Independence Bank of Kentucky
Owensboro, Kentucky, Daviess County
$3.8B in total assets, the 357th largest of 4,309 US banks and 5th of 120 headquartered in Kentucky.
- FDIC certificate
- 8136
- Established
- 1909
- Owned by
- Independence Bancshares Inc
- Primary regulator
- FED
- Website
- www.1776bank.com
At a glance
Compared with 15 banks headquartered in Kentucky with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.8B | 80% | $1.9B | |
| Loans | $2.1B | 80% | $1.1B | |
| Deposits | $3.0B | 80% | $1.6B | |
| Return on assets | 1.01% | 13% | 1.32% | |
| Net interest margin | 2.59% | 2% | 3.83% | |
| Efficiency ratio | 64.1% | 73% | 54.6% | |
| Equity to assets | 8.33% | 13% | 10.28% | |
| Loans to deposits | 71% | 13% | 84% |
Growth
Total assets grew 4.7% a year over the last 5 years and 7.1% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 1998 | Independence Bank Henderson, KY | $44M |
Where they operate
26 branches in 15 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Daviess County, KY | $1.0B | 34.3% | 1 of 12 |
| Warren County, KY | $311M | 7.8% | 4 of 22 |
| Mccracken County, KY | $261M | 11.5% | 5 of 10 |
| Jefferson County, KY | $254M | 0.8% | 13 of 28 |
| Henderson County, KY | $218M | 18.7% | 2 of 8 |
| Franklin County, KY | $136M | 11.3% | 3 of 13 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (20 to 26, +30.0%). 10 opened, 0 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 20 | |||
| 2016 | Opened Louisville and Mayfield | 2 | 0 | +2 | 22 |
| 2017 | Opened Madisonville and Murray | 2 | 0 | +2 | 24 |
| 2018 | Opened Frankfort and LouisvilleClosed Louisville | 2 | 1 | +1 | 25 |
| 2021 | Opened Louisville | 1 | 0 | +1 | 26 |
| 2022 | Opened Lexington and Shelbyville | 2 | 0 | +2 | 28 |
| 2023 | Opened RussellvilleClosed Bowling Green and Henderson | 1 | 2 | −1 | 27 |
| 2024 | Closed Louisville | 0 | 1 | −1 | 26 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 32% | 32% | |
| Commercial real estate | 30% | 30% | |
| Farmland | 13% | 4% | |
| Agricultural | 7% | 1% | |
| Business (C&I) | 7% | 10% | |
| Construction and land | 6% | 9% | |
| Multifamily | 5% | 7% | |
| Consumer | 0% | 5% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 68% | 54% | |
| Noninterest-bearing | 17% | 22% | |
| Time deposits | 15% | 23% |
Brokered deposits are 1.2% of deposits (peers 2.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.12% | 0.30% |
| Net charge-offs, annualized | 0.00% | 0.02% |
| Reserves to loans | 1.04% | 1.19% |
| Leverage ratio | 9.35% | 10.85% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Kentucky
Largest competitors in Daviess County, KY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/independence-kentucky