FDIC Certificate #: 14552 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Independent Bank (#3076) Federal Reserve ID: 447351 Date Established: June 30, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 9093 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 05, 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: 223 Mckinney, Farmersville, TX 75442 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: $95.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
35Total employees (full-time equivalent)
$95,971Total assets
$6,906Cash and due from depository institutions
$95Interest-bearing balances
$13,187Securities
$830Federal funds sold & reverse repurchase agreements
$67,549Net loans & leases
$2,721Loan loss allowance
$0Trading account assets
$4,067Bank premises and fixed assets
$2,747Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$685All other assets
$95,971Total liabilities and capital
$89,065Total liabilities
$88,712Total deposits
$68,714Interest-bearing deposits
$88,712Deposits held in domestic offices
94.51%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$115Other borrowed funds
$0Subordinated debt
$238All other liabilities
$6,906Total equity capital
$6,906Total bank equity capital
$6,906Perpetual preferred stock
$0Common stock
$614Surplus
$8,871Undivided profits
Memoranda
$-2,579Noncurrent loans and leases
$3,871Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,671Earning assets
$0Long-term assets (5+ years)
$404Average Assets, year-to-date
$81,661Average Assets, quarterly
$37,722Volatile liabilities
$105,041Insider loans
$99,280FHLB advances
$17,753Loans and leases held for sale
$2,974Unused loan commitments
$115Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,871Total unused commitments
$1,380Restructured Loans and leases
$961Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,684Total interest income
$1,617Total interest expense
$4,067Net interest income
$1,891Provision for loan and lease losses
$1,289Total noninterest income
$0Fiduciary activities
$1,183Service charges on deposit accounts
$0Trading account gains & fees
$106Additional noninterest income
$6,161Total noninterest expense
$1,699Salaries and employee benefits
$703Premises and equipment expense
$3,759Additional noninterest expense
-$2,696Pre-tax net operating income
$246Securities gains (losses)
$0Applicable income taxes
-$2,450Income before extraordinary items
$0Extraordinary gains - net
-$2,450Net income attributable to bank
$0Net charge-offs
-$2,450Cash dividends
$587Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
1.78%Cost of funding earning assets
4.48%Net interest margin
1.42%Noninterest income to earning assets
6.78%Noninterest expense to earning assets
-2.57%Net operating income to assets
-2.33%Return on assets (ROA)
-2.33%Pretax return on assets
-27.65%Return on equity (ROE)
-27.65%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
322.15%Credit loss provision to net charge-offs
-1.37%Efficiency ratio
115,030Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.87%Loss allowance to noncurrent loans
101.87%Noncurrent assets plus other real estate owned to assets
5.65%Noncurrent loans to loans
3.80%Net loans and leases to deposits
76.14%Net loans and leases to core deposits
95.17%Equity capital to assets
7.20%Core capital (leverage) ratio
6.51%Tier 1 risk-based capital ratio
8.77%Total risk-based capital ratio
Memoranda
$10Average assets
$105,041Average earning assets
$8,859Average equity
$90,823Average loans
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