Bank Independent
Sheffield, AL
IDRSSD: 539032
Total Assets
$3.01B
Latest filing
Total Deposits
$2.62B
Latest filing
Net Interest Margin
4.81%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Bank Independent
710 S Montgomery Ave
Sheffield, AL 35660
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/02/1947FDIC Certificate 10746
Branches (33)
Page 1 of 5| Name | Address | City / State |
|---|---|---|
| Bank Independent (Main) | 710 S Montgomery Ave | Sheffield, AL |
| DECATUR BELTLINE BRANCH | 1425 Beltline Rd Sw | Decatur, AL |
| FLORENCE BRANCH | 210 S Pine St | Florence, AL |
| HARTSELLE BRANCH | 902 Highway 31 Nw | Hartselle, AL |
| ATHENS BRANCH | 101 S Clinton St | Athens, AL |
| COURTLAND BRANCH | 360 Alabama Street | Courtland, AL |
| EAST LAWRENCE BRANCH | 22899 Al Highway 24 | Moulton, AL |
| RED BAY BRANCH | 117 4th Ave Se | Red Bay, AL |
Showing 7 of 33
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| 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 | 690 |
| 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 | 01/30/2026 |
| CERT | 16604 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $3.01B |
| Total Deposits | $2.62B |
| Total Liabilities | $2.74B |
| Total Equity Capital | $266.56M |
| Net Income | $7.69M |
| Net Loans and Leases | $1.79B |
| Assets Per Employee ($Millions) | $4.29M |
| Bank Premises and Fixed Assets | $177.47M |
| Cash and Balances due from Depository Institutions | $506.56M |
| Deposits Held in Domestic Offices | $2.62B |
Key Performance Ratios
| Return on Assets (ROA) | 1.05% |
| Return on Equity (ROE) | 11.7% |
| Net Interest Margin | 4.81% |
| Efficiency Ratio | 70.27% |
| Tier 1 Risk-Based Capital Ratio | 12.143% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.16% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.858% |
| Earning Assets to total Assets | 88.35% |
Income and Expense
| Total Interest Income | $41.65M |
| Total Noninterest Income | $6.42M |
| Total Interest Expense | $10.49M |
| Total Noninterest Expense | $26.40M |
| Net Interest Income | $31.15M |
| Pre-tax Net Operating Income | $10.02M |
| Provision for Credit Losses | $1.15M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $1.03M |
| Other borrowed funds | $60.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $14.95M |
| All Other Liabilities | $45.21M |
| Total Liabilities and Capital | $3.01B |
Securities
| Securities | $421.93M |
| Available-for-sale debt securities | $421.93M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Bank Independent?
$3.01B as of the latest filing.
How much are Bank Independent's total deposits?
$2.62B in total deposits.
Where is Bank Independent located?
Sheffield, AL.
What is the Net Interest Margin?
4.81%.
How many domestic offices does it operate?
34.
When was it established?
08/02/1947.
What is the Return on Assets (ROA)?
1.05%.
How much are total loans and leases?
$1.79B (latest filing).
What is the total interest income (latest filing)?
$41.65M.