CEO's Message


Welcome to Independent Bank,

We are very pleased with the accomplishments of our organization and its financial performance over the past year. The Company reported net income available to common shareholders of $38.5 million (or $2.21 per diluted share) for 2015. Organic loan growth for the year came in at a healthy 16.1%. As has been our hallmark, asset quality continued to be strong. Total nonperforming assets represented 0.36% of total assets at December 31, 2015; the same as December 31, 2014.

Despite the uncertainty surrounding energy, our Houston portfolio continues to exhibit strong credit metrics. We remain very committed to the future of the Houston region as demonstrated by the opening of our new building in The Woodlands this past June. We continue to believe in our fundamental business model, the strength of our people, solid asset quality and the diversity of the Texas landscape.

Our acquisition of Grand Bank in Dallas was announced July 23, 2015 and closed November 1, 2015. We have already completed our systems conversion. Grand is an attractive franchise. They contribute pristine asset quality, an impressive deposit base, two mature core Dallas locations and the opportunity to further develop relationships. This acquisition will also serve as another outlet for our mortgage division, which continues to demonstrate strong growth throughout our franchise.

Our Wealth Management group expanded its reach in 2015, adding advisors in both Austin and Houston. At year end IBG Financial Advisors had approximately $150 million in assets under management — compared to $100 million the prior year.

Treasury Management (TM) has become an essential contributor to our organic revenue growth. 2015 marked the beginning of a company- wide initiative to increase wallet share of existing relationships — with a specific focus on deposits and cash management services. In response, we have strengthened our business development team through new hires and additional marketing support.

We continued to earn awards in 2015. Independent Bank was voted “Best Bank” in a number of our communities. placed us among the top 100 Healthiest Banks in America, and The Dallas Business Journal ranked us 20th (in performance) among mid-market companies. The Houston Business Journal ranked us the 11th Healthiest Houston-Area Employer.

Our community grants program has become a tremendous success. We received many worthy proposals, and ultimately extended offers to 12 organizations, totaling more than $250,000 across our entire footprint. These grants support meaningful work and improve the lives of our neighbors. I urge you to view the recipient list and a summary of their programs, available here on

While challenges remain, we believe that our solid financial position, strong credit quality and commitment to our proven business model will continue to yield positive results. We also believe Texas is stronger, has greater diversity and is more resilient than in the past. Together, we look forward to a strong 2016.

Warm Regards,

David Brooks Signature 
David R. Brooks
Chairman & Chief Executive Officer
Independent Bank Group