← The catalogue
Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Kentucky, the state note

Independence Bank of Kentucky

Owensboro, Kentucky · $3.83B in assets · beside the 11 other the South Central states banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

70.5%
Loans / deposits
2nd of 12
0.12%
NPA / loans
2nd of 12
9.0x
Coverage of noncurrent
2nd of 12

Independence Bank of Kentucky is the sixth largest of the 12 the South Central states banks nearest its size between $3B and $10B, with $3.83B in assets at 30 June 2026. Loans are 70.5% of deposits, 2nd of 12 against a median of 83.4%, and equity is 8.3% of assets, 10th of 12. Loans grew +1.1% in the year, 9th of 12, and deposits fell 4.4%; the cohort's median loan growth is +6.9%.

Noncurrent loans are 0.12% of the book, 2nd of 12 against a median of 0.56%; 0.02% is 30 to 89 days past due, and the allowance covers them 9.0 times. Commercial real estate is 26.4% of loans, 4th of 12 against a median of 30.3%, and 160% of capital, below the 300% screen, with construction at 34% against the 100% screen.

Return on assets is 1.14%, 7th of 12 against a median of 1.16%, on an efficiency ratio of 64.1%, 6th of 12. Five years ago it was 1.61%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsSouth Central states banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 83.4% FG First Guaranty Bank 50.9% IB Independence Bank of Kentucky 70.5% RR Red River Bank 77.8% BF Bankfirst Financial Services 80.3% EB Encore Bank 81.2% RB River Bank & Trust 81.6% GC Gulf Coast Bank & Trust Co. 85.2% HB Home Bank National Association 90.3% IB Investar Bank National Association 95.2% CB Central Bank & Trust Co. 96.6% SB Southeast Bank 96.6% FC First Community Bank 102.8%
Loans, year over yearSouth Central states banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +6.9% IB Investar Bank National Association +45.3% BF Bankfirst Financial Services +23.9% FC First Community Bank +12.4% GC Gulf Coast Bank & Trust Co. +11.4% RB River Bank & Trust +11.3% SB Southeast Bank +8.0% RR Red River Bank +5.7% CB Central Bank & Trust Co. +5.3% IB Independence Bank of Kentucky +1.1% HB Home Bank National Association +0.5% EB Encore Bank -6.9% FG First Guaranty Bank -26.8%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers, Independence Bank of Kentucky among them; owner-occupied excluded; bold marks a screen met
Independence Bank of KentuckyRankCohort median
Total CRE against capital, the 300% screen160%3rd of 12213%
Construction against capital, the 100% screen34%2nd of 1260%
Construction and land development, share of loans5.6%2nd of 129.3%
Non-owner-occupied nonfarm nonresidential, share of loans16.0%6th of 1216.4%
Total CRE, the guidance definition, share of loans26.4%4th of 1230.3%
CRE growth over 36 months, the third prong+33.7%9th of 12+25.6%
Commercial real estate against capital, the 300% screenSouth Central states banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 213% RR Red River Bank 155% RB River Bank & Trust 159% IB Independence Bank of Kentucky 160% GC Gulf Coast Bank & Trust Co. 175% IB Investar Bank National Association 204% HB Home Bank National Association 208% BF Bankfirst Financial Services 219% SB Southeast Bank 231% FG First Guaranty Bank 235% FC First Community Bank 257% CB Central Bank & Trust Co. 261% EB Encore Bank 291%
CRE growth over 36 months, the guidance's third prongSouth Central states banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median +25.6% FG First Guaranty Bank -36.3% EB Encore Bank -15.0% HB Home Bank National Association -3.5% IB Investar Bank National Association +13.5% RB River Bank & Trust +22.1% RR Red River Bank +23.4% BF Bankfirst Financial Services +27.8% FC First Community Bank +30.9% IB Independence Bank of Kentucky +33.7% CB Central Bank & Trust Co. +51.7% GC Gulf Coast Bank & Trust Co. +69.2% SB Southeast Bank +70.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
River Bank & Trust$4.02B1.5%47.4%0.48%0.02%1.4%81.6%8.8%
Central Bank & Trust Co.$4.01B1.3%69.7%0.21%-0.03%1.0%96.6%12.5%
First Guaranty Bank$3.89B0.4%68.9%2.30%1.33%1.9%50.9%6.7%
Gulf Coast Bank & Trust Co.$3.86B1.1%74.0%1.60%0.42%1.8%85.2%8.4%
Investar Bank National Association$3.85B1.2%63.3%0.63%0.02%1.2%95.2%11.5%
Independence Bank of Kentucky$3.83B1.1%64.1%0.12%0.00%1.0%70.5%8.3%
Encore Bank$3.70B0.4%85.2%0.17%0.14%1.3%81.2%8.4%
First Community Bank$3.63B1.3%56.2%0.31%0.14%1.0%102.8%7.8%
Home Bank National Association$3.60B1.4%59.3%0.95%0.06%1.2%90.3%13.6%
Southeast Bank$3.58B0.7%71.4%2.66%0.09%0.6%96.6%8.6%
Red River Bank$3.31B1.5%53.7%0.11%0.01%1.1%77.8%11.3%
Bankfirst Financial Services$3.31B1.1%65.3%0.77%0.10%1.3%80.3%13.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Independence Bank of KentuckyCohort median
20212026Change20212026Change
Loans$1.56B$2.13B+37%$1.74B$2.80B+61%
Deposits$2.64B$3.02B+14%$2.30B$3.17B+38%
NPA / loans0.11%0.12%+0.00 pts0.65%0.56%-0.09 pts
Efficiency54.5%64.1%+9.5 pts63.8%64.7%+1.0 pts
ROA1.61%1.14%-0.47 pts1.09%1.16%+0.07 pts

This read was prepared for Independence Bank of Kentucky's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Independence Bank of Kentucky is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort South Central states banks $3B to $10B
Institution www.1776bank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
← Back to the catalogue