Independent Bank
Memphis, TN
IDRSSD: 2666400
Total Assets
$1.73B
Latest filing
Total Deposits
$1.45B
Latest filing
Net Interest Margin
4.62%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Independent Bank
5050 Poplar Avenue
Memphis, TN 38157
Full Service - Brick and Mortar
Updated 11/14/2025Established 04/20/1998FDIC Certificate 61412
Branches (11)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Independent Bank (Main) | 5050 Poplar Avenue | Memphis, TN |
| POPLAR AVENUE BRANCH | 6209 Poplar Ave | Memphis, TN |
| INDEPENDENT BANK COLLIERVILLE BRANCH | 2116 W Poplar Ave | Collierville, TN |
| UNION AVENUE BRANCH | 1711 Union Ave | Memphis, TN |
| POPLAR/HOLMES BRANCH | 3295 Poplar Ave | Memphis, TN |
| KROGER-BARTLETT BRANCH | 5995 Stage Rd | Bartlett, TN |
| LAURELWOOD BRANCH | 450 Perkins Extd | Memphis, TN |
| GERMANTOWN BRANCH | 7635 Poplar Ave | Germantown, TN |
Showing 7 of 11
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 non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 04/20/1998 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 38157 |
| State and County Number | 47157 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 08 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Dallas |
| Core Based Statistical Area Name | Memphis, TN-MS-AR |
Operational Info
| Number of Employees | 237 |
| Domestic Offices | 12 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/16/2021 |
| Date of Deposit Insurance | 04/20/1998 |
| Primary Insurance Agency | DIF |
| Website | www.i-bankonline.com |
| Data Updated | 11/14/2025 |
| CERT | 34728 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.73B |
| Total Deposits | $1.45B |
| Total Liabilities | $1.54B |
| Total Equity Capital | $187.13M |
| Net Income | $6.32M |
| Net Loans and Leases | $1.29B |
| Assets Per Employee ($Millions) | $7.29M |
| Bank Premises and Fixed Assets | $5.15M |
| Cash and Balances due from Depository Institutions | $62.38M |
| Deposits Held in Domestic Offices | $1.45B |
Key Performance Ratios
| Return on Assets (ROA) | 1.43% |
| Return on Equity (ROE) | 13.52% |
| Net Interest Margin | 4.62% |
| Efficiency Ratio | 54.21% |
| Tier 1 Risk-Based Capital Ratio | 10.229% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.62% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.824% |
| Earning Assets to total Assets | 77.85% |
Income and Expense
| Total Interest Income | $27.35M |
| Total Noninterest Income | $8.66M |
| Total Interest Expense | $11.94M |
| Total Noninterest Expense | $13.05M |
| Net Interest Income | $15.41M |
| Pre-tax Net Operating Income | $8.31M |
| Provision for Credit Losses | $2.71M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $2.23M |
| Other borrowed funds | $51.70M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $30.00M |
| All Other Liabilities | $11.47M |
| Total Liabilities and Capital | $1.73B |
Securities
| Securities | $6.85M |
| Available-for-sale debt securities | $270.00k |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $6.58M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Independent Bank?
$1.73B as of the latest filing.
How much are Independent Bank's total deposits?
$1.45B in total deposits.
Where is Independent Bank located?
Memphis, TN.
What is the Net Interest Margin?
4.62%.
How many domestic offices does it operate?
12.
When was it established?
04/20/1998.
What is the Return on Assets (ROA)?
1.43%.
How much are total loans and leases?
$1.29B (latest filing).
What is the total interest income (latest filing)?
$27.35M.