Independent Bank (Memphis, TN)
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Data as of · sourced from FFIEC call reports. How we update
Independent Bank is an FDIC-insured commercial bank headquartered in Memphis, TN, established in 1998 (FDIC certificate 34728), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.85B, up 3.3% from Q2 2025, the 13th largest of 109 banks headquartered in Tennessee. Its CET1 capital ratio was 10.22% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34728
- Headquarters
- Memphis, TN
- Established
- 1998
- Total assets, Q2 2026
- $1.85B
- Assets vs Q2 2025
- +3.3%
- CET1 ratio, Q2 2026
- 10.22%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 084008426
- Holding company
- INDEPENDENT HOLDINGS, INC
- Asset rank in state
- 13th of 109 in Tennessee
Problem loans are rising at Independent Bank. It reported $1.9 billion in assets at June 30, 2026, up 3.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.85% of loans from 0.36% a year earlier. It keeps 4.68 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it holds common equity equal to 10.22% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 13.52%).
The commercial and industrial book ($152 million) is worsening: 2.83% of it is past due or on nonaccrual, up from 0.37% a year earlier. Funding is the softer spot: it pays an average of 2.51% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
As of June 30, 2026, Independent Bank reported a CET1 capital ratio of 10.22%, a return on assets of 1.33%, a nonperforming-loan ratio of 0.85% and a Texas ratio of 7.72%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Independent Bank is the 13th largest of the 109 banks headquartered in Tennessee. From Q1 2026 to Q2 2026, its total assets rose 10.4% to $1.85B, loans rose 1.4% and deposits rose 13.5%. Auto loans made up 39.7% of its total loans on June 30, 2026, its largest category; next came all other loans at 14.8%. Its 9 offices in the FDIC Summary of Deposits are in 4 cities in TN; its Memphis 6 offices book 86% of its branch deposits. Judged on its Q2 2026 call report, Independent Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 5050 Poplar Avenue, Memphis, TN 38157
- County
- Shelby
- Metro Area
- Memphis, TN-Ms-Ar
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 20, 1998
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 240
- Domestic deposits
- $1.62B
- Allowance for credit losses
- $14.7M
- Net charge-offs (YTD)
- $2.4M
- Average total assets
- $1.72B
- Average total loans
- $1.32B
- Average interest-bearing deposits
- $1.53B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 20, 1998
- FDIC Cert
- 34728
- Fed RSSD
- 2666400
- SEC CIK
- 870710 → filed by INDEPENDENT HOLDINGS, INC
- Website
- www.i-bankonline.com →
- Parent Holding Company
- INDEPENDENT HOLDINGS, INC (RSSD 3121193)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Independent Bank's total assets ranged from $1.41B (Q3 2023) to $1.85B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.85B total assets against $1.79B; $1.66B total liabilities against $1.61B.
$1.32B net loans and leases against $1.27B; $1.62B total deposits against $1.55B.
$7.4M securities against $7.2M; $109.4M cash and balances due against $60.4M.
$27.0M total interest income against $26.3M; $10.8M total interest expense against $11.1M.
$16.2M net interest income against $15.2M.
$6.9M total noninterest income against $5.9M; $13.8M total noninterest expense against $13.1M.
$1.8M provision for credit losses against $933K.
$5.7M net income against $5.3M.
1.33% return on assets against 1.30%; 4.68% net interest margin against 4.55%.
10.22% CET1 capital ratio against 9.82%; 10.60% tier 1 leverage ratio against 10.62%.
Inside the full Independent Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeIndependent Bank rankings
Its closest position to the top of a national ranking is 629 of 4,196, for total assets; its furthest is 2,077 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.99% (Q1 2025) to 1.47% (Q3 2025) and its net interest margin ran from 4.49% (Q1 2025) to 4.71% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.22% | 1.33% | 0.85% | 7.72% | 4.68% |
| Q1 2026 | 10.62% | 1.29% | 0.28% | 4.31% | 4.71% |
| Q4 2025 | 10.45% | 1.26% | 0.25% | 3.04% | 4.68% |
| Q3 2025 | 10.23% | 1.47% | 0.27% | 3.09% | 4.66% |
| Q2 2025 | 9.82% | 1.30% | 0.36% | 3.18% | 4.55% |
| Q1 2025 | 10.89% | 0.99% | 0.31% | 2.75% | 4.49% |
| Q4 2024 | 10.45% | 1.17% | 0.20% | 1.70% | 4.54% |
| Q3 2024 | 10.69% | 1.38% | 0.28% | 2.32% | 4.50% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Independent Bank (main office) | Memphis , TN | 38157 | $1.14B |
| Independent Bank Collierville Branch | Collierville , TN | 38017 | $100.8M |
| Germantown Branch | Germantown , TN | 38138 | $97.0M |
| Laurelwood Branch | Memphis , TN | 38117 | $72.0M |
| Poplar Ridgeway Branch | Memphis , TN | 38119 | $67.4M |
| Union Avenue Branch | Memphis , TN | 38104 | $55.5M |
| PoplarHolmes Branch | Memphis , TN | 38111 | $36.1M |
| Kroger-Bartlett Branch | Bartlett , TN | 38134 | $33.7M |
| Downtown Commerce Square Branch | Memphis , TN | 38103 | $18.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in TN, rank 25 of 165 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.2M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 22 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Independent Bank
What are Independent Bank's total assets?
As of the Q2 2026 filing, Independent Bank reported total assets of $1.85 billion in its FFIEC call report.
Where is Independent Bank headquartered?
It is headquartered in Memphis, TN, United States.
When was Independent Bank founded?
It was established in 1998, per the FDIC institution directory.
Is Independent Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34728). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Independent Bank?
Independent Bank's primary federal regulator is the FDIC.
What is Independent Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.22% in its Q2 2026 call report, above regulatory requirements.
How many branches does Independent Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Independent Bank's Texas Ratio?
Its Texas Ratio is 7.72% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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