First Internet Bancorp, incorporated on September 15, 2005, is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. The Bank's subsidiary, JKH Realty Services, LLC, manages real estate owned properties.
Lending Activities
The Bank's lending activities include loans to individuals, which primarily consist of residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank's total net loans amount to approximately $945.50 million.
Investment Activities
The Bank's investment securities include securities available for sale. The Bank's securities available for sale consist of the United States Government-sponsored agencies, municipal securities, mortgage-backed securities and asset-backed securities. The Bank's securities available for sale amount to approximately $215.57 million.
Sources of Funds
The Bank obtain deposits through the automated clearing house (ACH) network (direct deposits, as well as customer-directed transfers of funds from outside financial institutions), remote and mobile deposit capture, mailed checks, wire transfers, and a deposit-taking automated teller machine (ATM) network. The Bank's total deposits amount to approximately $956.05 million.
The Company competes with Ally Bank, EverBank, Bank of Internet, Quicken Loans, Loan Depot, Bank of America, Chase, Wells Fargo, Key Bank, PNC Bank, BMO Harris, Huntington National Bank, First Financial Bank, U.S. Bank, Bank of Arizona, CoBiz Bank and StanCorp.
11201 USA Pkwy
The company trades on NASDAQ exchange. The company headquarter is located in Indiana, IN. The company was established in the 1999.| Ticker | INBK |
| Long Name | First Internet Bancorp |
| Short Name | First Internet Bancorp |