International Bank of Commerce

Headquarters

1200 San Bernardo Avenue
Laredo, TX 78040
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

International Bank of Commerce is an FDIC insured institution located in Laredo, TX. It was founded in 1966 and has approximately $8.99 billion in assets. Customers can open an account at one of its 148 branches.

FDIC Insured Yes
FDIC Certificate # 19629
Date Established 1966
Assets $ 8.99 billion
Loans $ 5.27 billion
Deposits $ 6.46 billion
Capital $ 1,503.64 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $2,500 $4,999 Learn More
Money Market
0.08% $2,500 $2,999 Learn More
Money Market
0.08% $10,000 $14,999 Learn More
Money Market
0.08% $25,000 $29,999 Learn More
Premium Money Market Account
0.08% $10,000 $14,999 Learn More
Premium Money Market Account
0.08% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.08% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
IBC FREE Checking 0.00% $0 $0.00 Learn MoreShow Less
Rite Checking 0.00% $3,000 $7.95 Learn MoreShow Less
Regular Checking 0.00% $850 $9.95 Learn MoreShow Less
Check N' Save 0.20% $1,500 $10.95 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for International Bank of Commerce

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to International Bank of Commerce
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Branches

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

Your Location:
Fairfield,Connecticut


International Bank of Commerce Locations


Financial Details

International Bank of Commerce Ratio Analysis

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

Texas Ratio
International Bank of Commerce U.S. Bank Average
6.33% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, International Bank of Commerce had $53,135,000 in non-current loans and $46,140,000 in owned real estate. To cover these potential losses it had $1,503,642,000 in equity and $64,471,000 in loans loss reserves. That gives it a Texas Ratio of 6.33%.

Return on Equity
International Bank of Commerce U.S. Bank Average
7.65% 7.80%

International Bank of Commerce has a Return on Equity of 7.65% versus the BestCashCow average of 7.80%. 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.

Capitalization
International Bank of Commerce U.S. Bank Average
16.73% 12.68%

International Bank of Commerce has a Capitalization of 16.73% versus the BestCashCow average of 12.68. 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.

International Bank of Commerce Balance Sheet Analysis

As of March 31, 2020, International Bank of Commerce had assets of $8,988,754,000, loans of $5,270,329,000, and deposits of $6,458,947,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 273.25 million
Interest-bearing balances $ 84.17 million
Total securities $ 2.43 billion
Federal funds sold and reverse repurchase $ 37.45 million
Net loans and leases $ 5.27 billion
Loan loss allowance $ 64.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 46.14 million
Goodwill and other intangibles $ 226.85 million
All other assets $ 410.61 million
     Total Assets $ 7.49 billion
LIABILITIES
Total deposits $ 6.46 billion
      Interest-bearing deposits $ 3.66 billion
      Deposits held in domestic offices $ 6.46 billion
      % insured (estimated) 80.84%
Federal funds purchased and repurchase agreements $ 211.23 million
Trading liabilities N.A.
Other borrowed funds $ 695.00 million
Subordinated debt N.A.
All other liabilities $ 119.93 million
      Total Liabilities $ 7.49 billion
      Shareholders’ Equity $ 1,503.64 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 86.53 million
Total Interest Expense $ 9.42 million
Net interest income $ 77.11 million
Provision for loan and lease losses $ 12.70 million
Total non interest income $ 30.00 million
Total non interest expense $ 57.80 million
Pre-tax Net Operating Income $ 36.61 million

Bank Loan Profile?

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

Compared to other banks in Texas, International Bank of Commerce has a significantly higher percent of Construction and Development Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.14
Multifamily
Mortgages
2.29
Credit Card Loans 0.02
Consumer Auto Loans 0.08
Small Business Loans 2.17
Construction and Development Loans 37.23
Commercial Real Estate 23.65
Commercial and Industrial Loans 16.75
Farm Loans 0.15

Frequently Asked Questions About International Bank Of Commerce

Branches and Savings

Is International Bank Of Commerce FDIC insured?

Yes. It is covered under FDIC Certificate #19629.

Why does International Bank Of Commerce pay such low interest on savings accounts?

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

Why are International Bank Of Commerce CD rates not competitive?

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

Is International Bank Of Commerce a commercial bank?

Yes

Where are International Bank Of Commerce locations?

See branch locations nearby.

Is International Bank Of Commerce open on Saturdays?

Is International Bank Of Commerce open on Sundays?

What time does International Bank Of Commerce open?

What time does International Bank Of Commerce close?

Are International Bank Of Commerce ATMs Open 24/7?

Do International Bank Of Commerce ATMs accept cash deposits?

Can International Bank Of Commerce customers use other ATMs?

Do International Bank Of Commerce branches have notaries?

Will International Bank Of Commerce notarize my document?

What address for International Bank Of Commerce should I put for incoming ACH transfers?

Will the International Bank Of Commerce branch print checks?

Do International Bank Of Commerce checks expire?

Does International Bank Of Commerce require US citizenship to open account?

Can International Bank Of Commerce close my account?

Does International Bank Of Commerce Report to credit bureaus?

Does International Bank Of Commerce Use Equifax?

What is International Bank Of Commerce's ACH Routing Number?

What is International Bank Of Commerce's SWIFT code?

Products

Does International Bank Of Commerce offer mortgages?

Compare mortgage rates here.

Does International Bank Of Commerce offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does International Bank Of Commerce offer personal loans?

Compare personal loan rates here.

Does International Bank Of Commerce offer student loans?

Will International Bank Of Commerce cash a check?

Will International Bank Of Commerce redeem a savings bond?

Does International Bank Of Commerce cash savings bonds?

Will International Bank Of Commerce cash money orders?

Can International Bank Of Commerce issue a money order?

Does International Bank Of Commerce do currency exchange?

Background on The Bank

Who owns International Bank Of Commerce?

How long has International Bank Of Commerce been around?

Can International Bank Of Commerce transfer to other banks?

Does International Bank Of Commerce have quick pay?

Does International Bank Of Commerce accept rolled coins?

Will International Bank Of Commerce accept loose change?

Where is International Bank Of Commerce headquarters?

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