Overview / Commentary
420 3Rd Ave
Dayton, TN 37321

SimplyBank is headquartered in Dayton and is the 39th largest bank in the state of Tennessee. It is also the 1,291st largest bank in the nation. It was established in 1890 and as of June of 2022, it had grown to 134 employees at 14 locations. SimplyBank has a B+ health rating.


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Health Grade Components

FDIC Certificate #10693
Year Established1890
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.72%
Annual Interest Income$14.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$723.0MM$688.8MM
LoansQ2 2022vs Q2 2021$532.0MM$476.8MM
DepositsQ2 2022vs Q2 2021$658.5MM$613.4MM
Equity CapitalQ2 2022vs Q2 2021$55.8MM$66.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.7MM$6.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.7MM$9.0MM
Real Estate OwnedQ2 2022vs Q2 2021$431.00K$595.00K
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SimplyBank CD Rates

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

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


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