Independent Bank Group is a registered bank holding company headquartered in
McKinney, Texas, which is located in the northern portion of the Dallas-Fort
Worth metropolitan area. The Company was organized as a Texas corporation on
September 20, 2002. Through the Company’s wholly owned subsidiary, Independent
Bank, a Texas state chartered bank, the Company provides a wide range of relationship-driven
commercial banking products and services tailored to meet the needs of businesses,
professionals and individuals. The Company operates 42 banking offices in the
Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the
Houston metropolitan area.
The Company’s primary function is to own all of the stock of Independent
Bank. Independent Bank is a locally managed community bank that seeks to provide
personal attention and professional assistance to its customer base, which consists
principally of small to medium sized businesses, professionals and individuals.
Independent Bank’s philosophy includes offering direct access to its officers
and personnel, providing friendly, informed and courteous service, local and
timely decision making, flexible and reasonable operating procedures, and consistently
applied credit policies.
Grow Organically. The Company focuses on continued organic growth through the
Company’s existing footprint and business lines. The Company plans to
follow the Company’s community-focused, relationship-driven customer strategy
to increase loans and deposits through the Company’s existing locations.
Preserving the safety and soundness of the Company’s loan portfolio is
a fundamental element of the Company’s organic growth strategy. The Company
has a strong and conservative credit culture, which allows the Company to maintain
the Company’s asset quality as the Company grows.
Grow Through Acquisitions. The Company plans to continue to take advantage of
opportunities to acquire other banking franchises both within and outside the
Company’s current footprint. Since mid-2010, the Company has completed
nine acquisitions that the Company believes have enhanced shareholder value
and the Company’s market presence. The following table summarizes each
of the nine acquisitions completed since 2010.
The Independent Way. Nearly a century after the Company’s beginning,
the Company’s dedication to serving the needs of businesses and individuals
in the Company’s communities remains stronger than ever. The Company strives
to provide the Company’s customers with innovative financial products
and services, local decision making and a level of service and responsiveness
that is second to none. The Company’s innovative and independent spirit
is balanced by adherence to fundamental banking principles that have enabled
the Company to remain strong, sound and financially secure even during challenging
economic times. The Company is also steeped in a tradition of civic pride as
evidenced by the investment of the Company’s time, energies and financial
resources in many local organizations to improve and benefit the Company’s
communities.
Lending Operations. Through Independent Bank, the Company offers a broad range
of commercial and retail lending products to businesses, professionals and individuals.
Commercial lending products include owner-occupied commercial real estate loans,
interim construction loans, commercial loans (such as SBA guaranteed loans,
business term loans, equipment financing and lines of credit and energy related
loans) to a diversified mix of small and midsized businesses, and loans to professionals,
particularly medical practices. Retail lending products include residential
first and second mortgage loans and consumer installment loans, such as loans
to purchase cars, boats and other recreational vehicles.
The Company’s strategy is to maintain a broadly diversified loan portfolio
by type and location. The Company’s loans are primarily real estate secured
loans spread among a variety of types of borrowers, including owner occupied
offices for small businesses, medical practices and offices, retail operations
and multi-family properties. The Company’s loans are diversified geographically
throughout the Company’s Dallas/North Texas region (approximately 49%),
the Company’s Houston region (approximately 27%) and the Company’s
Austin/Central Texas region (approximately 24%).
Deposits. Deposits are the Company’s principal source of funds for use
in lending and other general banking purposes. The Company provides a full range
of deposit products and services, including a variety of checking and savings
accounts, debit cards, online banking, mobile banking, eStatements and bank-by-mail
and direct deposit services. The Company also offers business accounts and management
services, including analyzed business checking, business savings, and treasury
management services. The Company solicits deposits through its relationship-driven
team of dedicated and accessible bankers and through community focused marketing.
Other Services. In connection with our relationship driven approach to our
customers, the Company offers residential mortgages through our mortgage brokerage
division. As a mortgage broker, the Company originates residential mortgages
which are sold into the secondary market shortly after closing. The Company
also provides wealth management services to its customers including investment
advisory and other related services.
