The Marshall County Board of Finance received welcome news Monday when County Treasurer Wendy Tapia presented the 2025 Interest Earned Report, showing the county generated more than $2.5 million in interest revenue last year.
Tapia's detailed report tracked monthly interest earned across the county's five banking institutions: Everwise, First Farmers, First Merchants, Lake City Bank, and Trust Indiana.
Everwise serves as the county's primary financial institution and holds the current cash management agreement. This account functions as a central collection point for county funds.
First Farmers Bank in Culver and First Merchants Bank in Bourbon were opened specifically to serve as collection points for county revenues.
Lake City Bank previously held the county's cash management agreement until approximately 2015, when the Board of Finance transitioned to TCU (now Everwise) to take advantage of higher interest rates. The Lake City account remains open because the bank continues to issue buggy plates on behalf of the Highway Department.
Trust Indiana is a local government investment pool exclusively for government entities and offers the most liquid investment option for the county's funds. Additional information is available at the Trust Indiana Local Government Investment Pool website.
The total interest earned from these financial institutions reached $2,528,846.46 for 2025, a substantial revenue stream for the county's coffers.
The Finance Board also approved clearing 32 outstanding warrants that have remained uncashed for more than two years. All of the checks were originally dated in 2023.
The uncashed warrants ranged from as little as 98 cents to as much as $1,883.31. Together, the 32 checks totaled $4,010.93 that will be cleared from the county's books.
According to the December 31, 2025, Cash on Hand Report, Marshall County ended the year with $45,315,667.93 in total cash reserves, demonstrating the county's strong financial position heading into 2026.
Vermillion County Commissioners reject data center moratorium
Pair of motorcycle crashes keep Parke County Sheriff's deputies busy
Parke Heritage Middle School awarded multi-million dollar Next Generation School Improvement Grant from IDOE
BMV urges Hoosiers to complete voter registration by October 5 deadline
Last day to ask your question for Indiana's next Secretary Of State
Winchell named to lead Indiana DNR Division of Law Enforcement
Ferguson Lumber earns dual 2026 industry honors
Rep. Baird asks state, federal officials to explore harvest fuel relief for farmers
Parke, Putnam and Vermillion counties now eligible for FEMA assistance
Several fundraisers are planned to benefit the Montezuma family and fight back against Alzheimer's
Postal Service recommends 2026 holiday mailing and shipping dates
Attorney General Todd Rokita calls on Hoosiers to claim compensation for inflated generic drug prices
Pennsylvania Attorney General's Cold Case Section, Erie investigators announce arrest of Brazil, IN man in 2002 rape, murder
Impaired driver taken to hospital then jail after crash
