# INDEPENDENCE BANK
INDEPENDENCE, OH · FDIC certificate 22925 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $191.2M | |
| Deposits | $161.6M | |
| Loans and leases | $104.0M | |
| Total equity | $27.4M | |
| Loans / deposits | 62.10% (p33 of band) | 73.59% |
| Liquid assets / assets | 43.65% (p69 of band) | |
| Uninsured deposits / deposits | 50.50% (p97 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.46% (p74 of band) | 11.76% |
| Unrealized securities loss / equity | -4.96% (p57 of band) | -6.57% |
| AOCI / equity | -0.03% (p68 of band) | |
| ROA (annualized) | 0.87% (p33 of band) | 1.17% |
| Net interest margin | 3.22% (p19 of band) | 3.93% |
| Efficiency ratio | 62.68% (p42 of band) | |
| Noncurrent loans | 0.26% (p45 of band) | 0.36% |
| Net charge-offs (annualized) | 0.28% (p94 of band) | |
| Reserve coverage of noncurrent | 1356.30% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 12.58% (p43 of band) | |
| Auto loans | $109,000 (0.10% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.8% | |
| Employees | 18 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | charge-offs p90 |  |
| 2011-06 | 1 | reserve under noncurrent | charge-offs p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 2 | capital falling, charge-offs p90 |  |
| 2012-12 | 2 | reserve under noncurrent | capital falling |
| 2013-03 | 2 | deposits shrinking, assets shrinking | charge-offs p90, reserve under noncurrent |
| 2013-06 | 3 | charge-offs p90 |  |
| 2013-09 | 1 | capital falling | deposits shrinking, assets shrinking, charge-offs p90 |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | charge-offs p90 | capital falling |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | charge-offs p90 |
| 2014-12 | 2 | deposits shrinking, assets shrinking |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 | charge-offs p90 | deposits shrinking, assets shrinking |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 1 |  | charge-offs p90 |
| 2016-06 | 2 | charge-offs p90 |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | uninsured deposits >50% |  |
| 2017-06 | 2 |  | capital falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | charge-offs p90 |
| 2018-03 | 2 | deposits shrinking |  |
| 2018-06 | 1 |  | deposits shrinking |
| 2018-09 | 3 | deposits shrinking, assets shrinking |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 | capital falling | deposits shrinking, assets shrinking |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | uninsured deposits >50%, capital falling |
| 2019-12 | 3 | uninsured deposits >50% | uninsured deposits leaving |
| 2020-03 | 3 | uninsured deposits leaving | uninsured deposits >50% |
| 2020-06 | 1 |  | assets shrinking, uninsured deposits leaving |
| 2020-09 | 2 | uninsured deposits >50%, capital falling | deposits shrinking |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | deposits shrinking, assets shrinking |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | deposits shrinking, assets shrinking |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | charge-offs p90 |  |
| 2024-03 | 1 |  | charge-offs p90 |
| 2024-06 | 2 | deposits shrinking |  |
| 2024-09 | 1 |  | deposits shrinking |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | uninsured deposits >50% |
| 2025-06 | 1 | uninsured deposits >50% |  |
| 2025-09 | 0 |  | uninsured deposits >50% |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | uninsured deposits >50% |  |
| 2026-06 | 2 | charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-30 [First Independence Bank, Detroit, Michigan, Assumes All Deposits of Metropolitan Capital Bank & Trust, Chicago, Illinois - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMivAFBVV95cUxPYlVKeVV0aXRqYlJoQ0JoMzdHUm1uLUlSdXhPNnRQV2cyODFqdmhIa0F0RklqM2pBd0FCX3NOcC1HeTZuT1hYYmdXS3JRWUpONHREaTRVYURaX3RvUlFxOFlnT1YtaGZpdnhySy16aWdXczEzUXNOeXZQMU81M25DLWZhSmJZT0k4WGtCWlVyOU1HYnpmVW5VaUl0dGdJTlZKVTZsUzFVeFBwbDY2NnRzT2VabndfUVhLUkJDRQ?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-09-04 [Independence Bank of Kentucky Trims Holdings in Advanced Micro Devices, Inc. $AMD - MarketBeat](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPVkdlN29vbE9iZnJUWkRwT1RUM0taak54Z0xZVlltamdrQTJGR3loS0FSWFBkQVlMeEwwWE9OOHUxSmxteGMxeGxwUjcyMEY3eDdkeUJKeDR0djd5bkpGMWtFRVlNY3kycG44MVZGZ2NBMFRvSFJrR0dvQ09GeEhfald0enB6RVJpRXJiV0xFRWlZclEyeVJiOXhKODd1bWtVUFdEV1l2OGhDLUdoeXZLeEszZEtTaFYwRTRPYXJaQmRWbEZpY1NTd0g0YTJzSjZfa2lFMjFn?oc=5) · MarketBeat
- 2026-08-12 [Bank of America pledges $250B toward US infrastructure update - Banking Dive](https://news.google.com/rss/articles/CBMiowFBVV95cUxNeDBFblY0RnZsUDZoM1p1V2t4dDUxSTdLZXhPTjkxQUx0Sy16QldLZS1uTG52UHVFX3pNdDVDeGNLckUxVDVDNHlXU0lsYmI0dlk2R3RVR1FVVlp2TVJGd3BkNElJU1REYXItVTAyODJrc19wVXQtVWZPY2s5Mm4ydmZmZkhIclk3TlBrR1FvWG1PV1p1cDN3Ylk3ZXFXbktTdnl3?oc=5) · Banking Dive
- 2026-04-24 [Independence Bank to award more than 60 scholarships to Class of 2026 - 14 News](https://news.google.com/rss/articles/CBMimwFBVV95cUxQUHJqSWxCNEJYMGhTaXkzZlhOcDVuUDU2bFNLQjdReVpxMXlQQ2NEMEhiZTk0Sm5Qd3BiM0VKdVBYTnV4X0dEUlVPX1dnZ0o5d19KSWQzUEtxSVJwRElTZXozU1lTVlRWOEhSY2JFWGVpMTNjUVVDbDVHVkRQRkhWNlNQTTVxNGtCUncwV05majY2UW5uN0JsQ1I5Yw?oc=5) · 14 News
- 2026-02-13 [First Independence Bank continues to help underserved communities get into banking - kare11.com](https://news.google.com/rss/articles/CBMi9AFBVV95cUxPYTRvN3FQTUFfZDB0ZHo5OEd1R2UxeFFnSXpHRUdwVXZQTF9sWS1kZVZoZTFZT1RSV05Tb0lkOXFfN09EZExSdi1DeHJPT3ZGeVJCTFZmLWpjUGJTbXozUy14X0lQOXpSZlhYSUZxLTlXYzQ4Z3VNLVI5Q3ZpbzVZWDhXU3pqOS1rWG0zY0xjWjNrTkl5Tk9KbUZCX3drTmZFNl9jaS1pZXM2Zk5Ma0xFUWVkV3lfb3ZVVnVBVnB4d3ZPNFZlUzlhamFxNWpLOGNhaTFUbkctakV5dTNjcDR6N0VmbWs4LWNJT1VUeGpIdGFPZ0dk?oc=5) · kare11.com
- 2026-03-26 [How the Trump administration is testing Fed independence on bank rules - Reuters](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPNnl1TTE3anVTb0dNSklhQmc1YzZFSUhZSkRheV9Jc0ppdUszYWhrd25tQl95MzRzbVJyVVl5Y3hPNnpsUzZiSkdmVDhFdmxjZk9ZUmpBRW1OdVF1QTlENmdJN0xnR2drdk1rWUtfVWpCQzVvX2tUeWV1TmJlNXFWemN6bzZEcHVMbU0zSksyN1NvUVdISW1CMEFBeU1qSGl3VTVaR3hCVG16ZDIyNzNJb0FjN0ZmTF8zZXRR?oc=5) · Reuters
- 2026-04-29 [Independence Bank scholarship program surpasses $2 million milestone - The Owensboro Times](https://news.google.com/rss/articles/CBMitwFBVV95cUxPZHpLSEtveF9ob3pYYnJmZjJqaElYOU5QZDl2MlplaHJLbVl3eS1nYWlrRW9TRmJNV05ZNmxfX3IwM0R3VDA1SDJ2WHRSSDRaQV90WXRYQ0ZYN0hiXzNEZkNTRDVyaGVWbDMwTWxMb0FVSkRDRVVwM013elhoc25WdWUzR0ZzMmROY0pYR2tSdjdnbEhkdk00NkxpS1ZTUGZmV0l5S1ZfTndMdTBndFNkOC1TdnNEbFk?oc=5) · The Owensboro Times
- 2026-02-02 [Detroit-based bank takes over assets of failed Chicago institution - The Detroit News](https://news.google.com/rss/articles/CBMizgFBVV95cUxNWVBRMVdQZGxFUDF0OVEtbmtsa2xMZXNLUlBUS2h6YWdXWWQtSjgzY0FVWDg5VGkwVkRHMTRUTTN4bTd2V2VXQkVjRzh6bExkMlhGbTJla2hCZm1kQ0x5TVlzR3dodDBTamhPRnlQeDZTMnlCWTBsQVVDWVBYMEowQThNRklpcGlLSUtFNlZEZFpYb2Q4NjlIZ0lxU0VnTWpjTy1TTFgyMko1b2VlbFp0cDRKNXhBYm1qYzJ2RFoyWG1IenduTklqNDFsSWg1Zw?oc=5) · The Detroit News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22925 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/13.json (key "22925", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide