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Independence Bank of Kentucky

Owensboro, KY · Cert 8136 · Independence Bancshares Inc.

State charter, Fed member · FED · 26 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

4

Q2 2024Q2 2026peer median (50)

Asset Quality

90

Q2 2024Q2 2026peer median (50)

Profitability

23

Q2 2024Q2 2026peer median (50)

Liquidity

25

Q2 2024Q2 2026peer median

Efficiency

35

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Independence Bank of Kentucky

Owensboro, KY · Cert 8136 · Independence Bancshares Inc.

State charter, Fed member · FED · 26 branches

Q2 2026

$3.8BAssets
$2.1BLoans
$3.0BDeposits
$318.8MEquity
Loan mix
92%RE $1.8B8%C&I $0.2B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $2.5B17%Noninterest $0.5BQ3 2024Q2 2026

Market Position · Owensboro, KY · 2026 SOD (annual) · 33.8% share · #1 of 14 inst. · $1.1B of $3.3B

34.3% Daviess
7.8% Warren
11.5% McCracken
0.8% Jefferson

Executive Summary

  • Earnings: ROA of 0.88%, up 34 bps year over year; NIM at 2.52%.
  • Asset quality: problem loans at 0.12% of loans (-1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.35%, up 80 bps from a year ago.
  • Funding: loans stand at 70.52% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.88%+34 bps YoY

Net Interest Margin (YTD, annualized)

2.52%+45 bps YoY

Efficiency Ratio (YTD, annualized)

64.08%-869 bps YoY

Tier 1 Leverage Ratio

9.35%+80 bps YoY

NIM

4.32%Q2 ’244.40%Q2 ’254.51%Q2 ’26+25%+22%

Non-interest income vs. expense

1.85%Q2 ’241.93%Q2 ’252.05%Q2 ’26+51%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.44%0.45%0.52%0.54%0.57%0.63%0.87%0.88%+34 bps
Return on Equity6.63%6.49%6.88%7.24%7.59%8.25%10.78%10.80%+357 bps
Net Interest Margin1.67%1.74%2.04%2.07%2.18%2.23%2.49%2.52%+45 bps
Efficiency Ratio74.50%74.38%74.63%72.77%71.35%68.97%64.40%64.08%-869 bps
Non-Interest Burden1.03%1.10%1.38%1.35%1.38%1.35%1.37%1.37%+2 bps
Growth
Asset Growth (YoY)2.02%0.58%2.33%2.77%2.11%1.28%-0.20%0.12%-265 bps
Loan Growth (YoY)3.92%2.71%5.83%4.96%4.71%2.04%-1.13%1.07%-388 bps
Deposit Growth (YoY)-2.95%-1.18%6.39%7.49%10.03%0.79%-4.22%-4.41%-1,190 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.13%0.12%0.13%0.21%0.18%0.21%0.12%-1 bps
Net Charge-Offs / Loans0.18%0.14%0.00%0.01%0.01%0.03%0.00%0.00%-1 bps
Allowance / Loans0.91%0.93%0.93%0.95%0.99%1.04%1.06%1.04%+8 bps
Allowance Coverage of NPLs7.3x7.3x7.6x7.5x4.7x5.8x5.1x9.0x+1.4x
Capital
Tier 1 Leverage Ratio8.54%8.60%8.60%8.55%8.85%8.92%9.21%9.35%+80 bps
Total Risk-Based Capital13.38%13.24%13.23%13.43%13.42%13.87%9.21%9.35%-408 bps
Equity / Assets7.46%7.56%7.51%7.48%7.76%7.99%8.15%8.33%+85 bps
Liquidity & Funding
Loans / Deposits67.90%65.63%64.34%66.70%64.61%66.44%66.42%70.52%+383 bps
Liquid Assets / Assets35.09%33.99%34.47%34.71%34.14%34.36%35.23%33.73%-98 bps
CRE / Total Capitaln/an/an/an/a249%242%239%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Independence Bank of Kentucky

Owensboro, KY · Cert 8136 · Peer group: banks $1B-$10B in assets (n=322-328) · Independence Bancshares Inc.

State charter, Fed member · FED · 26 branches

Q2 2026

$3.8BAssets
$2.1BLoans
$3.0BDeposits
$318.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 93% of banks $1B-$10B in assets (rank 26 of 322).
  • Widest gap: total risk-based capital ratio trails 99% of banks $1B-$10B in assets (rank 324 of 328).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.88%

Rank 254 of 328

Net Interest Margin

2.52%

Rank 311 of 328

Efficiency Ratio

64.08%

Rank 215 of 328

Equity / Assets

8.33%

Rank 298 of 328

Non-interest income vs. expense

$25.3M$76.8MINCOMEEXPENSE
Unfavorable gap of $51.5M · efficiency ratio beats 35% of banks $1B-$10B in assets
Bank 64.08%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.88%0.91%1.22%1.52%Beats 23%254 / 328
Return on Equity10.52%8.43%11.45%14.43%Beats 41%194 / 328
Net Interest Margin2.52%3.03%3.45%3.83%Beats 5%311 / 328
Efficiency Ratio64.08%51.61%59.56%67.53%Beats 35%215 / 328
Asset Quality
Nonperforming Loans / Loans0.12%0.24%0.51%1.03%Beats 86%46 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 93%26 / 322
Capital
Tier 1 Capital Ratio9.35%11.75%13.15%15.47%Beats 2%323 / 328
Total Risk-Based Capital Ratio9.35%12.63%14.15%16.46%Beats 1%324 / 328
Equity / Assets8.33%9.15%10.33%12.01%Beats 9%298 / 328
Liquidity & Funding
Loans / Deposits70.52%76.63%87.92%95.36%16th pctl272 / 323
Loans / Assets55.61%65.18%74.15%79.98%13th pctl287 / 328
Brokered Deposits / Depositsn/aNot reported for this institution