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Overview / Commentary
4401 Rockside Road
Independence, OH 44131

Independence Bank (OH) is headquartered in Independence and is the 92nd largest bank in the state of Ohio. It is also the 3,294th largest bank in the nation. It was established in 1979 and as of March of 2014, it had grown to 23 employees at 1 location. Independence Bank (OH) has a A+ health rating.

Reviews (1)

Independence Bank

I love this bank. The manager was nice, the staff was amazing, and it's a family owned business. I recommend it deeply.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Independence Bank (OH) had $901,000 in non-current loans and owned real-estate with $22.87 million in equity and loan loss allowances on hand to cover it. This gives Independence Bank (OH) a Texas Ratio of 3.94% 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 (OH) decreased dramatically from 13.26% as of March 31, 2013 to 3.94% as of March 31, 2014, resulting in a positive change of 70.30%.This indicates that the balance sheet and financial strength for Independence Bank (OH) has improved dramatically in recent periods.

Deposit Growth


In the past year, Independence Bank (OH) has increased its total deposits by $15.48 million, resulting in 10.9% 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 (OH) has shown is excellent.



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 (OH) has $177.79 million in assets with $22.87 million in equity, resulting in a capitalization level of 12.87%, which is excellent.

Institution Statistics

FDIC Certificate #22925
Year Established1979
Primary RegulatorFDIC
Assets and Liabilities
Assets$177.79 million
Loans$96.87 million
Deposits$157.54 million
Equity Capital$20.05 million
Loan Loss Allowance$2.83 million
Unbacked Noncurrent Loans$901,000
Real Estate Owned$0
Historic Data - March 2013
Assets$161.74 million
Equity Capital$19.53 million
Loan Loss Allowance$3.38 million
Unbacked Noncurrent Loans$901,000
Real Estate Owned$665,000
Profit Margin - Quarterly
Return on Assets0.69%
Return on Equity6.19%
Interest Income$1.50 million

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Independence Bank (OH) Locations
Independence Bank4401 Rockside RoadIndependence, OH 44131