Independence Bank of Kentucky
Independence Bank of Kentucky reported total assets of $3.8 bn at Q2 2026, up 0.1% on a year earlier, the 343rd largest of 497 banks in our US coverage. Independence Bank of Kentucky uses the community bank leverage ratio framework, with a leverage ratio of 9.35%. Independence Bank of Kentucky held deposits of $3.0 bn. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Independence Bank of Kentucky climbed from 335th to 175th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Independence Bank of Kentucky reports one of the lowest net interest margin readings among banks of $1 bn to $10 bn: 2.59% at , where the median of the 339 banks is 3.66% (FDIC Call Reports).
- The noncurrent loans to total loans of Independence Bank of Kentucky, 0.12% at , places Independence Bank of Kentucky in the bottom tenth of banks of $1 bn to $10 bn (group median 0.58%; FDIC Call Reports).
What sets Independence Bank of Kentucky apart
- Over the year to , the total deposits of Independence Bank of Kentucky fell by 4.4% to $3.0 bn, a bigger fall than at 96% of covered banks.
How large is Independence Bank of Kentucky?
The balance sheet of Independence Bank of Kentucky at : assets $3.8 bn, deposits $3.0 bn, net loans $2.1 bn (loans equal to 69.79% of deposits). Securities make up 37.4% of total assets at Independence Bank of Kentucky. Since , when Independence Bank of Kentucky held $1.9 bn, its assets grew 102.5%. In the year to , deposits at Independence Bank of Kentucky fell 4.4% while its total assets rose 0.1%. At , Independence Bank of Kentucky employed 412 full-time equivalent staff across 26 offices, about $9.3 mn of assets per employee and $116.0 mn of deposits per office.
How much funding at Independence Bank of Kentucky is uninsured?
At Independence Bank of Kentucky, uninsured deposits (above the FDIC limit) made up 41.24% of domestic deposits at (-0.09 pp on a year earlier); Independence Bank of Kentucky ranks 172nd of 500 on this measure. In dollars, Independence Bank of Kentucky estimated $1.2 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.0 bn | -4.4% | 356th of 499 |
| Net loans and leases | $2.1 bn | +1.0% | 422nd of 500 |
| Loan-to-deposit ratio | 69.79% | +3.73 pp | 422nd of 500 |
| Net interest margin | 2.59% | +0.37 pp | 454th of 500 |
| Return on assets (ROA) | 1.12% | +0.43 pp | 336th of 500 |
| Efficiency ratio | 64.08% | -8.69 pp | 385th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $223.9 mn | Narrowed by $14.9 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $29.8 mn | Narrowed by $5.9 mn | |
| Noncurrent loans to total loans | 0.12% | -0.01 pp | 40th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | -0.01 pp | 63rd of 500 (1 = lowest) |
US rank of Independence Bank of Kentucky: 1 = highest unless marked 1 = lowest.
Balance sheet
Independence Bank of Kentucky: assets, deposits and loans
- Total assets $3.8bn
- Deposits $3.0bn
- Net loans $2.1bn
Capital and securities
Independence Bank of Kentucky uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 9.35% in . Equity capital of Independence Bank of Kentucky at : $318.8 mn, or 8.3% of total assets.
On held-to-maturity securities, Independence Bank of Kentucky carried an unrealized loss of $223.9 mn at , equal to 70.2% of equity capital. The loss narrowed by $14.9 mn over the year. Its deepest point: $287.0 mn in . The available-for-sale portfolio of Independence Bank of Kentucky showed an unrealized loss of $29.8 mn at ; the loss narrowed by $5.9 mn over the year.
Independence Bank of Kentucky: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.4%
Independence Bank of Kentucky: unrealized securities gains and losses
- Available for sale -$30mn
- Held to maturity -$224mn
Profitability and loan quality
For the year to , Independence Bank of Kentucky earned a return on equity of 13.76%; return on assets: 1.12%. Net interest margin at Independence Bank of Kentucky: 2.59%, +0.37 pp in a year. Independence Bank of Kentucky net income: $21.4 mn, up 62.9% year on year. The efficiency ratio of Independence Bank of Kentucky was 64.08%: about 64 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.12% of total loans at Independence Bank of Kentucky; net charge-offs: 0.00% of average loans. Gross loans and leases at Independence Bank of Kentucky: $2.1 bn, up 1.1% in a year.
Independence Bank of Kentucky: profitability
- Return on equity 14%
- Net interest margin 2.6%
- Return on assets 1.1%
Peer group of Independence Bank of Kentucky
The peer group of Independence Bank of Kentucky is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Independence Bank of Kentucky (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Kentucky. Against them, Independence Bank of Kentucky shows return on equity 13.76% against a peer median of 10.93% and uninsured deposit share 41.24% against a peer median of 38.33%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of Marin | State nonmember bank | CA | $3.9 bn | 13.69% | 9.66% | 36.84% | |
| Investar Bank | National bank | LA | $3.9 bn | 13.51% | 11.66% | 34.14% | |
| Capital Bank | National bank | MD | $3.8 bn | 11.34% | 13.52% | 45.13% | |
| Independence Bank of Kentucky | State member bank | KY | $3.8 bn | not reported | 13.76% | 41.24% | |
| Bank of Utah | State nonmember bank | UT | $3.8 bn | 16.36% | 10.55% | 46.42% | |
| Bank of the Sierra | State nonmember bank | CA | $3.7 bn | not reported | 11.30% | 27.86% | |
| ENCORE BANK | State member bank | AR | $3.7 bn | 11.83% | 4.49% | 39.81% | |
. FDIC Call Reports.
Last eight quarters
Two years at Independence Bank of Kentucky, to : assets +2.6%, deposits +0.8%, equity +14.6%. Staff 401 to 412.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.7 bn | $3.8 bn | $3.8 bn | $3.8 bn | $3.8 bn | $3.8 bn | $3.8 bn |
| Total deposits | $3.0 bn | $3.2 bn | $3.2 bn | $3.2 bn | $3.3 bn | $3.2 bn | $3.1 bn | $3.0 bn |
| Bank equity capital | $278.3 mn | $283.0 mn | $285.3 mn | $286.0 mn | $295.4 mn | $302.9 mn | $309.3 mn | $318.8 mn |
| CET1 ratio | 12.65% | 12.49% | 12.49% | 12.66% | 12.62% | 13.03% | not reported | not reported |
| Return on equity (ROE) | 8.42% | 8.21% | 8.75% | 9.20% | 9.66% | 10.45% | 13.72% | 13.76% |
| Uninsured share of domestic deposits | 35.24% | 38.59% | 38.74% | 41.32% | 39.40% | 41.18% | 42.20% | 41.24% |
| Full-time equivalent employees | 401 | 401 | 406 | 407 | 410 | 409 | 404 | 412 |
| Number of offices | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Independence Bank of Kentucky appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Independence Bank of Kentucky?
Independence Bank of Kentucky reported $3.8 bn at in its Call Report. That makes Independence Bank of Kentucky the 343rd largest of 497 banks in our US coverage.
Is Independence Bank of Kentucky the same as its holding company?
No. This page covers Independence Bank of Kentucky, FDIC certificate 8136; INDEPENDENCE BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Independence Bank of Kentucky profitable?
Independence Bank of Kentucky reported net income of $21.4 mn for the year to ; annualized return on equity: 13.76%. So yes: Independence Bank of Kentucky made a profit over these months.
When is data for Independence Bank of Kentucky next updated?
Figures from Independence Bank of Kentucky for are due after .
Where can I check the figures for Independence Bank of Kentucky?
In the FDIC BankFind Suite record for certificate 8136, and in the Call Reports of Independence Bank of Kentucky (RSSD ID 648242) at the FFIEC Central Data Repository.