FDIC Certificate #: 5583 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Independent Bank (#3076) Federal Reserve ID: 620369 Date Established: January 01, 1892 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 3799 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 15, 2000 Last Structure Change Process Date: November 09, 2000 Last Data Update: November 09, 2000 Data Source Date: April 05, 2012
Location
Address: Main Street, Whitewright, TX 75491 County: Grayson 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): Sherman-Denison, TX (#7640) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Sherman-Denison, TX (#43300) CBSA Metro Statistical Area: Sherman-Denison, TX (#43300)
Financial Summary
Total assets: $54.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
26Total employees (full-time equivalent)
$54,215Total assets
$2,722Cash and due from depository institutions
$0Interest-bearing balances
$17,042Securities
$1,365Federal funds sold & reverse repurchase agreements
$28,678Net loans & leases
$184Loan loss allowance
$0Trading account assets
$1,489Bank premises and fixed assets
$138Other real estate owned
$2,312Goodwill and other intangibles
$0Life insurance assets
$469All other assets
$54,215Total liabilities and capital
$48,634Total liabilities
$48,285Total deposits
$38,660Interest-bearing deposits
$48,285Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$349All other liabilities
$5,581Total equity capital
$5,581Total bank equity capital
$5,581Perpetual preferred stock
$0Common stock
$300Surplus
$5,256Undivided profits
Memoranda
$25Noncurrent loans and leases
$2,352Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$244Earning assets
$0Long-term assets (5+ years)
$282Average Assets, year-to-date
$47,085Average Assets, quarterly
$7,694Volatile liabilities
$47,091Insider loans
$50,031FHLB advances
$4,531Loans and leases held for sale
$280Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,352Total unused commitments
$0Restructured Loans and leases
$184Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$279Total interest income
$114Total interest expense
$165Net interest income
$8Provision for loan and lease losses
$35Total noninterest income
$0Fiduciary activities
$30Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$167Total noninterest expense
$71Salaries and employee benefits
$31Premises and equipment expense
$65Additional noninterest expense
$25Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$25Income before extraordinary items
$0Extraordinary gains - net
$25Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$94Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.67%Yield on earning assets
0.27%Cost of funding earning assets
0.39%Net interest margin
0.08%Noninterest income to earning assets
0.40%Noninterest expense to earning assets
0.05%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.76%Return on equity (ROE)
0.76%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
8.51%Credit loss provision to net charge-offs
0.35%Efficiency ratio
77,000Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
75.41%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
0.85%Net loans and leases to deposits
59.39%Net loans and leases to core deposits
65.54%Equity capital to assets
10.29%Core capital (leverage) ratio
6.30%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$47,091Average earning assets
$3,284Average equity
$41,876Average loans
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