Independence Bank of Kentucky
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Data as of · sourced from FFIEC call reports. How we update
Independence Bank of Kentucky is an FDIC-insured commercial bank headquartered in Owensboro, KY, established in 1909 (FDIC certificate 8136), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $3.83B, up 0.1% from Q2 2025, the 5th largest of 120 banks headquartered in Kentucky. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.35% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8136
- Headquarters
- Owensboro, KY
- Established
- 1909
- Total assets, Q2 2026
- $3.83B
- Assets vs Q2 2025
- +0.1%
- Tier 1 leverage ratio, Q2 2026
- 9.35%
- Domestic offices
- 26 FDIC institution directory, current count
- Routing number
- 083902756
- Latest call report
- Q2 2026, FFIEC 051 · Independence Bank of Kentucky call report
- Holding company
- INDEPENDENCE BANCSHARES, INC.
- Asset rank in state
- 5th of 120 in Kentucky
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%. The figures come from its call report filed with the FFIEC.
Of the 120 banks headquartered in Kentucky, Independence Bank of Kentucky is the 5th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.9% to $3.83B, loans rose 2.9% and deposits fell 3.0%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 32.4% of total loans, followed by non-owner-occupied commercial real estate loans at 16.0%. The FDIC Summary of Deposits lists 26 offices for it, in 17 cities in KY; its Owensboro 3 offices book 34% of its branch deposits. Judged on its Q2 2026 call report, Independence Bank of Kentucky meets the community bank leverage ratio test for well capitalized.
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
- Domestic offices
- 26 FDIC institution directory, current count
- 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
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 of Kentucky 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 of Kentucky's total assets ranged from $3.66B (Q3 2023) to $3.83B (Q2 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
$3.83B total assets against $3.82B; $3.51B total liabilities against $3.54B.
$2.11B net loans and leases against $2.09B; $3.02B total deposits against $3.16B.
$1.43B securities against $1.44B; $140.7M cash and balances due against $156.3M.
$42.7M total interest income against $43.5M; $18.8M total interest expense against $22.7M.
$23.9M net interest income against $20.8M.
$6.6M total noninterest income against $5.8M; $19.4M total noninterest expense against $18.9M.
$175K provision for credit losses against $800K.
$10.9M net income against $6.9M.
1.16% return on assets against 0.71%; 2.70% net interest margin against 2.21%.
9.35% tier 1 leverage ratio against 8.55%.
Inside the full Independence Bank of Kentucky terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 341 of 4,196, for total assets; its furthest is 2,838 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.39% (Q3 2024) to 1.16% (Q2 2026) and its net interest margin ran from 1.82% (Q3 2024) to 2.70% (Q2 2026).
| 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
View all 26 branches → 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 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
Facts as filed or published, not a rating.
- 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).
- Not on file
- Enforcement actions, 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 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.
Where is Independence Bank of Kentucky headquartered?
It is headquartered in Owensboro, KY, United States.
When was Independence Bank of Kentucky founded?
It was established in 1909, per the FDIC institution directory.
Is Independence Bank of Kentucky FDIC-insured?
Yes. It 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.
How many branches does Independence Bank of Kentucky operate?
It 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?
Its Texas Ratio is 0.74% 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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