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Bank Independent
Sheffield, AL · FDIC Certificate #16604 · Chartered 08/0
Total assets
$2.86B
Total deposits
$2.47B
Total equity
$292.16M
Net loans
$1.83B
Branches (offices)
33
Net income (YTD)
$9.26M
Rank: #448 of 4,213 U.S. banks by assets · #6 of 93 in Alabama. Assets changed 2.8% and deposits 3.4% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.63% |
| Return on equity | 6.52% |
| Net interest margin (YTD) | 4.53% |
| Equity to assets | 10.21% |
| Tier 1 leverage ratio | 9.82% |
| Uninsured deposits (share of deposits) | 42.9% |
| Noncurrent loans (share of loans) | 0.22% |
| Net charge-offs (share of loans) | 0.24% |
| Loans to deposits | 74.4% |
| Real estate loans (share of loans) | 76.7% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.41B | 76.7% | |
| Commercial & industrial | $424.36M | 23.1% | |
| Consumer / individual | $23.21M | 1.3% | |
| Construction & development | $187.88M | 10.2% | |
| Agricultural | $3.68M | 0.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $2.27B | $1.96B | $9.14M | $172.28M |
| Jun 2023 | $2.48B | $2.12B | $12.59M | $201.39M |
| Jun 2024 | $2.71B | $2.31B | $11.58M | $224.54M |
| Jun 2025 | $2.78B | $2.38B | $14.14M | $250.46M |
| Jun 2026 | $2.86B | $2.47B | $9.26M | $292.16M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Alabama | $2.47B | 33 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $2.47B.
Similar-sized banks
Webbank ($2.86B) · Industrial And Commercial Bank Of China Usa, National Association ($2.86B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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