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Independence Bank of Kentucky, Financial Information

AboutIndependence Bank of Kentucky

 Address:
2425 Frederica Street
Owensboro,KY
Daviess County,Kentucky
 Established:
Jan 1909
 Number of domestic offices:
26
Total assets$2,943M
Net income$43M
Net income,quarterly$11M
Total deposits$2,497M
Domestic deposits$2,497M
Equity capital$234M
ROA1.55%
ROAQ,quarterly1.49%
ROA,pretax1.49%
ROAQ,quarterly,pretax1.49%
ROE19.27%
ROEQ,quarterly18.77%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Independence Bank’s charter can be traced back to 1909, when Farmers & Merchants Bank opened in McLean County, Kentucky. The modern-day history of the bank began in 1971 when Charles A. Reid and Maurice E. Reisz purchased Farmers & Merchants Bank in McLean County and Providence State Bank in Webster County.

In 1997, the two small banks were incorporated under one name, Independence Bank. With the new name, the bank began a rapid expansion into surrounding communities in Western Kentucky. First to Henderson and Owensboro, then over the next few years to Sebree, Beech Grove, Hawesville, Lewisport, Bowling Green and Paducah.

Today, Independence Bank continues to break new ground with innovative financial products. For your personal needs, Independence Bank of Kentucky offers free checking and free savings, as well as the convenience of online banking. For businesses, the bank also offers online banking, business checking and a range of business or agriculture loans.

Owensboro
Independence Square 2425 Frederica St., 270-686-1776
Parrish Ave. 2465 Parrish Ave., 270-689-1696
Highway 54 3228 Hwy. 54, 270-689-1979

Historical Data