Tib The Independent Bankersbank Mortgage Rates, Fees & Info

Farmers Branch, TX

LEI: 549300KW705BBINDIZ26

Tax ID: 75-1774772

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

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    • Review & Overview

    Tib The Independent Bankersbank is a smaller bank specializing in Home Purchase loans. Tib The Independent Bankersbank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, San Angelo, Dallas, Tyler, and Athens among others. We have data for 103 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tib The Independent Bankersbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Tib The Independent Bankersbank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.82% 4/21/24
    30 Year Conventional Refi 6.65% 4/21/24
    30 Year Cash-out Refi 6.72% 4/21/24
    30 Year FHA Purchase 7.42% 4/21/24
    30 Year VA Purchase 6.01% 4/21/24
    30 Year USDA Purchase 6.62% 4/21/24
    15 Year Conventional Purchase 6.66% 4/21/24
    15 Year Conventional Refi 5.99% 4/21/24
    15 Year Cash-out Refi 5.99% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Tib The Independent Bankersbank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tib The Independent Bankersbank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,003

    Origination Dollar Volume (All Markets)

    $193,975,000

    Employee count

    282 Show all (12) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 193 $35,645,000 $184,689 $3,743 4.20%
    SPRINGFIELD, MO (FHA|USDA|VA) 135 $23,235,000 $172,111 $2,312 4.12%
    SAN ANGELO, TX (FHA|USDA|VA) 63 $12,735,000 $202,143 $4,400 3.90%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 45 $11,345,000 $252,111 $5,103 4.14%
    TYLER, TX (FHA|USDA|VA) 41 $9,345,000 $227,927 $4,635 4.39%
    Athens, TX (FHA|USDA|VA) 33 $6,665,000 $201,970 $4,246 4.27%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 21 $6,325,000 $301,190 $5,152 3.99%
    LAFAYETTE, LA (FHA|USDA|VA) 28 $5,680,000 $202,857 $3,997 4.24%
    ALEXANDRIA, LA (FHA|USDA|VA) 27 $5,045,000 $186,852 $4,982 4.07%
    JEFFERSON CITY, MO (FHA|USDA|VA) 24 $4,840,000 $201,667 $3,183 4.04%
    Huntsville, TX (FHA|USDA|VA) 20 $4,560,000 $228,000 $4,992 4.16%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 18 $4,400,000 $244,444 $5,514 4.22%
    Mount Vernon, IL (FHA|USDA|VA) 29 $3,975,000 $137,069 $2,606 4.26%
    McAlester, OK (FHA|USDA|VA) 15 $3,045,000 $203,000 $3,260 4.56%
    LONGVIEW, TX (FHA|USDA|VA) 15 $2,505,000 $167,000 $5,145 4.10%
    AMARILLO, TX (FHA|USDA|VA) 12 $2,500,000 $208,333 $4,151 3.97%
    TULSA, OK (FHA|USDA|VA) 11 $1,985,000 $180,455 $3,338 4.09%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $1,970,000 $246,250 $7,229 4.08%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $1,845,000 $205,000 $4,321 3.93%
    Kalispell, MT (FHA|USDA|VA) 6 $1,800,000 $300,000 $5,633 4.02%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,775,000 $253,571 $4,772 3.84%
    Lebanon, MO (FHA|USDA|VA) 12 $1,680,000 $140,000 $3,703 4.06%
    Silver City, NM (FHA|USDA|VA) 12 $1,670,000 $139,167 $3,929 4.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,520,000 $253,333 $4,483 4.21%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $1,480,000 $185,000 $3,823 3.88%
    Deming, NM (FHA|USDA|VA) 12 $1,410,000 $117,500 $2,706 4.39%
    DECATUR, AL (FHA|USDA|VA) 7 $1,265,000 $180,714 $2,845 4.38%
    Sweetwater, TX (FHA|USDA|VA) 12 $1,240,000 $103,333 $4,174 4.34%
    JOPLIN, MO (FHA|USDA|VA) 8 $1,210,000 $151,250 $2,236 4.00%
    MIDLAND, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $4,495 4.21%
    Gainesville, TX (FHA|USDA|VA) 6 $1,130,000 $188,333 $4,864 4.15%
    Jacksonville, TX (FHA|USDA|VA) 6 $990,000 $165,000 $3,779 4.50%
    Taos, NM (FHA|USDA|VA) 5 $895,000 $179,000 $4,537 4.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $860,000 $215,000 $4,989 4.13%
    LAWTON, OK (FHA|USDA|VA) 4 $850,000 $212,500 $3,841 3.50%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 6 $850,000 $141,667 $2,871 4.19%
    COLUMBIA, MO (FHA|USDA|VA) 5 $845,000 $169,000 $3,710 4.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $840,000 $140,000 $2,953 4.38%
    Mountain Home, AR (FHA|USDA|VA) 5 $805,000 $161,000 $2,509 4.53%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $805,000 $268,333 $4,242 4.42%
    ABILENE, TX (FHA|USDA|VA) 4 $800,000 $200,000 $5,895 4.28%
    MONROE, LA (FHA|USDA|VA) 3 $755,000 $251,667 $2,899 4.54%
    Lufkin, TX (FHA|USDA|VA) 4 $750,000 $187,500 $3,470 4.34%
    Palestine, TX (FHA|USDA|VA) 4 $750,000 $187,500 $4,292 4.38%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $725,000 $241,667 $4,105 4.08%
    WICHITA FALLS, TX (FHA|USDA|VA) 5 $655,000 $131,000 $5,181 4.38%
    Butte-Silver Bow, MT (FHA|USDA|VA) 2 $650,000 $325,000 $5,585 3.81%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $615,000 $205,000 $3,845 3.33%
    Harrison, AR (FHA|USDA|VA) 3 $605,000 $201,667 $2,777 4.42%
    Stillwater, OK (FHA|USDA|VA) 3 $605,000 $201,667 $3,880 3.96%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $575,000 $191,667 $2,931 4.29%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $540,000 $270,000 $3,207 4.56%
    LUBBOCK, TX (FHA|USDA|VA) 4 $530,000 $132,500 $4,569 4.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $2,157 4.00%
    Dumas, TX (FHA|USDA|VA) 4 $520,000 $130,000 $3,376 3.94%
    Liberal, KS (FHA|USDA|VA) 2 $500,000 $250,000 $2,989 4.50%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $4,905 4.13%
    Port Angeles, WA (FHA|USDA|VA) 1 $455,000 $455,000 $6,217 4.00%
    Branson, MO (FHA|USDA|VA) 3 $455,000 $151,667 $2,489 4.29%
    Rockport, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.38%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $410,000 $102,500 $2,667 4.63%
    Granbury, TX (FHA|USDA|VA) 1 $405,000 $405,000 $4,415 4.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $405,000 $135,000 $4,324 3.46%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $400,000 $200,000 $2,568 4.38%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,783 3.63%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $330,000 $165,000 $3,865 4.00%
    Opelousas, LA (FHA|USDA|VA) 3 $325,000 $108,333 $3,202 3.92%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $3,553 4.75%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $315,000 $315,000 $5,609 3.50%
    Bonham, TX (FHA|USDA|VA) 2 $310,000 $155,000 $6,457 3.75%
    Bozeman, MT (FHA|USDA|VA) 1 $305,000 $305,000 $8,368 4.88%
    Rolla, MO (FHA|USDA|VA) 1 $305,000 $305,000 $7,987 3.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $4,723 4.63%
    Vicksburg, MS (FHA|USDA|VA) 1 $265,000 $265,000 $3,667 4.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $255,000 $255,000 $2,748 4.38%
    Uvalde, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,288 4.00%
    ENID, OK (FHA|USDA|VA) 1 $235,000 $235,000 $6,709 4.00%
    DANVILLE, IL (FHA|USDA|VA) 2 $230,000 $115,000 $2,298 4.19%
    Stephenville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,445 4.00%
    EL PASO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,407 4.13%
    Alamogordo, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,824 4.50%
    St. Marys, GA (FHA|USDA|VA) 1 $225,000 $225,000 $6,937 3.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $220,000 $110,000 $2,469 4.69%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $215,000 $215,000 $5,818 4.50%
    Ruidoso, NM (FHA|USDA|VA) 1 $195,000 $195,000 $5,336 4.63%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,868 4.13%
    FARMINGTON, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,175 3.88%
    Del Rio, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,229 3.88%
    Cullman, AL (FHA|USDA|VA) 2 $150,000 $75,000 $2,702 4.63%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,100 4.13%
    Guymon, OK (FHA|USDA|VA) 1 $135,000 $135,000 $4,405 4.88%
    Hereford, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,468 4.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,797 4.00%
    Albertville, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,221 4.88%
    El Dorado, AR (FHA|USDA|VA) 1 $125,000 $125,000 $3,887 4.75%
    Alexander City, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,589 4.88%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,593 4.88%
    Gallup, NM (FHA|USDA|VA) 1 $95,000 $95,000 $3,222 4.75%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,408 4.50%
    Sterling, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,108 4.25%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $65,000 $65,000 $1,899 4.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $65,000 $65,000 $3,429 4.88%
    Centralia, IL (FHA|USDA|VA) 1 $45,000 $45,000 $2,286 4.63%
    Tib The Independent Bankersbank's top markets include Springfield, San Angelo, Dallas, Tyler, and Athens among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

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    We use machine learning to identify the top lenders compared against TIB The Independent Bankersbank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 821 $163,945,000 $199,689 $3,520 4.21%
    FHA 94 $16,990,000 $180,745 $6,311 3.92%
    USDA 58 $6,290,000 $108,448 $3,406 4.09%
    VA 30 $6,750,000 $225,000 $6,217 3.95%

    For 2019, Tib The Independent Bankersbank's most frequently originated type of loan was Conventional, with 821 originations. Their 2nd most popular type was FHA, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 736 $145,140,000 $197,201 $3,963 4.18%
    Refi 150 $29,080,000 $193,867 $3,309 4.02%
    Cash Out Refi 90 $15,530,000 $172,556 $3,891 4.26%
    Other 26 $3,770,000 $145,000 $3,788 4.37%
    NA 1 $455,000 $455,000 $0 4.38%

    For 2019, Tib The Independent Bankersbank's most frequently cited loan purpose was Home Purchase, with 736 originations. The 2nd most popular reason was Refi, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 829 $162,995,000 $196,616 $3,905 4.24%
    15 Year 138 $25,090,000 $181,812 $3,566 3.73%
    20 Year 23 $4,025,000 $175,000 $4,073 4.36%
    10 Year 12 $1,770,000 $147,500 $3,237 3.95%
    Other 1 $95,000 $95,000 $3,491 4.88%

    For 2019, Tib The Independent Bankersbank's most frequently cited loan duration was 30 Year, with 829 originations. The 2nd most popular length was 15 Year, with 138 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 601 $111,445,000 $185,433
    $1k-2k 291 $55,305,000 $190,052
    $2k-3k 61 $12,165,000 $199,426
    $3k-4k 34 $9,470,000 $278,529
    $4k-5k 8 $2,950,000 $368,750
    $5k+ 5 $1,735,000 $347,000

    Tib The Independent Bankersbank's average total fees were $3,905, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 601 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 497 $92,165,000 $185,443
    3-4% 464 $94,550,000 $203,772
    5-6% 35 $5,625,000 $160,714
    2.5-3% 7 $1,635,000 $233,571

    During 2019, Tib The Independent Bankersbank's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 466 $68,380,000 $146,738 $3,547 4.16%
    $200k-400k 350 $96,010,000 $274,314 $4,495 4.10%
    $100,000 or less 146 $11,250,000 $77,055 $3,031 4.38%
    $400k-600k 41 $18,335,000 $447,195 $4,841 4.07%

    2019 saw Tib The Independent Bankersbank place emphasis on $100k-200k loans with 466 originations, totaling $68,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 270 $41,950,000 $155,370 $3,641 4.18%
    $100k-150k 210 $48,750,000 $232,143 $4,196 4.11%
    $75k-100k 195 $38,455,000 $197,205 $3,840 4.25%
    $50k or less 185 $21,525,000 $116,351 $3,404 4.23%
    $150k-250k 104 $29,280,000 $281,538 $4,328 4.04%
    $250k+ 33 $12,005,000 $363,788 $4,377 4.07%

    Tib The Independent Bankersbank lent most frequently to those with incomes in the $50k-75k range, with 270 originations. The second most popular income band? $100k-150k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 251 $47,725,000 $190,139 $3,610 4.10%
    30-36% 214 $39,590,000 $185,000 $3,785 4.22%
    <20% 118 $21,470,000 $181,949 $3,494 4.13%
    39% 45 $8,475,000 $188,333 $3,843 4.19%
    40% 39 $7,525,000 $192,949 $3,875 4.23%
    37% 36 $8,190,000 $227,500 $4,425 4.07%
    46% 34 $6,770,000 $199,118 $3,938 4.15%
    38% 33 $6,105,000 $185,000 $3,624 4.22%
    41% 32 $6,220,000 $194,375 $3,982 4.31%
    43% 32 $6,240,000 $195,000 $4,361 4.05%
    44% 31 $6,715,000 $216,613 $4,186 4.19%
    36% 29 $6,205,000 $213,966 $4,394 4.12%
    42% 24 $4,200,000 $175,000 $4,148 4.39%
    47% 23 $5,305,000 $230,652 $4,697 4.13%
    45% 22 $4,630,000 $210,455 $3,851 4.30%
    48% 19 $4,165,000 $219,211 $4,967 4.19%
    49% 15 $2,925,000 $195,000 $3,585 4.28%
    50-60% 4 $840,000 $210,000 $7,092 4.25%
    >60% 1 $225,000 $225,000 $4,112 3.88%

    Tib The Independent Bankersbank lent most frequently to those with DTI ratios of 20-30%, with 251 originations. The next most common DTI ratio? 30-36%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 924 $178,110,000 $192,760 $3,836 4.17%
    Not provided 48 $10,050,000 $209,375 $4,089 4.13%
    Black 14 $2,250,000 $160,714 $4,189 3.97%
    American Indian 7 $1,525,000 $217,857 $3,763 4.21%
    Asian 6 $880,000 $146,667 $4,175 4.31%
    Not applicable 1 $455,000 $455,000 $0 4.38%
    Native Hawaiian or Islander 2 $360,000 $180,000 $3,713 4.00%
    Vietnamese 1 $345,000 $345,000 $3,783 3.63%

    Approval Rates

    Total approvals of all applications
    92.99%

    Tib The Independent Bankersbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.51%

    Tib The Independent Bankersbank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,003 $193,975,000 $193,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 30 $3,160,000 $105,333
    Single Family (1-4 Units):Site-Built 973 $190,815,000 $196,110

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $5,325,000 $152,143 $3,828 3.92%
    40-60% 102 $18,070,000 $177,157 $3,258 4.08%
    60-80% 397 $83,495,000 $210,315 $3,575 4.20%
    80-100% 464 $86,060,000 $185,474 $4,178 4.18%
    Over 100% 2 $530,000 $265,000 $12,592 3.44%
    Under 20% 3 $495,000 $165,000 $5,575 4.13%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TIB The Independent Bankersbank, National Association 11701 Luna Road Farmers Branch, TX 75234 Full Service B&M $1,602,544
    TIB The Independent Bankersbank, National Association 1550 North Brown Rd. Suite 150 Lawrenceville, GA 30043 Full Service B&M $21,590
    TIB The Independent Bankersbank, National Association 17011 Beach Blvd Suite 900, Office #3 Huntington Beach, CA 92647 Full Service B&M $104,581
    TIB The Independent Bankersbank, National Association 2151 West White Oaks Drive, Suite 300 Springfield, IL 62704 Full Service B&M $191,091
    TIB The Independent Bankersbank, National Association 2601 Northwest Expressway, Suite 1150e Oklahoma City, OK 73112 Full Service B&M $68,761
    TIB The Independent Bankersbank, National Association 7136 S Yale, Suite 215 Tulsa, OK 74136 Full Service B&M $0

    For 2019, Tib The Independent Bankersbank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $83,972
    Net interest income $43,657
    Total noninterest income $98,109
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4
    Trading account gains and fees $0
    Additional Noninterest Income $98,105
    Pre-tax net operating income $28,717
    Securities gains (or losses, -) $-8
    Income before extraordinary items $23,565
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,565
    Minority interest net income $0
    Net income $23,565
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $23,571

    Tib The Independent Bankersbank's gross interest income from loans was $83,972,000.
    Tib The Independent Bankersbank's net interest income from loans was $43,657,000.
    Tib The Independent Bankersbank's fee based income from loans was $4,000.
    Tib The Independent Bankersbank's net income from loans was $23,565,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $40,315
    Provision for credit losses $3,242
    Total noninterest expense $109,807
    Salaries and employee benefits $36,818
    Premises and equipment expense $5,057
    Additional noninterest expense $67,932
    Applicable income taxes $5,144
    Net charge-offs $2,242
    Cash dividends $15,000

    Tib The Independent Bankersbank's interest expense for loans was $40,315,000.
    Tib The Independent Bankersbank's payroll and benefits expense were $36,818,000.
    Tib The Independent Bankersbank's property, plant and equipment expenses $5,057,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,313,894
    Deposits held in domestic offices $2,313,894
    Deposits by Individuals, partnerships, and corporations $230,236
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,464
    Deposits by Commercial banks and other depository institutions in U.S. $2,067,194
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $518,915
    Demand deposits $518,915
    Nontransaction accounts $1,794,979
    Money market deposit accounts (MMDAs) $1,588,818
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $206,161
    Total time and savings deposits $1,794,979
    Noninterest-bearing deposits $423,491
    Interest-bearing deposits $1,890,403
    Retail deposits $2,107,864
    IRAs and Keogh plan accounts $228
    Brokered deposits $205,400
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,712,795
    Cash & Balances due from depository institutions $1,026,638
    Interest-bearing balances $987,623
    Total securities $337,521
    Federal funds sold & reverse repurchase $24,815
    Net loans and leases $1,205,463
    Loan and leases loss allowance $14,091
    Trading account assets $0
    Bank premises and fixed assets $23,508
    Other real estate owned $0
    Goodwill and other intangibles $4,516
    All other assets $90,334

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,712,795
    Total Liabilities $2,437,552
    Total deposits $2,313,894
    Interest-bearing deposits $1,890,403
    Deposits held in domestic offices $2,313,894
    % insured (estimated) $19
    Federal funds purchased and repurchase agreements $97,080
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $26,578

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,205,463
    Loan and leases loss allowance $14,091
    Total loans and leases (domestic) $1,219,554
    All real estate loans $321,911
    Real estate loans in domestic offices $321,911
    Construction and development loans $115,350
    Residential 1-4 family construction $10,330
    Other construction, all land development and other land $105,020
    Loans secured by nonfarm nonresidential properties $142,540
    Nonfarm nonresidential secured by owner-occupied properties $31,542
    Commercial real estate & other non-farm, non-residential $110,998
    Multifamily residential real estate $30,447
    1-4 family residential loans $27,101
    Farmland loans $6,473
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $124,625
    To non-U.S. addressees $0
    Loans to individuals $84,029
    Credit card loans $82,959
    Related Plans $0
    Consumer Auto Loans $13
    Other loans to individuals $1,057
    All other loans & leases $688,989
    Loans to foreign governments and official institutions $0
    Other loans $398,948
    Loans to depository institutions and acceptances of other banks $5
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    TIB The Independent Bankersbank had $1,205,463,000 of loans outstanding in 2019. $321,911,000 of loans were in real estate loans. $115,350,000 of loans were in development loans. $30,447,000 of loans were in multifamily mortgage loans. $27,101,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $82,959,000 of loans were in credit card loans. $13,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 25 $15,051 $602,040
    Nonfarm, nonresidential loans - $100-250k 1 $181 $181,000
    Nonfarm, nonresidential loans - $250k-1MM 24 $14,870 $619,583
    Commercial & Industrial, US addressed loans - <$1MM 29,266 $83,714 $2,860
    Commercial & Industrial, US addressed loans - <$100k 29,085 $72,070 $2,478
    Commercial & Industrial, US addressed loans - $100-250k 140 $5,307 $37,907
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $6,337 $154,561