Independent Bank

3090 Craig Drive
Mckinney, TX 75070


2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3076
Date Established 1913
Assets $10.01 billion
Loans $7.63 billion
Deposits $7.55 billion
Capital $1.68 billion

Independent Bank is an FDIC insured institution located in Mckinney, TX. It was founded in 1913 and has approximately $10.01 billion in assets. Customers can open an account at one of its 73 branches.

For a more detailed analysis of Independent Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Independent Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Texas, Independent Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.49
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 8.47
Construction and Development Loans 16.61
Commercial Real Estate 46.80
Commercial and Industrial Loans 12.49
Farm Loans 0.21

Deposit Rates - December 19, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $500 - Learn MoreShow Less
Premium Money Market Account
0.10% $1 $24,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.10% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.10% $100,000 - Learn MoreShow Less
6 Mo CD
0.30% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.30% $100,000 - Learn MoreShow Less
12 Mo CD
0.60% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
0.60% $100,000 - Learn MoreShow Less
Special: 13 Mo CD
2.52% $1,000 - Learn MoreShow Less
24 Mo CD
0.70% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
0.70% $100,000 - Learn MoreShow Less
36 Mo CD
1.00% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.00% $100,000 - Learn MoreShow Less
60 Mo CD
1.51% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.51% $100,000 - Learn MoreShow Less

Fixed IRA
0.60% $250 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - December 19, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Independent Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 399799
4.733% 4.625% 0.38 $3,266 $1,286 Learn More
Ally Bank
NMLS ID: 181005
4.691% 4.625% 0.38 $2,024 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

Note to Independent Bank
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Independent Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Independent Bank Locations

Financial Details

Independent Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Independent Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Independent Bank U.S. Bank Average
1.32% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, Independent Bank had $20,638,000 in non-current loans and $2,200,000 in owned real estate. To cover these potential losses it had $1,684,503,000 in equity and $43,308,000 in loans loss reserves. That gives it a Texas Ratio of 1.32%.

Return on Equity
Independent Bank U.S. Bank Average
8.79% 9.77%

Independent Bank has a Return on Equity of 8.79% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Independent Bank U.S. Bank Average
16.83% 12.31%

Independent Bank has a Capitalization of 16.83% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Independent Bank Balance Sheet Analysis

As of June 30, 2018, Independent Bank had assets of $10,010,536,000, loans of $7,626,019,000, and deposits of $7,548,738,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
Cash & Balances due from depository institutions $0.45 billion
Interest-bearing balances $0.13 billion
Total securities $0.79 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $7.63 billion
Loan loss allowance $0.04 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.77 billion
All other assets $0.22 billion
     Total Assets $8.33 billion
Total deposits $7.55 billion
      Interest-bearing deposits $5.36 billion
      Deposits held in domestic offices $7.55 billion
      % insured (estimated) 88.16%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.75 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $8.33 billion
      Shareholders’ Equity $1.68 billion

Summary Income Statement

June 30, 2018
Total Interest Income $0.19 billion
Total Interest Expense $0.03 billion
Net interest income $0.16 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.02 billion
Total non interest expense $0.09 billion
Pre-tax Net Operating Income $0.09 billion

Frequently Asked Questions About Independent Bank

Branches and Savings

Is Independent Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3076.

Why does Independent Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Independent Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Independent Bank a commercial bank?


Where are Independent Bank locations?

See branch locations nearby.

Is Independent Bank open on Saturdays?

Is Independent Bank open on Sundays?

What time does Independent Bank open?

What time does Independent Bank close?

Are Independent Bank ATMs Open 24/7?

Do Independent Bank ATMs accept cash deposits?

Can Independent Bank customers use other ATMs?

Do Independent Bank branches have notaries?

Will Independent Bank notarize my document?

What address for Independent Bank should I put for incoming ACH transfers?

Will the Independent Bank branch print checks?

Do Independent Bank checks expire?

Does Independent Bank require US citizenship to open account?

Can Independent Bank close my account?

Does Independent Bank Report to credit bureaus?

Does Independent Bank Use Equifax?

What is Independent Bank's ACH Routing Number?

What is Independent Bank's SWIFT code?


Does Independent Bank offer mortgages?

Compare mortgage rates here.

Does Independent Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Independent Bank offer personal loans?

Compare personal loan rates here.

Does Independent Bank offer student loans?

Will Independent Bank cash a check?

Will Independent Bank redeem a savings bond?

Does Independent Bank cash savings bonds?

Will Independent Bank cash money orders?

Can Independent Bank issue a money order?

Does Independent Bank do currency exchange?

Background on The Bank

Who owns Independent Bank?

How long has Independent Bank been around?

Can Independent Bank transfer to other banks?

Does Independent Bank have quick pay?

Does Independent Bank accept rolled coins?

Will Independent Bank accept loose change?

Where is Independent Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Independent Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.