Independence Bank of Kentucky: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Independence Bank of Kentucky, based in Owensboro, Kentucky, reported $3.8 billion in assets at June 30, 2026. It keeps 2.70 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also lost 4.4% of its deposits over the year, lower than about 9 in 10 banks its size (median 5.1%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $254 million equal 72% of Tier 1 capital, down from 83% a year earlier. Earnings jumped: net income for the quarter was $11 million, 57% above the same quarter a year earlier. Where it has less room is capital: it funds 9.35% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
As of June 30, 2026, Independence Bank of Kentucky reported a return on assets of 1.16%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 0.74%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 2425 Frederica St, Owensboro, KY 42301
- County
- Daviess
- Metro Area
- Owensboro, KY
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1909
- Offices
- 26 domestic
- Employees (FTE)
- 412
- Domestic deposits
- $3.02B
- Allowance for credit losses
- $22.1M
- Net charge-offs (YTD)
- $2K
- Average total assets
- $3.75B
- Average total loans
- $2.09B
- Average interest-bearing deposits
- $2.57B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8136
- Fed RSSD
- 648242
- SEC CIK
- 1760086 → filed by INDEPENDENCE BANCSHARES, INC.
- Website
- www.1776bank.com →
- Parent Holding Company
- INDEPENDENCE BANCSHARES, INC. (RSSD 1118854)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Independence Bank of Kentucky terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Independence Bank of Kentucky, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Independence Bank of Kentucky rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.35% | 1.16% | 0.12% | 0.74% | 2.70% |
| Q1 2026 | 9.21% | 1.12% | 0.21% | 1.32% | 2.64% |
| Q4 2025 | 8.92% | 1.00% | 0.18% | 1.21% | 2.59% |
| Q3 2025 | 8.85% | 0.81% | 0.21% | 1.65% | 2.44% |
| Q2 2025 | 8.55% | 0.71% | 0.13% | 1.14% | 2.21% |
| Q1 2025 | 8.60% | 0.65% | 0.12% | 1.17% | 2.16% |
| Q4 2024 | 8.60% | 0.56% | 0.13% | 1.21% | 2.08% |
| Q3 2024 | 8.54% | 0.39% | 0.12% | 1.27% | 1.82% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 26 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Independence Bank of Kentucky (main office) | Owensboro , KY | 42301 | $884.3M |
| St. Matthews Square Branch | Louisville , KY | 40207 | $254.1M |
| Freedom Square Branch | Bowling Green , KY | 42104 | $232.2M |
| Jefferson Square Branch | Paducah , KY | 42001 | $207.9M |
| Liberty Square Branch | Henderson , KY | 42420 | $184.6M |
| Lexington Branch | Lexington , KY | 40507 | $129.0M |
| Capital Square Branch | Frankfort , KY | 40601 | $111.0M |
| Madisonville North Branch | Madisonville , KY | 42431 | $97.4M |
| Shelbyville Branch | Shelbyville , KY | 40065 | $94.4M |
| Parrish Avenue Branch | Owensboro , KY | 42301 | $82.2M |
| Fairview Avenue Branch | Bowling Green , KY | 42101 | $79.3M |
| Revolution Square Branch | Mayfield , KY | 42066 | $74.0M |
| Highway 54 Branch | Owensboro , KY | 42303 | $73.3M |
| Hawesville Branch | Hawesville , KY | 42348 | $71.6M |
| Livermore Branch | Livermore , KY | 42352 | $67.3M |
| Providence Branch | Providence , KY | 42450 | $65.3M |
| Sebree Branch | Sebree , KY | 42455 | $64.7M |
| Patriot Square Branch | Murray , KY | 42071 | $55.5M |
| Highway 60 Branch | Henderson , KY | 42420 | $33.1M |
| Lone Oak Road Branch | Paducah , KY | 42003 | $29.8M |
| Lewisport Branch | Lewisport , KY | 42351 | $26.6M |
| Frankfort West Branch | Frankfort , KY | 40601 | $24.7M |
| New Holt Branch | Paducah , KY | 42001 | $22.9M |
| Glendale Branch | Murray , KY | 42071 | $21.8M |
| East Center Branch | Madisonville , KY | 42431 | $15.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 11, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1998 | M&A | Acquired Independence Bank merger for the acquired bank | SEC |
| January 1, 1998 | Structure Change | Acquired Independence Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
What the public regulatory sources show for Independence Bank of Kentucky, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.4% of deposits in KY, rank 10 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,467 applications, 1,075 loans originated, $251.8M originated, across 9 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $300K approved, $300K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Independence Bank of Kentucky
What are Independence Bank of Kentucky's total assets?
As of the Q2 2026 filing, Independence Bank of Kentucky reported total assets of $3.83 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Independence Bank of Kentucky headquartered?
Independence Bank of Kentucky is headquartered in Owensboro, KY, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Independence Bank of Kentucky founded?
Independence Bank of Kentucky was established in 1909, per the FDIC institution directory.
Is Independence Bank of Kentucky FDIC-insured?
Yes. Independence Bank of Kentucky is an FDIC-insured commercial bank (FDIC Certificate #8136). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Independence Bank of Kentucky?
Independence Bank of Kentucky's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does Independence Bank of Kentucky operate?
Independence Bank of Kentucky operates 26 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Independence Bank of Kentucky's Texas Ratio?
Independence Bank of Kentucky's Texas Ratio is 0.74% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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