SimplyBank

Overview / Commentary

www.mysimplybank.com

423-775-8400

420 3Rd Ave
Dayton, TN 37321

SimplyBank is headquartered in DAYTON and is the 40^th largest bank in the state of Tennessee. It is also the 1,322^nd largest bank in the nation. It was established in 1890 and as of March of 2023, it had grown to 124 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

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10693
Year Established	1890
Employees	124
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.09%
Return on Equity - YTD	12.69%
Annual Interest Income	$8.4MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$694.0MM$727.2MM
Loans	Q1 2023vs Q1 2022	$523.2MM$519.2MM
Deposits	Q1 2023vs Q1 2022	$610.7MM$658.1MM
Equity Capital	Q1 2023vs Q1 2022	$61.2MM$59.7MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$6.3MM$5.2MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$5.2MM$6.3MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$431.00K

Rates

Skip to rates for:

Report an Issue

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.

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.