Independence Bank: how it compares with its peers
Against 71 OH banks with half to twice its assets, Independence Bank's strongest measure in Q2 2026 is assets per employee ($10.6M vs. a $5.8M peer median). Its weakest relative measure is net interest margin (3.22% vs. 3.74%).
| Measure | Independence Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.87% | 0.79% | Middle third Ahead of 51% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.22% | 3.74% | Bottom third Ahead of 27% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.68% | 73.83% | Top third Ahead of 75% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.6M | $5.8M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 62.10% | 82.45% | Context |
What it means for lending operations
Its efficiency ratio of 62.68% is better than the 73.83% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- The Cincinnatus Savings & Loan Co. Cincinnati, OH · $193M
- The Peoples Savings Bank Urbana, OH · $189M
- Farmers State Bank West Salem, OH · $188M
- Valley Central Bank Liberty Township, OH · $187M
- The First National Bank of Waverly Waverly, OH · $196M
- Citizens Federal Savings and Loan Association Bellefontaine, OH · $186M
Questions about Independence Bank
How big is Independence Bank?
Independence Bank, established in 1979, is headquartered in Independence, OH. It reported $191M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Independence Bank's return on assets?
0.87% annualized in Q2 2026, against a 0.79% median for 71 OH banks with half to twice its assets, ahead of 51% of them.
What is Independence Bank's efficiency ratio?
62.68% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 73.83%, and lower is better.
Is Independence Bank growing its loans?
Net loans shrank 9.1% over the year to Q2 2026, while deposits grew 4.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are OH banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Ohio bank ranked.