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Independence Bank of Kentucky

$1B-$10B Specialty: Commercial KY FDIC cert 8136

Designations: ✓ Community bank

Owensboro, KY

26 branches across KY

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 16 in KY.
  • Deposits -4.4% year over year ($3.0B on the books).
  • Delinquency rate 0.12%.
  • Return on assets 1.12%.
  • Efficiency ratio 64.08% vs a 59.73% peer average.
  • Loan-to-deposit ratio 69.79% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 16 in KY
View $1B-$10B leaderboard (KY) →

Independence Bank of Kentucky has 1 strength but faces 5 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Credit Quality Leader: Top 34.8% in tier

Key Concerns

Areas that may need attention

  • - Capital Thin: Bottom 4.5% in tier
  • - Flatlined Growth: Bottom 41.4% in tier
  • - Net Interest Margin 1.28% below tier average
  • - ROA 0.27% below tier average
  • - Efficiency Ratio 4.36% above tier average
Get updates when Independence Bank of Kentucky releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
Total Assets ? $3.8B
+0.1% YoY +0.9% QoQ
+$1.0B $2.8B
-0.6% YoY
$707.7M
+4.5% YoY
$6.3B
+7.7% YoY
79%
Total Loans ? $2.1B
+1.0% YoY +3.0% QoQ
+$142.6M $2.0B
-0.3% YoY
$500.8M
+5.4% YoY
$3.2B
+9.4% YoY
70%
Total Deposits ? $3.0B
-4.4% YoY -3.0% QoQ
+$698.4M $2.3B
-0.5% YoY
$593.9M
+4.1% YoY
$4.9B
+7.3% YoY
78%
Return on Assets ? 1.12%
+62.3% YoY +1.4% QoQ
-0.27% 1.39%
+17.0% YoY
1.28%
+12.5% YoY
1.30%
+12.1% YoY
39%
Net Interest Margin ? 2.59%
+16.7% YoY +0.9% QoQ
-1.28% 3.87%
+6.2% YoY
3.93%
+6.2% YoY
3.95%
+4.9% YoY
Bottom 5.5% in tier
Efficiency Ratio ? 64.08%
-11.9% YoY -0.5% QoQ
+4.36% 59.73%
-12.6% YoY
64.24%
-3.9% YoY
70.05%
+2.5% YoY
34%
Delinquency Rate ? 0.12%
-8.4% YoY -44.5% QoQ
-0.75% 0.87%
+11.7% YoY
0.91%
+20.0% YoY
0.98%
+16.3% YoY
Top 13.9% in tier
Loan-to-Deposit Ratio ? 69.79%
+5.6% YoY +6.2% QoQ
-15.24% 85.04%
-0.1% YoY
81.25%
+1.1% YoY
79.03%
+2.3% YoY
85%
Non-Interest-Bearing Deposit Share ? 17.33%
+11.8% YoY +6.4% QoQ
-3.94% 21.27%
-1.5% YoY
23.27%
-2.3% YoY
21.98%
-0.6% YoY
36%
Nonperforming Asset Ratio ? 0.07%
-28.2% YoY -42.9% QoQ
-0.61% 0.67%
+11.7% YoY
0.64%
+23.9% YoY
0.69%
+15.8% YoY
Top 10.6% in tier
Tier 1 Capital Ratio ? 9.35%
-26.1% YoY +1.6% QoQ
-5.49% 14.84%
-0.4% YoY
16.76%
+11.6% YoY
17.09%
+0.8% YoY
Bottom 1.6% in tier
Non-Interest Income / Assets ? 0.33%
+13.6% YoY +105.8% QoQ
-0.20% 0.53%
+2.5% YoY
0.31%
+0.1% YoY
0.66%
+5.2% YoY
58%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
Noninterest-Bearing 17.3%
+1.8pp YoY
+1.0pp QoQ
 -4.0pp 21.4% 23.5% 22.2% 36%
Brokered Deposits 1.2%
-5.1pp YoY
+0.1pp QoQ
 -8.2pp 9.5% 5.4% 8.5% 21%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
C&I 7.1%
-1.0pp YoY
-0.3pp QoQ
 -6.9pp 14.0% 8.6% 12.5% 29%
CRE 40.4%
+0.4pp YoY
+0.1pp QoQ
 -9.6pp 50.0% 37.1% 41.4% 26%
1-4 Family 32.8%
0.0pp YoY
-1.2pp QoQ
 +6.3pp 26.4% 41.6% 31.3% 71%
Consumer 0.2%
0.0pp YoY
0.0pp QoQ
 -4.5pp 4.7% 4.8% 5.0% 21%

Capital

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
CET1 Ratio n/a n/a 15.6% 20.2% 19.7% n/a
Leverage Ratio 9.4%
+0.8pp YoY
+0.1pp QoQ
 -2.0pp 11.3% 14.0% 12.6% 19%
Total Capital Ratio n/a n/a 16.7% 21.3% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
Full-Time Employees 412
+5 (+1.2%) YoY
+8 (+2.0%) QoQ
 +98 313 105 482 78%
Assets per Employee ($) $9.3M
-1.1% YoY
-1.1% QoQ
 -$1.2M $10.5M $6.3M $8.8M 58%
Branch Count 26
0 YoY
0 QoQ
 +6 20 8 18 77%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.2% 0.3% 0.4% n/a
Nonaccrual 0.1%
0.0pp YoY
-0.1pp QoQ
 -0.7pp 0.8% 0.8% 1.0% 12%
Allowance Coverage 8.98x
+19.0% YoY
+76.5% QoQ
 -9.73x 18.71x 7.45x 20.23x 87%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
 -0.3pp 0.3% 0.1% 0.2% 16%

Profitability

Metric Current vs Tier Tier Avg State Avg (KY) National Avg Tier Percentile
ROE 13.8%
+4.6pp YoY
0.0pp QoQ
 +1.2pp 12.6% 13.3% 11.6% 64%
Cost of Funds (YTD) 2.0%
-0.4pp YoY
0.0pp QoQ
 +0.1pp 1.9% 1.7% 1.7% 61%
Net Income ($, YTD) $21.4M
+62.9% YoY
— QoQ
 +$2.1M $19.2M $5.1M $40.4M 71%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Credit Quality Leader

growth
#78 of 221 • Top 34.8% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature
Delinquency Rate: 0.12%
(Tier: 0.87%, National: 0.98%)
better than tier avg
221 of 221 Mid-Market banks match · 920 nationally
→ Stable +1 banks QoQ | QoQ rank declining

Concerns (2)

Capital Thin

risk
#11 of 222 • Bottom 4.5% in tier

Tier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.

Why this signature
Tier 1 Capital Ratio: 9.35%
(Tier: 14.84%, National: 17.09%)
worse than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable | QoQ rank declining

Flatlined Growth

risk
#68 of 162 • Bottom 41.4% in tier

Asset growth stalled (-2% to +2% YoY) despite healthy profitability (>0.25% ROA). Suggests untapped opportunity or strategic drift worth investigating.

Why this signature
Return on Assets: 1.12%
(Tier: 1.39%, National: 1.30%)
worse than tier avg
162 of 162 Mid-Market banks match · 719 nationally
→ Stable +34 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (5 metrics)

95
Nonperforming Asset Ratio
credit_quality
Value: 0.07%
Peer Median: 0.67%
#95 of 885 Top 10.6% in $1B-$10B
124
Delinquency Rate
credit_quality
Value: 0.12%
Peer Median: 0.87%
#124 of 882 Top 13.9% in $1B-$10B
134
Loan-to-Deposit Ratio
liquidity
Value: 69.79%
Peer Median: 85.04%
#134 of 885 Top 15.0% in $1B-$10B
187
Total Assets
size
Value: $3.83B
Peer Median: $2.79B
#187 of 885 Top 21.0% in $1B-$10B
200
Total Deposits
size
Value: $3.02B
Peer Median: $2.32B
#200 of 885 Top 22.5% in $1B-$10B

Top Weaknesses (2 metrics)

872
Tier 1 Capital Ratio
capital
Value: 9.35%
Peer Median: 14.84%
#872 of 885 Bottom 1.6% in $1B-$10B
837
Net Interest Margin
profitability
Value: 2.59%
Peer Median: 3.87%
#837 of 885 Bottom 5.5% in $1B-$10B
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