SimplyBank


Overview / Commentary
423-775-8400
420 3Rd Ave
Dayton, TN 37321

SimplyBank is headquartered in Dayton and is the 39th largest bank in the state of Tennessee. It is also the 1,326th largest bank in the nation. It was established in 1890 and as of June of 2021, it had grown to 129 employees at 13 locations. SimplyBank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10693
Year Established1890
Employees129
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.21%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$688.8MM$417.2MM
LoansQ2 2021vs Q2 2020$476.8MM$316.1MM
DepositsQ2 2021vs Q2 2020$613.4MM$368.0MM
Equity CapitalQ2 2021vs Q2 2020$66.0MM$36.0MM
Loan Loss AllowanceQ2 2021vs Q2 2020$6.5MM$3.8MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$9.0MM$2.6MM
Real Estate OwnedQ2 2021vs Q2 2020$595.00K$109.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

Availability



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