Major Rating Factors:
Very Weak current capitalization (0.3 on a scale of 0 to 10) based on a risk-based capital ratio of 13.2 and a capital leverage ratio of 8.6. Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.6 has resulted in Fair (3.3) profitability.
Other Rating Factors:
Weak liquidity 1.4, driven by a liquidity ratio of 10.0 percent and a “hot money” ratio of 10.0 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix:
Securities (32%), comm re (17%), home mtgs (15%), comm loans (4%), cash (3%), home eq lns (3%), consumer loans (0%), other (26%)
States with Branches:
KY
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Independence Bancshares, Inc.
Investment Rating
--
Address
2425 Frederica Street
Owensboro, KY 42301
Owensboro, KY 42301
Phone Number
(270) 686-1776
Year Founded
1909
FDIC Number
Website
Largest Affiliates
No affiliate information available.