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 Bank Independent
Bank Independent
| RSSD ID 539032 | CERTIFICATE 16604 | ABA NUMBER 62205791 |
| 710 S Montgomery Ave |
Quarter Ended : |
2025-03-31 |
| Sheffield, Alabama, 35660 |
Updated : |
2025-05-13 |
| www.bibank.com |
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| Institution Profile |
| Year Opened : |
1947 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
34 |
Number of Employees : |
695 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 2,787,828 |
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Total Interest Income | 39,787 |
| Total Liabilities | 2,543,847 |
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Total NonInterest Income | 5,743 |
| Total Bank Equity Capital | 243,981 |
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Total Interest Expense | 10,108 |
| Total Deposits | 2,392,308 |
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Total NonInterest Expense | 26,505 |
| Net Loans & Leases | 1,838,624 |
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Net Income | 6,453 |
| Loan Loss Allowance | 24,413 |
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Net Charge Offs | 676 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 262,602 |
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Total loans | 1,916,027 |
| Total assets for the leverage ratio | 2,766,464 |
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Loans secured by real estate: | 1,492,004 |
| Tier 1 Leverage Ratio | 8.61 |
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Commercial and industrial loans | 399,869 |
| Tier 1 Capital Ratio | 10.93 |
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Loans to individuals - Credit Cards | 1,440 |
| Total Capital Ratio | 12.05 |
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Loans to individuals - Other | 20,072 |
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:· Bank Independent
