Independent Bank

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Independent Bank Locations

Rates - June 7, 2020

Your current location is: Connecticut, Fairfield

CD RATES APY MIN MAX
3 Mo CD
0.25% $1,000 $99,999 Compare
3 Mo CD
0.25% $100,000 - Compare
6 Mo CD
0.30% $1,000 $99,999 Compare
6 Mo CD
0.30% $100,000 - Compare
12 Mo CD
0.35% $1,000 $99,999 Compare
12 Mo CD
0.35% $100,000 - Compare
24 Mo CD
0.35% $1,000 $99,999 Compare
24 Mo CD
0.35% $100,000 - Compare
36 Mo CD
0.35% $1,000 $99,999 Compare
36 Mo CD
0.35% $100,000 - Compare
60 Mo CD
0.50% $1,000 $99,999 Compare
60 Mo CD
0.50% $100,000 - Compare
SAVINGS RATES APY MIN MAX
Savings
0.15% $50 - Compare
MM RATES APY MIN MAX
Money Market
0.15% $2,500 $24,999 Compare
Money Market
0.15% $25,000 $99,999 Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
0.35% $250 $99,999
INT CHECKING RATES APY MIN MAX
Int Ckg
0.05% $50 $1,499
Int Ckg
0.05% $1,500 -

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3076
Date Established 1913
Assets $ 14.95 billion
Loans $ 11.60 billion
Deposits $ 11.95 billion
Capital $ 2.59 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 570.88 million
Interest-bearing balances $ 384.59 million
Total securities $ 1,085.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 11.60 billion
Loan loss allowance $ 51.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.82 million
Goodwill and other intangibles $ 1,094.76 million
All other assets $ 324.15 million
     Total Assets $ 12.36 billion

LIABILITIES
Total deposits $ 11.95 billion
      Interest-bearing deposits $ 8.70 billion
      Deposits held in domestic offices $ 11.95 billion
      % insured (estimated) 85.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 353.98 million
Subordinated debt N.A.
All other liabilities $ 61.26 millionn
      Total Liabilities $ 12.36 billion
      Shareholders’ Equity $ 2.59 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 651.42 million
Total Interest Expense $ 133.59 million
Net interest income $ 517.83 million
Provision for loan and lease losses $ 14.81 million
Total non interest income $ 77.35 million
Total non interest expense $ 277.80 million
Pre-tax Net Operating Income $ 302.57 million

Independent Bank is an FDIC insured institution headquartered at 7777 Henneman Way, Mckinney, TX 75070.
It was founded in 1913 and has approximately $15 billion in assets. Customers can open an account at one of its 73 branches.