SimplyBank

Overview / Commentary

www.mysimplybank.com

423-775-8400

420 3Rd Ave
Dayton, TN 37321

SimplyBank is headquartered in Dayton and is the 39^th largest bank in the state of Tennessee. It is also the 1,326^th largest bank in the nation. It was established in 1890 and as of June of 2021, it had grown to 129 employees at 13 locations. SimplyBank has a B+ health rating.

View all posts from:

2018
2017

10/7 - EXPIRED - 21-Month Quarterly CD, 3.13% APY

8/14 - First Bank of Tennessee Ups 60-Month CD Rate

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Health

B+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10693
Year Established	1890
Employees	129
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.59%
Return on Equity - YTD	6.21%
Annual Interest Income	$14.3MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$688.8MM$417.2MM
Loans	Q2 2021vs Q2 2020	$476.8MM$316.1MM
Deposits	Q2 2021vs Q2 2020	$613.4MM$368.0MM
Equity Capital	Q2 2021vs Q2 2020	$66.0MM$36.0MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$6.5MM$3.8MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$9.0MM$2.6MM
Real Estate Owned	Q2 2021vs Q2 2020	$595.00K$109.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SimplyBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$10	-	Christmas Club Savings Account
0.05%	$10	-	Vacation Club Savings
0.05%	-	-	Simply Savings
0.05%	-	-	Simply Business Savings

SimplyBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$1m^*	-	Simply Money Market
OTHER TIERS: 0.05% → Up to $100k \| 0.10% → $100k - $250k \| 0.15% → $250k - $1m

SimplyBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.02%^*	$1k^*	-	Simply High Interest Checking
OTHER TIERS: 0.01% → Up to $1k
0.01%	-	-	Simply Direct Interest Checking
0.01%	-	-	Simply 50 Interest Checking
0.01%	-	-	Simply Business Interest Checking

SimplyBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	$1k	-	60 Month Quarterly Certificate
0.60%	$1k	-	48 Month Quarterly Certificate
0.50%	$1k	-	36 Month Quarterly Certificate
0.40%	$1k	-	24 Month Quarterly Certificate
0.35%	$1k	-	12 Month Quarterly Certificate

SimplyBank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	$25	-	60 Month Fixed Rate IRA
0.60%	$25	-	48 Month Fixed Rate IRA
0.50%	$25	-	36 Month Fixed Rate IRA
0.40%	$25	-	24 Month Fixed Rate IRA
0.35%	$25	-	12 Month Fixed Rate IRA

Locations

Availability

Chattanooga Area

Chattanooga Area bank & credit union details

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