This institution is no longer active

Operations ceased on June 18, 2002. CRA examination history below reflects the period it was active.

INDEPENDENCE BANK

KERNERSVILLE, NC · Supervised by FDIC

Est. 1997FDIC #34,510RSSD: FDIC-34510

Part ofBANCTENN CORP→ View all charters

Satisfactory

Current rating · Exam: October 1999

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -2.22%

Institution Profile

FDIC BankFind

Address

211 Broad Street, KERNERSVILLE, NC

County

Forsyth County

Established

November 5, 1997

Total Assets

$54M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

October 1, 1999

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 26 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2002Call Report / FDIC

Total Assets

$54M

Total Deposits

$49M

Net Loans

$34M

Net Income

$-305K

ROA

-2.22%

ROE

-31.15%

Risk-Based Capital

11.79%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

Embed this rating

Copy this snippet to embed a live rating badge on your website:

<iframe
  src="https://bankscorer.com/widget/bank/81a3666c-d4e3-4e37-bd7d-78484df7cc95"
  width="320"
  height="80"
  frameborder="0"
  scrolling="no"
  style="border:none"
></iframe>

Updates automatically when the rating changes.

Preview: