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2500 Eastpoint Parkway
Louisville, KY 40223

PBI Bank is headquartered in Louisville and is the 9th largest bank in the state of Kentucky. It is also the 620th largest bank in the nation. It was established in 1902 and as of December of 2013, it had grown to 260 employees at 19 locations. PBI Bank has a D health rating.

Reviews (1)

It Used To Be Better...

I am writing this to update people on what happened after Ascencia Bank became a part of PBI. When it was Ascencia, it was a paper-driven bank (forms would need to be emailed/fax/mailed, had competitive rates and were relatively friendly folks.

The accounts were easy to setup (the checking account had 50 starter checks) and had very competitive rates. Billpay was a little clunky, but functional. The rates were listed on the website for customers, current or prospective, to view.

ACH setup was straight forward and officially had no limit on the number of banks linked to an account (min transfer amount was $25 in either direction) (The bank understandably did question, but officially no limit) I don't think there was a maximum number of transfers in either direction or an amount per transaction or "total" It was a decent bank. (Its one of the few banks that I opened without thought of any "promotional offers") Good rate, pretty convenient (it allowed bank by mail with preprinted deposit slips and prepaid envelopes) and a respectable hub.

After the update to online banking and perhaps final conversion to PBI, former Ascencia customers were notified that the billpay info would convert, but the ACH info would not. "Improvement" was in the form of being able to setup ACH online with trial deposits. (Previously, one had to email/fax/mail a form that had a voided check/deposit slip image with the routing number and account number) However, there were quite a few bugs that needed to be ironed out in the first few days (after 11/25...almost a week)

"To add a new Bank-to-Bank transfer, complete the fields below and select Submit. You may submit up to five (5) inbound transfers and five (5) outbound transfers per day. The total dollar amount of inbound transfers cannot exceed $3,000. Any incoming bank-to-bank transfers will have a two-day hold placed on the funds before they are available for use. The total dollar amount of outbound transfers cannot exceed $3,000. You may set up recurring or future dated transfers. These transfers will count towards your totals on the day that the transfer is scheduled to occur."

is what is shown now. What is also not mentioned is lowered minimum transaction amount of $1 (previously $25) and the "hold" mentioned in the quote is where "pulled" amount is debited with the heading "memo debit memo." instead of just showing a current balance compared to a available balance.

Also, unfortunately, if a person tries to setup a transfer and there's an error, the system does not tell the customer the error message/reason. (no reds, nothing) As a result, this bank is not recommended as a hub account.

In terms of convenience, I think it's okay if a person knows to ask the customer service for the deposit slips and envelopes (no deposit slip results in at least a $5 fee; probably higher now) The mobile app does not have mobile deposit yet.

I hope this review might help other readers. Thank you for reading.


Data for Q4 2013

Institution Health


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 December 31, 2013 PBI Bank had $132.12 million in non-current loans and owned real-estate with $91.94 million in equity and loan loss allowances on hand to cover it. This gives PBI Bank a Texas Ratio of 143.70% 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 PBI Bank increased slightly from 107.09% as of December 31, 2012 to 143.70% as of December 31, 2013, resulting in a negative change of 34.18%. This indicates that the balance sheet and financial strength for PBI Bank has declined slightly in recent periods.

Deposit Growth


In the past year, PBI Bank has decreased its total deposits by -$76.53 million, resulting in -7.18% 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 PBI Bank has shown is below average.



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. PBI Bank has $1.07 billion in assets with $91.94 million in equity, resulting in a capitalization level of 8.56%, which is average.

Institution Statistics

FDIC Certificate #9314
Year Established1902
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.07 billion
Loans$681.35 million
Deposits$989.52 million
Equity Capital$63.82 million
Loan Loss Allowance$28.12 million
Unbacked Noncurrent Loans$101.23 million
Real Estate Owned$30.89 million
Historic Data - December 2012
Assets$1.16 billion
Equity Capital$71.71 million
Loan Loss Allowance$56.68 million
Unbacked Noncurrent Loans$101.23 million
Real Estate Owned$43.67 million
Profit Margin - Quarterly
Net Interest Margin3.27%
Return on Assets0%
Return on Equity0.08%
Interest Income$43.15 million

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PBI Bank has 19 locations. Click to view all PBI Bank locations.