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SimplyBank


Overview / Commentary
www.mysimplybank.com
423-365-8400
369 Front Street
Spring City, TN 37381

SimplyBank is headquartered in Spring City and is the 53rd largest bank in the state of Tennessee. It is also the 1,892nd largest bank in the nation. It was established in 1890 and as of September of 2020, it had grown to 87 employees at 7 locations. SimplyBank has an A health rating.

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Health
A

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10693
Year Established1890
Employees87
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD13.94%
Annual Interest Income$14.6MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$408.6MM$368.1MM
LoansQ3 2020vs Q3 2019$307.1MM$295.3MM
DepositsQ3 2020vs Q3 2019$362.3MM$319.3MM
Equity CapitalQ3 2020vs Q3 2019$36.3MM$33.5MM
Loan Loss AllowanceQ3 2020vs Q3 2019$4.0MM$3.5MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.5MM$983.00K
Real Estate OwnedQ3 2020vs Q3 2019$27.00K$163.00K
Rates
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SimplyBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-36 Month Quarterly Certificate
0.20%$1k-48 Month Quarterly Certificate
0.20%$1k-60 Month Quarterly Certificate
0.15%$1k-24 Month Quarterly Certificate
0.10%$1k-12 Month Quarterly Certificate

SimplyBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$25-36 Month Fixed Rate IRA
0.20%$25-48 Month Fixed Rate IRA
0.20%$25-60 Month Fixed Rate IRA
0.15%$25-24 Month Fixed Rate IRA
0.10%$25-12 Month Fixed Rate IRA
Locations


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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