# INDEPENDENT BANK OF TEXAS
IRVING, TX · FDIC certificate 57476 · asset band <$300M · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $114.4M | |
| Deposits | $98.4M | |
| Loans and leases | $89.7M | |
| Total equity | $11.4M | |
| Loans / deposits | 90.22% (p81 of band) | 72.67% |
| Liquid assets / assets | 17.29% (p16 of band) | |
| Uninsured deposits / deposits | 29.79% (p92 of band) | 13.36% |
| Brokered deposits | 0.13% | |
| Wholesale funding | 3.82% (p60 of band) | |
| FHLB advances / assets | 2.88% | |
| Tier 1 leverage | 9.54% (p31 of band) | 10.53% |
| Unrealized securities loss / equity | 0.25% (p52 of band) | 0.18% |
| AOCI / equity | -0.01% (p62 of band) | |
| ROA (annualized) | -0.43% (p4 of band) | 0.82% |
| Net interest margin | 4.35% (p86 of band) | 3.60% |
| Efficiency ratio | 95.14% (p90 of band) | |
| Noncurrent loans | 0.27% (p31 of band) | 0.74% |
| Net charge-offs (annualized) | 0.96% (p98 of band) | |
| Reserve coverage of noncurrent | 385.54% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 75.40% (p90 of band) | |
| Auto loans | $985,000 (1.10% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -12.2% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 0 |  | brokered >10%, wholesale funding >15% |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2012-09 | 1 | capital falling | reserve under noncurrent |
| 2012-12 | 2 | reserve under noncurrent |  |
| 2013-03 | 0 |  | capital falling, reserve under noncurrent |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 0 |  |  |
| 2015-03 | 4 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-06 | 6 | losing money, expense ratio p90 |  |

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

- 2024-02-12 [Clark named CEO of Worthington Bank’s Denton team - Fort Worth Report](https://news.google.com/rss/articles/CBMikgFBVV95cUxPUTg4alRfUkN1bjgxY0pyeURmdHUtYllhbU9FRkpLWGtKNGpMdVhXOGg4OHRaMmtkUkxSc3JaWEYxbzBIemo4UXZuXzFJSVJJQS1iN2s1MGNLeng0eThlMVlZS0dRdjRKeHFaelowRC16dVVYYWZMUnQta0NySUtUTV93YnFLdTFWbWV0eWxxZFpXdw?oc=5) · Fort Worth Report
- 2024-02-21 [Worthington Bank Appoints CEO for Denton Market - Fort Worth Inc.](https://news.google.com/rss/articles/CBMihAFBVV95cUxQS0ZYSXE2b2d4dWJjMGNTdEVsSGNNOHhCZzdyQV92TjlyZUk4Q1U4UWtwY1YzcGEyX0J3dHByemMxTzlnYV9RT1BtQ0RVZmd3Z29ZUDROaERaV2hkdXFVS21OUmRKdWZHTXBfVHoteTU0Vjc4MzIxZGFCNk51d0tZZmlUVG4?oc=5) · Fort Worth Inc.
- 2024-02-20 [Wells Fargo Taps Bryan Milner as Market Exec, Cristin Illes Joins IFMA Board - D Magazine](https://news.google.com/rss/articles/CBMixgFBVV95cUxOWHMzelQ3NnJMM1h6RUgxc2V6Mks4SFVqVkdrM0JWeEhIZkFYNnlrYUp5UDd5d1RIXzJiR04yZGswYlZWM0RUT3hXM3BkV1BjaVRES0Uwc0N1MTJKM1piVVRXT09OdFk1ekdqRWY3RHphV1Y4Nk81QnZUTC01aWQwQWR0MGQ4MUdtbnU2cjJicERMWjZtdGh5amUyQ2dCQ1JZRXBjQlZ5MzhrallJWWhXa1BVRkFnc0FxV194LUpZcXM3T1QtQnc?oc=5) · D Magazine
- 2022-10-28 [DI People: Globe Life, Keurig Dr Pepper, ORCA AG, and More Make Leadership Moves - Dallas Innovates](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOTi1DMXpVdC0xcDVXX2xrbnY0U3lOMlVuMDJsSTRRX3p6aE4tMFdPSlZMSjB1U2UwM25qMURoZTBMbC12YWRpQmtzX2MtRTFWQjBrYWhtaDhlbE13M19TZjdQQzBCZ1dISE9hM1FEZVJFbGl6c3BSczExSmpYLXNmQ1o5TjdrZF9tT183ZGtndWtGa3RHdjVzTVlqaWxGSU9iV1N2ajJ1Smc?oc=5) · Dallas Innovates

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57476 (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/4.json (key "57476", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide