TIB The Independent Bankersbank in Irving, Texas (TX), CA, GA, IL, OK
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| TIB The Independent Bankersbank | |
|---|---|
| General | FDIC Certificate #: 23647 Status: Active Federal Reserve ID: 529958 Bank Holding Company (Regulatory Top Holder): Independent Bankers Financial Corporation (RSSDID: 1109094, Location: Irving, TX) Date Established: January 21, 1982 WWW: http://www.mybankersbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Domestic: 5, Interstate: Yes) OTS Docket #: 12248 FDIC's unique #: 16552 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: All Other Specialization > 1 Billion Date of Deposit Insurance: January 21, 1982 Last Structure Change Effective Date: November 30, 2010 Last Structure Change Process Date: Febuary 01, 2011 Last Data Update: Febuary 01, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 350 Phelps Court, Irving, TX 75039 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 | Participated in Reorganization |
| Financial Summary | Total assets: $2,507.5 mil Equity capital: $189.9 mil Deposits held in domestic offices: $1,761.3 mil Return on assets (ROA): 0.68% ($17.1 mil) Quarterly return on assets: 0.64% ($16.1 mil) Return on Equity (ROE): 8.55% ($16.2 mil) Quarterly return on equity: 8.41% ($16.0 mil) Net income: $16.4 mil Quarterly Net income: $4.1 mil Pretax return on assets: 0.85% ($21,313.8 mil) Quarterly Pretax return on assets: 0.67% ($16,800.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 323 |
| Total assets | $2,507,508 |
| Cash and due from depository institutions | $1,288,646 |
| Interest-bearing balances | $1,244,065 |
| Securities | $401,797 |
| Federal funds sold & reverse repurchase agreements | $80,715 |
| Net loans & leases | $637,572 |
| Loan loss allowance | $17,490 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,885 |
| Other real estate owned | $4,108 |
| Goodwill and other intangibles | $13,995 |
| All other assets | $76,790 |
| Life insurance assets | $2,507,508 |
| Total liabilities and capital | $2,317,650 |
| Total liabilities | $1,761,313 |
| Total deposits | $965,394 |
| Interest-bearing deposits | $1,761,313 |
| Deposits held in domestic offices | $65 |
| % insured (estimated) | 303262.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $203,366 |
| Other borrowed funds | $0 |
| Subordinated debt | $49,709 |
| All other liabilities | $189,858 |
| Total equity capital | $189,858 |
| Total bank equity capital | $189,858 |
| Perpetual preferred stock | $0 |
| Common stock | $7,000 |
| Surplus | $76,000 |
| Undivided profits | $106,858 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $49,170 |
| Income earned, not collected on loans | $12,417 |
| Earning assets | $239 |
| Long-term assets (5+ years) | $5,586 |
| Average Assets, year-to-date | $2,364,149 |
| Average Assets, quarterly | $587,864 |
| Volatile liabilities | $2,418,423 |
| Insider loans | $2,543,733 |
| FHLB advances | $888,223 |
| Loans and leases held for sale | $2,621,114 |
| Unused loan commitments | $26,002 |
| Tier 1 (core) risk-based capital | $16,591 |
| Tier 2 risk-based capital | $192,532 |
| Total risk weighted assets | $0 |
| Total unused commitments | $9,411 |
| Restructured Loans and leases | $906,764 |
| Derivatives | $15,743 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $51,356 |
| Total interest expense | $20,587 |
| Net interest income | $30,769 |
| Provision for loan and lease losses | $2,719 |
| Total noninterest income | $96,989 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $6 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $96,983 |
| Total noninterest expense | $105,914 |
| Salaries and employee benefits | $35,948 |
| Premises and equipment expense | $2,996 |
| Additional noninterest expense | $66,970 |
| Pre-tax net operating income | $19,125 |
| Securities gains (losses) | $1,381 |
| Applicable income taxes | $4,092 |
| Income before extraordinary items | $16,414 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $16,414 |
| Net charge-offs | $0 |
| Cash dividends | $16,414 |
| Sale, conversion, retirement of capital stock, net | $8,180 |
| Net operating income | $8,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.28% |
| Cost of funding earning assets | 0.91% |
| Net interest margin | 1.37% |
| Noninterest income to earning assets | 4.31% |
| Noninterest expense to earning assets | 4.70% |
| Net operating income to assets | 0.63% |
| Return on assets (ROA) | 0.68% |
| Pretax return on assets | 0.85% |
| Return on equity (ROE) | 8.55% |
| Retained earnings to average equity (YTD only) | 4.38% |
| Net charge-offs to loans | 1.24% |
| Credit loss provision to net charge-offs | 33.24% |
| Efficiency ratio | 2.67% |
| Assets per employee | $82,461 |
| Cash dividends to net income (YTD only) | 7.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.74% |
| Loss allowance to noncurrent loans | 2.67% |
| Noncurrent assets plus other real estate owned to assets | 140.86% |
| Noncurrent loans to loans | 0.66% |
| Net loans and leases to deposits | 1.90% |
| Net loans and leases to core deposits | 36.20% |
| Equity capital to assets | 42.58% |
| Core capital (leverage) ratio | 7.57% |
| Tier 1 risk-based capital ratio | 7.35% |
| Total risk-based capital ratio | 21.68% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $2,418,423 |
| Average equity | $191,939 |
| Average loans | $2,252,911 |
| 1 California Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 3 | 467671 | Huntington Beach Branch | 17011 Beach Blvd Suite 900, Office #3, Huntington Beach, CA 92647 | June 18, 2007 | Full Service Brick and Mortar |  |
| 1 Georgia Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 4 | 493131 | Georgia Branch | 1550 North Brown Rd. Suite 150, Lawrenceville, GA 30043 | May 28, 2009 | Full Service Brick and Mortar | |
| 1 Illinois Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 5 | 499537 | Springfield Ibbbb Branch | 3161 West White Oaks Drive, Suite 300, Springfield, IL 62704 | December 18, 2009 | Full Service Brick and Mortar | |
| 1 Oklahoma Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 1 | 360774 | Tulsa Branch | 7136 S Yale, Suite 215, Tulsa, OK 74136 | April 12, 2001 | Full Service Brick and Mortar | |
| 1 Texas Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 16552 | Tib The Independent Bankersbank | 350 Phelps Court, Irving, TX 75039 | January 21, 1982 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.