Inter National Bank (merged into Vantage Bank Texas)
Inter National Bank reported total assets of $1.4 bn at Q3 2018, its last Call Report before it merged into Vantage Bank Texas. The CET1 capital ratio at Inter National Bank was 18.42%, and the uninsured share of Inter National Bank was 42.37%. Source: FDIC Call Reports.
What sets Inter National Bank apart
Nothing in the latest data sets Inter National Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Inter National Bank?
The balance sheet of Inter National Bank at : assets $1.4 bn, deposits $1.1 bn, net loans $1.0 bn (loans equal to 90.47% of deposits). Securities make up 7.1% of total assets at Inter National Bank. Since , when Inter National Bank held $1.8 bn, its assets shrank 25.8%. In the year to , deposits at Inter National Bank fell 3.8% while its total assets fell 3.8%. At , Inter National Bank employed 393 full-time equivalent staff across 20 offices, about $3.5 mn of assets per employee and $57.2 mn of deposits per office.
How much funding at Inter National Bank is uninsured?
At Inter National Bank, uninsured deposits (above the FDIC limit) made up 42.37% of domestic deposits at (-0.53 pp on a year earlier). In dollars, Inter National Bank estimated $484.8 mn of uninsured deposits.
Key facts, Q3 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.1 bn | $1.2 bn (Q3 2017) | |
| Net loans and leases | $1.0 bn | $974.3 mn (Q3 2017) | |
| Loan-to-deposit ratio | 90.47% | 81.96% (Q3 2017) | |
| Tier 1 leverage ratio | 15.29% | 14.50% (Q3 2017) | |
| Total risk-based capital ratio | 18.93% | 19.06% (Q3 2017) | |
| Net interest margin | 5.20% | 3.31% (Q3 2017) | |
| Return on assets (ROA) | 1.60% | 0.95% (Q3 2017) | |
| Efficiency ratio | 55.47% | 56.59% (Q3 2017) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.1 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.50% | 0.16% (Q3 2017) | |
| Net charge-offs to average loans | 0.01% | -0.03% (Q3 2017) |
US rank of Inter National Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Inter National Bank: assets, deposits and loans
- Total assets $1.4bn
- Deposits $1.1bn
- Net loans $1.0bn
Capital and securities
The CET1 ratio of Inter National Bank stood at 18.42% in , -0.51 pp year on year. Low and high at Inter National Bank since : 17.66% () to 23.02% (). Equity capital of Inter National Bank at : $217.4 mn, or 15.9% of total assets. Inter National Bank also reported a total capital ratio of 18.93% for , and a tier 1 leverage ratio of 15.29%.
The available-for-sale portfolio of Inter National Bank showed an unrealized loss of $2.1 mn at ; the loss turned from a gain into a loss over the year.
Inter National Bank: capital ratios
- Total capital 19%
- CET1 18%
- Tier 1 leverage 15%
Inter National Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $0
Profitability and loan quality
For the year to , Inter National Bank earned a return on equity of 10.27%; return on assets: 1.60%. Net interest margin at Inter National Bank: 5.20%, +1.89 pp in a year. Inter National Bank net income: $16.4 mn, up 51.9% year on year. The efficiency ratio of Inter National Bank was 55.47%: about 55 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.50% of total loans at Inter National Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Inter National Bank: $1.0 bn at , against $975.6 mn at .
Inter National Bank: profitability
- Return on equity 10%
- Net interest margin 5.2%
- Return on assets 1.6%
Peer group of Inter National Bank
The peer group of Inter National Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Inter National Bank (national bank) and 2 have head offices in Texas. Against them, Inter National Bank shows CET1 ratio 18.42% against a peer median of 12.07%, return on equity 10.27% against a peer median of 12.84% and uninsured deposit share 42.37% against a peer median of 40.23%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| American Bank | National bank | TX | $1.4 bn | 13.13% | 12.68% | 42.44% | |
| Leader Bank | National bank | MA | $1.4 bn | 14.28% | 15.62% | 41.61% | |
| First Florida Integrity Bank | State member bank | FL | $1.4 bn | 10.85% | 11.60% | 38.84% | |
| Inter National Bank | National bank | TX | $1.4 bn | 18.42% | 10.27% | 42.37% | |
| Evans Bank | National bank | NY | $1.4 bn | 11.08% | 12.99% | 24.03% | |
| AIMBank | State nonmember bank | TX | $1.4 bn | 12.32% | 11.93% | 32.99% | |
| Sunwest Bank | State nonmember bank | UT | $1.4 bn | 11.81% | 13.77% | 53.77% | |
. FDIC Call Reports.
Last eight quarters
Two years at Inter National Bank, to : assets $1.6 bn to $1.4 bn, deposits $1.3 bn to $1.1 bn, equity $260.2 mn to $217.4 mn. Staff 409 to 393.
| Metric | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.6 bn | $1.5 bn | $1.5 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn |
| Total deposits | $1.3 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.1 bn | $1.1 bn |
| Bank equity capital | $260.2 mn | $190.8 mn | $213.1 mn | $218.6 mn | $209.2 mn | $210.7 mn | $215.3 mn | $217.4 mn |
| CET1 ratio | 22.35% | 17.71% | 17.66% | 18.93% | 18.17% | 17.89% | 18.44% | 18.42% |
| Return on equity (ROE) | -44.67% | -16.73% | 4.78% | 6.53% | 7.74% | 10.63% | 10.25% | 10.27% |
| Uninsured share of domestic deposits | 48.02% | 44.95% | 45.72% | 42.90% | 43.02% | 42.61% | 41.70% | 42.37% |
| Full-time equivalent employees | 409 | 402 | 408 | 398 | 397 | 394 | 389 | 393 |
| Number of offices | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Inter National Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Vantage Bank Texas (FDIC certificate 3405).
Questions and identifiers
What were the total assets of Inter National Bank?
Inter National Bank reported $1.4 bn at in its Call Report.
Is Inter National Bank profitable?
Inter National Bank reported net income of $16.4 mn for the year to ; annualized return on equity: 10.27%. So yes: Inter National Bank made a profit over these months.
When is data for Inter National Bank next updated?
Inter National Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Inter National Bank?
In the FDIC BankFind Suite record for certificate 25879, and in the Call Reports of Inter National Bank (RSSD ID 894553) at the FFIEC Central Data Repository.