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Bank Independent


ACH Number: 62205791

Bank Independent is an FDIC insured institution headquartered at 710 S Montgomery Ave, Sheffield, AL 35660.
It was founded in 1947 and has approximately $3 billion in assets. Customers can open an account at one of its 28 branches.

Deposit Rates - July 29, 2026

SAVINGS RATES APY MIN
SAV
3.75% $1 Compare
CD RATES APY MIN
3 Mo CD
3.25% $1,000 Compare
5 Mo CD
3.43% $1,000 Compare
6 Mo CD
3.24% $1,000 Compare
7 Mo CD
3.25% $1,000 Compare
12 Mo CD
3.31% $1,000 Compare
17 Mo CD
3.24% $1,000 Compare
18 Mo CD
3.65% $1,000 Compare
24 Mo CD
3.65% $1,000 Compare
36 Mo CD
3.24% $1,000 Compare
48 Mo CD
3.65% $1,000 Compare
60 Mo CD
3.02% $1,000 Compare




Overview 2026

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16604
Date Established 1947
Assets $ 3.01 billion
Loans $ 1,786.43 million
Deposits $ 2.62 billion
Capital $ 266.56 million

Summary Balance Sheet as of December 31, 2025

ASSETS
Cash & Balances due from depository institutions $ 506.56 million
Interest-bearing balances $ 450.21 million
Total securities $ 421.93 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,786.43 million
Loan loss allowance $ 25.72 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.03 million
Goodwill and other intangibles $ 23.76 million
All other assets $ 74.99 million
     Total Assets $ 2.74 billion

LIABILITIES
Total deposits $ 2.62 billion
      Interest-bearing deposits $ 2.08 billion
      Deposits held in domestic offices $ 2.62 billion
      % insured (estimated)" 64.33%
Federal funds purchased and repurchase agreements $ 14.95 million
Trading liabilities N.A.
Other borrowed funds $ 65.00 million
Subordinated debt N.A.
All other liabilities $ 45.42 millionn
      Total Liabilities $ 2.74 billion
      Shareholders’ Equity $ 266.56 million

Summary Income Statement as of December 31, 2025

INCOME AND EXPENSES
Total Interest Income $ 163.89 million
Total Interest Expense $ 41.13 million
Net interest income $ 122.76 million
Provision for loan and lease losses $ 5.10 million
Total non interest income $ 24.10 million
Total non interest expense $ 105.16 million
Pre-tax Net Operating Income $ 12.07 million

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