Independent Bank (TN)
LOCATIONS
9
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HEALTH RATING
A
View health report
CURRENT TOP RATE
0.95% APY
60 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.95% | 5-year CD | 60 Month CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.20% | 1-year CD | 12 Month CD |
| 0.05% | Savings | Savings Account |
Overview / Commentary
Independent Bank (TN) is headquartered in Memphis and is the 16th largest bank in the state of Tennessee. It is also the 750th largest bank in the nation. It was established in 1998 and as of December of 2017, it had grown to 217 employees at 10 locations. Independent Bank (TN) has an A health rating.
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Health
A
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34728 |
| Year Established | 1998 |
| Employees | 217 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 7.19% |
| Annual Interest Income | $44.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $1.00B$1.01B |
| Loans | Q4 2017vs Q4 2016 | $796.2MM$838.2MM |
| Deposits | Q4 2017vs Q4 2016 | $850.2MM$878.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $120.4MM$114.6MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $8.1MM$9.6MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $3.4MM$5.1MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $1.9MM$819.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Independent Bank (TN) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $100 | - | Savings Account |
Independent Bank (TN) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $15k* | - | Money Market Savings | ||
| OTHER TIERS: 0.05% → Up to $15k | |||||
Independent Bank (TN) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $5k | - | Package Account | |
| 0.05% | $1k | - | Interest Checking Account |
Independent Bank (TN) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.95% | $100 | - | 60 Month CD | |
| 0.60% | $100 | - | 36 Month CD | |
| 0.20% | $100 | - | 12 Month CD | |
| 0.15% | $1k | - | 6 Month CD |
Independent Bank (TN) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.95% | $1k | - | 60 Month IRA | |
| 0.65% | $1k | - | 48 Month IRA | |
| 0.40% | $1k | - | 24 Month IRA | |
| 0.25% | $1k | - | Floating Rate 18 Month IRA | |
| 0.20% | $100 | - | 12 Month IRA |
Locations
| Independent Bank (TN) Locations | ||
|---|---|---|
| Union Avenue Branch | 1711 Union Avenue | Memphis, TN 38104 |
| Independent Bank Collierville Branch | 2116 West Poplar | Collierville, TN 38017 |
| Poplar/Holmes Branch | 3295 Poplar Avenue | Memphis, TN 38111 |
| Downtown Commerce Square Branch | 40 South Main Street | Memphis, TN 38103 |
| Laurelwood Branch | 450 Perkins Extd | Memphis, TN 38117 |
| Independent Bank | 5050 Poplar Avenue | Memphis, TN 38157 |
| Kroger-Bartlett Branch | 5995 Stage Road | Bartlett, TN 38134 |
| Poplar Avenue Branch | 6209 Poplar Avenue | Memphis, TN 38119 |
| Germantown Branch | 7635 Poplar Avenue | Germantown, TN 38138 |