Bank Independent

Bank Independent is headquartered in Sheffield and is the 7^th largest bank in the state of Alabama. It is also the 634^th largest bank in the nation. It was established in 1947 and as of December of 2011, it had grown to 446 employees at 28 locations. Bank Independent has a 4-star health rating.

Bank Independent Routing Number: 062205791

Bank Independent CD Rates

Data for Q4 2011

Institution Statistics Bank Independent FDIC Certificate # 16604 BankRate Report View Year Established 1947 Employees 446 Primary Regulator FED Assets and Liabilities Assets $1.04 billion Loans $757.68 million Deposits $871.42 million Equity Capital $131.90 million Loan Loss Allowance $9.71 million Unbacked Noncurrent Loans $10.23 million Real Estate Owned $1.61 million Historic Data - December 2010 Assets $988.91 million Equity Capital $121.10 million Loan Loss Allowance $10.39 million Unbacked Noncurrent Loans $4.19 million Real Estate Owned $1.39 million Profit Margin - Quarterly Net Interest Margin 6.5% Return on Assets 1.2% Return on Equity 9.67% Interest Income $63.62 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank Independent had $11.83 million in non-current loans and owned real-estate with $141.61 million in equity and loan loss allowances on hand to cover it. This gives Bank Independent a Texas Ratio of 8.36% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank Independent held steady from 4.25% as of December 31, 2010 to 8.36% as of December 31, 2011, resulting in a negative change of 96.79%. This indicates that the balance sheet and financial strength for Bank Independent has held steady in recent periods. Deposit Growth In the past year, Bank Independent has increased its total deposits by $34.35 million, resulting in 4.1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank Independent has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank Independent has $1.04 billion in assets with $141.61 million in equity, resulting in a capitalization level of 13.60%, which is excellent.

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