SimplyBank is headquartered in Spring City and is the 56th largest bank in the state of Tennessee. It is also the 1,937th largest bank in the nation. It was established in 1890 and as of December of 2020, it had grown to 89 employees at 8 locations. SimplyBank has an A health rating.
Overall | |
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FDIC Certificate # | 10693 |
Year Established | 1890 |
Employees | 89 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.08% |
Return on Equity - YTD | 11.88% |
Annual Interest Income | $19.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $404.7MM$361.1MM |
Loans | Q4 2020vs Q4 2019 | $306.9MM$292.3MM |
Deposits | Q4 2020vs Q4 2019 | $358.5MM$312.4MM |
Equity Capital | Q4 2020vs Q4 2019 | $36.4MM$35.6MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $4.1MM$3.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.4MM$865.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $3.00K$122.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $10 | - | Christmas Club Savings Account | |
0.05% | $10 | - | Vacation Club Savings | |
0.05% | - | - | Simply Savings | |
0.05% | - | - | Simply Business Savings |
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
SimplyBank Locations | ||
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Harriman Branch | 1031 South Roane Street | Harriman, TN 37748 |
South Dayton Branch | 3001 Rhea County Hwy | Dayton, TN 37321 |
First Bank Of Tennessee | 369 Front Street | Spring City, TN 37381 |
Dayton Branch | 420 3rd Ave | Dayton, TN 37321 |
Benton Branch | 6195 U.S. Highway 411 | Benton, TN 37307 |
Rockwood Branch | 996 North Gateway Avenue | Rockwood, TN 37854 |
Simply Bank Branch | 116 North Main Street | Decatur, TN 37322 |