TellerScore

Headquartered in Owensboro, Kentucky, Independence Bank of Kentucky is a state-chartered bank (fed member) with $3.8B in total assets and $3.0B in deposits as of Q2 2026. It operates 26 offices. Its charter dates back to 1909.

Based on its Q2 2026 filing, Independence Bank of Kentucky scores 69/100, which we describe as moderate. That is higher than 53% of 897 banks with $1 billion – $10 billion. Among 120 banks headquartered in Kentucky, it ranks 74th. Its strongest component is problem-loan coverage (99/100; 0.7%), and its lowest is capital cushion (44/100; 9.35%).

TellerScore · Q2 2026

Scorecard

Capital cushion44/100
Tier 1 leverage ratio: 9.35%
Loan quality96/100
Noncurrent loans ÷ total loans: 0.12%
Earnings65/100
Return on assets (annualized): 1.12%
Funding & liquidity61/100
Loans ÷ deposits and uninsured-deposit share: 69.8% · 41.2% uninsured
Problem-loan coverage99/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.74%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 5 points (64 → 69), mostly because the earnings component improved by 17 points.

TellerScore
626669Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202462
Q3 202463
Q4 202464
Q1 202564
Q2 202564
Q3 202565
Q4 202565
Q1 202668
Q2 202669
Tier 1 leverage ratio
5.00%7.18%9.35%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20247.68%
Q3 20248.54%
Q4 20248.60%
Q1 20258.60%
Q2 20258.55%
Q3 20258.85%
Q4 20258.92%
Q1 20269.21%
Q2 20269.35%
Noncurrent loans
0.10%0.15%0.21%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.10%
Q3 20240.12%
Q4 20240.13%
Q1 20250.12%
Q2 20250.13%
Q3 20250.21%
Q4 20250.18%
Q1 20260.21%
Q2 20260.12%
Return on assets
0.56%0.84%1.12%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.65%
Q3 20240.56%
Q4 20240.56%
Q1 20250.66%
Q2 20250.69%
Q3 20250.73%
Q4 20250.80%
Q1 20261.11%
Q2 20261.12%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202669$3.8B9.35%0.12%1.12%69.8%
Q1 202668$3.8B9.21%0.21%1.11%65.7%
Q4 202565$3.8B8.92%0.18%0.80%65.8%
Q3 202565$3.8B8.85%0.21%0.73%64.0%
Q2 202564$3.8B8.55%0.13%0.69%66.1%
Q1 202564$3.8B8.60%0.12%0.66%63.7%
Q4 202464$3.7B8.60%0.13%0.56%65.0%
Q3 202463$3.7B8.54%0.12%0.56%67.3%
Q2 202462$3.7B7.68%0.10%0.65%67.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio9.35%
20th
Total risk-based capital0.00%
13th
Problem loans0.12%
85th
Net charge-offs0.00%
79th
Return on assets1.12%
40th
Net interest margin2.59%
6th
Efficiency ratio64.1%
34th
Loans to deposits69.8%
85th
Uninsured deposits41.2%
23rd
Loan-loss reserves1.04%
36th
Texas ratio0.7%
87th

Similar-size banks in Kentucky

InstitutionScoreAssetsCapitalProblem loansCompare
Central Bank & Trust Co.Bank Lexington, KY76 out of 100, Strong$4.0B12.4%0.21%vs
Traditional Bank, Inc.Bank Mount Sterling, KY73 out of 100, Strong$2.4B10.6%0.25%vs
South Central Bank, Inc.Bank Glasgow, KY72 out of 100, Strong$2.3B9.9%0.30%vs
Heritage Bank, Inc.Bank Burlington, KY65 out of 100, Moderate$2.0B9.0%0.47%vs
Planters Bank, Inc.Bank Hopkinsville, KY77 out of 100, Strong$2.0B12.4%0.11%vs
Whitaker BankBank Lexington, KY84 out of 100, Strong$1.9B12.9%0.21%vs

Deposit insurance

Is my money safe at Independence Bank of Kentucky?

Yes. Independence Bank of Kentucky is an FDIC-insured institution (FDIC certificate #8136). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 41.2% of deposits ($1.2B) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.35%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

26 locations

Branches

Independence Bank of Kentucky lists 26 offices in 17 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Independence Bank of Kentucky
Former names
Farmers and Merchants Bank
Type
State-chartered bank (Fed member)
FDIC certificate #
8136
RSSD ID
648242
Primary regulator
FED
Holding company
Independence Bancshares Inc
Established
January 1, 1909
Headquarters
2425 Frederica St, Owensboro, KY 42301
Employees
412

Quick answers

Independence Bank of Kentucky: common questions

Is Independence Bank of Kentucky FDIC insured?

Yes. Independence Bank of Kentucky is an FDIC-insured institution (FDIC certificate #8136). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Independence Bank of Kentucky's TellerScore?

69 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Independence Bank of Kentucky ever failed?

There is no failure record for FDIC certificate #8136 in the FDIC failed bank list.

How many branches does Independence Bank of Kentucky have?

26 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Owensboro

InstitutionScoreAssetsCapitalProblem loansCompare
Green River Area Federal Credit UnionCredit union Owensboro, KY89 out of 100, Very strong$60.3M20.7%0.53%vs
Owensboro Federal Credit UnionCredit union Owensboro, KY88 out of 100, Very strong$88.3M14.2%0.26%vs
Commonwealth Community Bank, Inc.Bank Hartford, KY83 out of 100, Strong$157.7M14.7%0.24%vs
Daviess County Teachers Federal Credit UnionCredit union Owensboro, KY82 out of 100, Strong$75.3M12.5%0.49%vs
Freedom BankBank Huntingburg, IN82 out of 100, Strong$585.7M12.6%0.23%vs
Diamond Valley Federal Credit UnionCredit union Evansville, IN78 out of 100, Strong$178.8M12.9%0.72%vs