IBFL Independent Bancshares, Inc. featured news, full reports, and detailed charts
Independent Bancshares, Inc. (IBFL/IBFL.OB) Wrap Up:
Independent Bancshares, Inc. operates as the bank holding company for the Independent National Bank, which provides commercial banking services to individuals, businesses, and industries in Florida. The company accepts demand interest-bearing and non-interest-bearing accounts, money market deposit accounts, NOW accounts, time deposits, personal and business checking accounts, saving accounts, and other time certificates of deposits. It offers commercial real estate loans secured by owner-occupied office, industrial, and retail business properties; fixed-rate residential mortgage loans and arm loans; construction and land development loans; commercial loans for small to medium-size profession...71 Employees
Founded in 1987
Independent Bancshares, Inc. (IBFL:OTC Bulletin Board Market)
LAST $2.00 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 4, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Independent Bancshares, Inc. (IBFL)
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OPEN
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PREVIOUS CLOSE
$2.00
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/28/08 - $9.75
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52 WEEK LOW
08/6/09 - $1.90
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MARKET CAP
2.5M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
$-1.78
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SHARES OUTSTANDING
1.2M
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IBFL Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
IBFL Top Compensated Officers
Mr. Mark A. Imes
Chief Executive Officer, President, Director,...
Age: 46
Total Annual Compensation: $130.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Independent Bancshares, Inc. (IBFL)
Independent Bancshares Inc. Announces Resignation of Directors
10/29/2009
On October 21, 2009, David A. Dizney and Robert A. Ellinor each resigned as directors of Independent Bancshares Inc.
Independent Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
07/17/2009
Independent Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2009. Net loss for the second quarter was $518,000, or $0.42 per basic and fully diluted share, compared to net income of $10,000, or $0.01 per basic and fully diluted share, for the second quarter of 2008. Second quarter 2009 earnings were severely impacted by write-downs on problem loans, collection expenses, and expenses related to Other Real Estate Owned, totaling $717,000. In addition the FDIC special assessment of $98,000 was booked against earnings. Year to date net loss for the first six months of 2009 was $1.6 million or $1.26 per basic and fully diluted share, as compared to a net loss of $178,000 or $0.14 per basic and fully diluted share, for the same period in 2008.
Independent Bancshares Inc., Annual General Meeting, Jun 17, 2009
05/11/2009
Independent Bancshares Inc., Annual General Meeting, Jun 17, 2009, at 16:00 Eastern Daylight. Location: Holiday Inn Conference Center, 3600 SW 38th Street, Ocala, FL 34474, United States. Agenda: To elect directors; to ratify the selection and appointment of Hacker, Johnson & Smith PA, as the company's independent registered public accounting firm for fiscal year 2009; and to transact any other business, including shareholder proposals, that may properly come before the annual meeting.
IBFL Competitors
| Company | Last | Change |
| Suntrust Banks Inc | $22.04 USD | +0.18 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | IBFL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 0.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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IBFL |
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IBFL transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Independent Bancshares, Inc.
More news for IBFL
INDEPENDENT BANCSHARES, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements Certain statements made in this report may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this report, the words "may," "will," "should," "would," "anticipate," "estimate," "expect," "plan," "believe," "intend," and similar expressions identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) the impact of current economic conditions, including disruptions in the housing and credit markets, either national or in the markets in which the Company does business; (2) changes in the interest rate environment that reduce net interest margin; (3) charge-offs and loan loss provisions; (4) the ability of the Bank to maintain required capital levels and adequate sources of funding and liquidity; (5) the impact of problems affecting issuers of investment securities the Bank holds (6) changes and trends in capital markets; (7) competitive pressures among depository institutions that increase significantly; (8) effects of critical accounting policies and judgments; (9) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (10) legislative or regulatory changes or actions, or significant litigation that adversely affect the Company or the business in which the Company is engaged; (11) ability to attract and retain key per...Click here to read the whole Article (external link)
Independent National Bank Agrees To Entry of a Consent Order with Office of the Comptroller of the Currency
OCALA, Fla., Nov. 13 /PRNewswire-FirstCall/ -- Mark A. Imes, President and Chief Executive Officer of Independent National Bank announced today the bank has successfully completed discussions with the Office if the Comptroller of the Currency and has agreed to the entry of a Consent Order with the regulatory agency. Independent National Bank (INB) (OTC Bulletin Board: IBFL - News) is a nationally chartered banking institution with five full-service banking center locations throughout Marion and Sumter Counties in Florida. In making the announcement, Imes commented, "Economic conditions have created a challenging banking environment, and all regulatory agencies are working closely with banks to provide the regulatory guidance and direction to help banks maintain financial soundness and adapt to these challenging conditions." Imes continued, "Independent National Bank will work closely with the OCC to attain full compliance with this order as quickly as possible."The Order summarizes certain remedial actions the OCC wants the bank to take, primarily related to policy and planning issues, oversight, loan concentrations and classifications, non-performing loans, liquidity/funds management and capital planning. The order also directs the bank to raise additional capital and implement a liquidity risk management plan.No provision of the Agreement in any way impacts the ability of the bank to transact business with banking customers. Independent National Bank will continue to serve customers in all areas including provi...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and
Show all filings for INDEPENDENT BANCSHARES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for INDEPENDENT BANCSHARES, INC. 29-Oct-2009Change in Directors or Principal Officers, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Federal Reserve imposes restrictions on 2 banks
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements Certain statements made in this report may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this report, the words "may," "will," "should," "would," "anticipate," "estimate," "expect," "plan," "believe," "intend," and similar expressions identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) the impact of current economic conditions, including disruptions in the housing and credit markets, either national or in the markets in which the Company does business; (2) changes in the interest rate environment that reduce net interest margin; (3) charge-offs and loan loss provisions; (4) the ability of the Bank to maintain required capital levels and adequate sources of funding and liquidity; (5) the impact of problems affecting issuers of investment securities the Bank holds (6) changes and trends in capital markets; (7) competitive pressures among depository institutions that increase significantly; (8) effects of critical accounting policies and judgments; (9) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (10) legislative or regulatory changes or actions, or significant litigation that adversely affect the Company or the business in which the Company is engaged; (11) ability to attract and retain key personnel; (12) abi...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for INDEPENDENT BANCSHARES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for INDEPENDENT BANCSHARES, INC. 17-Jul-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements Certain statements made in this report may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this report, the words "may," "will," "should," "would," "anticipate," "estimate," "expect," "plan," "believe," "intend," and similar expressions identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) the impact of current economic conditions, including disruptions in the housing and credit markets, either national or in the markets in which the Company does business; (2) changes in the interest rate environment that reduce net interest margin; (3) charge-offs and loan loss provisions; (4) the ability of the Bank to maintain required capital levels and adequate sources of funding and liquidity; (5) the impact of problems affecting issuers of investment securities the Bank holds (6) changes and trends in capital markets; (7) competitive pressures among depository institutions that increase significantly; (8) effects of critical accounting policies and judgments; (9) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (10) legislative or regulatory changes or actions, or significant litigation that adversely affect the Company or the business in which the Company is engaged; (11) ability to attract and retain key personnel; (12) abi...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 8-K/A, Results of Operations and Financial Condition, Financial Statement
Show all filings for INDEPENDENT BANCSHARES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for INDEPENDENT BANCSHARES, INC. 28-Apr-2009Results of Operations and Financial Condition, Financial Statement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
INDEPENDENT BANCSHARES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for INDEPENDENT BANCSHARES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for INDEPENDENT BANCSHARES, INC. 16-Apr-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
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