Bank Independent: how it compares with its peers
Against 526 U.S. banks with half to twice its assets, Bank Independent's strongest measure in Q2 2026 is net interest margin (4.53% vs. a 3.66% peer median). Its weakest relative measure is assets per employee ($4.4M vs. $8.9M).
| Measure | Bank Independent | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.63% | 1.25% | Bottom third Ahead of 11% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.53% | 3.66% | Top third Ahead of 89% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 80.19% | 59.02% | Bottom third Ahead of 6% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.4M | $8.9M | Bottom third Ahead of 2% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.37% | 88.03% | Context |
What it means for lending operations
Its efficiency ratio of 80.19% is above the 59.02% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Industrial and Commercial Bank of China USA, National Association New York, NY · $2.86B
- WebBank Salt Lake City, UT · $2.86B
- BayCoast Bank Swansea, MA · $2.86B
- ANB Bank Denver, CO · $2.85B
- Lakeside Bank Chicago, IL · $2.85B
- American Momentum Bank College Station, TX · $2.85B
Questions about Bank Independent
How big is Bank Independent?
Bank Independent, established in 1947, is headquartered in Sheffield, AL. It reported $2.86B in total assets in its Q2 2026 FDIC call report and operates 34 offices.
What is Bank Independent's return on assets?
0.63% annualized in Q2 2026, against a 1.25% median for 526 U.S. banks with half to twice its assets, ahead of 11% of them.
What is Bank Independent's efficiency ratio?
80.19% in Q2 2026: it spent about 80 cents in noninterest expense for each dollar of revenue. The peer median is 59.02%, and lower is better.
Is Bank Independent growing its loans?
Net loans grew 0.3% over the year to Q2 2026, while deposits grew 3.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Alabama bank ranked.