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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Alabama, the state note

Bank Independent

Sheffield, Alabama · $2.86B in assets · beside the 11 other Alabama banks between $1B and $3B

The filing

80.2%
Efficiency
12th of 12
0.64%
ROA
10th of 12
10.2%
Equity / assets
4th of 12

Bank Independent is the second largest of the 12 Alabama banks nearest its size between $1B and $3B, with $2.86B in assets at 30 June 2026. Loans are 75.4% of deposits, 7th of 12 against a median of 74.0%, and equity is 10.2% of assets, 4th of 12. Loans grew +0.4% in the year, 9th of 12, and deposits grew 3.4%; the cohort's median loan growth is +2.7%.

Noncurrent loans are 0.22% of the book, 5th of 12 against a median of 0.62%; 1.95% is 30 to 89 days past due, and the allowance covers them 6.4 times. Net charge-offs are 0.24% of loans, 9th of 12. Commercial real estate is 40.5% of loans, 8th of 12 against a median of 38.0%, and 243% of capital, below the 300% screen, with construction at 61% against the 100% screen.

Return on assets is 0.64%, 10th of 12 against a median of 1.21%, on an efficiency ratio of 80.2%, the highest in the cohort. Five years ago it was 0.94%. The question is cost: what the efficiency ratio does to earnings when the margin compresses.

The efficiency ratioAL banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 62.7% MB Metro Bank 51.0% TB Troy Bank & Trust Co. 53.2% BB Bryant Bank 54.2% OC Oakworth Capital Bank 58.6% PB Peoples Bank of Alabama 61.6% FB First Bank of Alabama 62.6% UB United Bank 62.8% SB Southpoint Bank 65.8% FU First U.S. Bank 67.8% A Auburnbank 68.2% CB Citizens Bank & Trust 78.1% BI Bank Independent 80.2%
Loans, year over yearAL banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +2.7% OC Oakworth Capital Bank +15.4% FB First Bank of Alabama +15.1% UB United Bank +5.5% PB Peoples Bank of Alabama +4.8% TB Troy Bank & Trust Co. +4.4% A Auburnbank +3.1% CB Citizens Bank & Trust +2.2% MB Metro Bank +1.9% BI Bank Independent +0.4% FU First U.S. Bank -1.2% BB Bryant Bank -2.8% SB Southpoint Bank -26.1%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers; owner-occupied excluded; bold marks a screen met
Bank IndependentRankCohort median
Total CRE against capital, the 300% screen243%8th of 12207%
Construction against capital, the 100% screen61%10th of 1248%
Construction and land development, share of loans10.1%9th of 129.1%
Non-owner-occupied nonfarm nonresidential, share of loans22.0%7th of 1220.7%
Total CRE, the guidance definition, share of loans40.5%8th of 1238.0%
CRE growth over 36 months, the third prong+3.9%3rd of 12+15.1%
Commercial real estate against capital, the 300% screenAL banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 207% UB United Bank 115% TB Troy Bank & Trust Co. 155% CB Citizens Bank & Trust 160% MB Metro Bank 187% OC Oakworth Capital Bank 190% BB Bryant Bank 200% PB Peoples Bank of Alabama 215% BI Bank Independent 243% FB First Bank of Alabama 244% FU First U.S. Bank 249% A Auburnbank 273% SB Southpoint Bank 350%
CRE growth over 36 months, the guidance's third prongAL banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median +15.1% SB Southpoint Bank -18.8% FU First U.S. Bank -0.9% BI Bank Independent +3.9% TB Troy Bank & Trust Co. +9.3% CB Citizens Bank & Trust +10.7% FB First Bank of Alabama +12.7% PB Peoples Bank of Alabama +17.5% BB Bryant Bank +23.1% A Auburnbank +25.3% MB Metro Bank +32.1% OC Oakworth Capital Bank +45.1% UB United Bank +54.3%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Bryant Bank$2.94B1.6%54.2%0.07%-0.02%1.0%57.1%9.4%
Bank Independent$2.86B0.6%80.2%0.22%0.24%1.4%75.4%10.2%
Oakworth Capital Bank$2.13B1.2%58.6%0.68%0.21%1.2%97.7%9.1%
Troy Bank & Trust Co.$1.60B1.4%53.2%1.35%0.20%1.3%75.5%12.0%
United Bank$1.48B1.3%62.8%1.35%0.03%1.3%76.9%14.9%
Peoples Bank of Alabama$1.42B1.9%61.6%0.56%0.09%1.6%72.6%10.1%
First Bank of Alabama$1.36B1.3%62.6%3.40%0.33%1.2%66.7%8.2%
Southpoint Bank$1.36B-1.8%65.8%3.54%4.45%2.7%85.4%7.7%
Citizens Bank & Trust$1.20B0.6%78.1%0.08%0.03%1.0%56.6%6.3%
Metro Bank$1.18B1.4%51.0%1.18%0.18%1.2%59.1%14.4%
First U.S. Bank$1.15B0.8%67.8%0.15%0.26%1.3%85.7%9.5%
Auburnbank$1.09B0.9%68.2%0.01%0.13%1.1%58.6%8.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Bank IndependentCohort median
20212026Change20212026Change
Loans$1.29B$1.86B+44%$622M$933M+50%
Deposits$1.81B$2.47B+37%$872M$1.24B+42%
NPA / loans1.47%0.22%-1.25 pts0.44%0.62%+0.18 pts
Efficiency74.6%80.2%+5.6 pts66.0%62.7%-3.2 pts
ROA0.94%0.64%-0.30 pts1.20%1.21%+0.01 pts

This read was prepared for Bank Independent's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Bank Independent is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort AL banks $1B to $3B
Institution www.bibank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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