INDEPENDENT BANCSHARES, INC. Financial Reports

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:· INDEPENDENT BANCSHARES, INC.

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Off Balance Sheet
::	Holding Company Credit Default Swaps
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INDEPENDENT BANCSHARES, INC.

Institution Profile

Year Opened :

1996

Institution Type :

Holding Company

Reserve District :

Minneapolis

Federal Regulator :

FED

Entity Type :

Bank Holding Company

Fiscal Year End :

12/31

Structure :

Corporation (stock)

S-Corp :

Yes

External Auditor :

Eide Bailly LLP

Related Bank / Thrift	Assets	Asset Concentration
FM Bank	622,016	Agricultural Specialization
Quoin Financial Bank	229,137	Agricultural Specialization

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)

Total Assets	64,842	Total Operating Income	283
Total Liabilities	0	Total Operating Expenses	238
Total Equity Capital	64,842	Equity in Undistributed Income	8,300
		Net income (loss)	8,351

Miscellaneous
Cash Dividends Declared by Bank Holding Company	3,320
Total Consolidated Assets of Bank Holding Company	897,813

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury