Bank Independent Mortgage Rates, Fees & Info

Sheffield, AL

LEI: 549300A7W1NQ3BYZCB68

Tax ID: 63-0260951

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bank Independent is a smaller bank specializing in Refi and Home Purchase loans. Bank Independent has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Florence, Huntsville, Decatur, Beaumont, and Birmingham among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Independent has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Independent is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 2.45% 12/16/24
    30 Year Conventional Purchase 6.57% 12/16/24
    30 Year Conventional Refi 6.86% 12/16/24
    30 Year Cash-out Refi 6.49% 12/16/24
    30 Year FHA Purchase 7.01% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 5.91% 12/16/24
    30 Year USDA Purchase 6.44% 12/16/24
    15 Year Conventional Purchase 6.01% 12/16/24
    15 Year Conventional Refi 7.64% 12/16/24
    15 Year Cash-out Refi 7.64% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Bank Independent Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bank Independent. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,064

    Origination Dollar Volume (All Markets)

    $149,650,000

    Employee count

    609 Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 552 $66,000,000 $119,565 $2,201 5.52%
    HUNTSVILLE, AL (FHA|USDA|VA) 312 $56,500,000 $181,090 $3,922 4.80%
    DECATUR, AL (FHA|USDA|VA) 132 $14,810,000 $112,197 $2,394 5.30%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $2,535,000 $2,535,000 $0 5.89%
    Outside of Metro Areas 24 $2,500,000 $104,167 $2,151 5.32%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 10 $1,870,000 $187,000 $5,055 5.08%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,289 5.37%
    Tupelo, MS (FHA|USDA|VA) 2 $490,000 $245,000 $5,667 3.13%
    Lawrenceburg, TN (FHA|USDA|VA) 4 $470,000 $117,500 $1,419 6.06%
    Scottsboro, AL (FHA|USDA|VA) 3 $395,000 $131,667 $2,230 4.82%
    Lewisburg, TN (FHA|USDA|VA) 1 $395,000 $395,000 $6,069 5.29%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $285,000 $95,000 $849 6.17%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,764 5.77%
    JACKSON, MS (FHA|USDA|VA) 2 $260,000 $130,000 $373 5.79%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $205,000 $205,000 $5,050 2.88%
    MOBILE, AL (FHA|USDA|VA) 1 $165,000 $165,000 $3,973 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,145 3.38%
    Jasper, AL (FHA|USDA|VA) 1 $125,000 $125,000 $5,098 3.63%
    DOTHAN, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,098 4.99%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,369 3.63%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,925 4.63%
    Cullman, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $35,000 $35,000 $2,024 7.49%
    Bank Independent's top markets include Florence, Huntsville, Decatur, Beaumont, and Birmingham among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank Independent based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TVA Community Credit Union
    Similarity Rank: 91
    Alabama Central Credit Union
    Similarity Rank: 119
    Listerhill Credit Union
    Similarity Rank: 348
    DSLD MORTGAGE, LLC
    Similarity Rank: 1176
    CIS Financial Services, Inc.
    Similarity Rank: 1224
    Total Media Management, LLC
    Similarity Rank: 2323
    AVADIAN
    Similarity Rank: 3690
    SOUTHWEST FUNDING, LP
    Similarity Rank: 4060
    Magnolia Bank
    Similarity Rank: 4104
    Wolfe Financial, Inc
    Similarity Rank: 4305

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 765 $115,615,000 $151,131 $2,560 5.30%
    HELOC 238 $22,240,000 $93,445 n/a 5.61%
    VA 34 $7,680,000 $225,882 $4,690 3.47%
    FHA 19 $3,305,000 $173,947 $6,250 3.50%
    USDA 8 $810,000 $101,250 $4,247 3.31%

    For 2019, Bank Independent's most frequently originated type of loan was Conventional, with 765 originations. Their 2nd most popular type was HELOC, with 238 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 450 $61,200,000 $136,000 $1,798 5.67%
    Home Purchase 395 $68,515,000 $173,456 $3,532 4.69%
    Other 119 $10,045,000 $84,412 $1,565 5.70%
    Home Improvement 59 $3,215,000 $54,492 $1,419 5.94%
    Cash Out Refi 41 $6,675,000 $162,805 $3,778 3.97%

    For 2019, Bank Independent's most frequently cited loan purpose was Refi, with 450 originations. The 2nd most popular reason was Home Purchase, with 395 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 360 $70,150,000 $194,861 $3,502 4.32%
    10 Year 255 $22,505,000 $88,255 $1,041 5.71%
    5 Year 248 $29,890,000 $120,524 $1,199 6.09%
    15 Year 81 $10,525,000 $129,938 $2,863 4.72%
    Other 47 $6,585,000 $140,106 $633 6.11%
    20 Year 31 $4,145,000 $133,710 $1,945 5.19%
    1 Year 29 $3,965,000 $136,724 $1,474 5.88%
    3 Year 13 $1,885,000 $145,000 $1,081 6.02%

    For 2019, Bank Independent's most frequently cited loan duration was 30 Year, with 360 originations. The 2nd most popular length was 10 Year, with 255 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 276 $39,020,000 $141,377
    $1k-2k 139 $18,145,000 $130,540
    $2k-3k 118 $20,460,000 $173,390
    $3k-4k 42 $12,170,000 $289,762
    $4k-5k 20 $6,540,000 $327,000
    $5k+ 3 $1,265,000 $421,667

    Bank Independent's average total fees were $3,502, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 276 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 420 $53,100,000 $126,429
    3-4% 237 $48,045,000 $202,722
    6-7% 173 $13,865,000 $80,145
    4-5% 156 $27,290,000 $174,936
    7-8% 48 $2,580,000 $53,750
    2.5-3% 25 $4,285,000 $171,400
    Over 8% 4 $410,000 $102,500

    During 2019, Bank Independent's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 5-6%, with 420 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 511 $25,645,000 $50,186 $1,664 5.83%
    $100k-200k 321 $44,795,000 $139,548 $2,867 4.90%
    $200k-400k 187 $52,085,000 $278,529 $4,232 4.45%
    $400k-600k 32 $14,640,000 $457,500 $3,558 4.56%
    $600k-1MM 10 $7,580,000 $758,000 $441 5.27%
    $1MM+ 3 $4,905,000 $1,635,000 $0 5.64%

    2019 saw Bank Independent place emphasis on $100,000 or less loans with 511 originations, totaling $25,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 242 $20,200,000 $83,471 $2,250 5.47%
    $50k-75k 211 $23,825,000 $112,915 $2,730 5.26%
    $100k-150k 190 $31,470,000 $165,632 $3,110 5.19%
    $75k-100k 129 $17,855,000 $138,411 $3,536 5.14%
    $150k-250k 94 $18,520,000 $197,021 $4,265 4.95%
    $250k+ 36 $9,850,000 $273,611 $2,932 5.21%

    Bank Independent lent most frequently to those with incomes in the $50k or less range, with 242 originations. The second most popular income band? $50k-75k, with 211 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 174 $25,960,000 $149,195 $3,014 4.76%
    30-36% 129 $18,805,000 $145,775 $3,424 4.81%
    <20% 99 $9,825,000 $99,242 $2,737 4.94%
    38% 29 $5,455,000 $188,103 $3,422 4.62%
    50-60% 29 $3,335,000 $115,000 $1,788 5.95%
    >60% 25 $3,505,000 $140,200 $1,423 6.02%
    36% 24 $3,630,000 $151,250 $3,448 4.87%
    37% 19 $2,195,000 $115,526 $3,002 4.60%
    41% 17 $2,965,000 $174,412 $3,088 4.19%
    39% 16 $3,290,000 $205,625 $4,450 4.33%
    43% 16 $3,110,000 $194,375 $3,731 4.51%
    44% 16 $2,210,000 $138,125 $2,134 5.20%
    40% 15 $2,315,000 $154,333 $3,697 5.17%
    42% 14 $2,160,000 $154,286 $3,091 4.44%
    48% 12 $2,290,000 $190,833 $3,619 4.40%
    45% 8 $1,190,000 $148,750 $2,652 5.24%
    46% 8 $1,390,000 $173,750 $3,983 3.98%
    47% 7 $915,000 $130,714 $3,206 4.66%
    49% 6 $1,530,000 $255,000 $3,969 4.42%

    Bank Independent lent most frequently to those with DTI ratios of 20-30%, with 174 originations. The next most common DTI ratio? 30-36%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 884 $121,110,000 $137,002 $2,830 5.18%
    Not applicable 110 $20,000,000 $181,818 $0 5.80%
    Black 54 $6,720,000 $124,444 $2,478 5.71%
    Asian 8 $880,000 $110,000 $3,527 4.81%
    American Indian 3 $275,000 $91,667 $3,295 3.46%
    Asian Indian 1 $235,000 $235,000 $4,250 3.25%
    Other Asian 1 $225,000 $225,000 $4,136 3.88%
    Not provided 2 $130,000 $65,000 $2,386 6.27%
    Native Hawaiian or Islander 1 $75,000 $75,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    90.04%

    Bank Independent has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.26%

    Bank Independent has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,064 $149,650,000 $140,648

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $10,045,000 $590,882
    Single Family (1-4 Units):Manufactured 29 $1,425,000 $49,138
    Single Family (1-4 Units):Site-Built 1,018 $138,180,000 $135,737

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 154 $11,500,000 $74,675 $1,445 5.70%
    40-60% 135 $14,715,000 $109,000 $2,364 5.53%
    60-80% 303 $49,025,000 $161,799 $2,708 5.25%
    80-100% 352 $66,660,000 $189,375 $3,354 4.85%
    Over 100% 10 $2,210,000 $221,000 $3,810 5.24%
    Under 20% 103 $4,395,000 $42,670 $1,273 5.80%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANKUNITED, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 25.0%
    BANKUNITED, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank Independent 101 South Clinton Street Athens, AL 35611 Full Service B&M $46,155
    Bank Independent 102 Bank Street Rogersville, AL 35652 Full Service B&M $56,089
    Bank Independent 102 Second Avenue Southeast Decatur, AL 35601 Full Service B&M $55,668
    Bank Independent 1081 Highway 72 Killen, AL 35645 Full Service B&M $61,090
    Bank Independent 1109 Avalon Avenue Muscle Shoals, AL 35661 Full Service B&M $102,594
    Bank Independent 11250 Highway 101 Lexington, AL 35648 Full Service B&M $28,506
    Bank Independent 117 4th Avenue Southeast Red Bay, AL 35582 Full Service B&M $16,324
    Bank Independent 119 North Main Street Tuscumbia, AL 35674 Full Service B&M $76,716
    Bank Independent 132 Holmes Ave Nw Huntsville, AL 35801 Full Service B&M $53,569
    Bank Independent 13566 Highway 43 Russellville, AL 35653 Full Service B&M $53,033
    Bank Independent 1425 Beltline Road Sw Decatur, AL 35603 Full Service B&M $32,967
    Bank Independent 15259 Court Street Moulton, AL 35650 Full Service B&M $109,446
    Bank Independent 1701 Darby Drive Florence, AL 35630 Full Service B&M $34,548
    Bank Independent 210 South Pine Street Florence, AL 35630 Full Service B&M $142,756
    Bank Independent 22015 Highway 72 East Athens, AL 35613 Full Service B&M $60,309
    Bank Independent 22899 Al Highway 24 Moulton, AL 35650 Full Service B&M $25,644
    Bank Independent 2606 Hwy 31 Decatur, AL 35603 Full Service B&M $63,106
    Bank Independent 2902 Florence Boulevard Florence, AL 35630 Full Service B&M $22,253
    Bank Independent 360 Alabama Street Courtland, AL 35618 Full Service B&M $10,533
    Bank Independent 401 North Jackson Avenue Russellville, AL 35653 Full Service B&M $15,500
    Bank Independent 426 Veterans Drive Florence, AL 35630 Limited, Mobile/Seasonal Office $5,369
    Bank Independent 710 South Montgomery Avenue Sheffield, AL 35660 Full Service B&M $192,589
    Bank Independent 729 East Second Street Sheffield, AL 35660 Limited, Drive-thru $0
    Bank Independent 7564 Highway 72 West Ste A1 Madison, AL 35758 Full Service B&M $7,732
    Bank Independent 8260 Hwy 72 West Cherokee, AL 35616 Full Service B&M $5,508
    Bank Independent 863 Cox Creek Parkway Florence, AL 35630 Full Service B&M $53,926
    Bank Independent 8720 Main Street Leighton, AL 35646 Full Service B&M $14,607
    Bank Independent 902 U.S. Highway 31, North Hartselle, AL 35640 Full Service B&M $39,325

    For 2019, Bank Independent had 28 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $99,631
    Net interest income $86,224
    Total noninterest income $18,790
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,150
    Trading account gains and fees $0
    Additional Noninterest Income $10,640
    Pre-tax net operating income $27,120
    Securities gains (or losses, -) $845
    Income before extraordinary items $22,003
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,003
    Minority interest net income $0
    Net income $22,003
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,335

    Bank Independent's gross interest income from loans was $99,631,000.
    Bank Independent's net interest income from loans was $86,224,000.
    Bank Independent's fee based income from loans was $8,150,000.
    Bank Independent's net income from loans was $22,003,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,407
    Provision for credit losses $6,900
    Total noninterest expense $70,994
    Salaries and employee benefits $45,396
    Premises and equipment expense $11,080
    Additional noninterest expense $14,518
    Applicable income taxes $5,962
    Net charge-offs $7,242
    Cash dividends $7,337

    Bank Independent's interest expense for loans was $13,407,000.
    Bank Independent's payroll and benefits expense were $45,396,000.
    Bank Independent's property, plant and equipment expenses $11,080,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 3.0%
    Personal loans 0.0%
    Credit card loans 1.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,431,534
    Deposits held in domestic offices $1,431,534
    Deposits by Individuals, partnerships, and corporations $1,328,650
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $98,929
    Deposits by Commercial banks and other depository institutions in U.S. $3,955
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $117,089
    Demand deposits $91,790
    Nontransaction accounts $1,314,445
    Money market deposit accounts (MMDAs) $214,641
    Other savings deposits (excluding MMDAs) $622,717
    Total time deposits $477,085
    Total time and savings deposits $1,339,744
    Noninterest-bearing deposits $309,529
    Interest-bearing deposits $1,122,005
    Retail deposits $1,324,577
    IRAs and Keogh plan accounts $64,426
    Brokered deposits $41,304
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,735,234
    Cash & Balances due from depository institutions $315,668
    Interest-bearing balances $278,890
    Total securities $46,652
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,241,802
    Loan and leases loss allowance $13,763
    Trading account assets $0
    Bank premises and fixed assets $54,167
    Other real estate owned $781
    Goodwill and other intangibles $23,764
    All other assets $52,400

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,735,234
    Total Liabilities $1,569,569
    Total deposits $1,431,534
    Interest-bearing deposits $1,122,005
    Deposits held in domestic offices $1,431,534
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $12,874
    Trading liabilities $0
    Other borrowed funds $75,000
    Subordinated debt $0
    All other liabilities $50,161

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,241,802
    Loan and leases loss allowance $13,763
    Total loans and leases (domestic) $1,255,565
    All real estate loans $904,364
    Real estate loans in domestic offices $904,364
    Construction and development loans $170,869
    Residential 1-4 family construction $34,911
    Other construction, all land development and other land $135,958
    Loans secured by nonfarm nonresidential properties $338,650
    Nonfarm nonresidential secured by owner-occupied properties $189,039
    Commercial real estate & other non-farm, non-residential $149,611
    Multifamily residential real estate $63,788
    1-4 family residential loans $315,400
    Farmland loans $15,657
    Loans held in foreign offices $0
    Farm loans $849
    Commercial and industrial loans $322,038
    To non-U.S. addressees $0
    Loans to individuals $24,242
    Credit card loans $710
    Related Plans $191
    Consumer Auto Loans $6,344
    Other loans to individuals $16,997
    All other loans & leases $4,072
    Loans to foreign governments and official institutions $0
    Other loans $3,465
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $409
    Non 1-4 family restructured loans & leases $67
    Total loans and leases (foreign) $0

    Bank Independent had $1,241,802,000 of loans outstanding in 2019. $904,364,000 of loans were in real estate loans. $170,869,000 of loans were in development loans. $63,788,000 of loans were in multifamily mortgage loans. $315,400,000 of loans were in 1-4 family mortgage loans. $849,000 of loans were in farm loans. $710,000 of loans were in credit card loans. $6,344,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 543 $102,804 $189,326
    Nonfarm, nonresidential loans - <$100k 141 $6,190 $43,901
    Nonfarm, nonresidential loans - $100-250k 203 $24,422 $120,305
    Nonfarm, nonresidential loans - $250k-1MM 199 $72,192 $362,774
    Commercial & Industrial, US addressed loans - <$1MM 42,426 $288,474 $6,799
    Commercial & Industrial, US addressed loans - <$100k 42,194 $248,491 $5,889
    Commercial & Industrial, US addressed loans - $100-250k 156 $15,034 $96,372
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $24,949 $328,276
    Farmland loans - <$1MM 35 $3,513 $100,371
    Farmland loans - <$100k 17 $698 $41,059
    Farmland loans - $100-250k 9 $733 $81,444
    Farmland loans - $250k-1MM 9 $2,082 $231,333
    Agriculture operations loans - <$1MM 14 $848 $60,571
    Agriculture operations loans - <$100k 8 $53 $6,625
    Agriculture operations loans - $100-250k 2 $50 $25,000
    Agriculture operations loans - $250k-1MM 4 $745 $186,250