Independence Bank Of Kentucky Mortgage Rates, Fees & Info

Owensboro, KY

LEI: 5493002N5OA6GM61AC70

Tax ID: 61-0189240

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Independence Bank Of Kentucky is a smaller bank specializing in Other, Home Purchase, and Refi loans. Independence Bank Of Kentucky has a high proportion of conventional loans. Their top markets by origination volume include: Owensboro, Bowling Green, Evansville, Paducah, and Madisonville among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Independence Bank Of Kentucky has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Independence Bank Of Kentucky is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.70% 12/16/24
    30 Year Conventional Refi 6.81% 12/16/24
    30 Year Cash-out Refi 7.06% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.10% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Independence Bank Of Kentucky Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Independence Bank Of Kentucky. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,644

    Origination Dollar Volume (All Markets)

    $179,640,000

    Employee count

    379 Show all (6) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    OWENSBORO, KY (FHA|USDA|VA) 459 $51,425,000 $112,037 $2,116 4.75%
    BOWLING GREEN, KY (FHA|USDA|VA) 147 $21,375,000 $145,408 $2,128 4.74%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 244 $21,270,000 $87,172 $2,001 4.83%
    Paducah, KY-IL (FHA|USDA|VA) 154 $19,160,000 $124,416 $1,803 4.74%
    Madisonville, KY (FHA|USDA|VA) 202 $18,440,000 $91,287 $2,179 4.85%
    Outside of Metro Areas 178 $14,330,000 $80,506 $2,127 4.91%
    Murray, KY (FHA|USDA|VA) 71 $9,945,000 $140,070 $2,350 4.70%
    Frankfort, KY (FHA|USDA|VA) 51 $6,065,000 $118,922 $2,381 4.68%
    Mayfield, KY (FHA|USDA|VA) 52 $5,210,000 $100,192 $2,231 4.67%
    LOUISVILLE, KY (FHA|USDA|VA) 27 $3,515,000 $130,185 $3,276 4.45%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 9 $1,645,000 $182,778 $3,501 4.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $925,000 $132,143 $2,457 4.28%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $905,000 $905,000 $7,143 4.95%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,686 3.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,069 4.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,027 4.75%
    JACKSON, TN (FHA|USDA|VA) 2 $280,000 $140,000 $2,790 5.00%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $240,000 $120,000 $3,097 5.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,472 5.25%
    Union City, TN (FHA|USDA|VA) 2 $220,000 $110,000 $2,141 4.81%
    London, KY (FHA|USDA|VA) 2 $210,000 $105,000 $2,140 4.75%
    Bardstown, KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,279 4.88%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,700 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $1,524 5.75%
    KOKOMO, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,736 4.75%
    Jasper, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $100,000 $50,000 $3,258 4.69%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.75%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $95,000 $95,000 $1,487 4.63%
    Central City, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,631 4.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $75,000 $75,000 $1,733 5.25%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $75,000 $75,000 $1,650 4.45%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $65,000 $65,000 $4,171 5.25%
    Washington, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,591 5.50%
    Sikeston, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    Martin, TN (FHA|USDA|VA) 1 $55,000 $55,000 $1,864 5.75%
    Paris, TN (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.00%
    Independence Bank Of Kentucky's top markets include Owensboro, Bowling Green, Evansville, Paducah, and Madisonville among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Independence Bank of Kentucky based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Sacramento Deposit Bank
    Similarity Rank: 36
    Heritage Federal Credit Union
    Similarity Rank: 96
    Bank of Edmonson County
    Similarity Rank: 104
    The Peoples Bank
    Similarity Rank: 120
    EVANSVILLE
    Similarity Rank: 120
    First Federal Savings Bank
    Similarity Rank: 160
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 168
    Edmonton State Bank
    Similarity Rank: 168
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 216
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,644 $179,640,000 $109,270 $2,139 4.78%

    For 2018, Independence Bank Of Kentucky's most frequently originated type of loan was Conventional, with 1,644 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 605 $41,565,000 $68,702 $1,070 4.74%
    Home Purchase 474 $62,770,000 $132,426 $2,321 4.80%
    Refi 453 $61,075,000 $134,823 $1,889 4.82%
    NA 62 $9,000,000 $145,161 $1,167 5.45%
    Cash Out Refi 39 $4,325,000 $110,897 $2,169 4.75%
    Home Improvement 11 $905,000 $82,273 $1,470 4.79%

    For 2018, Independence Bank Of Kentucky's most frequently cited loan purpose was Other, with 605 originations. The 2nd most popular reason was Home Purchase, with 474 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 763 $58,465,000 $76,625 $2,133 4.68%
    30 Year 409 $68,075,000 $166,443 $2,229 4.84%
    Other 369 $41,615,000 $112,778 $1,896 5.62%
    20 Year 58 $7,800,000 $134,483 $1,944 4.79%
    10 Year 25 $2,545,000 $101,800 $1,713 5.04%
    5 Year 13 $575,000 $44,231 $2,004 6.12%
    3 Year 6 $340,000 $56,667 $967 5.32%
    1 Year 1 $225,000 $225,000 $1,103 4.95%

    For 2018, Independence Bank Of Kentucky's most frequently cited loan duration was 15 Year, with 763 originations. The 2nd most popular length was 30 Year, with 409 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 497 $72,245,000 $145,362
    $1k-2k 101 $14,125,000 $139,851
    $2k-3k 24 $4,180,000 $174,167
    $3k-4k 5 $1,095,000 $219,000
    $4k-5k 3 $985,000 $328,333

    Independence Bank Of Kentucky's average total fees were $2,229, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 497 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 871 $97,325,000 $111,739
    5-6% 270 $26,390,000 $97,741
    3-4% 136 $16,540,000 $121,618
    6-7% 9 $265,000 $29,444
    7-8% 6 $120,000 $20,000
    Over 8% 1 $15,000 $15,000

    During 2018, Independence Bank Of Kentucky's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 871 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 962 $48,770,000 $50,696 $1,709 4.83%
    $100k-200k 433 $59,925,000 $138,395 $2,307 4.72%
    $200k-400k 226 $58,220,000 $257,611 $2,458 4.67%
    $400k-600k 19 $8,825,000 $464,474 $2,674 4.70%
    $600k-1MM 3 $2,295,000 $765,000 $5,056 5.10%
    $1MM+ 1 $1,605,000 $1,605,000 $0 4.75%

    2018 saw Independence Bank Of Kentucky place emphasis on $100,000 or less loans with 962 originations, totaling $48,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 344 $31,980,000 $92,965 $2,101 4.81%
    $50k or less 330 $25,160,000 $76,242 $1,791 4.85%
    $100k-150k 275 $34,485,000 $125,400 $2,419 4.78%
    $75k-100k 247 $27,565,000 $111,599 $2,322 4.77%
    $150k-250k 134 $18,460,000 $137,761 $2,111 4.71%
    $250k+ 91 $14,995,000 $164,780 $3,387 4.66%

    Independence Bank Of Kentucky lent most frequently to those with incomes in the $50k-75k range, with 344 originations. The second most popular income band? $50k or less, with 330 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 237 $28,265,000 $119,262 $2,142 4.79%
    30-36% 146 $21,290,000 $145,822 $2,262 4.77%
    <20% 119 $11,905,000 $100,042 $2,046 4.76%
    41% 27 $4,155,000 $153,889 $1,992 4.98%
    38% 25 $3,205,000 $128,200 $1,985 4.87%
    44% 21 $3,355,000 $159,762 $2,281 4.74%
    39% 20 $3,010,000 $150,500 $2,267 5.19%
    37% 18 $3,260,000 $181,111 $2,143 4.90%
    36% 18 $2,990,000 $166,111 $2,240 4.95%
    43% 17 $2,565,000 $150,882 $3,056 4.83%
    40% 15 $1,755,000 $117,000 $2,043 4.90%
    >60% 14 $2,440,000 $174,286 $1,478 5.05%
    50-60% 14 $2,670,000 $190,714 $1,811 5.29%
    42% 13 $1,835,000 $141,154 $2,212 4.89%
    47% 11 $1,385,000 $125,909 $2,003 4.87%
    45% 11 $1,805,000 $164,091 $2,422 4.82%
    46% 9 $1,345,000 $149,444 $2,445 4.79%
    48% 9 $1,465,000 $162,778 $2,384 4.69%
    49% 6 $870,000 $145,000 $2,581 4.60%

    Independence Bank Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 237 originations. The next most common DTI ratio? 30-36%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,385 $147,505,000 $106,502 $2,135 4.80%
    Not applicable 158 $21,410,000 $135,506 $0 4.19%
    Not provided 86 $8,480,000 $98,605 $2,564 4.30%
    Asian Indian 3 $995,000 $331,667 $2,768 4.63%
    Asian 6 $940,000 $156,667 $2,131 4.72%
    Black 4 $140,000 $35,000 $1,190 4.92%
    Other Asian 1 $105,000 $105,000 $0 5.00%
    Vietnamese 1 $65,000 $65,000 $2,057 4.25%

    Approval Rates

    Total approvals of all applications
    93.64%

    Independence Bank Of Kentucky has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.61%

    Independence Bank Of Kentucky has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,644 $179,640,000 $109,270

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $720,000 $360,000
    Multifamily:Site-Built 7 $1,785,000 $255,000
    Single Family (1-4 Units):Manufactured 16 $880,000 $55,000
    Single Family (1-4 Units):Site-Built 1,619 $176,255,000 $108,867

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 289 $18,575,000 $64,273 $1,654 4.76%
    40-60% 197 $19,785,000 $100,431 $1,916 4.66%
    60-80% 480 $69,290,000 $144,354 $2,247 4.73%
    80-100% 334 $47,750,000 $142,964 $2,180 4.82%
    Over 100% 59 $12,335,000 $209,068 $2,056 4.81%
    Under 20% 254 $8,080,000 $31,811 $2,253 4.91%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Independence Bank of Kentucky 100 East College Street Mayfield, KY 42066 Full Service B&M $21,911
    Independence Bank of Kentucky 1100 Barrett Boulevard Henderson, KY 42420 Full Service B&M $21,191
    Independence Bank of Kentucky 1228 Us-127 South Frankfort, KY 40601 Full Service B&M $1,302
    Independence Bank of Kentucky 1776 North Main Street Madisonville, KY 42431 Full Service B&M $71,000
    Independence Bank of Kentucky 1950 Scottsville Road Bowling Green, KY 42104 Full Service B&M $167,728
    Independence Bank of Kentucky 211 U.S. Highway 41-A South Providence, KY 42450 Full Service B&M $55,870
    Independence Bank of Kentucky 2120 High Wickham Place, Suite 100 Louisville, KY 40245 Full Service B&M $24,685
    Independence Bank of Kentucky 225 U.S. Highway 60 East Hawesville, KY 42348 Full Service B&M $35,096
    Independence Bank of Kentucky 2415 Nashville Rd Bowling Green, KY 42101 Full Service B&M $18,317
    Independence Bank of Kentucky 2425 Frederica Street Owensboro, KY 42301 Full Service B&M $506,109
    Independence Bank of Kentucky 2465 Parrish Avenue Owensboro, KY 42301 Full Service B&M $46,190
    Independence Bank of Kentucky 2610 Zion Road Henderson, KY 42420 Full Service B&M $24,660
    Independence Bank of Kentucky 2711 New Holt Road Paducah, KY 42001 Full Service B&M $30,899
    Independence Bank of Kentucky 308 U.S. Highway 41 Sebree, KY 42455 Full Service B&M $42,910
    Independence Bank of Kentucky 3143 Broadway Street Paducah, KY 42001 Full Service B&M $133,373
    Independence Bank of Kentucky 3228 Highway 54 Owensboro, KY 42303 Full Service B&M $55,535
    Independence Bank of Kentucky 3312 Lone Oak Road Paducah, KY 42003 Full Service B&M $17,265
    Independence Bank of Kentucky 507 North 12th Street Murray, KY 42071 Full Service B&M $41,631
    Independence Bank of Kentucky 614 Henton Street Livermore, KY 42352 Full Service B&M $56,693
    Independence Bank of Kentucky 629 East Center Street Madisonville, KY 42431 Full Service B&M $4,913
    Independence Bank of Kentucky 629 Versaille Road Frankfort, KY 40601 Full Service B&M $20,094
    Independence Bank of Kentucky 721 South 12th Street Murray, KY 42071 Full Service B&M $3,970
    Independence Bank of Kentucky 76 South Green Street Henderson, KY 42420 Full Service B&M $184,943
    Independence Bank of Kentucky 8523 U.S. Highway 60 West Lewisport, KY 42351 Full Service B&M $14,993
    Independence Bank of Kentucky 877 Fairview Avenue Bowling Green, KY 42101 Full Service B&M $35,172

    For 2018, Independence Bank Of Kentucky had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $91,712
    Net interest income $69,711
    Total noninterest income $11,252
    Gross Fiduciary activities income $3,501
    Service charges on deposit accounts $4,379
    Trading account gains and fees $0
    Additional Noninterest Income $3,372
    Pre-tax net operating income $29,310
    Securities gains (or losses, -) $0
    Income before extraordinary items $29,310
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $29,310
    Minority interest net income $0
    Net income $29,310
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $29,310

    Independence Bank Of Kentucky's gross interest income from loans was $91,712,000.
    Independence Bank Of Kentucky's net interest income from loans was $69,711,000.
    Independence Bank Of Kentucky's fee based income from loans was $4,379,000.
    Independence Bank Of Kentucky's net income from loans was $29,310,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,001
    Provision for credit losses $500
    Total noninterest expense $51,153
    Salaries and employee benefits $30,463
    Premises and equipment expense $5,990
    Additional noninterest expense $14,700
    Applicable income taxes $0
    Net charge-offs $430
    Cash dividends $20,624

    Independence Bank Of Kentucky's interest expense for loans was $22,001,000.
    Independence Bank Of Kentucky's payroll and benefits expense were $30,463,000.
    Independence Bank Of Kentucky's property, plant and equipment expenses $5,990,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,864,394
    Deposits held in domestic offices $1,864,394
    Deposits by Individuals, partnerships, and corporations $1,277,271
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $587,122
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $190,485
    Demand deposits $71,345
    Nontransaction accounts $1,673,909
    Money market deposit accounts (MMDAs) $269,927
    Other savings deposits (excluding MMDAs) $1,035,670
    Total time deposits $368,311
    Total time and savings deposits $1,793,049
    Noninterest-bearing deposits $254,714
    Interest-bearing deposits $1,609,680
    Retail deposits $1,632,313
    IRAs and Keogh plan accounts $25,170
    Brokered deposits $184,263
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,358,895
    Cash & Balances due from depository institutions $50,039
    Interest-bearing balances $42,165
    Total securities $869,175
    Federal funds sold & reverse repurchase $2,959
    Net loans and leases $1,326,152
    Loan and leases loss allowance $13,825
    Trading account assets $0
    Bank premises and fixed assets $73,933
    Other real estate owned $2,652
    Goodwill and other intangibles $3,972
    All other assets $30,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,358,895
    Total Liabilities $2,169,728
    Total deposits $1,864,394
    Interest-bearing deposits $1,609,680
    Deposits held in domestic offices $1,864,394
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $300,584
    Subordinated debt $0
    All other liabilities $4,750

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,326,152
    Loan and leases loss allowance $13,825
    Total loans and leases (domestic) $1,339,977
    All real estate loans $1,156,722
    Real estate loans in domestic offices $1,156,722
    Construction and development loans $122,011
    Residential 1-4 family construction $33,873
    Other construction, all land development and other land $88,138
    Loans secured by nonfarm nonresidential properties $340,820
    Nonfarm nonresidential secured by owner-occupied properties $196,561
    Commercial real estate & other non-farm, non-residential $144,259
    Multifamily residential real estate $46,602
    1-4 family residential loans $452,332
    Farmland loans $194,957
    Loans held in foreign offices $0
    Farm loans $63,880
    Commercial and industrial loans $106,478
    To non-U.S. addressees $0
    Loans to individuals $11,872
    Credit card loans $0
    Related Plans $152
    Consumer Auto Loans $4,308
    Other loans to individuals $7,412
    All other loans & leases $1,025
    Loans to foreign governments and official institutions $0
    Other loans $227
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Independence Bank of Kentucky had $1,326,152,000 of loans outstanding in 2018. $1,156,722,000 of loans were in real estate loans. $122,011,000 of loans were in development loans. $46,602,000 of loans were in multifamily mortgage loans. $452,332,000 of loans were in 1-4 family mortgage loans. $63,880,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,308,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 745 $130,542 $175,224
    Nonfarm, nonresidential loans - <$100k 221 $9,257 $41,887
    Nonfarm, nonresidential loans - $100-250k 286 $34,976 $122,294
    Nonfarm, nonresidential loans - $250k-1MM 238 $86,309 $362,643
    Commercial & Industrial, US addressed loans - <$1MM 1,269 $68,491 $53,972
    Commercial & Industrial, US addressed loans - <$100k 976 $21,921 $22,460
    Commercial & Industrial, US addressed loans - $100-250k 173 $17,353 $100,306
    Commercial & Industrial, US addressed loans - $250k-1MM 120 $29,217 $243,475
    Farmland loans - <$1MM 778 $90,225 $115,970
    Farmland loans - <$100k 326 $13,029 $39,966
    Farmland loans - $100-250k 302 $34,088 $112,874
    Farmland loans - $250k-1MM 150 $43,108 $287,387
    Agriculture operations loans - <$1MM 626 $33,626 $53,716
    Agriculture operations loans - <$100k 495 $11,722 $23,681
    Agriculture operations loans - $100-250k 79 $9,639 $122,013
    Agriculture operations loans - $250k-1MM 52 $12,265 $235,865