Independence Bank, National Association in Houston, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Independence Bank, National Association in Houston, Texas (TX)
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Independence Bank, National Association - Overview

  • General
  • FDIC Certificate #: 57285
    Status: Active
    Federal Reserve ID: 3112070
    Date Established: May 13, 2002
    WWW: http://www.independencebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 360609
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 13, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 13100 Northwest Freeway, Suite 100, Houston, TX 77040
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Houston, TX (#3360)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $209.9 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $187.9 mil
    Return on assets (ROA): 0.46% ($1.0 mil)
    Quarterly return on assets: 0.20% ($0.4 mil)
    Return on Equity (ROE): 4.10% ($0.9 mil)
    Quarterly return on equity: 1.91% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.81% ($1,700.1 mil)
    Quarterly Pretax return on assets: 0.72% ($1,511.2 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, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $209,892Total assets
  • $28,913Cash and due from depository institutions
  • $28,185Interest-bearing balances
  • $31,086Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $143,382Net loans & leases
  • $1,665Loan loss allowance
  • $0Trading account assets
  • $636Bank premises and fixed assets
  • $2,706Other real estate owned
  • $0Goodwill and other intangibles
  • $209,892Life insurance assets
  • $3,169All other assets
  • $188,845Total liabilities and capital
  • $187,889Total liabilities
  • $164,790Total deposits
  • $187,889Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $956Subordinated debt
  • $21,047All other liabilities
  • $21,047Total equity capital
  • $21,047Total bank equity capital
  • $0Perpetual preferred stock
  • $2,045Common stock
  • $18,398Surplus
  • $604Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $55,392Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $632Income earned, not collected on loans
  • $113Earning assets
  • $689Long-term assets (5+ years)
  • $202,653Average Assets, year-to-date
  • $41,933Average Assets, quarterly
  • $181,467Volatile liabilities
  • $198,993Insider loans
  • $144,616FHLB advances
  • $199,060Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,956Restructured Loans and leases
  • $2,450Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,074Total interest income
  • $1,676Total interest expense
  • $6,398Net interest income
  • $530Provision for loan and lease losses
  • $1,406Total noninterest income
  • $0Fiduciary activities
  • $137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,269Additional noninterest income
  • $6,056Total noninterest expense
  • $3,324Salaries and employee benefits
  • $677Premises and equipment expense
  • $2,055Additional noninterest expense
  • $1,218Pre-tax net operating income
  • $127Securities gains (losses)
  • $622Applicable income taxes
  • $723Income before extraordinary items
  • $116Extraordinary gains - net
  • $839Net income attributable to bank
  • $0Net charge-offs
  • $839Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 4.10%Return on equity (ROE)
  • 4.10%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 540.82%Credit loss provision to net charge-offs
  • 17.84%Efficiency ratio
  • 77,601Assets per employee
  • 5.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 263.45%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 76.31%Net loans and leases to core deposits
  • 98.74%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 10.55%Tier 1 risk-based capital ratio
  • 14.52%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $181,467Average earning assets
  • $20,487Average equity
  • $171,828Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360609Independence Bank, National Association13100 Northwest Freeway, Suite 100, Houston, TX 77040May 13, 2002Full Service Brick and Mortar
    1430139Galleria Branch1455 W. Loop South, Suite #150, Houston, TX 77027April 01, 2004Full Service Brick and Mortar

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