# INDEPENDENCE NATIONAL BANK
GREENVILLE, SC · FDIC certificate 57951 · asset band <$300M · latest filing 2017-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $82.4M | |
| Deposits | $74.8M | |
| Loans and leases | $54.5M | |
| Total equity | $7.4M | |
| Loans / deposits | 71.15% (p42 of band) | 75.88% |
| Liquid assets / assets | 27.70% (p44 of band) | |
| Uninsured deposits / deposits | 14.14% (p45 of band) | 15.42% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.10% (p38 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.77% (p13 of band) | 10.88% |
| Unrealized securities loss / equity | -1.50% (p34 of band) | -0.66% |
| AOCI / equity | -1.39% (p3 of band) | |
| ROA (annualized) | -1.05% (p2 of band) | 0.85% |
| Net interest margin | 4.20% (p77 of band) | 3.74% |
| Efficiency ratio | 122.20% (p98 of band) | |
| Noncurrent loans | 1.13% (p69 of band) | 0.56% |
| Net charge-offs (annualized) | 0.18% (p83 of band) | |
| Reserve coverage of noncurrent | 209.42% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 101.67% (p95 of band) | |
| Auto loans | $237,000 (0.43% of loans; DQ 11.39%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -8.3% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 8 |  |  |
| 2011-09 | 8 |  |  |
| 2011-12 | 6 |  | brokered >10%, wholesale funding >15% |
| 2012-03 | 5 | deposits shrinking, assets shrinking | losing money, expense ratio p90, charge-offs p90 |
| 2012-06 | 3 |  | deposits shrinking, assets shrinking |
| 2012-09 | 6 | capital falling, losing money, expense ratio p90 |  |
| 2012-12 | 5 |  | capital falling |
| 2013-03 | 4 |  | noncurrent p90 |
| 2013-06 | 4 | capital falling | reserve under noncurrent |
| 2013-09 | 4 | assets shrinking | capital falling |
| 2013-12 | 4 | deposits shrinking | construction >100% equity |
| 2014-03 | 2 |  | losing money, expense ratio p90 |
| 2014-06 | 2 |  |  |
| 2014-09 | 1 |  | assets shrinking |
| 2014-12 | 2 | uninsured deposits leaving |  |
| 2015-03 | 2 | losing money, expense ratio p90 | deposits shrinking, uninsured deposits leaving |
| 2015-06 | 2 |  |  |
| 2015-09 | 5 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2015-12 | 3 |  | capital falling, noncurrent p90 |
| 2016-03 | 2 |  | losing money |
| 2016-06 | 6 | losing money, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2016-09 | 6 | capital falling | uninsured deposits leaving |
| 2016-12 | 5 |  | charge-offs p90 |
| 2017-03 | 5 | charge-offs p90, construction >100% equity | deposits shrinking, assets shrinking |
| 2017-06 | 5 | deposits shrinking | construction >100% equity |
| 2017-09 | 5 | assets shrinking | charge-offs p90 |
| 2017-12 | 6 | construction >100% equity, uninsured deposits leaving | capital falling |

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

- 2011-11-06 [Mary Zabriskie Obituary Nov 6, 2011 - floydmortuary.com](https://news.google.com/rss/articles/CBMiZkFVX3lxTE5hM2hEOEdpMThGVTNHRkt1LTluLUIwcVV0eW9zTkVrd0tMZkxCekE4ZC1ucTBXZTV0bldNRHJkY2U5WkhteE56QVJpTktublpwTkdMY1hNMmJ6bzdHTmJmdGdNREhSUQ?oc=5) · floydmortuary.com
- 2013-02-04 [James D King Sr. Obituary - Visitation & Funeral Information - Howze Mort](https://news.google.com/rss/articles/CBMia0FVX3lxTE5CeDFoend0M19OTVZFOV9GcTJlNG5SbFlKMmg4S2JQYkthQjVhR1FYNk94VVZlZzVjdmtvaUhPTmliUjlMWk04QXpKV2hvTWw3MDBaazFzaTZ1bllPU2JUNlB4WmFPMm9mYko4?oc=5) · Howze Mort
- 2009-02-18 [Prince receives ATHENA award - GoUpstate](https://news.google.com/rss/articles/CBMikwFBVV95cUxQNUxHbW1zMXVldzl6TTVsSklqSDlud2FqbURVT2RYZXRaT0RjWjdGT2x4ampsek42OUtmUzBaTDZ4ZXgySXhWdENJNGc3SnpiMUk2cGFpcllqLVQ1LXFybVh2OWRHSmQxcDhiLW9wZFNaeHd6SjFHcHlHN2VQUFdvSF9wN3N2NWVLNHhhQzg2UXY4OEU?oc=5) · GoUpstate

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57951 (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/31.json (key "57951", 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