Independence Bank Financial Reports

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Independence Bank

RSSD ID 3180136 \| CERTIFICATE 57379 \| ABA NUMBER 11501718
1370 S County Trl	Quarter Ended :	2025-03-31
East Greenwich, Rhode Island, 2818	Updated :	2025-04-24
independence-bank.com

Institution Profile
Year Opened :	2003	Institution Type :	Commercial bank
Entity Type :	State	Federal Regulator :	FDIC
Member Federal Reserve :	No	S-Corp :	No
Fiduciary Powers :	No	Powers Exercised :	No
Filing Type :	041

Specialization :	Other Specialized Under 1 Billion
Number of Offices :	1	Number of Employees :	4

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)
Total Assets	15,284	Total Interest Income	171
Total Liabilities	218	Total NonInterest Income	13
Total Bank Equity Capital	15,066	Total Interest Expense	0
Total Deposits	0	Total NonInterest Expense	302
Net Loans & Leases	0	Net Income	(118)
Loan Loss Allowance	0	Net Charge Offs	0

Regulatory Capital		Quarterly Averages (USD, in thousands)
Community Bank Leverage Ratio	Yes	Total loans	0
Total assets for the leverage ratio	20,052	Loans secured by real estate:	0
Tier 1 Leverage Ratio	75.13	Commercial and industrial loans	0
Off Balance Sheet Exposures (%)	0	Loans to individuals - Credit Cards	0
Trading Assets and Liabilities (%)	0	Loans to individuals - Other	0

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury