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

Independent Bank of Texas - Overview

  • General
  • FDIC Certificate #: 57476
    Status: Active
    Federal Reserve ID: 3129902
    Bank Holding Company (Regulatory Top Holder): Ibt Bancorp, Inc. (RSSDID: 3129881, Location: Irving, TX)
    Date Established: May 01, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 364053
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 01, 2003
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4300 North Belt Line Road, Irving, TX 75038
    County: Dallas
    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
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $89.4 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $73.5 mil
    Return on assets (ROA): 0.06% ($0.1 mil)
    Quarterly return on assets: 0.08% ($0.1 mil)
    Return on Equity (ROE): 0.68% ($0.1 mil)
    Quarterly return on equity: 0.85% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.07% ($62.6 mil)
    Quarterly Pretax return on assets: 0.08% ($71.5 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
  • 21Total employees (full-time equivalent)
  • $89,359Total assets
  • $15,086Cash and due from depository institutions
  • $13,057Interest-bearing balances
  • $6,077Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,479Net loans & leases
  • $786Loan loss allowance
  • $0Trading account assets
  • $2,590Bank premises and fixed assets
  • $1,265Other real estate owned
  • $166Goodwill and other intangibles
  • $89,359Life insurance assets
  • $1,696All other assets
  • $80,841Total liabilities and capital
  • $73,453Total liabilities
  • $53,327Total deposits
  • $73,453Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 3787.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $8,518All other liabilities
  • $8,518Total equity capital
  • $8,518Total bank equity capital
  • $0Perpetual preferred stock
  • $3,250Common stock
  • $8,925Surplus
  • $-3,657Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31Income earned, not collected on loans
  • $0Earning assets
  • $247Long-term assets (5+ years)
  • $81,613Average Assets, year-to-date
  • $11,845Average Assets, quarterly
  • $92,308Volatile liabilities
  • $89,628Insider loans
  • $57,113FHLB advances
  • $88,556Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,305Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,048Restructured Loans and leases
  • $2,342Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,185Total interest income
  • $1,049Total interest expense
  • $3,136Net interest income
  • $219Provision for loan and lease losses
  • $999Total noninterest income
  • $0Fiduciary activities
  • $150Service charges on deposit accounts
  • $0Trading account gains & fees
  • $849Additional noninterest income
  • $3,855Total noninterest expense
  • $1,851Salaries and employee benefits
  • $477Premises and equipment expense
  • $1,527Additional noninterest expense
  • $61Pre-tax net operating income
  • $0Securities gains (losses)
  • $3Applicable income taxes
  • $58Income before extraordinary items
  • $0Extraordinary gains - net
  • $58Net income attributable to bank
  • $0Net charge-offs
  • $58Cash dividends
  • $179Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.73%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 0.68%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 122.35%Credit loss provision to net charge-offs
  • 1.56%Efficiency ratio
  • 93,229Assets per employee
  • 4.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 2535.48%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 85.06%Net loans and leases to core deposits
  • 94.43%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.38%Tier 1 risk-based capital ratio
  • 14.54%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $92,308Average earning assets
  • $8,483Average equity
  • $84,108Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364053Independent Bank Of Texas4300 North Belt Line Road, Irving, TX 75038May 01, 2003Full Service Brick and Mortar
    1492950Frisco Branch1518 Legacy Dr Ste 100, Frisco, TX 75034January 28, 2008Full Service Brick and Mortar

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