Independence Bank (Independence, OH)
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Data as of · sourced from FFIEC call reports. How we update
Independence Bank is an FDIC-insured commercial bank headquartered in Independence, OH, established in 1979 (FDIC certificate 22925), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $191.2M, up 4.3% from Q2 2025, the 100th largest of 154 banks headquartered in Ohio. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.46% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 22925
- Headquarters
- Independence, OH
- Established
- 1979
- Total assets, Q2 2026
- $191.2M
- Assets vs Q2 2025
- +4.3%
- Tier 1 leverage ratio, Q2 2026
- 14.46%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 041201813
- Latest call report
- Q2 2026, FFIEC 051 · Independence Bank call report
- Holding company
- INDEPENDENCE BANCCORP
- Asset rank in state
- 100th of 154 in Ohio
Independence Bank, based in Independence, Ohio, reported $191 million in assets at June 30, 2026, up 4.3% from a year earlier. It keeps 2.99 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also shrank its loan book 9.0% over the year, lower than about 9 in 10 banks its size (median 5.5%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.26% of loans from 1.17%. Loans and deposits moved in opposite directions: over the year loans fell 9.0% and deposits rose 4.8%. Profitability lags: it returns 5.0% a year on shareholders' equity, about a third the median of 12.5% for banks its size.
As of June 30, 2026, Independence Bank reported a return on assets of 0.71%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 0.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Independence Bank is the 100th largest of the 154 banks headquartered in Ohio. Between Q1 2026 and Q2 2026, its total assets fell 0.1% to $191.2M, loans fell 0.5% and deposits fell 0.2%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 28.1% of total loans, ahead of non-owner-occupied commercial real estate loans at 25.5%. Its one office in the FDIC Summary of Deposits is in Independence, OH. By the capital ratios in its Q2 2026 call report, Independence Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 4401 Rockside Rd, Independence, OH 44131
- County
- Cuyahoga
- Metro Area
- Cleveland, OH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- August 15, 1979
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $161.6M
- Allowance for credit losses
- $3.7M
- Net charge-offs (YTD)
- $264K
- Average total assets
- $195.5M
- Average total loans
- $101.6M
- Average interest-bearing deposits
- $134.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 15, 1979
- FDIC Cert
- 22925
- Fed RSSD
- 956527
- Parent Holding Company
- INDEPENDENCE BANCCORP (RSSD 1070970)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Independence Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Independence Bank's total assets ranged from $178.3M (Q4 2023) to $191.4M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$191.2M total assets against $183.3M; $163.9M total liabilities against $156.7M.
$100.4M net loans and leases against $110.4M; $161.6M total deposits against $154.3M.
$35.6M securities against $32.8M; $47.9M cash and balances due against $32.7M.
$2.5M total interest income against $2.4M; $1.0M total interest expense against $1.1M.
$1.4M net interest income against $1.3M.
-$12K total noninterest income against $23K; $965K total noninterest expense against $873K.
$0 provision for credit losses against $0.
$346K net income against $344K.
0.71% return on assets against 0.75%; 2.99% net interest margin against 2.87%.
14.46% tier 1 leverage ratio against 15.15%.
Inside the full Independence Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeIndependence Bank rankings
Its closest position to the top of a national ranking is 2,562 of 3,606, for efficiency ratio; its furthest is 3,013 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.28% (Q4 2024) to 1.01% (Q1 2026) and its net interest margin ran from 2.84% (Q4 2025) to 3.17% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.46% | 0.71% | 0.26% | 0.87% | 2.99% |
| Q1 2026 | 15.26% | 1.01% | 0.22% | 0.72% | 3.15% |
| Q4 2025 | 15.16% | 0.33% | 0.10% | 0.36% | 2.84% |
| Q3 2025 | 15.16% | 0.69% | 0.12% | 0.43% | 3.17% |
| Q2 2025 | 15.15% | 0.75% | 1.17% | 4.36% | 2.87% |
| Q1 2025 | 15.60% | 0.88% | 0.53% | 1.98% | 3.01% |
| Q4 2024 | 14.78% | 0.28% | 0.24% | 0.90% | 3.00% |
| Q3 2024 | 14.81% | 0.94% | 0.35% | 1.31% | 3.03% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Independence Bank (main office) | Independence , OH | 44131 | $161.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in OH, rank 119 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Independence Bank
What are Independence Bank's total assets?
As of the Q2 2026 filing, Independence Bank reported total assets of $191.2 million in its FFIEC call report.
Where is Independence Bank headquartered?
It is headquartered in Independence, OH, United States.
When was Independence Bank founded?
It was established in 1979, per the FDIC institution directory.
Is Independence Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22925). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Independence Bank?
Independence Bank's primary federal regulator is the FDIC.
How many branches does Independence Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Independence Bank's Texas Ratio?
Its Texas Ratio is 0.87% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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