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134 North Jefferson Street
Ripley, TN 38063

Bank of Ripley is headquartered in Ripley and is the 90th largest bank in the state of Tennessee. It is also the 3,007th largest bank in the nation. It was established in 1939 and as of June of 2014, it had grown to 70 employees at 4 locations. Bank of Ripley has a B health rating.

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Reviews (3)

Great Customer Service And Great Interest Rates.

Ignore what you've read below I've been an online member of this bank for several years now from Texas. Granted when I signed up with them they had a 5.25% interest rate which yes of course has dropped to 2.51%apy over time and I would expect that with the economy the way it is and has been going.

As for customer service the ladies have always been polite and helpful and telling me how to submit forms over the internet in email and I've been able to get new debit cards quite quickly with their service. They even went the extra mile to inform me I was sending my transfers to the wrong address.

I will continue to bank with them unless someone comes up with a much higher interest rate on their high yield checking accounts that won't drop overnight. I've tried a few others and yes there is the gimmick to get you to join with the high interest rates that you'll get for basically one month before the real interest rates kick in which is around 2% to 2.72% apy. With little to no risk these are great interest rates you can't get anywhere in a SAVINGS account. Yes you have to make 10-15 purchases per month with your card but who doesn't do that anyways? Buying groceries and gas and dining out easily take up those few purchases per month to net you those great interest rates.

The Worst Customer Service

This bank has the worst customer service. They will talk to you in a friendly voice but are not helpful at all. Two weeks after I opened my account and changed over all my online bill pay and direct deposit accounts, they lowered my interest rate- which was my reason for choosing them in the first place. Then they hit you with all sorts of fees. I tried to give the little guy a chance but after this treatment I am returning to First Tennessee where I have always been treated well.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank of Ripley had $4.08 million in non-current loans and owned real-estate with $31.62 million in equity and loan loss allowances on hand to cover it. This gives Bank of Ripley a Texas Ratio of 12.89% 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 of Ripley increased slightly from 6.81% as of June 30, 2013 to 12.89% as of June 30, 2014, resulting in a negative change of 89.37%. This indicates that the balance sheet and financial strength for Bank of Ripley has declined slightly in recent periods.

Deposit Growth


In the past year, Bank of Ripley has decreased its total deposits by -$5.99 million, resulting in -3.38% 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 of Ripley has shown is below average.



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 of Ripley has $202.92 million in assets with $31.62 million in equity, resulting in a capitalization level of 15.58%, which is excellent.

Institution Statistics

FDIC Certificate #15673
Year Established1939
Primary RegulatorFDIC
Assets and Liabilities
Assets$202.92 million
Loans$77.69 million
Deposits$171.17 million
Equity Capital$29.79 million
Loan Loss Allowance$1.83 million
Unbacked Noncurrent Loans$3.38 million
Real Estate Owned$693,000
Historic Data - June 2013
Assets$208.08 million
Equity Capital$29.19 million
Loan Loss Allowance$788,000
Unbacked Noncurrent Loans$3.38 million
Real Estate Owned$1.19 million
Profit Margin - Quarterly
Return on Assets0.5%
Return on Equity3.52%
Interest Income$3.93 million

Sorry, we do not have rate data for Bank of Ripley


Bank of Ripley Locations
Bank Of Ripley134 North Jefferson StreetRipley, TN 38063
Highway 51 Branch1775 Highway 51 SouthCovington, TN 38019
Washington Street Facility311 South Washington StreetRipley, TN 38063
Bank Of RipleyHwy 51 Location 514 Hwy 51 NorthRipley, TN 38063