Independence National Bank

500 East Washington Street
Greenville, SC 29601


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57951
Date Established 2005
Assets $0.09 billion
Loans $0.05 billion
Deposits $0.07 billion
Capital $0.01 billion

Independence National Bank is an FDIC insured institution located in Greenville, SC. It was founded in 2005 and has approximately $0.08 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Independence National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Independence National Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in South Carolina, Independence National Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.86
Credit Card Loans 0.00
Consumer Auto Loans 0.45
Small Business Loans 27.15
Construction and Development Loans 14.04
Commercial Real Estate 35.05
Commercial and Industrial Loans 23.41
Farm Loans 0.00

Deposit Rates - January 20, 2019

Your Current Location: Washington, WA 98109

There are currently no rates available for Independence National Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - January 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Independence National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

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NMLS ID: 35986
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Featured - Washington Home Equity Line Of Credit Rates 2019

Lender Rate (%) Monthly Payment Learn More

Note to Independence National Bank
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Independence National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Financial Details

Independence National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Independence National Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Independence National Bank U.S. Bank Average
20.77% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2018, Independence National Bank had $616,000 in non-current loans and $1,179,000 in owned real estate. To cover these potential losses it had $7,352,000 in equity and $1,290,000 in loans loss reserves. That gives it a Texas Ratio of 20.77%.

Return on Equity
Independence National Bank U.S. Bank Average
-13.51% 9.95%

Independence National Bank has a Return on Equity of -13.51% versus the BestCashCow average of 9.95%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Independence National Bank U.S. Bank Average
8.53% 12.19%

Independence National Bank has a Capitalization of 8.53% versus the BestCashCow average of 12.19. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Independence National Bank Balance Sheet Analysis

As of December 31, 2017, Independence National Bank had assets of $82,407,000, loans of $53,232,000, and deposits of $74,818,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2018
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.08 billion
Total deposits $0.07 billion
      Interest-bearing deposits $0.06 billion
      Deposits held in domestic offices $0.07 billion
      % insured (estimated) 85.86%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.08 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Frequently Asked Questions About Independence National Bank

Branches and Savings

Is Independence National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57951.

Why does Independence National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Independence National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Independence National Bank a commercial bank?


Where are Independence National Bank locations?

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Is Independence National Bank open on Saturdays?

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Are Independence National Bank ATMs Open 24/7?

Do Independence National Bank ATMs accept cash deposits?

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Do Independence National Bank branches have notaries?

Will Independence National Bank notarize my document?

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Will the Independence National Bank branch print checks?

Do Independence National Bank checks expire?

Does Independence National Bank require US citizenship to open account?

Can Independence National Bank close my account?

Does Independence National Bank Report to credit bureaus?

Does Independence National Bank Use Equifax?

What is Independence National Bank's ACH Routing Number?

What is Independence National Bank's SWIFT code?


Does Independence National Bank offer mortgages?

Compare mortgage rates here.

Does Independence National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Independence National Bank offer personal loans?

Compare personal loan rates here.

Does Independence National Bank offer student loans?

Will Independence National Bank cash a check?

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Can Independence National Bank issue a money order?

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Background on The Bank

Who owns Independence National Bank?

How long has Independence National Bank been around?

Can Independence National Bank transfer to other banks?

Does Independence National Bank have quick pay?

Does Independence National Bank accept rolled coins?

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Where is Independence National Bank headquarters?

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