Independence Bank of Kentucky

Overview

What stands out about Independence Bank of Kentucky?

Nothing in the latest data sets Independence Bank of Kentucky apart from its size peers or the rest of the table: no unusual quarterly move, peer gap, rank change or outlier ratio. This page is kept out of search results until that changes.

How large is Independence Bank of Kentucky?

At Q2 2026 the bank held $3.8 bn of assets. Deposits were $3.0 bn and net loans and leases $2.1 bn, a loan-to-deposit ratio of 69.79%. Securities of $1.4 bn made up 37.4% of assets.

Total assets rose 102.5% between Q1 2016 and Q2 2026, from $1.9 bn.

How much of its funding is uninsured?

An estimated 41.24% of domestic deposits were above the FDIC insurance limit at Q2 2026, -0.96 pp from the previous quarter and -0.09 pp from a year earlier. That share ranks 172nd among 500 banks reporting this metric (1 = highest).

Key facts, Q2 2026

US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.

The bank uses the community bank leverage ratio framework, so it does not report risk-based capital ratios. Its tier 1 leverage ratio was 9.35% at Q2 2026, +0.80 pp from a year earlier. The median tier 1 leverage ratio of the size peers listed below was 10.09% at Q2 2026.

Held-to-maturity securities had an unrealized loss of $223.9 mn at Q2 2026, measured as fair value minus amortized cost, equal to 70.2% of bank equity capital. The loss narrowed by $14.9 mn from a year earlier. The largest unrealized loss on these securities was $287.0 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $29.8 mn at Q2 2026; the loss narrowed by $5.9 mn from a year earlier.

Return on equity was 13.76% for the year to Q2 2026, annualized, with a return on assets of 1.12% and a net interest margin of 2.59%. The margin was +0.37 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 64.08%. Net income for the year to Q2 2026 was $21.4 mn, up 62.9% on the same period a year earlier. The median return on equity of its size peers was 10.93% for the same period.

Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.12% of total loans at Q2 2026. Net charge-offs for the year to date were 0.00% of average loans, annualized.

The FDIC history records no mergers or acquisitions for Independence Bank of Kentucky since Q1 2016, and its total assets never moved more than 25% in one quarter.