Independence Bancshares (Independence Bancshares) Accounts Payable & Accrued Expense : $0.54 Mil (As of Sep. 2017)

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What is Independence Bancshares Accounts Payable & Accrued Expense?

Independence Bancshares's quarterly accounts payable & accrued expense declined from Mar. 2017 ($0.66 Mil) to Jun. 2017 ($0.55 Mil) and declined from Jun. 2017 ($0.55 Mil) to Sep. 2017 ($0.54 Mil).

Independence Bancshares's annual accounts payable & accrued expense declined from Dec. 2014 ($2.67 Mil) to Dec. 2015 ($1.14 Mil) and declined from Dec. 2015 ($1.14 Mil) to Dec. 2016 ($0.68 Mil).

Independence Bancshares Accounts Payable & Accrued Expense Historical Data

The historical data trend for Independence Bancshares's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Independence Bancshares Accounts Payable & Accrued Expense Chart

Independence Bancshares Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Payable & Accrued Expense

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0.81

0.70

2.67

1.14

0.68

Independence Bancshares Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.81	0.68	0.66	0.55	0.54

Independence Bancshares Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Independence Bancshares (Independence Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independence Bancshares Inc (OTCPK:IEBS) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.independencenb.com

Independence Bancshares Inc is a holding company for Independence National Bank. The company operates through four segments: Community Banking, Transaction Services, Asset Management and Parent Only. Most of its revenue is derived from the Community Banking segment. The bank is engaged in the business of banking and providing services related to banking, including accepting demand deposits and saving deposits and providing commercial, consumer and mortgage loans.

Executives

Robert B Willumstad	director	CITIGROUP INC/CORP LAW DEPT, 425 PARK AVE 2ND FL, NEW YORK NY 10043
Adam Gabriel Hurwich	director	C/O FIRST SECURITY GROUP, INC. 531 BROAD STREET CHATTANOOGA TN 37402
Keith Stock	director	1819 A WEST ST ANNAPOLIS MD 21401
Russell Echlov	director	500 E WASHINGTON ST, GREENVILLE SC 29601
Gordon A Baird	director, officer: CHIEF EXECUTIVE OFFICER	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Mclean A A Iii	director	P O BOX 6429, GREENVILLE SC 296066429

Independence Bancshares (Independence Bancshares) Headlines

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