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Overview / Commentary
5050 Poplar Avenue
Memphis, TN 38157

Independent Bank (TN) is headquartered in Memphis and is the 13st largest bank in the state of Tennessee. It is also the 763rd largest bank in the nation. It was established in 1998 and as of June of 2014, it had grown to 215 employees at 11 locations. Independent Bank (TN) has a A+ health rating.

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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 Independent Bank (TN) had $7.5 million in non-current loans and owned real-estate with $118.92 million in equity and loan loss allowances on hand to cover it. This gives Independent Bank (TN) a Texas Ratio of 6.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Independent Bank (TN) decreased slightly from 7.52% as of June 30, 2013 to 6.30% as of June 30, 2014, resulting in a positive change of 16.22%.This indicates that the balance sheet and financial strength for Independent Bank (TN) has improved slightly in recent periods.

Deposit Growth


In the past year, Independent Bank (TN) has increased its total deposits by $16.64 million, resulting in 2.32% 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 Independent Bank (TN) has shown is above 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. Independent Bank (TN) has $884.84 million in assets with $118.92 million in equity, resulting in a capitalization level of 13.44%, which is excellent.

Institution Statistics

FDIC Certificate #34728
Year Established1998
Primary RegulatorFDIC
Assets and Liabilities
Assets$884.84 million
Loans$745.29 million
Deposits$733.82 million
Equity Capital$111.24 million
Loan Loss Allowance$7.68 million
Unbacked Noncurrent Loans$7.34 million
Real Estate Owned$159,000
Historic Data - June 2013
Assets$826.47 million
Equity Capital$102.31 million
Loan Loss Allowance$7.13 million
Unbacked Noncurrent Loans$7.34 million
Real Estate Owned$476,000
Profit Margin - Quarterly
Return on Assets0.9%
Return on Equity6.93%
Interest Income$18.15 million

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Independent Bank (TN) Locations
Union Avenue Branch1711 Union AvenueMemphis, TN 38104
Independent Bank Collierville Branch2116 West PoplarCollierville, TN 38017
Kroger-Collierville Branch240 New Byhalia RoadCollierville, TN 38017
Poplar/Holmes Branch3295 Poplar AvenueMemphis, TN 38111
Downtown Commerce Square Branch40 South Main StreetMemphis, TN 38103
Laurelwood Branch450 Perkins ExtdMemphis, TN 38117
Independent Bank5050 Poplar AvenueMemphis, TN 38157
Kroger-Bartlett Branch5995 Stage RoadBartlett, TN 38134
Poplar Avenue Branch6209 Poplar AvenueMemphis, TN 38119
Germantown Branch7635 Poplar AvenueGermantown, TN 38138