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3090 Craig Drive
McKinney, TX 75070

Independent Bank (McKinney, TX) is headquartered in Mckinney and is the 14st largest bank in the state of Texas. It is also the 227th largest bank in the nation. It was established in 1913 and as of June of 2014, it had grown to 451 employees at 36 locations. Independent Bank (McKinney, TX)'s savings rates are 92% higher than the national average, and it boasts a A+ health rating.

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Reviews (2)


BEWARE! They changed the qualification criteria in Dec but didn't update the website until after the statement closed in January! When I called to complain they referred to a fine print at the very bottom of the Nov statement! Taking my money elsewhere.

Beware - This Bank Will Gouge You!

My "free" checking account at Independent Bank (Little Elm, TX branch) suddenly developed monthly service charges totalling $11.00. The charges showed up on my September bank statement. When I inquired about the charges, I was told: "We mailed out a letter in June to all free checking account holders to inform them that service charges were being initiated". Further inquiry resulted in the revelation that Independent Bank offers yet another "free checking account", but I must come in and apply for the new account in person. Even if such a change were being initiated, why couldn't the bank have politely informed account holders in June that ANOTHER type of free account is available???? The simple answer is that this bank has taken this opportunity to extract funds from its account holders who either ignored their letter or, worse yet, never received it . I have no recollection and no record in my files of having received the letter supposedly mailed in June. I have closed my account at Independent Bank and will never do business with them again. Perhaps others can profit from my experience. (I have awarded one star to this bank due to the fact that it is not possible to award zero stars.)


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Independent Bank (McKinney, TX) had $6.35 million in non-current loans and owned real-estate with $524 million in equity and loan loss allowances on hand to cover it. This gives Independent Bank (McKinney, TX) a Texas Ratio of 1.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Independent Bank (McKinney, TX) decreased dramatically from 4.71% as of June 30, 2013 to 1.21% as of June 30, 2014, resulting in a positive change of 74.25%.This indicates that the balance sheet and financial strength for Independent Bank (McKinney, TX) has improved dramatically in recent periods.

Deposit Growth


In the past year, Independent Bank (McKinney, TX) has increased its total deposits by $1.34 billion, resulting in 87.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Independent Bank (McKinney, TX) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Independent Bank (McKinney, TX) has $3.65 billion in assets with $524 million in equity, resulting in a capitalization level of 14.35%, which is excellent.

Institution Statistics

FDIC Certificate #3076
Year Established1913
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.65 billion
Loans$2.83 billion
Deposits$2.86 billion
Equity Capital$507.78 million
Loan Loss Allowance$16.22 million
Unbacked Noncurrent Loans$2.56 million
Real Estate Owned$3.79 million
Historic Data - June 2013
Assets$1.89 billion
Equity Capital$198.54 million
Loan Loss Allowance$12.76 million
Unbacked Noncurrent Loans$2.56 million
Real Estate Owned$8.18 million
Profit Margin - Quarterly
Return on Assets0.96%
Return on Equity7.78%
Interest Income$60.34 million

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Independent Bank (McKinney, TX) Savings Account Rates

1.00%-$15kREALSaver Account - Qualifying
0.40%$100k-Index Fund Account
0.05%--REALSaver Account - Non Qualifying

Independent Bank (McKinney, TX) Money Market Rates

0.10%$500-Money Market

Independent Bank (McKinney, TX) Checking Account Rates

2.00%-$15kRewards Checking - Qualifying
0.25%$500-Platinum Club Account
0.05%--Rewards Checking - Non Qualifying
0.05%$500-NOW Checking

Independent Bank (McKinney, TX) CD Rates

1.40%$1k-5 Year CD
0.90%$1k-3 Year CD
0.60%$1k-2 Year CD
0.55%$1k-15 Month CD
0.35%$1k-1 Year CD
0.20%$1k-180 Day CD
0.10%$1k-90 Day CD
0.05%$1k-30 Day CD

Independent Bank (McKinney, TX) IRA Rates

1.40%$250-5 Year IRA CD
0.90%$250-3 Year IRA CD
0.60%$250-18 Month IRA CD
0.35%$250-1 Year IRA CD

Independent Bank (McKinney, TX) has 30 locations. Click to view all Independent Bank (McKinney, TX) locations.