# INDEPENDENCE BANK NA
HOUSTON, TX · FDIC certificate 57285 · asset band <$300M · latest filing 2013-09 · stopped filing (departed)

**Verdict on the desk:** this could be *lender to lenders*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $221.2M | |
| Deposits | $197.5M | |
| Loans and leases | $135.9M | |
| Total equity | $22.5M | |
| Loans / deposits | 67.93% (p48 of band) | 69.26% |
| Liquid assets / assets | 37.39% (p55 of band) | |
| Uninsured deposits / deposits | 19.44% (p79 of band) | 11.87% |
| Brokered deposits | 10.91% | |
| Wholesale funding | 10.91% (p86 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.46% (p52 of band) | 10.33% |
| Unrealized securities loss / equity | -5.39% (p19 of band) | -0.53% |
| AOCI / equity | -3.77% (p45 of band) | |
| ROA (annualized) | 0.52% (p33 of band) | 0.77% |
| Net interest margin | 3.54% (p45 of band) | 3.62% |
| Efficiency ratio | 82.32% (p69 of band) | |
| Noncurrent loans | 0.47% (p32 of band) | 1.08% |
| Net charge-offs (annualized) | -0.01% (p12 of band) | |
| Reserve coverage of noncurrent | 275.83% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 83.26% (p93 of band) | |
| Auto loans | $110,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $18.1M (80% of equity) (p100 of band) | |
| Deposits YoY | 5.3% | |
| Employees | 35 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **capital falling** (`cap_falling`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | capital falling |  |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 2 | brokered >10%, loans-to-lenders >50% equity |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-09-06 [Agility Bank hires Rodney Nabors as its first-ever chief lending officer - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNVUVabDVjVGhhdlNDN3V6RFB5Sk9yd2hNOS1Sd29KbVZ1WjFITFdjWDZwY0loU2ZIQW1fWV84VVJ3aTRDTzB4aElNdXFXN3l5TW9QUk1SaXRTTGpiRktGYWdoZ2RaZVNKSWlUczRfOThSREZUZjB2eW55Yi1yS1dTTnZWOVN5RUJ2eENVTFBDTWJJWGhZVVEzcmlJY0lXbWFubUttY211Q0k?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57285 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/5.json (key "57285", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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