Independence Bank of Kentucky: how it compares with its peers
Against 8 KY banks with half to twice its assets, Independence Bank of Kentucky's strongest measure in Q2 2026 is assets per employee ($9.3M vs. a $7.6M peer median). Its weakest relative measure is net interest margin (2.59% vs. 3.82%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.12% | 1.34% | Bottom third Ahead of 13% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.59% | 3.82% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.08% | 53.13% | Bottom third Ahead of 13% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $7.6M | Top third Ahead of 88% of peers |
| Loans to deposits Net loans and leases over total deposits. | 69.79% | 87.03% | Context |
What it means for lending operations
Its efficiency ratio of 64.08% is above the 53.13% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Central Bank & Trust Co. Lexington, KY · $4.01B
- Traditional Bank, Inc. Mount Sterling, KY · $2.44B
- South Central Bank, Inc. Glasgow, KY · $2.26B
- Heritage Bank, Inc. Burlington, KY · $1.99B
- Planters Bank, Inc. Hopkinsville, KY · $1.96B
- Whitaker Bank Lexington, KY · $1.93B
Questions about Independence Bank of Kentucky
How big is Independence Bank of Kentucky?
Independence Bank of Kentucky, established in 1909, is headquartered in Owensboro, KY. It reported $3.83B in total assets in its Q2 2026 FDIC call report and operates 26 offices.
What is Independence Bank of Kentucky's return on assets?
1.12% annualized in Q2 2026, against a 1.34% median for 8 KY banks with half to twice its assets, ahead of 13% of them.
What is Independence Bank of Kentucky's efficiency ratio?
64.08% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 53.13%, and lower is better.
Is Independence Bank of Kentucky growing its loans?
Net loans grew 1.0% over the year to Q2 2026, while deposits shrank 4.4%.
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 KY 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 Kentucky bank ranked.