Independent Bank in Mckinney, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Independent Bank - Overview

  • General
  • FDIC Certificate #: 3076
    Status: Active
    Federal Reserve ID: 122854
    Bank Holding Company (Regulatory Top Holder): Independent Bank Group, Inc. (RSSDID: 3140288, Location: Mckinney, TX)
    Date Established: January 01, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 27 (Domestic: 27, Interstate: No)
    FDIC's unique #: 1958
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 30, 2010
    Last Structure Change Process Date: October 06, 2010
    Last Data Update: October 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3090 Craig Drive, Mckinney, TX 75070
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,237.6 mil
    Equity capital: $115.8 mil
    Deposits held in domestic offices: $1,035.0 mil
    Return on assets (ROA): 1.45% ($18.0 mil)
    Quarterly return on assets: 1.71% ($21.2 mil)
    Return on Equity (ROE): 15.30% ($17.7 mil)
    Quarterly return on equity: 18.09% ($21.0 mil)
    Net income: $17.0 mil
    Quarterly Net income: $5.2 mil
    Pretax return on assets: 1.45% ($17,944.8 mil)
    Quarterly Pretax return on assets: 1.71% ($21,162.4 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, 2011)

  • Dollar figures in thousands
  • 268Total employees (full-time equivalent)
  • $1,237,570Total assets
  • $56,654Cash and due from depository institutions
  • $24,164Interest-bearing balances
  • $93,991Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $979,612Net loans & leases
  • $9,060Loan loss allowance
  • $0Trading account assets
  • $60,422Bank premises and fixed assets
  • $8,392Other real estate owned
  • $13,886Goodwill and other intangibles
  • $1,237,570Life insurance assets
  • $24,613All other assets
  • $1,121,804Total liabilities and capital
  • $1,034,987Total liabilities
  • $861,635Total deposits
  • $1,034,987Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $82,291Trading liabilities
  • $0Other borrowed funds
  • $4,526Subordinated debt
  • $115,766All other liabilities
  • $115,766Total equity capital
  • $115,766Total bank equity capital
  • $0Perpetual preferred stock
  • $986Common stock
  • $87,156Surplus
  • $27,624Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,991Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,480Income earned, not collected on loans
  • $31Earning assets
  • $4,027Long-term assets (5+ years)
  • $1,097,767Average Assets, year-to-date
  • $411,343Average Assets, quarterly
  • $1,172,572Volatile liabilities
  • $1,214,576Insider loans
  • $961,311FHLB advances
  • $1,204,187Loans and leases held for sale
  • $10,597Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $99,717Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,597Total unused commitments
  • $103,861Restructured Loans and leases
  • $37,077Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $59,639Total interest income
  • $11,389Total interest expense
  • $48,250Net interest income
  • $1,650Provision for loan and lease losses
  • $5,663Total noninterest income
  • $0Fiduciary activities
  • $2,194Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,469Additional noninterest income
  • $35,223Total noninterest expense
  • $20,090Salaries and employee benefits
  • $6,763Premises and equipment expense
  • $8,370Additional noninterest expense
  • $17,040Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $17,040Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,040Net income attributable to bank
  • $0Net charge-offs
  • $17,040Cash dividends
  • $979Sale, conversion, retirement of capital stock, net
  • $10,690Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 15.30%Return on equity (ROE)
  • 5.70%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 168.54%Credit loss provision to net charge-offs
  • 19.09%Efficiency ratio
  • 64,281Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.73%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 202.23%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 94.65%Net loans and leases to core deposits
  • 101.56%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,172,572Average earning assets
  • $111,380Average equity
  • $1,035,519Average loans

List of branches

  • 27 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01958Independent Bank3090 Craig Drive, Mckinney, TX 75070January 01, 1913Full Service Brick and Mortar
    1334410Anna Branch101 S. Powell Parkway, Anna, TX 75409May 08, 2000Full Service Brick and Mortar
    23799Whitewright Branch201 W. Grand, Whitewright, TX 75491January 01, 1892Full Service Brick and Mortar
    3207846Denison Branch331 West Main Street, Denison, TX 75021July 14, 1987Full Service Brick and Mortar
    512954Howe Branch100 South Denny Street, Howe, TX 75459May 23, 1964Full Service Brick and Mortar
    6301137Sherman Branch300 E. Taylor, Sherman, TX 75091January 25, 1999Full Service Brick and Mortar
    7363221Van Alstyne Branch1270 W. Stephens, Van Alstyne, TX 75495Febuary 21, 2002Full Service Brick and Mortar
    96633Celina Branch290 S. Preston Road, Celina, TX 75009January 01, 1925Full Service Brick and Mortar
    10222319Little Elm Branch229 Eldorado Parkway, Little Elm, TX 75068September 01, 1994Full Service Brick and Mortar
    12357066Collinsville Branch715 Highway 377 North, Collinsville, TX 76233May 01, 2000Full Service Brick and Mortar
    13425103Prosper Branch900 N. Preston Rd., Prosper, TX 75078November 10, 2003Full Service Brick and Mortar
    15462496West Mckinney Branch6751 Virginia Parkway, Mckinney, TX 75071April 09, 2007Full Service Brick and Mortar
    1611670Waco Branch8004 Woodway Drive, Waco, TX 76712January 01, 1911Full Service Brick and Mortar
    17242541Manor Branch11250 Sthy 290 East, Manor, TX 78653May 28, 1998Full Service Brick and Mortar
    18432017Coupland Branch102 Hoxie, Coupland, TX 78615September 13, 2004Full Service Brick and Mortar
    20196365Elm Mott BranchInterstate Highway 35 And South Long Street, Elm Mott, TX 76640March 01, 1990Full Service Brick and Mortar
    21463641Bosque Branch5401 Bosque Blvd, Waco, TX 76710April 23, 2007Full Service Brick and Mortar
    22465471Independent Bank - Teravista Locatio4420 Sunrise Road, Round Rock, TX 78664June 07, 2007Full Service Brick and Mortar
    23495790Georgetown Branch1503 Rivery Blvd., Georgetown, TX 78628October 19, 2009Full Service Brick and Mortar
    24510842Redbud Branch1600 Redbud, Mckinney, TX 75069October 26, 2009Full Service Brick and Mortar
    25426808Coppell Branch654 N. Denton Tap Road, Coppell, TX 75019October 25, 2004Full Service Brick and Mortar
    26491908Denton Office Branch3101 Wind River Lane, Denton, TX 76210August 21, 2008Full Service Brick and Mortar
    279093Farmersville Branch223 Mckinney, Farmersville, TX 75442June 30, 1934Full Service Brick and Mortar
    28231726Detached Motor Branch102 South Johnson Street, Farmersville, TX 75442June 13, 1988Limited Service Facility
    29301134Lavon Branch1009 N. State Hwy. 78, Lavon, TX 75166March 01, 2000Full Service Brick and Mortar
    30426574Princeton Branch1490 Princeton Oaks Drive, Princeton, TX 75407March 15, 2004Full Service Brick and Mortar
    31517697Austin Branch3500 Jefferson Street, Suite 305, Austin, TX 78731Febuary 01, 2011Full Service Brick and Mortar

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