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 564th largest bank in the nation. It was established in 1947 and as of March of 2017, it had grown to 515 employees at 28 locations. Bank Independent has a B+ health rating.
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Health
B+
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16604 |
| Year Established | 1947 |
| Employees | 515 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 8.35% |
| Annual Interest Income | $17.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.36B$1.24B |
| Loans | Q1 2017vs Q1 2016 | $1.09B$961.5MM |
| Deposits | Q1 2017vs Q1 2016 | $1.16B$1.08B |
| Equity Capital | Q1 2017vs Q1 2016 | $135.8MM$128.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $11.4MM$10.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $8.7MM$11.1MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $5.3MM$3.6MM |
Rates
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Locations
Bank Independent has 26 locations. Click to view all Bank Independent locations.