Independence Bank of Kentucky

Independence Bank of Kentucky is headquartered in Owensboro and is the 9^th largest bank in the state of Kentucky. It is also the 579^th largest bank in the nation. It was established in 1909 and as of March of 2012, it had grown to 240 employees at 20 locations. Independence Bank of Kentucky has a 5-star health rating.

Independence Bank of Kentucky Routing Number: 083902756

Data for Q1 2012

Institution Statistics Independence Bank of Kentucky FDIC Certificate # 8136 BankRate Report View Year Established 1909 Employees 240 Primary Regulator FDIC Assets and Liabilities Assets $1.14 billion Loans $698.25 million Deposits $961.13 million Equity Capital $85.42 million Loan Loss Allowance $9.64 million Unbacked Noncurrent Loans $2.01 million Real Estate Owned $682,000 Historic Data - March 2011 Assets $1.01 billion Equity Capital $70.47 million Loan Loss Allowance $8.99 million Unbacked Noncurrent Loans $4.14 million Real Estate Owned $300,000 Profit Margin - Quarterly Net Interest Margin 4.38% Return on Assets 1.58% Return on Equity 21.38% Interest Income $14.56 million

Institution Health Overall Score: 5 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, 2012 Independence Bank of Kentucky had $2.69 million in non-current loans and owned real-estate with $95.06 million in equity and loan loss allowances on hand to cover it. This gives Independence Bank of Kentucky a Texas Ratio of 2.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Independence Bank of Kentucky decreased significantly from 5.58% as of March 31, 2011 to 2.83% as of March 31, 2012, resulting in a positive change of 49.37%.This indicates that the balance sheet and financial strength for Independence Bank of Kentucky has improved significantly in recent periods. Deposit Growth In the past year, Independence Bank of Kentucky has increased its total deposits by $158.91 million, resulting in 19.81% 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 of Kentucky has shown is excellent. 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 of Kentucky has $1.14 billion in assets with $95.06 million in equity, resulting in a capitalization level of 8.37%, which is average.

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