FDIC Certificate #: 57826 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Independent Bank (#3076) Federal Reserve ID: 3288265 Date Established: October 25, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 426808 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: October 25, 2004 Last Structure Change Effective Date: July 30, 2010 Last Structure Change Process Date: August 16, 2010 Last Data Update: August 16, 2010 Data Source Date: April 05, 2012
Location
Address: 654 N. Denton Tap Road, Coppell, TX 75019 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)
Financial Summary
Total assets: $35.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$43,809Total assets
$6,878Cash and due from depository institutions
$6,362Interest-bearing balances
$0Securities
$1,300Federal funds sold & reverse repurchase agreements
$28,842Net loans & leases
$1,133Loan loss allowance
$0Trading account assets
$4,571Bank premises and fixed assets
$1,920Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$298All other assets
$43,809Total liabilities and capital
$40,246Total liabilities
$38,787Total deposits
$29,518Interest-bearing deposits
$38,787Deposits held in domestic offices
91.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,385Other borrowed funds
$0Subordinated debt
$74All other liabilities
$3,563Total equity capital
$3,563Total bank equity capital
$3,563Perpetual preferred stock
$0Common stock
$4,406Surplus
$6,906Undivided profits
Memoranda
$-7,749Noncurrent loans and leases
$1,452Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,024Earning assets
$0Long-term assets (5+ years)
$133Average Assets, year-to-date
$36,504Average Assets, quarterly
$788Volatile liabilities
$49,431Insider loans
$44,608FHLB advances
$9,449Loans and leases held for sale
$97Unused loan commitments
$1,385Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,452Total unused commitments
$626Restructured Loans and leases
$422Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,032Total interest income
$1,008Total interest expense
$1,024Net interest income
$856Provision for loan and lease losses
$117Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$2,608Total noninterest expense
$735Salaries and employee benefits
$516Premises and equipment expense
$1,357Additional noninterest expense
-$2,323Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$2,323Income before extraordinary items
$0Extraordinary gains - net
-$2,323Net income attributable to bank
$0Net charge-offs
-$2,323Cash dividends
$975Sale, conversion, retirement of capital stock, net
$15Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.10%Yield on earning assets
2.53%Cost of funding earning assets
2.57%Net interest margin
0.29%Noninterest income to earning assets
6.54%Noninterest expense to earning assets
-4.70%Net operating income to assets
-4.70%Return on assets (ROA)
-4.70%Pretax return on assets
-46.91%Return on equity (ROE)
-47.21%Retained earnings to average equity (YTD only)
2.83%Net charge-offs to loans
87.79%Credit loss provision to net charge-offs
-1.50%Efficiency ratio
228,571Assets per employee
3.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.65%Loss allowance to loans
3.78%Loss allowance to noncurrent loans
110.64%Noncurrent assets plus other real estate owned to assets
6.72%Noncurrent loans to loans
3.42%Net loans and leases to deposits
74.36%Net loans and leases to core deposits
98.31%Equity capital to assets
8.13%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
10.82%Total risk-based capital ratio
Memoranda
$12Average assets
$49,431Average earning assets
$4,952Average equity
$39,869Average loans
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