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BankHealth

INDEPENDENT CORRESPONDENT BA

FRANKFORT, KENTUCKY · FDIC Cert #27219

A
Health Score
95/100
$145M
Total Assets
$57M
Total Deposits
20.79%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, INDEPENDENT CORRESPONDENT BA holds a Tier 1 capital ratio of 20.79%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning INDEPENDENT CORRESPONDENT BA has a strong buffer to absorb potential losses.

Key Financial Metrics

0.00%
Nonperforming Loans
Low — healthy loan portfolio
43.46%
Liquidity Ratio
Strong — can meet withdrawal demands
0.75%
Return on Assets
Low profitability
$57M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

INDEPENDENT CORRESPONDENT BA shows strong financial health indicators. With $145M in assets and a Health Score of 95/100, 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

INDEPENDENT CORRESPONDENT BA has a Bank Health Score of A (95/100). It holds a Tier 1 capital ratio of 20.79%, 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.

INDEPENDENT CORRESPONDENT BA holds $145M in total assets and $57M in total deposits. It is located in FRANKFORT, KENTUCKY (FDIC Certificate #27219).

INDEPENDENT CORRESPONDENT BA has a Tier 1 capital ratio of 20.79%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.00%, and the return on assets is 0.75%.

Yes. INDEPENDENT CORRESPONDENT BA is FDIC-insured (Certificate #27219). 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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