# BANK INDEPENDENT
SHEFFIELD, AL · FDIC certificate 16604 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.86B | |
| Deposits | $2.47B | |
| Loans and leases | $1.86B | |
| Total equity | $292.2M | |
| Loans / deposits | 74.37% (p23 of band) | 87.10% |
| Liquid assets / assets | 25.35% (p65 of band) | |
| Uninsured deposits / deposits | 42.85% (p79 of band) | 30.76% |
| Brokered deposits | 0.37% | |
| Wholesale funding | 2.08% (p30 of band) | |
| FHLB advances / assets | 1.05% | |
| Tier 1 leverage | 9.82% (p32 of band) | 10.50% |
| Unrealized securities loss / equity | -4.00% (p69 of band) | -7.75% |
| AOCI / equity | -1.40% (p10 of band) | |
| ROA (annualized) | 0.63% (p12 of band) | 1.26% |
| Net interest margin | 4.53% (p88 of band) | 3.70% |
| Efficiency ratio | 80.19% (p93 of band) | |
| Noncurrent loans | 0.22% (p25 of band) | 0.51% |
| Net charge-offs (annualized) | 0.15% (p81 of band) | |
| Reserve coverage of noncurrent | 638.74% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 64.31% (p66 of band) | |
| Auto loans | $4.3M (0.23% of loans; DQ 0.07%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 3.4% | |
| Employees | 655 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 1 | reserve under noncurrent |  |
| 2012-09 | 1 | capital falling | reserve under noncurrent |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 1 | liquid assets <10% |  |
| 2013-09 | 2 | reserve under noncurrent |  |
| 2013-12 | 1 |  | liquid assets <10% |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | liquid assets <10% |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 1 |  | liquid assets <10% |
| 2015-03 | 2 | expense ratio p90 |  |
| 2015-06 | 1 |  | expense ratio p90 |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 3 | capital falling, charge-offs p90, reserve under noncurrent |  |
| 2016-03 | 2 |  | charge-offs p90 |
| 2016-06 | 2 | liquid assets <10% | capital falling |
| 2016-09 | 3 | charge-offs p90 |  |
| 2016-12 | 1 |  | reserve under noncurrent, liquid assets <10% |
| 2017-03 | 0 |  | charge-offs p90 |
| 2017-06 | 1 | liquid assets <10% |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling, reserve under noncurrent | liquid assets <10% |
| 2018-03 | 2 | charge-offs p90 | capital falling |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 | capital falling | reserve under noncurrent |
| 2018-12 | 2 | construction >100% equity | capital falling |
| 2019-03 | 0 |  | charge-offs p90, construction >100% equity |
| 2019-06 | 0 |  |  |
| 2019-09 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2019-12 | 3 | construction >100% equity |  |
| 2020-03 | 1 |  | charge-offs p90, construction >100% equity |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 3 | expense ratio p90, charge-offs p90 |  |
| 2021-06 | 3 | capital falling | charge-offs p90 |
| 2021-09 | 3 | charge-offs p90, construction >100% equity | reserve under noncurrent, capital falling |
| 2021-12 | 1 |  | charge-offs p90, construction >100% equity |
| 2022-03 | 1 | construction >100% equity | expense ratio p90 |
| 2022-06 | 2 | charge-offs p90 |  |
| 2022-09 | 3 | uninsured deposits leaving |  |
| 2022-12 | 2 |  | uninsured deposits leaving |
| 2023-03 | 1 |  | charge-offs p90 |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | construction >100% equity |
| 2025-03 | 1 | construction >100% equity |  |
| 2025-06 | 0 |  | construction >100% equity |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 1 | charge-offs p90 | capital falling |
| 2026-06 | 1 | expense ratio p90 | charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-13 [Bank Independent opens new Muscle Shoals campus - Business Alabama Magazine](https://news.google.com/rss/articles/CBMiggFBVV95cUxNd2tVTjB1Rk5DeGl1SlVkRGpLcWhBaHN2ejlwRng2OTBNdzdaTFVEWTBZYlo0bHlMeDJvb1NjUUNINF8waDYxeVY0cHNpakRzOFJna2I5NExqbXNaYzdxWFJJZlFUWkdtNDdCZWI0UlVpZ2xpYUJqRU1fUzEtbUhZdXNR?oc=5) · Business Alabama Magazine
- 2026-05-14 [Bank Independent Hosts Grand Opening For New Muscle Shoals Team Campus - Huntsville Business Journal](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNdTVDb1VER3B6b1RDSkI3UW5ESHo1UFM0N3k3eUdubHlvWFpCTVNYX2RFN2IxMWdJYS1BcHBXdjI1QzhvMnpHcnZ3dmllVnJ1Xy1XajJOM09NcmY0azdJbmk1T2pNYktrUXFfTmR0UG5zZk5yWUM2bjUxX3VUeTBOY1dGSkxyenJVNllCZlVvZlBSUEUwVjc2cTJkbFZfVTcxU18temRzZ1ZDT0swdll2S0dKWTkteVcyRkRhdFNCemZaSTA?oc=5) · Huntsville Business Journal
- 2026-08-02 [Bank Independent School Share drive collects more than 6,400 school supplies for North Alabama children - 256today.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQNExJY2VCUl9WR25lMFZpVUV3c19QR2NzR2hwSGlfUmFfZmdRRTE5ejJEcjBKdVlCTHdZb1F1UFhFbUp4aG5pc0k4UFE2MWFzeU5BM0x6WFRQSWt3c3VVMzlrNXZPTmFLZHRPZVpJS29FZWExSjJ1NmRlNUNjem9YVGczc2JmTFk3eTE5Z2hZa3ZkeGpJeG1SSUdIN3lEVXZhQk1vMlYtak0tNEZKR2lzT3lyNDJVdldUeWUyYmZCSldJdw?oc=5) · 256today.com
- 2025-11-28 [UNA Athletics announces ticketing structure for Bank Independent Stadium - University of North Alabama Athletics](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQLWMxVEhlUHJJNkh6UDZiME0zRTYxelZMdVFOY2h5akdaam84c3E2VWNfYkdZT2FaM2s3cGE4Y2FrMnlkd0dTQTBBQkJvM1FsUUU2LTRGVHk3cU04bFRxN1VzUWF3VEV5cFE1VU1WcjdVa1JOUnVfSEFWdGRDZUdJNEJsc01pYWhrajZzbTN1N0JJSmFnY2EyOFN4aFAxd3NVc2JyYXpFMVp5bm9NR29JUjhiNzBtc2Zxd2tMLTgzTG8?oc=5) · University of North Alabama Athletics
- 2025-12-31 [A north Alabama original: Bank Independent - Athens The News Courier](https://news.google.com/rss/articles/CBMihAFBVV95cUxPeDhRS1RiSzVkSVY4U1ExSjlaMEpHMnVhM2FtdDlwVWxTWlhUaW1Qanlsa0RSOUMtdS1nRDRlX1RoSFpLWXN2eXhUNVRvVUhzdGRZLWtIRUdSdXNXRHJpckdQOTBTZnVENGhyTlU3WFV0UmN2SE9sR1RRRnFTUFpzMnl2ZUU?oc=5) · Athens The News Courier
- 2026-04-23 [University of North Alabama's new Bank Independent Stadium 'on track' for September opening - rocketcitynow.com](https://news.google.com/rss/articles/CBMijwJBVV95cUxOYndZM1VpM1hzVndUR0dDV0N6SkJQa2dnWEF5d3Bfbk1WanlVMHFSaWtJWXB4OTNMUTY5bzRsZm5lczRnc1NSdHEyVWxvM1V5X2lFaExhT3I4M0xTWm1GWDJtRGxJQndkQkdFbTFEd09idl9QM2oxakRMNFBCel9OQ3BJY2drOVNCRmFkeEcxcHp1Ykcxc1hVYUtDeld6a21HRnlVVDVUT3ZBeV9HMVJxaWNsX1JZbUxnaFhHSWQxV2dCU3JJSkZBQ0ItdkdtM09IdFI4enphbzYxS3RtVG8zS1M3N2NVaExWRVV0WmhmeTNEbUtVeThsSnVBN0kzVV9Pa0YxTmFqRTlNNW5OcHVF?oc=5) · rocketcitynow.com
- 2026-02-02 [North Alabama football schedule includes six home games at new Bank Independent Stadium - AL.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxOTlNXbTVILWxMQ1FzYmc3YjlaM3JmOGVJWlZ3QzQzbFVNLUs3SU5CandXNWlISVhEaUpLdFF6anBwNHBFb1JFTTdFUkoxS2JlTEUzSEh2YllUYmQ3VHhjSk5hekRMN2ktai1rYWJEQ1RDRWZPMHYyeVlFZDZFdWM4RnQxbXlLMm90dUJ0bnVXQjZ1UWtQMU1TME5ubnBrX1lYMmctWkdrbjhhWkZPNzlILURPYmpUOVBDWkFYN19MV3NJVU5y?oc=5) · AL.com
- 2026-02-11 [Bank Independent opens new 3000-square-foot MidCity Huntsville sales office - 256today.com](https://news.google.com/rss/articles/CBMingFBVV95cUxQdmZLRXJaTG9XMkhvTzBPMjg2bWRpcmNsbHV4Z3NKVU5fOFhrLVJPck5iWlJFQkpLS3VXc1dDQS1qenVkcWtwZ21OclFUcUJPa3hjLVFkLWlhOTEySkFwbjl4YVl4eUtmN2k3aDN3cm5wbmt1X1Nza1g4ZmJPbVk2NVJyRTNsV0VDQmZHdERDeG9ReHZMSkZ3cEw1ejQzdw?oc=5) · 256today.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16604 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/28.json (key "16604", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide