Overview / Commentary
Tri-State Bank of Memphis is headquartered in Memphis and is the 125th largest bank in the state of Tennessee. It is also the 4,166th largest bank in the nation. It was established in 1946 and as of June of 2019, it had grown to 25 employees at 1 location. Tri-State Bank of Memphis' money market rates are 70% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Tri-State Bank of Memphis has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16511 |
| Year Established | 1946 |
| Employees | 25 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 1.94% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $93.3MM$91.6MM |
| Loans | Q2 2019vs Q2 2018 | $48.0MM$54.6MM |
| Deposits | Q2 2019vs Q2 2018 | $81.9MM$78.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $11.1MM$13.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.3MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.5MM$1.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $100.00K$211.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Tri-State Bank of Memphis Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.65% | $1k | - | IRA Fixed | ||
| 1.55% | $500 | - | IRA Variable | ||
| 0.20%* | $1k* | - | Regular Savings Account | ||
| OTHER TIERS: 0.01% → Up to $100 | 0.15% → $100 - $1k | |||||
| 0.15% | $25 | - | Christmas Club Account | ||
Tri-State Bank of Memphis Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $100k* | - | Money Market Preferred Savings Account | ||
| OTHER TIERS: 0.05% → $2.5k - $10k | 0.20% → $10k - $50k | 0.50% → $50k - $100k | |||||
Tri-State Bank of Memphis Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $100k* | - | Checking Plus Account | ||
| OTHER TIERS: 0.01% → Up to $1k | 0.05% → $1k - $2.5k | 0.10% → $2.5k - $100k | |||||
Tri-State Bank of Memphis CD Rates
Locations
| Tri-State Bank of Memphis Locations | ||
|---|---|---|
| Tri-State Bank Of Memphis | 4606 Elvis Presley Boulevard | Memphis, TN 38116 |