Carroll County, Indiana, a county in the Lafayette-West Lafayette-Frankfort, IN market, holds $403M in deposits across 6 insured institutions and 7 branches. Horizon Bank is the largest deposit holder at 26.0% share. The top three institutions hold 63.6% of deposits, which places the county in the concentrated band. Deposits have grown 24.9% since 2020 while the branch count fell by 1. It produces $728M of output, ranking #1,275 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 8 in 2020 to 7 in 2025. Institutions: 6 to 6. Top-three share: 73.4% to 63.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Horizon Bank | $105M | 26.0% | +8% |
| First Financial Bank | $89M | 22.1% | +4% |
| Regions Bank | $63M | 15.5% | +16% |
| First Farmers Bank & Trust Co. | $52M | 12.9% | +185% |
| First Merchants Bank | $51M | 12.7% | +12% |
| Security Federal Savings Bank | $43M | 10.7% | +99% |
The 6 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Lafayette-West Lafayette-Frankfort market
Carroll County is one of 6 counties that make up the Lafayette-West Lafayette-Frankfort, IN market, a Combined Statistical Area (ranked #158 of 293 U.S. markets by economic output). It produces 4.7% of the market’s output and holds 6.5% of its deposits.
| Measure | Carroll County | Share of Lafayette-West Lafayette-Frankfort market |
|---|---|---|
| 2024 GDP | $728M | 4.7% |
| Deposits | $403M | 6.5% |
| Population | 20,655 | 7.2% |
View the full Lafayette-West Lafayette-Frankfort market profile →
Recruiting in Carroll County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Carroll County, on a retained basis.
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