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This excerpt taken from the IBOC 10-Q filed May 4, 2009. Deposits
Deposits decreased by an insignificant amount to $6,857,986,000 at March 31, 2009, from $6,858,784,000 at December 31, 2008. The slight decrease in deposits is the result of the increased demand for deposits and the aggregate pricing that is occurring in the market for deposits. The Company has attempted to maintain certain deposit relationships but has allowed certain deposits to leave as the result of aggressive pricing.
These excerpts taken from the IBOC 10-K filed Feb 25, 2009. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand deposit accounts, was equal to the amount payable on demand as of December 31, 2007 and 2006. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is based on currently offered rates. At December 31, 2008 and 2007, the carrying amount of time deposits was $3,317,512,000 and $3,352,390,000, respectively, and the estimated fair value was $3,343,150,000 and $3,376,754,000, respectively. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts This excerpt taken from the IBOC 10-Q filed Nov 7, 2008. Deposits
Deposits decreased 2.2% to $7,001,356,000 at September 30, 2008, from $7,157,606,000 at December 31, 2007.
This excerpt taken from the IBOC 10-Q filed Aug 8, 2008. Deposits
Deposits increased 0.6% to $7,201,363,000 at June 30, 2008, from $7,157,606,000 at December 31, 2007. The change in deposits is primarily the result of the Company’s internal sales program.
This excerpt taken from the IBOC 10-Q filed May 9, 2008. Deposits
Deposits increased 0.7% to $7,206,566,000 at March 31, 2008, from $7,157,606,000 at December 31, 2007. The change in deposits is primarily the result of the Company’s internal sales program.
These excerpts taken from the IBOC 10-K filed Feb 29, 2008. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand deposit accounts, was equal to the amount payable on demand as of December 31, 2007 and 2006. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is based on currently offered rates. At December 31, 2007 and 2006, the carrying amount of time deposits was $3,352,390,000 and $3,331,991,000, respectively, and the estimated fair value was $3,376,754,000 and $3,337,399,000, respectively. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand This excerpt taken from the IBOC 10-Q filed Nov 8, 2007. Deposits
Deposits increased 0.5% to $7,021,596,000 at September 30, 2007, from $6,989,918,000 at December 31, 2006. The change in deposits is primarily the result of the Company’s internal sales program and the acquisition of Southwest First Community, Inc.
This excerpt taken from the IBOC 10-Q filed Aug 8, 2007. Deposits Deposits increased 2.1% to $7,139,329,000 at June 30, 2007, from $6,989,918,000 at December 31, 2006. The change in deposits is primarily the result of the Company’s internal sales program and the acquisition of Southwest First Community, Inc. This excerpt taken from the IBOC 10-Q filed May 10, 2007. Deposits Deposits increased 3.2% to $7,212,757,000 at March 31, 2007, from $6,989,918,000 at December 31, 2006. The change in deposits is primarily the result of the Company’s internal sales program and the acquisition of Southwest First Community, Inc. This excerpt taken from the IBOC 10-K filed Mar 1, 2007. The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand deposit accounts, was equal to the amount payable on demand as of December 31, 2006 and 2005. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is based on currently offered rates. At December 31, 2006 and 2005, the carrying amount of time deposits was $3,331,991,000 and $3,160,812,000, respectively, and the estimated fair value was $3,337,399,000 and $3,175,624,000, respectively. 72 INTERNATIONAL BANCSHARES CORPORATION AND SUBSIDIARIES (21) Fair Value of Financial Instruments (Continued) This excerpt taken from the IBOC 10-Q filed Nov 8, 2006. Deposits Deposits increased .9% to $6,715,162, at September 30, 2006, from $6,656,426 at December 31, 2005. The change in deposits is primarily the result of the Company’s internal sales program despite the Company strategically reducing certain deposit categories of LFIN such as brokered deposits and certain public fund deposits. The Company decided not to continue the recruitment of brokered deposits and certain public funds because of the high expense associated with those types of funding sources and the lack of relationships those deposits carry. This excerpt taken from the IBOC 10-Q filed Aug 8, 2006. Deposits Deposits decreased .1% to $6,650,356 at June 30, 2006, from $6,656,426 at December 31, 2005. The decrease in deposits is primarily the result of the LFIN acquisition in which the Company strategically reduced certain deposit categories of LFIN such as brokered deposits and certain public fund deposits because of the high expense associated with those types of funding. The Company has managed the slight decrease in deposits with the Company’s internal sales program to organically grow deposits. The Company has not traditionally sought brokered deposits as a funding source and the Company has not aggressively pursued public fund deposits because of the lack of relationships those deposits carry. This excerpt taken from the IBOC 10-K filed Mar 15, 2006. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand deposit accounts, was equal to the amount payable on demand as of December 31, 2005 and 2004. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is based on currently offered rates. At December 31, 68 2005 and 2004, the carrying amount of time deposits was $3,160,812,000 and $3,188,003,000, respectively, and the estimated fair value was $3,175,624,000 and $3,197,198,000, respectively. This excerpt taken from the IBOC 10-K filed Mar 15, 2005. Deposits The fair value of deposits with no stated maturity, such as non-interest bearing demand deposit accounts, savings accounts and interest bearing demand deposit accounts, was equal to the amount payable on demand as of December 31, 2004 and 2003. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is based on currently offered rates. At December 31, 2004 and 2003, the carrying amount of time deposits was $3,188,003,000 and $2,225,611,000, respectively, and the estimated fair value was $3,197,198,000 and $2,211,589,000, respectively. | EXCERPTS ON THIS PAGE: |
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