Institution Statistics
| Independence Bank | | FDIC Certificate # | 57688 | | BankRate Report | View | | Year Established | 2004 | | Employees | 55 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $280.31 million | | Loans | $194.01 million | | Deposits | $201.08 million | | Equity Capital | $40.27 million | | Loan Loss Allowance | $4.09 million | | Unbacked Noncurrent Loans | $7.11 million | | Real Estate Owned | $1.88 million |
Historic Data - March 2012 | | Assets | $289.73 million | | Equity Capital | $37.97 million | | Loan Loss Allowance | $4.34 million | | Unbacked Noncurrent Loans | $5.12 million | | Real Estate Owned | $3.16 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.29% | | Return on Assets | 0.68% | | Return on Equity | 4.91% | | Interest Income | $3.28 million |
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Institution Health
Overall Score:
4 out of 5
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Independence Bank (CA) had $8.99 million in non-current loans and owned real-estate with $44.36 million in equity and loan loss allowances on hand to cover it. This gives Independence Bank (CA) a Texas Ratio of 20.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Independence Bank (CA) held steady from 19.57% as of March 31, 2012 to 20.26% as of March 31, 2013, resulting in a negative change of 3.57%. This indicates that the balance sheet and financial strength for Independence Bank (CA) has held steady in recent periods. | | Deposit Growth |  | | In the past year, Independence Bank (CA) has decreased its total deposits by $-800,000, resulting in -0.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Independence Bank (CA) has shown is average. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Independence Bank (CA) has $280.31 million in assets with $44.36 million in equity, resulting in a capitalization level of 15.83%, which is excellent. |
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