i-bank is headquartered in Memphis and is the 19th largest bank in the state of Tennessee. It is also the 796th largest bank in the nation. It was established in 1998 and as of June of 2020, it had grown to 224 employees at 12 locations. i-bank has an A health rating.
I-Bank is an outstanding bank for personal and business banking needs. The bank carries an A rating in regards to its financial strength and that is important. The employees are courteous and go that “extra mile”. I consider I-Bank the best bank in the Memphis, Tennessee area!
|FDIC Certificate #||34728|
|Return on Assets - YTD||1.22%|
|Return on Equity - YTD||10.02%|
|Annual Interest Income||$26.1MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$1.17B$1.04B|
|Loans||Q2 2020vs Q2 2019||$925.1MM$850.7MM|
|Deposits||Q2 2020vs Q2 2019||$1.02B$872.7MM|
|Equity Capital||Q2 2020vs Q2 2019||$140.0MM$130.8MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$8.3MM$8.5MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$6.9MM$4.2MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$6.4MM$2.5MM|
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|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|