Bank Independent

710 South Montgomery Avenue
Sheffield, AL 35660


General Bank Information

FDIC Insured Yes
FDIC Certificate # 16604
Date Established 1947
Assets $1.39 billion
Loans $1.14 billion
Deposits $1.18 billion
Capital $0.14 billion

Bank Independent is an FDIC insured institution located in Sheffield, AL. It was founded in 1947 and has approximately $1.39 billion in assets. Customers can open an account at one of its 28 branches.

For a more detailed analysis of Bank Independent's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank Independent’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Alabama, Bank Independent has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.02
Credit Card Loans 0.01
Consumer Auto Loans 0.54
Small Business Loans 9.37
Construction and Development Loans 11.00
Commercial Real Estate 28.66
Commercial and Industrial Loans 21.69
Farm Loans 0.14

Savings Rates

Your Current Location: Virginia, VA 20146

3 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.21% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA 0K
0.31% $1,000 - Learn MoreShow Less
MM 2.5K
0.11% $1 $9,999 Learn MoreShow Less
MM 10K
0.11% $10,000 $49,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank Independent

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.750% 3.750% -0.25 ($162) $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Note to Bank Independent
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Bank Independent Locations

Financial Details

Bank Independent Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank Independent. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank Independent U.S. Bank Average
9.54% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank Independent had $11,790,000 in non-current loans and $2,704,000 in owned real estate. To cover these potential losses it had $139,642,000 in equity and $12,263,000 in loans loss reserves. That gives it a Texas Ratio of 9.54%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank Independent U.S. Bank Average
9.51% 8.58

Bank Independent has a Return on Equity of 9.51% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank Independent U.S. Bank Average
10.05% 12.11

Bank Independent has a Capitalization of 10.05% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank Independent Balance Sheet Analysis

As of June 30, 2017, Bank Independent had assets of $1,389,493,000, loans of $1,142,841,000, and deposits of $1,179,111,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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