Institution Class	Commercial bank, state charter, Fed member, supervised by FRB
Primary Regulator	FED
Established Date	08/02/1947
Community Bank	Yes
Ownership Type	Not Mutual
ZIP	35660
State and County Number	01033
Subchapter S Corporations	No
Trust Powers	Full Trust Powers Granted
Federal Reserve ID Number	06
Numeric code	13
Insured by FDIC	Institutions that are currently open and insured by the FDIC
Federal Reserve District	Atlanta
Core Based Statistical Area Name	Florence-Muscle Shoals, AL

Operational Info

Number of Employees	696
Domestic Offices	34
Foreign Offices	0
US Offices	0
Directly owned by another bank (CERT)	No
Last Structure Change Effective Date	08/31/2022
Date of Deposit Insurance	08/02/1947
Primary Insurance Agency	DIF
Website	www.bibank.com
Data Updated	11/14/2025
CERT	16604
Office of The Comptroller District:	—
Office of Thrift Supervision Region	N/A

Financial Summary

Total Assets	$2.86B
Total Deposits	$2.47B
Total Liabilities	$2.60B
Total Equity Capital	$259.14M
Net Income	$7.11M
Net Loans and Leases	$1.81B
Assets Per Employee ($Millions)	$4.15M
Bank Premises and Fixed Assets	$165.69M
Cash and Balances due from Depository Institutions	$321.73M
Deposits Held in Domestic Offices	$2.47B

Return on Assets (ROA)	1.01%
Return on Equity (ROE)	11.16%
Net Interest Margin	5.07%
Efficiency Ratio	71.11%
Tier 1 Risk-Based Capital Ratio	11.783%
Net Loans and Leases to Core Deposits	0%
Credit Loss Provision to Assets	0.18%
Cash Dividends to Net Income (YTD Only)	0%
Equity Capital to Assets	9.057%
Earning Assets to total Assets	88.3%

Total Interest Income	$41.84M
Total Noninterest Income	$5.06M
Total Interest Expense	$10.54M
Total Noninterest Expense	$25.85M
Net Interest Income	$31.29M
Pre-tax Net Operating Income	$9.25M
Provision for Credit Losses	$1.25M
Discontinued Operations (Extraordinary Gains - Net)	$0

Goodwill and Other Intangibles	$0
All Other Assets	$0
Other Real Estate Owned	$993.00k
Other borrowed funds	$60.00M
Federal Funds Sold & Reverse Repurchase Agreement	$0
Federal Funds Purchased and Repurchased Agreement	$18.73M
All Other Liabilities	$49.54M
Total Liabilities and Capital	$2.86B

Securities	$449.01M
Available-for-sale debt securities	$449.01M
Equity securities with readily determinable fair values not held for trading	$0
Held-to-maturity securities	$0
Subordinated Debt	$0
Trading Account Assets	$0
Trading Liabilities	$0

What are the total assets of Bank Independent?

$2.86B as of the latest filing.

How much are Bank Independent's total deposits?

$2.47B in total deposits.

Where is Bank Independent located?

Sheffield, AL.

What is the Net Interest Margin?

5.07%.

How many domestic offices does it operate?

34.

When was it established?

08/02/1947.

What is the Return on Assets (ROA)?

1.01%.

How much are total loans and leases?

$1.81B (latest filing).

What is the total interest income (latest filing)?

$41.84M.