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 1,291^st 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.

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 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10693
Year Established	1890
Employees	134
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	10.72%
Annual Interest Income	$14.5MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$723.0MM$688.8MM
Loans	Q2 2022vs Q2 2021	$532.0MM$476.8MM
Deposits	Q2 2022vs Q2 2021	$658.5MM$613.4MM
Equity Capital	Q2 2022vs Q2 2021	$55.8MM$66.0MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$5.7MM$6.5MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$5.7MM$9.0MM
Real Estate Owned	Q2 2022vs Q2 2021	$431.00K$595.00K

Rates

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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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