Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
4300 North Belt Line Road
Irving, TX 75038

Independent Bank of Texas is headquartered in Irving and is the 323rd largest bank in the state of Texas. It is also the 4,091st largest bank in the nation. It was established in 2003 and as of March of 2014, it had grown to 21 employees at 2 locations. Independent Bank of Texas' savings rates are 63% higher than the national average, and it has a A health rating.

Related Posts

Reviews (3)

Hard Pull Is Correct. However, Not A Reason For One Star!

The other reviews about a 'hard pull ' are correct. However, I have not had any problems. I would definitely not consider that any reason for a less than high rating. So far, so good!

Hard Pull

easy to open online, but a hard pull (Experian, I believe)

Credit Pull

While they do offer good rates on checking accounts, beware, they make a hard pull on your credit as if you were applying for credit from them which can affect your credit score, and will show up on your credit report for several years.


Data for Q1 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 March 31, 2014 Independent Bank of Texas had $269,000 in non-current loans and owned real-estate with $11.38 million in equity and loan loss allowances on hand to cover it. This gives Independent Bank of Texas a Texas Ratio of 2.36% 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 of Texas decreased dramatically from 17.10% as of March 31, 2013 to 2.36% as of March 31, 2014, resulting in a positive change of 86.18%.This indicates that the balance sheet and financial strength for Independent Bank of Texas has improved dramatically in recent periods.

Deposit Growth


In the past year, Independent Bank of Texas has increased its total deposits by $15.73 million, resulting in 16.13% 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 Texas 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 of Texas has $128.92 million in assets with $11.38 million in equity, resulting in a capitalization level of 8.83%, which is average.

Institution Statistics

FDIC Certificate #57476
Year Established2003
Primary RegulatorFED
Assets and Liabilities
Assets$128.92 million
Loans$81.10 million
Deposits$113.28 million
Equity Capital$10.49 million
Loan Loss Allowance$890,000
Unbacked Noncurrent Loans$269,000
Real Estate Owned$0
Historic Data - March 2013
Assets$109.57 million
Equity Capital$8.91 million
Loan Loss Allowance$782,000
Unbacked Noncurrent Loans$269,000
Real Estate Owned$1.35 million
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.53%
Return on Equity6.35%
Interest Income$1.22 million

Always verify rates and promotions with the bank or credit union. We are not Independent Bank of Texas, we are a rate comparison website and can not provide official rates or promotions.

Independent Bank of Texas Savings Account Rates

0.85%-$25kUltimate Savings - Qualifying
0.10%$100-Consumer Savings Account
0.10%$100-Commercial Savings Account
0.05%--Ultimate Savings - Non-Qualifying

Independent Bank of Texas Money Market Rates

0.30%$200k-Consumer Money Market Account
0.30%$200k-Commercial Money Market Account

Independent Bank of Texas Checking Account Rates

2.43%-$15kUltimate Checking - Qualifying
0.05%--Ultimate Checking - Non-Qualifying
0.05%$100-Now Account

Independent Bank of Texas CD Rates

1.26%--60 Month CD
1.25%--5 Year Variable CD
1.00%--48 Month CD
1.00%--3 Year Variable CD
0.75%--36 Month CD
0.70%--24 Month CD
0.40%--18 Month CD
0.35%--12 Month CD
0.15%--6 Month CD
0.15%--9 Month CD
0.10%--1 Month CD
0.10%--3 Month CD

Independent Bank of Texas IRA Rates

0.75%--36 Month IRA
0.70%--24 Month IRA
0.35%--12 Month IRA
0.15%--6 Month IRA

Independent Bank of Texas Locations
Frisco Branch1518 Legacy Dr Ste 100Frisco, TX 75034
Independent Bank Of Texas4300 North Belt Line RoadIrving, TX 75038