Overview / Commentary
369 Front Street
Spring City, TN 37381

SimplyBank is headquartered in Spring City and is the 54th largest bank in the state of Tennessee. It is also the 1,856th largest bank in the nation. It was established in 1890 and as of June of 2020, it had grown to 90 employees at 7 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 - YTD1.44%
Return on Equity - YTD15.69%
Annual Interest Income$10.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$417.2MM$365.4MM
LoansQ2 2020vs Q2 2019$316.1MM$284.8MM
DepositsQ2 2020vs Q2 2019$368.0MM$313.4MM
Equity CapitalQ2 2020vs Q2 2019$36.0MM$34.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.8MM$3.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.6MM$511.00K
Real Estate OwnedQ2 2020vs Q2 2019$109.00K$2.5MM
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SimplyBank CD Rates

0.65%$1k-60 Month Quarterly COD
0.55%$1k-48 Month Quarterly COD
0.45%$1k-36 Month Quarterly COD
0.40%$1k-30 Month Quarterly COD
0.35%$1k-24 Month Quarterly COD
0.30%$1k-18 Month Quarterly COD
0.25%$1k-12 Month Quarterly COD
0.10%$1k-182 Day COD
0.05%$1k-91 Day COD

SimplyBank IRA Rates

0.65%$25-60 Month Fixed Rate IRA
0.55%$25-48 Month Fixed Rate IRA
0.45%$25-36 Month Fixed Rate IRA
0.40%$25-30 Month Fixed Rate IRA
0.35%$25-24 Month Fixed Rate IRA
0.30%$25-18 Month Fixed Rate IRA
0.25%$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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