This institution is no longer active

Operations ceased on January 20, 1995. CRA examination history below reflects the period it was active.

INDEPENDENT BANK

MANASSAS, VA · Supervised by FDIC

Est. 1978FDIC #22,678RSSD: FDIC-22678

Satisfactory

Current rating · Exam: April 1993

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.12%

Institution Profile

FDIC BankFind

Address

8751 Sudley Road, MANASSAS, VA

County

Manassas Park City County

Established

July 6, 1978

Total Assets

$84M(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

April 1, 1993

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 33 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 Q4 1994Call Report / FDIC

Total Assets

$84M

Total Deposits

$78M

Net Loans

$52M

Net Income

$111K

ROA

0.12%

ROE

2.00%

Risk-Based Capital

10.49%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate15.15%Peer avg: 7.63%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	5,064	69%	15.15%
2023	5,436	68.23%	14.33%
2022	8,324	71.65%	10.49%
2021	14,632	77.48%	6.19%
2020	16,503	78.24%	4.59%
2019	10,928	75.87%	5.82%
2018	9,368	77.39%	6.17%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

This is the only examination on record for this bank.

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