Independent Bank


Independent Bank is an FDIC insured institution headquartered at 7777 Henneman Way, Mckinney, TX 75070.
It was founded in 1913 and has approximately $18 billion in assets. Customers can open an account at one of its 73 branches.

Deposit Rates - December 27, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3076
Date Established 1913
Assets $ 18.35 billion
Loans $ 14.49 billion
Deposits $ 15.85 billion
Capital $ 2.22 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 770.60 million
Interest-bearing balances $ 677.02 million
Total securities $ 1,698.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.49 billion
Loan loss allowance $ 145.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.69 million
Goodwill and other intangibles $ 520.55 million
All other assets $ 431.40 million
     Total Assets $ 16.13 billion

LIABILITIES
Total deposits $ 15.85 billion
      Interest-bearing deposits $ 12.46 billion
      Deposits held in domestic offices $ 15.85 billion
      % insured (estimated) 58.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 175.00 million
Subordinated debt N.A.
All other liabilities $ 109.06 millionn
      Total Liabilities $ 16.13 billion
      Shareholders’ Equity $ 2.22 billion

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 474.29 million
Total Interest Expense $ 256.31 million
Net interest income $ 217.98 million
Provision for loan and lease losses N.A.
Total non interest income $ 27.12 million
Total non interest expense $ 686.36 million
Pre-tax Net Operating Income $ 144.54 million

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Branches

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Independent Bank Locations