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909 North 18th Street
Monroe, LA 71201

Ouachita Independent Bank is headquartered in Monroe and is the 21st largest bank in the state of Louisiana. It is also the 1,036th largest bank in the nation. It was established in 1997 and as of March of 2014, it had grown to 168 employees at 12 locations. Ouachita Independent Bank's savings rates are 94% higher than the national average, and it boasts a A+ health rating.

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Updated Review of Ouachita Independent Bank’s Reward Checking and Savings Accounts - 9/5/2013

I first reviewed Ouachita Independent Bank ’s reward checking account over six years ago when it was paying 6.01% for balances up to $25K. As you might expect, the rate and balance cap have fallen. Ho ...

Reviews (3)

Not Necessarily

OIB temporarily limited their online account openings to customers in Arkansas, Louisiana, Mississippi and Texas during a recent switch-over to a new online account opening vendor. The switch has been made and account-openings for 7 (soon to be 8) deposit products are open to the continental US.

This Is Only Available For Local Deposits

This is only available for local deposits

Very Poor Service

After two years of banking at Ouachita Independent Bank, I had a VERY POOR customer service experience today at the main branch of the OIB on N 18th Street in Monroe at the hands of bank vice president, Bernadette Rainbolt. Ms Rainbolt also serves as the notary - a service I insist on having in a bank I am a member of. Ms Rainbolt gave me and an elderly black gentleman who bought a car from me today a very hard time when trying to have the title notarized at the bank. We both had valid, state-issued identification and the title listed me as the lawful, registered owner. Because the title also listed me as the “custodian” of my son (who the car was originally bought for as he was the principal driver back then) she started acting suspicious of me. I explained to her the DMV required that it be titled that way because he wasn’t allowed to own a vehicle at the time it was purchased - he was a minor at the time. And although the black gentleman had valid identification issued by the state of Louisiana DMV, she questioned him on why he was buying a vehicle in the first place because he had a state ID and not a driver’s license. What does she care? It’s his business. You don’t have to hold a valid driver’s license to own property in the state of Louisiana, including vehicles. Ms Rainbolt told us she would prefer we took our request for title notarization elsewhere because we had “too many problems.” I was humiliated and furious over this treatment. It’s my belief that she was being arrogant and unnecessarily difficult. There is a word for women like that but I won’t use it. And I won’t discount the possibility that she just didn’t want to help us because the one fellow was black and didn’t have a current driver’s license. This reflects very poorly on Ouachita Independent Bank. No one should be treated this poorly and with such contempt.


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 Ouachita Independent Bank had $3.3 million in non-current loans and owned real-estate with $78.01 million in equity and loan loss allowances on hand to cover it. This gives Ouachita Independent Bank a Texas Ratio of 4.22% 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 Ouachita Independent Bank decreased slightly from 5.01% as of March 31, 2013 to 4.22% as of March 31, 2014, resulting in a positive change of 15.76%.This indicates that the balance sheet and financial strength for Ouachita Independent Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Ouachita Independent Bank has increased its total deposits by $29.42 million, resulting in 5.6% 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 Ouachita Independent Bank 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. Ouachita Independent Bank has $659.27 million in assets with $78.01 million in equity, resulting in a capitalization level of 11.83%, which is excellent.

Institution Statistics

FDIC Certificate #34332
Year Established1997
Primary RegulatorFDIC
Assets and Liabilities
Assets$659.27 million
Loans$478.45 million
Deposits$554.80 million
Equity Capital$72.96 million
Loan Loss Allowance$5.06 million
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$1.45 million
Historic Data - March 2013
Assets$628.30 million
Equity Capital$68.77 million
Loan Loss Allowance$5.11 million
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$120,000
Profit Margin - Quarterly
Net Interest Margin4.13%
Return on Assets2.25%
Return on Equity20.67%
Interest Income$7.08 million
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Ouachita Independent Bank Savings Account Rates

1.01%-$50kReward Plus Savings - Qualifying
0.51%$100k-OIB Health Savings Account
0.15%--OIB Regular Savings
0.15%--OIB Business Savings
0.05%--Reward Plus Savings - Non Qualifying

Ouachita Independent Bank Money Market Rates

0.45%$500k-OIB Money Market Checking

Ouachita Independent Bank Checking Account Rates

3.01%-$15kOIB Reward Checking - Qualifying
3.01%-$15kReward Plus Checking - Qualifying
0.55%$500k-OIB Ultra-Checking
0.45%$500k-OIB Premium Business Checking
0.05%--OIB Reward Checking - Non Qualifying
0.05%--OIB Interest Checking
0.05%--OIB Business Plus Checking
0.05%--Reward Plus Checking - Non Qualifying

Ouachita Independent Bank has 12 locations. Click to view all Ouachita Independent Bank locations.