Bank Independent
Bank Independent reported total assets of $2.9 bn at Q2 2026, up 2.8% on a year earlier, the 442nd largest of 497 banks in our US coverage. The CET1 capital ratio at Bank Independent was 13.22%, and the uninsured share of Bank Independent was 42.85%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Bank Independent slipped from 218th to 444th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Bank Independent has one of the highest efficiency ratio readings among banks of $1 bn to $10 bn: 80.19% at , against a median of 56.87% across 339 banks (FDIC Call Reports).
- The return on assets (ROA) of Bank Independent, 0.63% at , places Bank Independent in the bottom tenth of banks of $1 bn to $10 bn (group median 1.32%; FDIC Call Reports).
What sets Bank Independent apart
- Over the year to , the net interest margin of Bank Independent fell by 0.35 pp to 4.53%, a bigger fall than at 96% of covered banks.
How large is Bank Independent?
The balance sheet of Bank Independent at : assets $2.9 bn, deposits $2.5 bn, net loans $1.8 bn (loans equal to 74.37% of deposits). Securities make up 16.0% of total assets at Bank Independent. Since , when Bank Independent held $1.2 bn, its assets grew 130.4%. In the year to , deposits at Bank Independent rose 3.4% while its total assets rose 2.8%. At , Bank Independent employed 655 full-time equivalent staff across 34 offices, about $4.4 mn of assets per employee and $72.5 mn of deposits per office.
How much funding at Bank Independent is uninsured?
At Bank Independent, uninsured deposits (above the FDIC limit) made up 42.85% of domestic deposits at (+6.98 pp on a year earlier); Bank Independent ranks 158th of 500 on this measure. In dollars, Bank Independent estimated $1.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.5 bn | +3.4% | 425th of 499 |
| Net loans and leases | $1.8 bn | +0.3% | 460th of 500 |
| Loan-to-deposit ratio | 74.37% | -2.27 pp | 391st of 500 |
| Tier 1 leverage ratio | 9.82% | +1.01 pp | 326th of 500 |
| Total risk-based capital ratio | 14.42% | +1.98 pp | 218th of 448 |
| Net interest margin | 4.53% | -0.35 pp | 58th of 500 |
| Return on assets (ROA) | 0.63% | -0.38 pp | 458th of 500 |
| Efficiency ratio | 80.19% | +7.65 pp | 476th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $11.7 mn | Narrowed by $677,000 | |
| Noncurrent loans to total loans | 0.22% | +0.02 pp | 70th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.24% | +0.11 pp | 368th of 500 (1 = lowest) |
US rank of Bank Independent: 1 = highest unless marked 1 = lowest.
Balance sheet
Bank Independent: assets, deposits and loans
- Total assets $2.9bn
- Deposits $2.5bn
- Net loans $1.8bn
Capital and securities
The CET1 ratio of Bank Independent stood at 13.22% in , +1.94 pp year on year. Low and high at Bank Independent since : 9.75% () to 13.22% (). Equity capital of Bank Independent at : $292.2 mn, or 10.2% of total assets. Bank Independent also reported a total capital ratio of 14.42% for , and a tier 1 leverage ratio of 9.82%.
The available-for-sale portfolio of Bank Independent showed an unrealized loss of $11.7 mn at ; the loss narrowed by $677,000 over the year.
Bank Independent: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.8%
Bank Independent: unrealized securities gains and losses
- Available for sale -$12mn
- Held to maturity $0
Profitability and loan quality
For the year to , Bank Independent earned a return on equity of 6.52%; return on assets: 0.63%. Net interest margin at Bank Independent: 4.53%, -0.35 pp in a year. Bank Independent net income: $9.3 mn, down 34.5% year on year. The efficiency ratio of Bank Independent was 80.19%: about 80 cents cost per revenue dollar, against 73 cents at the median peer.
At , noncurrent loans were 0.22% of total loans at Bank Independent; net charge-offs: 0.24% of average loans. Gross loans and leases at Bank Independent: $1.9 bn, up 0.4% in a year.
Bank Independent: profitability
- Return on equity 6.5%
- Net interest margin 4.5%
- Return on assets 0.6%
Peer group of Bank Independent
The peer group of Bank Independent is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Bank Independent (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Alabama. Against them, Bank Independent shows CET1 ratio 13.22% against a peer median of 14.59%, return on equity 6.52% against a peer median of 13.08% and uninsured deposit share 42.85% against a peer median of 42.26%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Jefferson Bank | State nonmember bank | TX | $2.9 bn | not reported | 13.07% | 56.54% | |
| BayCoast Bank | State-chartered stock savings bank | MA | $2.9 bn | 10.77% | 5.65% | 32.75% | |
| WebBank | State nonmember bank | UT | $2.9 bn | 18.10% | 28.37% | 13.87% | |
| Bank Independent | State member bank | AL | $2.9 bn | 13.22% | 6.52% | 42.85% | |
| Industrial and Commercial Bank of China USA | National bank | NY | $2.9 bn | 17.53% | 3.88% | 37.25% | |
| ANB Bank | State member bank | CO | $2.9 bn | 14.59% | 13.09% | 47.27% | |
| Lakeside Bank | State nonmember bank | IL | $2.9 bn | 12.41% | 17.28% | 51.67% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bank Independent, to : assets +4.6%, deposits +5.9%, equity +24.2%. Staff 651 to 655.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.8 bn | $2.8 bn | $2.8 bn | $2.9 bn | $3.0 bn | $3.0 bn | $2.9 bn |
| Total deposits | $2.3 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.5 bn |
| Bank equity capital | $235.2 mn | $237.2 mn | $244.0 mn | $250.5 mn | $259.1 mn | $266.6 mn | $293.5 mn | $292.2 mn |
| CET1 ratio | 10.71% | 11.23% | 10.93% | 11.28% | 11.66% | 12.09% | 13.19% | 13.22% |
| Return on equity (ROE) | 11.37% | 11.41% | 10.73% | 11.60% | 11.44% | 11.51% | 9.88% | 6.52% |
| Uninsured share of domestic deposits | 31.07% | 31.83% | 36.20% | 35.87% | 34.55% | 36.13% | 42.82% | 42.85% |
| Full-time equivalent employees | 651 | 685 | 695 | 696 | 690 | 701 | 662 | 655 |
| Number of offices | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Bank Independent appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Bank Independent?
Bank Independent reported $2.9 bn at in its Call Report. That makes Bank Independent the 442nd largest of 497 banks in our US coverage.
Is Bank Independent the same as its holding company?
No. This page covers Bank Independent, FDIC certificate 16604; BANCINDEPENDENT INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bank Independent profitable?
Bank Independent reported net income of $9.3 mn for the year to ; annualized return on equity: 6.52%. So yes: Bank Independent made a profit over these months.
When is data for Bank Independent next updated?
Figures from Bank Independent for are due after .
Where can I check the figures for Bank Independent?
In the FDIC BankFind Suite record for certificate 16604, and in the Call Reports of Bank Independent (RSSD ID 539032) at the FFIEC Central Data Repository.