Vitals
  • Total Assets
    1.3B 8.9 %
  • Total Deposits
    1.1B 8.9 %
  • Total Net Loans
    1.1B 12.3 %
  • Net Income
    11.8M 26.3 %
  • Book Value
    132.9M 3.7 %
  • Book Value x2
    265.8M 3.7 %
  • Book Value x3
    398.7M 3.7 %
ROAA

.94

ROAE

9.055

Efficiency Ratio

73.057

Net Interest Margin

5.454

Balance Sheet Highlights
Financial Highlights Bank Independent All Insured Commercial Banks in Alabama
Balance Sheet $(000)
Total Assets 1,338,709 266,812
Total Net Loans 1,057,082 157,006
Total Deposits 1,146,347 227,200
Total Equity 132,899 30,855
Profitability
Net Income 11,754 2,603
Return on Average Assets .94 .91
Return on Average Equity 9.055 7.525
Net Interest Margin 5.454 3.872
Efficiency Ratio 73.057 69.238
Noninterest Income/Revenue 18.894 15.218
Balance Sheet Ratios
Loan-to-Deposit 92.213 65.031
Securities/Assets .037 .23
Total Equity/Total Assets .099 .116
Tangible Equity/Tangible Assets .081 .114
Capital Adequacy
Tier 1 Common Capital 120,273 30,655
Tier 1 Capital 120,273 30,655
Tier 2 Capital 11,002 1,864
Total Capital 131,275 32,526
Total Risk Weighted Assets 1,152,384 184,216
Leverage Ratio 9.35 11.829
Common Equity Tier 1 Capital Ratio 10.44 18.757
Tier 1 Capital Ratio 10.44 18.762
Total Capital Ratio 11.39 19.824

Timeline for Bank Independent

Interstate Billing Service, Inc.

Interstate Billing Service, Inc. became a new subsidiary organization for Bank Independent.

View Profile Aug 28 2009

The Citizens Bank

Acquisition: Bank Independent acquired a new subsidiary, The Citizens Bank, 15 years

View Profile Dec 06 2008

Crestwood, Ltd.

Crestwood, Ltd. became a new subsidiary organization for Bank Independent.

View Profile Oct 26 1998

Cedar Village, Ltd.

Cedar Village, Ltd. became a new subsidiary organization for Bank Independent.

View Profile Dec 11 1996

Deerpoint Ii, Ltd.

Deerpoint Ii, Ltd. became a new subsidiary organization for Bank Independent.

View Profile Oct 27 1994

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Complete timeline for Bank Independent is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The Citizens Bank Seller 100,667 Acquisition Discontinued 12/6/2008
The Bank Of Florence Seller 16,430 Discontinued 12/1/1982
Relationships Role Relationship Start Relationship End
Bancindependent, Incorporated Parent 7/14/1981
Interstate Billing Service, Inc. Subsidary 8/28/2009
Cedar Village, Ltd. Subsidary 12/11/1996 8/31/2001
Deerpoint Ii, Ltd. Subsidary 10/27/1994 8/31/2001
Crestwood, Ltd. Subsidary 10/26/1998 8/31/2001
Pine Street Properties, Inc. Subsidary 12/1/1982 12/31/1985