Independent Bank (TN)
Overview / Commentary
Independent Bank (TN) is headquartered in Memphis and is the 16th largest bank in the state of Tennessee. It is also the 763rd largest bank in the nation. It was established in 1998 and as of March of 2017, it had grown to 215 employees at 10 locations. Independent Bank (TN) has an A+ health rating.
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Health
A+
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34728 |
| Year Established | 1998 |
| Employees | 215 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 8.52% |
| Annual Interest Income | $11.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $982.7MM$986.8MM |
| Loans | Q1 2017vs Q1 2016 | $804.0MM$857.7MM |
| Deposits | Q1 2017vs Q1 2016 | $855.3MM$825.9MM |
| Equity Capital | Q1 2017vs Q1 2016 | $114.1MM$106.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $9.4MM$9.7MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $5.1MM$5.2MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $984.00K$1.4MM |
Rates
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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 |