Vitals
  • Total Assets
    1.0B 3.7 %
  • Total Deposits
    878.4M 6.2 %
  • Total Net Loans
    838.2M 1.2 %
  • Net Income
    9.5M 1.7 %
  • Book Value
    114.6M 9.3 %
  • Book Value x2
    229.2M 9.3 %
  • Book Value x3
    343.8M 9.3 %
ROAA

.952

ROAE

8.706

Efficiency Ratio

61.267

Net Interest Margin

4.729

Balance Sheet Highlights
Financial Highlights Independent Bank All Insured Commercial Banks in Tennessee
Balance Sheet $(000)
Total Assets 1,008,692 350,717
Total Net Loans 838,217 240,957
Total Deposits 878,414 296,573
Total Equity 114,610 37,152
Profitability
Net Income 9,541 3,593
Return on Average Assets .952 .956
Return on Average Equity 8.706 8.82
Net Interest Margin 4.729 4.036
Efficiency Ratio 61.267 69.386
Noninterest Income/Revenue 21.607 17.129
Balance Sheet Ratios
Loan-to-Deposit 95.424 77.925
Securities/Assets .01 .166
Total Equity/Total Assets .114 .106
Tangible Equity/Tangible Assets .099 .103
Capital Adequacy
Tier 1 Common Capital 99,715 35,983
Tier 1 Capital 99,715 36,157
Tier 2 Capital 9,646 2,649
Total Capital 109,361 38,803
Total Risk Weighted Assets 991,647 253,332
Leverage Ratio 9.93 10.564
Common Equity Tier 1 Capital Ratio 10.06 15.215
Tier 1 Capital Ratio 10.06 15.278
Total Capital Ratio 11.03 16.362

Timeline for Independent Bank

Mercury Funding Llc

Mercury Funding Llc became a new subsidiary organization for Independent Bank.

View Profile Dec 20 2010

Independent Community Reinvestment Llc

Independent Community Reinvestment Llc became a new subsidiary organization for Independent Bank.

View Profile Dec 10 2010

Independent Wealth Management, Llc

Independent Wealth Management, Llc became a new subsidiary organization for Independent Bank.

View Profile Nov 16 2010

Independent Holdings, Inc

Independent Holdings, Inc became a new parent organization for Independent Bank.

View Profile Jan 13 2003

Independent Bank

Independent Bank was established 26 years ago and is currently headquartered in Memphis, TN.

Apr 20 1998
Relationships Role Relationship Start Relationship End
Independent Holdings, Inc Parent 1/13/2003
Independent Wealth Management, Llc Subsidary 11/16/2010
Independent Community Reinvestment Llc Subsidary 12/10/2010
Mercury Funding Llc Subsidary 12/20/2010
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