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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 556th largest bank in the nation. It was established in 1947 and as of June of 2017, it had grown to 519 employees at 27 locations. Bank Independent has an A health rating.

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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/


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Health Grade Components

FDIC Certificate #16604
Year Established1947
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD9.51%
Annual Interest Income$35.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.39B$1.22B
LoansQ2 2017vs Q2 2016$1.14B$1.01B
DepositsQ2 2017vs Q2 2016$1.18B$1.06B
Equity CapitalQ2 2017vs Q2 2016$139.6MM$128.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$12.3MM$11.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$11.6MM$11.6MM
Real Estate OwnedQ2 2017vs Q2 2016$2.7MM$3.4MM

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