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Bank Independent

Popular Accounts at this Bank

2.11%5-year CD59-Month Fixed Rate Special CD
1.11%1-year CD11-Month Fixed Rate Special CD
2.00%4-year CD48-Month Fixed Rate Special CD

Overview / Commentary
710 South Montgomery Avenue
Sheffield, AL 35660

Bank Independent is headquartered in Sheffield and is the 8th largest bank in the state of Alabama. It is also the 554th largest bank in the nation. It was established in 1947 and as of September of 2017, it had grown to 520 employees at 27 locations. Bank Independent has an A health rating.

Related Posts

Bank Independent CD Specials - Northern Alabama - 2/28/2017

2.11% apy 59 month fixed rate CD 1.36% apy 35 month bump rate CD 1.21% apy 23 month bump rate CD $1,000 minimum balance https://www.bibank.com/Personal/CD-Rate-Specials/

Reviews (1)

A fantastic local bank

Posted by: Schedrop | Nov 11, 2017

I have several types of accounts with Bank Independent. I have a checking account, a Safe Deposit box, and a CD at this bank, and I have honestly never had a problem with anything. Anytime there have been issues with my account, typically as a result of fraud from businesses and hackers, the representatives at the bank were friendly and helped resolve the issue as quickly as they could. Although there are some account fees, there are always ways around those, such as signing up for online banking and receiving e-statements. There are also several account options for pretty much anyone!


Health Grade Components

FDIC Certificate #16604
Year Established1947
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD10.14%
Annual Interest Income$54.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.42B$1.28B
LoansQ3 2017vs Q3 2016$1.19B$1.04B
DepositsQ3 2017vs Q3 2016$1.19B$1.11B
Equity CapitalQ3 2017vs Q3 2016$142.1MM$130.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$12.9MM$11.2MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$11.5MM$11.2MM
Real Estate OwnedQ3 2017vs Q3 2016$2.9MM$3.7MM
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Bank Independent CD Rates

2.11%$1k-59-Month Fixed Rate Special CD
2.00%$1k-48-Month Fixed Rate Special CD
1.11%$1k-11-Month Fixed Rate Special CD