Overview / Commentary
Independent Bank (TN) is headquartered in Memphis and is the 17th largest bank in the state of Tennessee. It is also the 764th largest bank in the nation. It was established in 1998 and as of September of 2019, it had grown to 218 employees at 12 locations. Independent Bank (TN)'s money market rates are 48% higher than the national average, and it boasts an A+ health rating.
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Health
A+
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34728 |
| Year Established | 1998 |
| Employees | 218 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 10.57% |
| Annual Interest Income | $39.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.06B$996.8MM |
| Loans | Q3 2019vs Q3 2018 | $881.5MM$804.1MM |
| Deposits | Q3 2019vs Q3 2018 | $887.0MM$828.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $132.4MM$124.6MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $8.5MM$8.1MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $5.7MM$9.4MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $2.4MM$1.6MM |
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 |
|---|---|---|---|---|
| 0.20% | $100 | - | Savings Account | |
| 0.20% | - | $500k | Savings Special - New Money |
Independent Bank (TN) Money Market Rates
Independent Bank (TN) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $100 | - | Interest Checking Special | |
| 0.20% | $100 | - | Package Checking | |
| 0.10% | $100 | - | Interest Checking Account |
Independent Bank (TN) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $1k | - | 15 Month CD Special | |
| 1.30% | $1k | - | 36 Month CD | |
| 1.15% | $1k | - | 24 Month CD | |
| 1.15% | $1k | - | 31 Month CD Special | |
| 1.00% | $1k | - | 12 Month CD | |
| 0.45% | $1k | - | 6 Month CD |
Independent Bank (TN) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $1k | - | 36 Month IRA | |
| 1.15% | $1k | - | 24 Month IRA | |
| 1.00% | $1k | - | 12 Month IRA | |
| 0.45% | $1k | - | 6 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 |