SimplyBank is headquartered in Dayton and is the 38th largest bank in the state of Tennessee. It is also the 1,285th largest bank in the nation. It was established in 1890 and as of March of 2022, it had grown to 129 employees at 15 locations. SimplyBank has a B+ health rating.
Overall | |
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FDIC Certificate # | 10693 |
Year Established | 1890 |
Employees | 129 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.18% |
Return on Equity - YTD | 13.87% |
Annual Interest Income | $7.3MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $727.2MM$693.1MM |
Loans | Q1 2022vs Q1 2021 | $519.2MM$482.0MM |
Deposits | Q1 2022vs Q1 2021 | $658.1MM$618.5MM |
Equity Capital | Q1 2022vs Q1 2021 | $59.7MM$63.9MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $5.2MM$6.2MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $6.3MM$8.8MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $431.00K$453.00K |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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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 |