First Independent National Bank in Plano, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 2006

  • First Independent National Bank in Plano, Texas (TX)
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First Independent National Bank - Overview

  • General
  • FDIC Certificate #: 34638
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank (#12229)
    Federal Reserve ID: 2723581
    Date Established: September 03, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 60861
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 03, 1998
    Last Structure Change Effective Date: May 17, 2006
    Last Structure Change Process Date: July 06, 2006
    Last Data Update: July 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Midway Road, Plano, TX 75093
    County: Collin
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $70.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $75,388Total assets
  • $1,870Cash and due from depository institutions
  • $510Interest-bearing balances
  • $225Securities
  • $8,650Federal funds sold & reverse repurchase agreements
  • $60,260Net loans & leases
  • $870Loan loss allowance
  • $0Trading account assets
  • $3,257Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,126All other assets
  • $75,388Total liabilities and capital
  • $67,430Total liabilities
  • $66,075Total deposits
  • $55,601Interest-bearing deposits
  • $66,075Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,188Other borrowed funds
  • $0Subordinated debt
  • $167All other liabilities
  • $7,958Total equity capital
  • $7,958Total bank equity capital
  • $7,958Perpetual preferred stock
  • $0Common stock
  • $3,623Surplus
  • $4,185Undivided profits
  • Memoranda
  • $150Noncurrent loans and leases
  • $16,674Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,563Earning assets
  • $0Long-term assets (5+ years)
  • $325Average Assets, year-to-date
  • $69,645Average Assets, quarterly
  • $3,693Volatile liabilities
  • $71,711Insider loans
  • $75,920FHLB advances
  • $19,090Loans and leases held for sale
  • $1,173Unused loan commitments
  • $1,188Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,674Total unused commitments
  • $0Restructured Loans and leases
  • $667Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,850Total interest income
  • $1,624Total interest expense
  • $3,226Net interest income
  • $0Provision for loan and lease losses
  • $113Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $40Additional noninterest income
  • $2,846Total noninterest expense
  • $1,611Salaries and employee benefits
  • $408Premises and equipment expense
  • $827Additional noninterest expense
  • $493Pre-tax net operating income
  • $0Securities gains (losses)
  • $172Applicable income taxes
  • $321Income before extraordinary items
  • $0Extraordinary gains - net
  • $321Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.34%Yield on earning assets
  • 2.46%Cost of funding earning assets
  • 4.88%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 4.14%Return on equity (ROE)
  • 4.14%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,235Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 55.66%Noncurrent assets plus other real estate owned to assets
  • 2.07%Noncurrent loans to loans
  • 2.56%Net loans and leases to deposits
  • 91.20%Net loans and leases to core deposits
  • 128.25%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 14.98%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $71,711Average earning assets
  • $7,755Average equity
  • $66,112Average loans

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