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Independent Bank
Memphis, TN · FDIC Certificate #34728 · Chartered 04/2
Total assets
$1.85B
Total deposits
$1.62B
Total equity
$195.11M
Net loans
$1.32B
Branches (offices)
9
Net income (YTD)
$11.12M
Rank: #637 of 4,213 U.S. banks by assets · #13 of 109 in Tennessee. Assets changed 3.3% and deposits 4.6% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.26% |
| Return on equity | 11.56% |
| Net interest margin (YTD) | 4.62% |
| Equity to assets | 10.52% |
| Tier 1 leverage ratio | 10.60% |
| Uninsured deposits (share of deposits) | 25.4% |
| Noncurrent loans (share of loans) | 0.85% |
| Net charge-offs (share of loans) | 0.36% |
| Loans to deposits | 81.4% |
| Real estate loans (share of loans) | 30.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $395.52M | 30.0% | |
| Commercial & industrial | $151.70M | 11.5% | |
| Consumer / individual | $588.17M | 44.6% | |
| Construction & development | $68.70M | 5.2% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.24B | $1.08B | $8.97M | $153.13M |
| Jun 2023 | $1.43B | $1.14B | $10.41M | $163.03M |
| Jun 2024 | $1.57B | $1.27B | $8.93M | $167.97M |
| Jun 2025 | $1.79B | $1.55B | $9.08M | $186.59M |
| Jun 2026 | $1.85B | $1.62B | $11.12M | $195.11M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Tennessee | $1.62B | 9 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.62B.
Similar-sized banks
Fall River Five Cents Savings Bank ($1.86B) · Cornerstone Bank ($1.85B)
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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