FDIC Certificate #: 17711 Status: Inactive Closing history: Office Sold Acquiring institution:Independent Bank (#3076) Federal Reserve ID: 966254 Date Established: January 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 11670 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: January 17, 1957 Last Structure Change Effective Date: January 01, 2009 Last Structure Change Process Date: January 29, 2009 Last Data Update: January 29, 2009 Data Source Date: April 05, 2012
Location
Address: 8004 Woodway Drive, Waco, TX 76712 County: Mclennan 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): Waco, TX (#8800) Core Based Statistical Area (CBSA): Waco, TX (#47380) CBSA Metro Statistical Area: Waco, TX (#47380)
History of Changes
Merger - Without Assistance
Name Change
Office Sold
Financial Summary
Total assets: $228.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
52Total employees (full-time equivalent)
$228,163Total assets
$9,098Cash and due from depository institutions
$33Interest-bearing balances
$5,072Securities
$35Federal funds sold & reverse repurchase agreements
$198,513Net loans & leases
$1,571Loan loss allowance
$0Trading account assets
$9,471Bank premises and fixed assets
$891Other real estate owned
$3,101Goodwill and other intangibles
$0Life insurance assets
$1,982All other assets
$228,163Total liabilities and capital
$208,063Total liabilities
$198,592Total deposits
$160,062Interest-bearing deposits
$198,592Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,750Other borrowed funds
$0Subordinated debt
$721All other liabilities
$20,100Total equity capital
$20,100Total bank equity capital
$20,100Perpetual preferred stock
$0Common stock
$50Surplus
$20,282Undivided profits
Memoranda
$-232Noncurrent loans and leases
$29,814Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$186Earning assets
$0Long-term assets (5+ years)
$997Average Assets, year-to-date
$203,653Average Assets, quarterly
$27,737Volatile liabilities
$222,285Insider loans
$233,360FHLB advances
$26,811Loans and leases held for sale
$7,642Unused loan commitments
$8,750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,814Total unused commitments
$7Restructured Loans and leases
$1,571Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$13,841Total interest income
$5,435Total interest expense
$8,406Net interest income
$704Provision for loan and lease losses
$664Total noninterest income
$0Fiduciary activities
$684Service charges on deposit accounts
$0Trading account gains & fees
-$20Additional noninterest income
$6,425Total noninterest expense
$2,896Salaries and employee benefits
$1,271Premises and equipment expense
$2,258Additional noninterest expense
$1,941Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,941Income before extraordinary items
$0Extraordinary gains - net
$1,941Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$1,543Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.99%Yield on earning assets
2.75%Cost of funding earning assets
4.25%Net interest margin
0.34%Noninterest income to earning assets
3.25%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
0.87%Pretax return on assets
9.72%Return on equity (ROE)
1.99%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
1353.85%Credit loss provision to net charge-offs
50.87%Efficiency ratio
68,269Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.50%Loss allowance to loans
0.79%Loss allowance to noncurrent loans
844.62%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.09%Net loans and leases to deposits
99.96%Net loans and leases to core deposits
111.69%Equity capital to assets
8.81%Core capital (leverage) ratio
7.29%Tier 1 risk-based capital ratio
9.23%Total risk-based capital ratio
Memoranda
$10Average assets
$222,285Average earning assets
$19,976Average equity
$197,887Average loans
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