Overview / Commentary
369 Front Street
Spring City, TN 37381

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.


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Health Grade Components

FDIC Certificate #10693
Year Established1890
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD11.88%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$404.7MM$361.1MM
LoansQ4 2020vs Q4 2019$306.9MM$292.3MM
DepositsQ4 2020vs Q4 2019$358.5MM$312.4MM
Equity CapitalQ4 2020vs Q4 2019$36.4MM$35.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$4.1MM$3.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.4MM$865.00K
Real Estate OwnedQ4 2020vs Q4 2019$3.00K$122.00K
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Always verify rates and promotions with the bank or credit union. We are not SimplyBank; we are a rate comparison website and cannot provide official rates or promotions.

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

SimplyBank Savings Account Rates

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

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

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

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

SimplyBank Locations
Harriman Branch1031 South Roane StreetHarriman, TN 37748
South Dayton Branch3001 Rhea County HwyDayton, TN 37321
First Bank Of Tennessee369 Front StreetSpring City, TN 37381
Dayton Branch420 3rd AveDayton, TN 37321
Benton Branch6195 U.S. Highway 411Benton, TN 37307
Rockwood Branch996 North Gateway AvenueRockwood, TN 37854
Simply Bank Branch116 North Main StreetDecatur, TN 37322

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