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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 $0.0BQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $2.5B17%Noninterest $0.5BQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.54%0.57%0.63%0.87%0.88%+34 bps
Return on Equity7.24%7.59%8.25%10.78%10.80%+357 bps
Net Interest Margin2.07%2.18%2.23%2.49%2.52%+45 bps
Efficiency Ratio72.77%71.35%68.97%64.40%64.08%-869 bps
Non-Interest Burden1.35%1.38%1.35%1.37%1.37%+2 bps
Growth
Asset Growth (YoY)2.77%2.11%1.28%-0.20%0.12%-265 bps
Loan Growth (YoY)4.96%4.71%2.04%-1.13%1.07%-388 bps
Deposit Growth (YoY)7.49%10.03%0.79%-4.22%-4.41%-1,190 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.21%0.18%0.21%0.12%-1 bps
Net Charge-Offs / Loans0.01%0.01%0.03%0.00%0.00%-1 bps
Allowance / Loans0.95%0.99%1.04%1.06%1.04%+8 bps
Allowance Coverage of NPLs7.5x4.7x5.8x5.1x9.0x+1.4x
Capital
Tier 1 Leverage Ratio8.55%8.85%8.92%9.21%9.35%+80 bps
Total Risk-Based Capital13.43%13.42%13.87%9.21%9.35%-408 bps
Equity / Assets7.48%7.76%7.99%8.15%8.33%+85 bps
Liquidity & Funding
Loans / Deposits66.70%64.61%66.44%66.42%70.52%+383 bps
Liquid Assets / Assets34.71%34.14%34.36%35.23%33.73%-98 bps
CRE / Total Capitaln/a249%242%239%n/an/a