SimplyBank

Overview / Commentary

www.mysimplybank.com

423-775-8400

420 3Rd Ave
Dayton, TN 37321

SimplyBank is headquartered in Dayton and is the 38^th largest bank in the state of Tennessee. It is also the 1,285^th 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.

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 Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10693
Year Established	1890
Employees	129
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.18%
Return on Equity - YTD	13.87%
Annual Interest Income	$7.3MM

Assets and Liabilities
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

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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