Independent Bank (FDIC certificate #34728) is based in Memphis, Tennessee. Its Q2 2026 call report shows $1.9B in total assets and $1.6B in deposits and 12 offices.
Based on its Q2 2026 filing, Independent Bank scores 67/100, which we describe as moderate. That is higher than only 44% of 897 banks with $1 billion – $10 billion. Among 109 banks headquartered in Tennessee, it ranks 69th. Its strongest component is problem-loan coverage (86/100; 7.2%), and its lowest is capital cushion (56/100; 10.60%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 4 points (71 → 67), mostly because the loan quality component weakened by 16 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 69 |
| Q3 2024 | 71 |
| Q4 2024 | 70 |
| Q1 2025 | 68 |
| Q2 2025 | 71 |
| Q3 2025 | 70 |
| Q4 2025 | 71 |
| Q1 2026 | 71 |
| Q2 2026 | 67 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.71% |
| Q3 2024 | 10.49% |
| Q4 2024 | 10.42% |
| Q1 2025 | 10.70% |
| Q2 2025 | 10.62% |
| Q3 2025 | 10.09% |
| Q4 2025 | 10.44% |
| Q1 2026 | 10.49% |
| Q2 2026 | 10.60% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.48% |
| Q3 2024 | 0.28% |
| Q4 2024 | 0.20% |
| Q1 2025 | 0.31% |
| Q2 2025 | 0.36% |
| Q3 2025 | 0.27% |
| Q4 2025 | 0.25% |
| Q1 2026 | 0.28% |
| Q2 2026 | 0.85% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.20% |
| Q3 2024 | 1.25% |
| Q4 2024 | 1.22% |
| Q1 2025 | 0.94% |
| Q2 2025 | 1.09% |
| Q3 2025 | 1.22% |
| Q4 2025 | 1.23% |
| Q1 2026 | 1.26% |
| Q2 2026 | 1.26% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $1.9B | 10.60% | 0.85% | 1.26% | 81.4% |
| Q1 2026 | 71 | $1.7B | 10.49% | 0.28% | 1.26% | 91.2% |
| Q4 2025 | 71 | $1.8B | 10.44% | 0.25% | 1.23% | 88.0% |
| Q3 2025 | 70 | $1.7B | 10.09% | 0.27% | 1.22% | 89.1% |
| Q2 2025 | 71 | $1.8B | 10.62% | 0.36% | 1.09% | 82.2% |
| Q1 2025 | 68 | $1.6B | 10.70% | 0.31% | 0.94% | 92.4% |
| Q4 2024 | 70 | $1.6B | 10.42% | 0.20% | 1.22% | 92.1% |
| Q3 2024 | 71 | $1.5B | 10.49% | 0.28% | 1.25% | 93.3% |
| Q2 2024 | 69 | $1.6B | 10.71% | 0.48% | 1.20% | 96.2% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Tennessee
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Wellworth BankBank Lafayette, TN | 60 out of 100, Moderate | $1.8B | 9.9% | 1.39% | vs |
| First Farmers and Merchants BankBank Columbia, TN | 79 out of 100, Strong | $1.8B | 11.2% | 0.12% | vs |
| Citizens National BankBank Sevierville, TN | 82 out of 100, Strong | $2.0B | 11.2% | 0.04% | vs |
| Security Bank and Trust CompanyBank Paris, TN | 79 out of 100, Strong | $1.7B | 10.9% | 0.02% | vs |
| One Bank of TennesseeBank Cookeville, TN | 79 out of 100, Strong | $1.7B | 9.1% | 0.01% | vs |
| Citizens Tri-County BankBank Dunlap, TN | 70 out of 100, Strong | $1.6B | 9.3% | 0.75% | vs |
Deposit insurance
Is my money safe at Independent Bank?
Yes. Independent Bank is an FDIC-insured institution (FDIC certificate #34728). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 25.4% of deposits ($411.3M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.60%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.05% (benchmark: 10%).
12 locations
Branches
Independent Bank lists 9 offices in 4 cities. Most locations:
- Memphis, TN (6)
- Bartlett, TN (1)
- Collierville, TN (1)
- Germantown, TN (1)
Identity & history
Profile
- Legal name
- Independent Bank
- Type
- State-chartered bank
- FDIC certificate #
- 34728
- RSSD ID
- 2666400
- Primary regulator
- FDIC
- Holding company
- Independent Holdings Inc
- Established
- April 20, 1998
- Headquarters
- 5050 Poplar Avenue, Memphis, TN 38157
- Website
- www.i-bankonline.com
- Employees
- 240
Quick answers
Independent Bank: common questions
Is Independent Bank FDIC insured?
Yes. Independent Bank is an FDIC-insured institution (FDIC certificate #34728). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Independent Bank's TellerScore?
67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Independent Bank ever failed?
There is no failure record for FDIC certificate #34728 in the FDIC failed bank list.
How many branches does Independent Bank have?
12 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Memphis
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Asbestos Workers Local 14 Federal Credit UnionCredit union Philadelphia, PA | 100 out of 100, Very strong | $4.1M | 15.4% | 0.00% | vs |
| Rio Grande Federal Credit UnionCredit union Grand Junction, CO | 97 out of 100, Very strong | $80.8M | 22.0% | 0.03% | vs |
| FSNB, National AssociationBank Lawton, OK | 96 out of 100, Very strong | $478.3M | 17.5% | 0.36% | vs |
| First South Financial Federal Credit UnionCredit union Bartlett, TN | 95 out of 100, Very strong | $844.8M | 30.2% | 0.22% | vs |
| L G & W Federal Credit UnionCredit union Memphis, TN | 92 out of 100, Very strong | $115.1M | 21.7% | 0.32% | vs |
| Light Commerce Credit UnionCredit union Houston, TX | 92 out of 100, Very strong | $5.0M | 26.8% | 0.93% | vs |