Independence National Bank

Independence National Bank is headquartered in Greenville and is the 55^th largest bank in the state of South Carolina. It is also the 4,625^th largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 25 employees at 4 locations. Independence National Bank has a 2-star health rating.

Independence National Bank Routing Number: 053208134

Data for Q1 2012

Institution Statistics Independence National Bank FDIC Certificate # 57951 BankRate Report View Year Established 2005 Employees 25 Primary Regulator OCC Assets and Liabilities Assets $113.43 million Loans $71.32 million Deposits $97.52 million Equity Capital $8.63 million Loan Loss Allowance $1.96 million Unbacked Noncurrent Loans $6.13 million Real Estate Owned $5.41 million Historic Data - March 2011 Assets $120.64 million Equity Capital $8.94 million Loan Loss Allowance $3.12 million Unbacked Noncurrent Loans $13.29 million Real Estate Owned $2.22 million Profit Margin - Quarterly Net Interest Margin 3.42% Return on Assets 0.67% Return on Equity 8.88% Interest Income $1.11 million

Institution Health Overall Score: 2 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 National Bank had $11.54 million in non-current loans and owned real-estate with $10.59 million in equity and loan loss allowances on hand to cover it. This gives Independence National Bank a Texas Ratio of 109.02% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Independence National Bank decreased slightly from 128.59% as of March 31, 2011 to 109.02% as of March 31, 2012, resulting in a positive change of 15.22%.This indicates that the balance sheet and financial strength for Independence National Bank has improved slightly in recent periods. Deposit Growth In the past year, Independence National Bank has decreased its total deposits by -$6.97 million, resulting in -6.67% 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 National Bank has shown is poor. 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 National Bank has $113.43 million in assets with $10.59 million in equity, resulting in a capitalization level of 9.33%, which is average.

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