substantially all consumers across the country, First Internet Bank continues to: x Offer account access 24 hours a day, 7 days a week, through its digital banking services x
Slide 94: Pitchfeast and Purposeful Design
development of entrepreneurial projects and ventures. Pitchfeast holds a semi-annual event, sponsored by First Internet Bank. During each event, 10 entrepreneurs receive the opportunity to showcase their business or startup to a group of investors and compete for a chance to receive startup capital
Slide 95: Community Development Lending and Investments
Table 5.11 First Internet Bank - Community Development Lending and Investments Deposits Percentage in AA (net Percentage of Avg CD Existing and of New CD of Avg CD CD Loans Lending New CD brokered Investments Lending and New Investments and and All Investments internal Investments to Deposits deposi
Slide 96: Tests 5 and 6 goal setting
For Test 5, the Bank’s average performance for the rolling three-year period was 8.52% as shown in Table 5.11. The goals were determined by calculating the lower thresholds for the Need to Improve and Satisfactory ratings, and the upper threshold for the Satisfactory rating, by multiplying the avera
Slide 97: Community development scorecard
purchases. Using this volume as a factor, it was determined that an additional $6 million dollars would assist to bridge the gap between the Bank’s historical performance and that of the HMDA reportable lenders operating in the AA. The goals were determined by calculating the lower thresholds for th
Slide 98: Performance targets proposed for 2024
The performance targets proposed for 2024 are below in Table 5.14: Table 5.14 Period Substantial Ending Non- Criteria 12/31/XX Compliance Need to Improve Satisfactory Outstanding Community Development Measurements - Lending and Investments Test 5: Community Calendar Development Year <4.26% 4.26% - <
Slide 99: Community Service History
Table 5.15 represents the most recent three-year history of CRA qualified community development service hours. Table 5.15 Community Service History Year Community Service Hours Number of Employees* Service Hours/Employee 2020 514 248 2.07 2021 564.5 225 2.51 2022 580 240 2.42 * The number of employe
Slide 100: Determination of Rating
Determination of Rating First Internet Bank has established specific goals in the areas of Lending and Community Development. Each category includes criteria to achieve a “Satisfactory” and an “Outstanding” rating. Each rating achieved receives a point allocation. Performance will be assessed each c
Slide 101: Performance Tracking
Performance Tracking The Bank will monitor performance quarterly throughout the year and present to the Board the year-to-date performance. The CRA performance results and overall institution rating will be presented to the Board using the chart in Table 5.18 below. Table 5.18 Substantial Non- Crite
Slide 102: Test 6: Community Development
Test 6: Community Development < 50% of 50% - <80% of 80% - <120% of ш120% of Investments (Existing Target Target Target Target + New) to % of deposit market share in AA Test 7: Community Development New < 50% of 50% - <80% of 80% - <120% of ш120% of Investments Target Target Target Target (Donations
Slide 103: Appendices
Appendices Appendix A: First Internet Bank Deposit Product List Appendix B: First Internet Bank Lending Product List Appendix C: First Internet Bank Lending Product Portfolio Distribution Appendix D: Map of Indiana Assessment Area Appendix E: Published Public Notice 35
Slide 104: Appendix A: Deposit Products
Appendix A: First Internet Bank Deposit Products Consumer Deposit Commercial Deposit Do More Business Checking (interest checking) Interest Checking Accounts Accounts Free Checking Accounts Commercial Checking Accounts Health Savings Accounts Money Market Savings Accounts Savings Accounts Regular Sa
Slide 105: Appendix B: Lending Products
Appendix B: First Internet Bank Lending Products Consumer Lending Commercial Lending Horse Trailer Loans Small Business Lending Construction and Investor Commercial Real RV Loans Estate Credit Cards Single Tenant Lease Financing Automobile Loans Public Finance Franchise Finance Lending Commercial an
Slide 106: Appendix C: Lending Portfolio Distribution
Appendix C: First Internet Bank Lending Portfolio Distribution Portfolio distributions (in dollars) from 2020 through year-end 2022 Dollars in thousands 2022 2021 2020 Commercial Loans Commercial and Industrial $ 126,108 $ 96,008 $ 75,387 Owner-occupied commercial real estate 61,836 66,732 89,785 In
Slide 107: Appendix D: Map of Indiana Assessment Area
Appendix D: Map of Indiana Facility-Based Assessment Area Map of First Internet Bank’s Indiana Assessment Area: Boone, Brown Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan, Shelby, and Tipton Counties. 39
Slide 108: Appendix E: Published Public Notice
Appendix E: Published Public Notice See Following Pages 40
Slide 109: Notice to Bidder
NOTICE TO BIDDER RFR-CST202300003 Notice is hers jiven that for tor Ribbon Pavlkon' Root Keslacement wil be recewed by the indiana State Fair Commission at 1202 East 38th Street, Indianapolis, IN. See ROS STATE AEAUIN OR tw OTERO Presid Meeting: August 7, 2023 = 10AM Administration Building Sale con