Independent Bank of Austin, SSB

Independent Bank of Austin, SSB is headquartered in Austin and is the 298^th largest bank in the state of Texas. It is also the 3,742^nd largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 19 employees at 2 locations. Independent Bank of Austin, SSB has a 4-star health rating.

Independent Bank of Austin, SSB Checking Account Rates

Independent Bank of Austin, SSB Savings Account Rates

Independent Bank of Austin, SSB Money Market Rates

Independent Bank of Austin, SSB CD Rates

Data for Q1 2012

Institution Statistics I Bank Texas, SSB FDIC Certificate # 58014 BankRate Report View Year Established 2005 Employees 19 Primary Regulator FDIC Assets and Liabilities Assets $157.70 million Loans $115.84 million Deposits $122.88 million Equity Capital $22.11 million Loan Loss Allowance $2.44 million Unbacked Noncurrent Loans $2.74 million Real Estate Owned $416,000 Historic Data - March 2011 Assets $154.15 million Equity Capital $19.34 million Loan Loss Allowance $2.19 million Real Estate Owned $511,000 Profit Margin - Quarterly Net Interest Margin 4.21% Return on Assets 2.49% Return on Equity 18% Interest Income $1.90 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Independent Bank of Austin, SSB had $3.16 million in non-current loans and owned real-estate with $24.55 million in equity and loan loss allowances on hand to cover it. This gives Independent Bank of Austin, SSB a Texas Ratio of 12.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Independent Bank of Austin, SSB increased slightly from 2.37% as of March 31, 2011 to 12.86% as of March 31, 2012, resulting in a negative change of 441.61%. This indicates that the balance sheet and financial strength for Independent Bank of Austin, SSB has declined slightly in recent periods. Deposit Growth In the past year, Independent Bank of Austin, SSB has increased its total deposits by $8.72 million, resulting in 7.64% 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 of Austin, SSB has shown is excellent. Capitalization 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 of Austin, SSB has $157.7 million in assets with $24.55 million in equity, resulting in a capitalization level of 15.57%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.