Independent Bank (Memphis, TN): Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Asset quality shifted last quarter, NPLs rose to 0.81% from 0.07% in the prior period. Headquartered in Memphis, Independent Bank serves the Tennessee market as a community-focused commercial bank. Independent's Q2 2026 balance sheet shows $1.9B in assets funded primarily by $1.6B in customer deposits. The bank posts a strong 1.33% ROA and 11.85% ROE. Capital cushions are healthy: 10.22% CET1, 10.60% Tier 1 leverage. Asset quality is solid, 0.81% nonperforming loans and a 8.39% Texas Ratio. Its footprint covers 12 branches concentrated in Tennessee.
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 0.81%, a Texas ratio of 8.39%, per financial data filed with the FFIEC.
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
- Offices
- 12 domestic
- Employees (FTE)
- 240
- Domestic deposits
- $1.62B
- Allowance for credit losses
- $14.7M
- Net charge-offs (YTD)
- $2.4M
- 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
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Independent Bank terminal
25 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Independent Bank, freeIndependent Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.22% | 1.33% | 0.81% | 8.39% | 4.68% |
| Q1 2026 | 10.62% | 1.29% | 0.07% | 4.46% | 4.71% |
| Q4 2025 | 10.45% | 1.26% | 0.12% | 3.48% | 4.68% |
| Q3 2025 | 10.23% | 1.47% | 0.16% | 3.65% | 4.66% |
| Q2 2025 | 9.82% | 1.30% | 0.10% | 3.76% | 4.55% |
| Q1 2025 | 10.89% | 0.99% | 0.10% | 3.26% | 4.49% |
| Q4 2024 | 10.45% | 1.17% | 0.08% | 2.16% | 4.54% |
| Q3 2024 | 10.69% | 1.38% | 0.14% | 2.86% | 4.50% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 9 branches →
| 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
What the public regulatory sources show for Independent Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.6% of deposits in TN, rank 25 of 165 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- 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.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
Add this badge to your website
Free to use. The badge always shows Independent Bank’s most recent filed regulatory figures. It updates automatically each quarter, so it never goes stale.
Similar banks
Compare Independent Bank with peers
Side-by-side comparison of capital, profitability, asset quality, and balance sheet. Pick a peer to view the full head-to-head.
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. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Independent Bank headquartered?
Independent Bank is headquartered in Memphis, TN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was Independent Bank founded?
Independent Bank was established in 1998, per the FDIC institution directory.
Is Independent Bank FDIC-insured?
Yes. Independent Bank 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. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Independent Bank's CET1 capital ratio?
Independent Bank 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?
Independent Bank 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?
Independent Bank's Texas Ratio is 8.39% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
Go deeper on Independent Bank.
Unlock the full terminal: 25 years of quarterly trends, peer benchmarking, watch flags, and Excel tearsheets for this bank and every other US institution.
Unlock Independent Bank, freeFree account