2024 Journal of Community Bank Case Studies

2024 COMMUNITY BANK CASE STUDY COMPETITION

and leases, was 0.99% for 2023, slightly better than its peers’ average of 1.07%. Further, that metric has remained consistent for INB over the five-year period ranging from 0.94% to 1.01% (UBPR). INB has also taken strategic steps to mitigate its risks associated with loan concentration. Recognizing that one of the inherent risks

Figure 4: Assets (in Millions)

$2500

19.1%

$2000

9.3%

12.4%

28.1%

$1500

27.2%

$1000

$500

$0

2019

2020

2021

2022

2023 Total Assets: YoY%

Cash and Balances Due Securities

Net Loans and Leases Other Assets

Source: UBPR

then in Miami and Tampa, Florida. While the bulk of the loans in these markets are also in CRE, geographic diversification reduces the risk of losses presented by a downturn in an individual market. As such, INB’s portfolio may

of the community banking model is geographic concentration, INB has expanded beyond its home market of Central Illinois by opening loan production offices, first in St. Louis, Missouri,

Figure 5: Asset Growth Indexed to 2019

350.00%

300.00%

250.00%

200.00%

150.00%

100.00%

2019

2020

2021

2022

2023

SVB

INB

PG

Source: UBPR

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