Independence Federal Bank For Savings

Independence Federal Bank For Savings is headquartered in Independence and is the 335^th largest bank in the state of Iowa. It is also the 7,105^th largest bank in the nation. It was established in 1935 and as of March of 2012, it had grown to 4 employees at 1 location. Independence Federal Bank For Savings has a 4-star health rating.

Data for Q1 2012

Institution Statistics Independence Federal Bank For Savings OTS # 03436 FDIC Certificate # 29427 BankRate Report View Year Established 1935 Employees 4 Primary Regulator OCC Assets and Liabilities Assets $23.58 million Loans $11.69 million Deposits $18.84 million Equity Capital $2.01 million Loan Loss Allowance $156,000 Unbacked Noncurrent Loans $237,000 Historic Data - March 2011 Assets $21.53 million Equity Capital $2.20 million Loan Loss Allowance $150,000 Unbacked Noncurrent Loans $420,000 Real Estate Owned $90,000 Profit Margin - Quarterly Net Interest Margin 0.86% Return on Assets -1.59% Return on Equity -18.2% Interest Income $185,000

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, 2012 Independence Federal Bank For Savings had $237,000 in non-current loans and owned real-estate with $2.16 million in equity and loan loss allowances on hand to cover it. This gives Independence Federal Bank For Savings a Texas Ratio of 10.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Independence Federal Bank For Savings decreased significantly from 21.67% as of March 31, 2011 to 10.97% as of March 31, 2012, resulting in a positive change of 49.38%.This indicates that the balance sheet and financial strength for Independence Federal Bank For Savings has improved significantly in recent periods. Deposit Growth In the past year, Independence Federal Bank For Savings has increased its total deposits by $729,000, resulting in 4.03% 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 Federal Bank For Savings has shown is above 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 Federal Bank For Savings has $23.58 million in assets with $2.16 million in equity, resulting in a capitalization level of 9.17%, which is average.

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