# INDEPENDENCE BANK
NEWPORT BEACH, CA · FDIC certificate 57688 · asset band $300M-1B · latest filing 2014-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 0 (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 | $423.2M | |
| Deposits | $345.9M | |
| Loans and leases | $344.1M | |
| Total equity | $49.2M | |
| Loans / deposits | 98.38% (p86 of band) | 80.75% |
| Liquid assets / assets | 14.45% (p16 of band) | |
| Uninsured deposits / deposits | 21.32% (p56 of band) | 19.51% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.19% (p50 of band) | |
| FHLB advances / assets | 6.19% | |
| Tier 1 leverage | 11.14% (p71 of band) | 10.04% |
| Unrealized securities loss / equity | 1.75% (p61 of band) | 1.00% |
| AOCI / equity | 2.49% (p65 of band) | |
| ROA (annualized) | 0.77% (p40 of band) | 0.89% |
| Net interest margin | 4.82% (p95 of band) | 3.63% |
| Efficiency ratio | 78.32% (p75 of band) | |
| Noncurrent loans | 1.01% (p55 of band) | 0.89% |
| Net charge-offs (annualized) | 0.12% (p66 of band) | |
| Reserve coverage of noncurrent | 111.92% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 5.99% (p11 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 50.1% | |
| Employees | 82 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | reserve under noncurrent |
| 2011-12 | 3 | reserve under noncurrent |  |
| 2012-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 4 |  | assets shrinking, uninsured deposits leaving |
| 2012-09 | 4 |  |  |
| 2012-12 | 1 |  | loans exceed deposits, wholesale funding >15%, deposits shrinking |
| 2013-03 | 1 |  |  |
| 2013-06 | 4 | wholesale funding >15%, deposits shrinking, assets shrinking |  |
| 2013-09 | 0 |  | reserve under noncurrent, wholesale funding >15%, deposits shrinking, assets shrinking |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 3 | expense ratio p90, reserve under noncurrent |  |
| 2014-06 | 0 |  | capital falling, expense ratio p90, reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |

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

- 2026-01-30 [Failed Bank Information for Metropolitan Capital Bank & Trust, Chicago, IL - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOczdnV21aVUQ0cE9YYkNfTll4bHlZbm8zM3dWQzdvR0psYWI1cllMNzZNN1ZrcldmLTRTaTR2aUVMaUhNQVpHdW9lTHJ3VkRLcG1JbENTQzZwWDh1Sm80WkdSN3ExQ2hpODI4bWVXRW92MlozeEhZWTdiU01UekwwaHloT1ZBNmdIUzFF?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 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
- 2026-03-09 [FDIC takes Independence Bank SBA loan-maker back to court - The Business Journals](https://news.google.com/rss/articles/CBMinAFBVV95cUxOWlpHOXN3aGZMNE1hWnYxbW9oXzF4VVctdmZVV1ZuckdtY2dvaXlIRlZRQVpsNEZENFR5RkgtTFJHS2Z0a1liWDl4NnNZNTJLRWp6dUUtOUdMMjlkQWlKalNsaDlOZGVGZTNNNW1IT0tBdmRDcllidFJxdFltYmw2dkJRVFZxLWJUNXVHbHBxTkMtTmlMNzVfY0hYYTA?oc=5) · The Business Journals
- 2026-02-09 [15 most recent bank failures - American Banker](https://news.google.com/rss/articles/CBMickFVX3lxTE9OU0FZMFVvZ2QtYXVOTWpCa3djUGxETDEzbzlFTWhobUpfVnZMdWlDWmswQzNrOEIzc0ZDWVM3cnFTV1ZXTlRMamp2V25jM0ppMTBYM3BEZFM3OFI4bnIyaFlBSlQtT2NNa0RxMURCZ3JaQQ?oc=5) · American Banker
- 2025-10-21 [First Independence Bank Chairman and CEO Kenneth Kelly Elected as New ABA Chair - American Bankers Association (ABA)](https://news.google.com/rss/articles/CBMif0FVX3lxTE8xWk5CbkNRLUxJN2o3RWJVblJ5cVVEc0QtTllXeXowNXY1clZ4X2N6Zm9FcTMwZ0M5MUh5NjhlWDZ5TFdwVEpYMWtTYl9ITVl6WVFVWWpZMWNqVU9HNVBEMGJ3aXlVSTVXRno3eWRndzFXTXR5bjNqdU1lM3lDcFE?oc=5) · American Bankers Association (ABA)
- 2022-04-26 [First Independence Bank Hosts Twin Cities Branch Grand Opening, Communitywide Celebration - PR Newswire](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPamMxY0lrRngyaWZFVEVzSWdWazV1MDFLLXdhQVI0VmhFRzVxNWVOYjVJMG1aUUhILUwtV0hQa0F2Z2VER0dpY01kTnVEdEZwRDh1R3hYeTJFMXd3MURDcW9XLVZERWlGYkFUUFMzOEpoOHlUQWRaMlRXS0JSY1lfYXRIbnZxblk5eXBlZE9fWURVMmh2dW5VQUtFb0FMZWJlN2tlN3kzeGpHUENRLVZKdmUxOXdRODBaV2tQN1RJd01YSVhHaVVMRGdyc1VBTUUzSWFIUDYtdDBUVXpK?oc=5) · PR Newswire
- 2022-04-26 [First Black-owned bank now officially open in Twin Cities - kare11.com](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOQ2dnVWl5V0NGeWVhSFdaT1hNN2plZlN2V2E3ZTFzQzI5Ym8welhaVXVCakEzWHFPTjVWMHdNeTNsc3ZfUUNBYWZkcGlhX3NCcFMzVDh3UHdHUzNiWmpiS2tJSlEyeHJrZTRrbm5pbTZwRW1lNDZhZ1Z6MzZtREFVYXc1OEZKMVg0VEc4Z0trNi1vd0NtMnMxUHI5NTRRMFZDTVAycE5xNlNJRi1Kd1EySXpraTRabnRaVURXbW85VXc2SUhaUkJOQjRSU0FUM3BfLVMtUmVnTEM3RUlQcWo3WTdudjlRdjlRUDUzb2Job19SS2pLMUNIMg?oc=5) · kare11.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57688 (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/24.json (key "57688", 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