INDEPENDENCE BANCSHARES, INC. Financial Reports

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:· INDEPENDENCE BANCSHARES, INC.

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INDEPENDENCE BANCSHARES, INC.

Institution Profile

Year Opened :

1982

Institution Type :

Holding Company

Reserve District :

Chicago

Federal Regulator :

FED

Entity Type :

Bank Holding Company

Fiscal Year End :

12/31

Structure :

Corporation (stock)

S-Corp :

External Auditor :

Eide Bailly LLP

Related Bank / Thrift	Assets	Asset Concentration
Northeast Security Bank	428,622	Agricultural Specialization

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)

Total Assets	46,476	Total Operating Income	2,087
Total Liabilities	8,573	Total Operating Expenses	603
Total Equity Capital	37,903	Equity in Undistributed Income	2,045
		Net income (loss)	3,698

Miscellaneous
Cash Dividends Declared by Bank Holding Company	1,181
Total Consolidated Assets of Bank Holding Company	439,900

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