Bank Independent

Featured Account Options

SPONSORED LISTINGS

14 Month CD Special

Great Rates + Safety
= Peace of Mind. Member FDIC.

2.45% APY

Online Savings Account

Ally Bank, Member FDIC. Consistently Competitive Rates. 24/7 Customer Care.

1.65% APY

Overview / Commentary

www.bibank.com

877-865-5050

710 South Montgomery Avenue
Sheffield, AL 35660

Bank Independent is headquartered in Sheffield and is the 8^th largest bank in the state of Alabama. It is also the 539^th largest bank in the nation. It was established in 1947 and as of March of 2018, it had grown to 520 employees at 27 locations. Bank Independent's CD rates are 46% higher than the national average, and it has a B+ health rating.

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!

Comment

2

Health

B+

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16604
Year Established	1947
Employees	520
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.18%
Return on Equity - YTD	12.48%
Annual Interest Income	$20.4MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$1.50B$1.36B
Loans	Q1 2018vs Q1 2017	$1.20B$1.09B
Deposits	Q1 2018vs Q1 2017	$1.27B$1.16B
Equity Capital	Q1 2018vs Q1 2017	$142.5MM$135.8MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$12.2MM$11.4MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$13.7MM$8.7MM
Real Estate Owned	Q1 2018vs Q1 2017	$2.4MM$5.3MM

Rates

Skip to rates for:

CD

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Bank Independent; we are a rate comparison website and cannot provide official rates or promotions.