Bank Independent
Overview / Commentary
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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Health
A
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16604 |
| Year Established | 1947 |
| Employees | 519 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 9.51% |
| Annual Interest Income | $35.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.39B$1.22B |
| Loans | Q2 2017vs Q2 2016 | $1.14B$1.01B |
| Deposits | Q2 2017vs Q2 2016 | $1.18B$1.06B |
| Equity Capital | Q2 2017vs Q2 2016 | $139.6MM$128.6MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $12.3MM$11.3MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $11.6MM$11.6MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $2.7MM$3.4MM |
Rates
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