Major Rating Factors:
Very Weak current capitalization (0.7 on a scale of 0 to 10) and a capital leverage ratio of 9.2. Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 1.1 has resulted in Fair (3.8) profitability.
Other Rating Factors:
Weak liquidity 1.9, driven by a liquidity ratio of 11.0 percent and a “hot money” ratio of 11.3 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.4 on a scale of 0 to 10).
Asset Mix:
Securities (32%), comm re (16%), home mtgs (15%), cash (5%), comm loans (4%), home eq lns (3%), consumer loans (0%), other (25%)
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.