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BankHealth

INDEPENDENCE BANK OF KY

OWENSBORO, KENTUCKY · FDIC Cert #8136

A
Health Score
84/100
$3.7B
Total Assets
$2.9B
Total Deposits
11.41%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, INDEPENDENCE BANK OF KY holds a Tier 1 capital ratio of 11.41%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning INDEPENDENCE BANK OF KY has a strong buffer to absorb potential losses.

Key Financial Metrics

0.10%
Nonperforming Loans
Low — healthy loan portfolio
42.70%
Liquidity Ratio
Strong — can meet withdrawal demands
0.65%
Return on Assets
Low profitability
$2.9B
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

INDEPENDENCE BANK OF KY shows strong financial health indicators. With $3.7B in assets and a Health Score of 84/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.

Frequently Asked Questions

INDEPENDENCE BANK OF KY has a Bank Health Score of A (84/100). It holds a Tier 1 capital ratio of 11.41%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.

INDEPENDENCE BANK OF KY holds $3.7B in total assets and $2.9B in total deposits. It is located in OWENSBORO, KENTUCKY (FDIC Certificate #8136).

INDEPENDENCE BANK OF KY has a Tier 1 capital ratio of 11.41%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.10%, and the return on assets is 0.65%.

Yes. INDEPENDENCE BANK OF KY is FDIC-insured (Certificate #8136). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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