Ratios

		vs industry	vs history
P/B	0.87	IEBS's P/B is ranked lower than 100% of the Companies in the Global industry. ( Industry Median: vs. IEBS: 0.87 )	IEBS' s 10-Year P/B Range Min: 0.01   Max: 0.51 Current: 0.87 0.01 0.51
P/S	0.53	IEBS's P/S is ranked lower than 100% of the Companies in the Global industry. ( Industry Median: vs. IEBS: 0.53 )	IEBS' s 10-Year P/S Range Min: 0.03   Max: 3.16 Current: 0.53 0.03 3.16
EV-to-EBIT	-17.48	IEBS's EV-to-EBIT is ranked lower than 100% of the Companies in the Global industry. ( Industry Median: vs. IEBS: -17.48 )	IEBS' s 10-Year EV-to-EBIT Range Min: 98.9   Max: 164.4 Current: -17.48 98.9 164.4

Valuation & Return

		vs industry	vs history
Price/Median PS Value	22.5	IEBS's Price/Median PS Value is ranked lower than 100% of the Companies in the Global industry. ( Industry Median: vs. IEBS: 22.5 )	IEBS' s 10-Year Price/Median PS Value Range Min: 0.5   Max: 0.8 Current: 22.5 0.5 0.8
Forward Rate of Return (Yacktman)	-22.52	IEBS's Forward Rate of Return (Yacktman) is ranked lower than 100% of the Companies in the Global industry. ( Industry Median: vs. IEBS: -22.52 )	IEBS' s 10-Year Forward Rate of Return (Yacktman) Range Min: -257.1   Max: -4.8 Current: -22.52 -257.1 -4.8

Business Description

Independence Bancshares, Incorporated was incorporated in October 2004. It is a South Carolina corporation organized to operate as a bank holding company pursuant to the Federal Bank Holding Company Act of 1956 and the South Carolina Bank Holding Company Act, and to own and control all of the capital stock of Independence National Bank. Through the bank it provides banking services to consumers and small- to mid-size businesses, mainly in Greenville County, South Carolina. The Bank is mainly engaged in the business of accepting demand and time deposits and providing commercial, consumer and mortgage loans to the general public. It offers a range of deposit services, including checking accounts, commercial accounts, NOW accounts, savings accounts, and time deposits of various types, ranging from daily money market accounts to long-term certificates of deposit. It offers other bank services including cashier's checks, banking by mail, direct deposit of payroll and social security checks, remote deposit capture, United States Savings Bonds, and travelers checks. The Company is associated with the Plus and Star ATM networks, which are available to its clients throughout the country. It offers merchant banking and credit card services through a correspondent bank. It also offers internet banking services, bill payment services, and cash management services. The Company competes with other financial institutions including securities firms, insurance companies, credit unions, leasing companies and finance companies. Both the Company and the Bank are subject to state and federal banking laws and regulations that impose specific requirements or restrictions on and provide for general regulatory oversight of virtually all aspects of its operations.
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