Independence Bank
Plano, TX · Owner: Ib Bancshares Inc
$21.8M
total assets, December 31, 1991
$21.8M
total assets, December 31, 1991
Independence Bank was a state member bank in Plano, TX, owned by Ib Bancshares Inc. It failed on Mar 19, 1992, and First Western National B took over its deposits. At its last report it held $21.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 19, 1992
- Assets
- $21.8M
- Deposits
- $20.8M
- Estimated cost
- $2.8M
- Deposits went to
- First Western National B, Carrollton, TX
Total assets
$21.8M
-7.9% in a year · -2.2% in a quarter
Deposits
$20.8M
-7.2% in a year · -3.7% in a quarter
Loans
$10.0M
-3.1% in a year · -4.8% in a quarter
Profit so far
-$590K
Jan 1 to Dec 31, 1991
Capital ratio
2.31%
-2.65 pts in a year
Return on assets
-2.61%
+0.55 pts in a year
Facts
- Type
- State member bank
- Head office
- 6150 Independence Parkway, Suite K, Plano, TX, 75086
- County
- Collin
- Holding company
- Ib Bancshares Inc
- Established
- Nov 10, 1983
- Failed
- Mar 19, 1992
- Employees
- 14
- Id
- b24793
Quarter by quarter
March 31, 1984 to December 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Independence Bank?
$21.8 million in total assets and $20.8 million in deposits as of December 31, 1991, with assets down 7.9% from a year before. Its loans were $10.0 million.
Is Independence Bank profitable?
No: it lost $590,000 from January 1 to December 31, 1991. Its return on assets was -2.61% a year; about 1% is typical.
Who owns Independence Bank?
Independence Bank is owned by Ib Bancshares Inc, its holding company.
When did Independence Bank fail?
Mar 19, 1992. First Western National B of Carrollton, TX took over its deposits. The estimated cost of the failure was $2.81 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.