Nominee For Director
|
| |
Director
Since |
| |
Age
|
| |
Company Position(s)
|
|
Javier de Anda | | |
2015
|
| |
70
|
| | Director(1)(3) | |
Douglas B. Howland | | |
2010
|
| |
72
|
| | Director(1)(2)(3) | |
Rudolph M. Miles | | |
2019
|
| |
75
|
| | Director | |
Dennis E. Nixon* | | |
1975
|
| |
80
|
| |
Chairman of the Board and President;
IBC Chief Executive Officer; Director |
|
Larry A. Norton | | |
2010
|
| |
75
|
| | Director(1)(2)(3) | |
Roberto R. Reséndez | | |
2015
|
| |
72
|
| | Director(1)(2) | |
Antonio R. Sanchez, Jr. | | |
1995
|
| |
80
|
| | Director | |
Diana G. Zuniga | | |
2022
|
| |
74
|
| | Director(2)(3) | |
Experience, Qualification or Skill
|
| |
Javier de
Anda |
| |
Douglas B.
Howland |
| |
Rudolph M.
Miles |
| |
Dennis E.
Nixon |
| |
Larry A.
Norton |
| |
Roberto R.
Reséndez |
| |
Antonio R.
Sanchez, Jr. |
| |
Diana G.
Zuniga |
| ||||||||||||||||||||||||
Professional Standing in Chosen Field
|
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Experience in Financial Services or Related Industry
|
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Experience Reviewing Financial Statement and Financial
Matters |
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Civic and Community
Involvement |
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Independent Director
|
| | | | x | | | | | | x | | | | | | x | | | | | | — | | | | | | x | | | | | | x | | | | | | — | | | | | | x | | |
Leadership and Team Building Skills
|
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Diversity by Race, Gender or
Culture |
| | | | x | | | | | | x | | | | | | x | | | | | | — | | | | | | — | | | | | | x | | | | | | x | | | | | | x | | |
Collegial and Insightful
|
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Stock Ownership in the
Company |
| | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | | | | | x | | |
Gender:
|
| |
Female
|
| |
Male
|
| |
Non-
Binary |
| |
Did not
Disclose Gender |
| ||||||||||||
Number of Directors Based on Gender Identity:
|
| | | | 1 | | | | | | 7 | | | | | | — | | | | | | — | | |
Number of Directors who Identify in Any of the Categories Below: | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Alaskan Native or Native American
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Asian
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Hispanic or Latinx
|
| | | | 1 | | | | | | 5 | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White – Anglo
|
| | | | — | | | | | | 2 | | | | | | — | | | | | | — | | |
Two or More Races or Ethnicities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
LGBTQ+
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Did not Disclose Demographic Background
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Fees Earned or Paid in
Cash ($)(1) |
| |
All Other
Compensation ($)(2) |
| |
Total ($)
|
| |||||||||
Javier de Anda
|
| | | | 8,800 | | | | | | 24,300 | | | | | | 33,100 | | |
Douglas B. Howland
|
| | | | 10,800 | | | | | | 25,900 | | | | | | 36,700 | | |
Rudolph M. Miles
|
| | | | 8,000 | | | | | | 25,100 | | | | | | 33,100 | | |
Larry A. Norton
|
| | | | 10,000 | | | | | | 24,500 | | | | | | 34,500 | | |
Roberto R. Reséndez
|
| | | | 10,000 | | | | | | 23,500 | | | | | | 33,500 | | |
Antonio R. Sanchez, Jr
|
| | | | 5,000 | | | | | | 8,500 | | | | | | 13,500 | | |
Diana G. Zuniga
|
| | | | 5,000 | | | | | | 10,700 | | | | | | 15,700 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($)(1) |
| |
Bonus
($)(2) |
| |
Stock
Awards ($) |
| |
Option / SAR
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($)(4) |
| |
All Other
Compensation ($)(5) |
| |
Total
($) |
| ||||||||||||||||||||||||
Dennis E. Nixon.........................................
Chairman of the Board President and Director of the Company; CEO and Director of IBC |
| | | | 2022 | | | | | | 660,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,500,000 | | | | | | 240,081 | | | | | | 2,400,081 | | |
| | | 2021 | | | | | | 660,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,000,000 | | | | | | 222,996 | | | | | | 2,882,996 | | | ||
| | | 2020 | | | | | | 660,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,250,000 | | | | | | 232,783 | | | | | | 2,142,783 | | | ||
Dalia F. Martinez.......................................
Vice President of the Company; and Executive Vice President of IBC |
| | | | 2022 | | | | | | 197,175 | | | | | | 89,865 | | | | | | — | | | | | | 83,750(3) | | | | | | — | | | | | | 33,434 | | | | | | 404,224 | | |
| | | 2021 | | | | | | 186,225 | | | | | | 86,099 | | | | | | — | | | | | | — | | | | | | — | | | | | | 30,358 | | | | | | 302,682 | | | ||
Julie L. Tarvin............................................
Executive Vice President – Enterprise Risk Management of IBC (formerly a Vice President of the Company)(6) |
| | | | 2022 | | | | | | 181,410 | | | | | | 19,561 | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,709 | | | | | | 220,680 | | |
| | | 2021 | | | | | | 181,791 | | | | | | 14,207 | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,546 | | | | | | 212,544 | | | ||
| | | 2020 | | | | | | 181,282 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,314 | | | | | | 200,596 | | | ||
Judith I. Wawroski......................................
Chief Accounting Officer of the Company; and Executive Vice President of IBC |
| | | | 2022 | | | | | | 184,200 | | | | | | 55,951 | | | | | | — | | | | | | 67,000(3) | | | | | | — | | | | | | 31,481 | | | | | | 338,632 | | |
| | | 2021 | | | | | | 175,050 | | | | | | 47,393 | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,519 | | | | | | 250,962 | | | ||
| | | 2020 | | | | | | 169,800 | | | | | | 39,307 | | | | | | — | | | | | | 4,305 | | | | | | — | | | | | | 25,688 | | | | | | 239,100 | | |
Name
|
| |
Year
|
| |
Club
Memberships ($) |
| |
Long Term
Disability & Health Premiums ($) |
| |
Company
Contribution to Profit Sharing Plans ($)(1) |
| |
Company
and Subsidiary Bank Director Fees ($)(2) |
| |
Housing
Allowance ($)(3) |
| |
Administrative
Services ($)(4) |
| |
Airplane
($)(5) |
| |
Total
($) |
| |||||||||||||||||||||||||||
Dennis E. Nixon......................
|
| | | | 2022 | | | | | | 4,817 | | | | | | 6,724 | | | | | | 18,255 | | | | | | 136,600 | | | | | | — | | | | | | 40,000 | | | | | | 33,685 | | | | | | 240,081 | | |
| | | 2021 | | | | | | 4,717 | | | | | | 6,251 | | | | | | 14,690 | | | | | | 131,700 | | | | | | — | | | | | | 40,000 | | | | | | 25,638 | | | | | | 222,996 | | | ||
| | | 2020 | | | | | | 2,560 | | | | | | 5,882 | | | | | | 14,362 | | | | | | 127,100 | | | | | | — | | | | | | 40,000 | | | | | | 34,030 | | | | | | 223,934 | | | ||
Dalia F. Martinez.....................
|
| | | | 2022 | | | | | | 7,540 | | | | | | 7,074 | | | | | | 11,860 | | | | | | — | | | | | | 6,960 | | | | | | — | | | | | | — | | | | | | 33,434 | | |
| | | 2021 | | | | | | 7,190 | | | | | | 6,602 | | | | | | 9,486 | | | | | | — | | | | | | 7,080 | | | | | | — | | | | | | — | | | | | | 30,358 | | | ||
Julie L. Tarvin(6) .......................
|
| | | | 2022 | | | | | | — | | | | | | 8,792 | | | | | | 10,917 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,709 | | |
| | | 2021 | | | | | | — | | | | | | 7,300 | | | | | | 9,246 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,546 | | | ||
| | | 2020 | | | | | | 2,978 | | | | | | 7,083 | | | | | | 9,253 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,314 | | | ||
Judith I. Wawroski...................
|
| | | | 2022 | | | | | | 7,540 | | | | | | 7,622 | | | | | | 11,071 | | | | | | — | | | | | | 5,248 | | | | | | — | | | | | | — | | | | | | 31,481 | | |
| | | 2021 | | | | | | 7,190 | | | | | | 7,150 | | | | | | 8,899 | | | | | | — | | | | | | 5,280 | | | | | | — | | | | | | — | | | | | | 28,519 | | | ||
| | | 2020 | | | | | | 4,655 | | | | | | 6,933 | | | | | | 8,670 | | | | | | — | | | | | | 5,430 | | | | | | — | | | | | | — | | | | | | 25,688 | | |
Name
|
| |
Grant Date
|
| |
Estimated Possible Payouts
Under Non-Equity Incentive Plan Awards(1) |
| |
All Other
Option/SAR Awards: Number of Securities Underlying Options/ SARs (#)(3) |
| |
Exercise
or Base Price of Option/ SAR Awards ($/Sh) |
| |
Grant Date
Fair Value of Stock and Option/SAR Awards ($)(4) |
| |||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |||||||||||||||||||||||||||||||||||
Dennis E. Nixon
|
| | | | 02/24/2023(2) | | | | | $ | 1,500,000 | | | | | $ | 1,500,000 | | | | | $ | 1,500,000 | | | | | | — | | | | | | — | | | | | | — | | |
Judith I. Wawroski
|
| | | | 07/14/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,000 | | | | | $ | 39.33 | | | | | $ | 67,000 | | |
Dalia F. Martinez
|
| | | | 07/14/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,000 | | | | | $ | 39.33 | | | | | $ | 83,750 | | |
| | |
Options and SARs Awards
|
| |||||||||||||||||||||
| | |
Number of
Securities Underlying Unexercised Options/SARs (#) Exercisable |
| |
Equity Incentive
Plan Awards: Number of Securities Underlying Unexercised Options/SARs (#) Unexercisable |
| |
Option/SAR
Exercise Price ($) |
| |
Option/SAR
Expiration Date |
| ||||||||||||
Dennis E. Nixon(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dalia F. Martinez
|
| | | | 5,000 | | | | | | — | | | | | | 21.42 | | | | | | 02/19/2024(2) | | |
| | | 750 | | | | | | 1,750 | | | | | | 38.30 | | | | | | 04/02/2028(4) | | | ||
| | | 100 | | | | | | 1,900 | | | | | | 16.84 | | | | | | 03/20/2030(5) | | | ||
| | | — | | | | | | 5,000(6) | | | | | | 39.33 | | | | | | 07/14/2032(6) | | | ||
Julie L. Tarvin
|
| | | | 3,500 | | | | | | — | | | | | | 21.42 | | | | | | 02/19/2024(2) | | |
| | | 10,000 | | | | | | — | | | | | | 24.09 | | | | | | 08/25/2025(3) | | | ||
| | | 600 | | | | | | 1,400 | | | | | | 38.30 | | | | | | 04/02/2028(4) | | | ||
Judith I. Wawroski
|
| | | | — | | | | | | 2,275 | | | | | | 38.30 | | | | | | 04/02/2028(4) | | |
| | | — | | | | | | 1,663 | | | | | | 16.84 | | | | | | 03/20/2030(5) | | | ||
| | | — | | | | | | 4,000(6) | | | | | | 39.33 | | | | | | 07/14/2032(6) | | |
| | |
Option Awards
|
| |||||||||
| | |
Number of
Shares Acquired on Exercise (#) |
| |
Value
Realized on Exercise ($) |
| ||||||
Dennis E. Nixon
|
| | | | — | | | | | | — | | |
Dalia F. Martinez
|
| | | | — | | | | | | — | | |
Julie L. Tarvin
|
| | | | — | | | | | | — | | |
Judith I. Wawroski
|
| | | | 575 | | | | | | 5,760 | | |
Plan Category
|
| |
(a)
Number of securities to be issued upon exercise of outstanding options, warrants and rights |
| |
(b)
Weighted average exercise price of outstanding options, warrants and rights |
| |
(c)
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column A) |
| |||||||||
Equity compensation plans approved
by security holders |
| | | | 461,822 | | | | | $ | 29.67 | | | | | | — | | |
Total
|
| | | | 461,822 | | | | | $ | 29.67 | | | | | | — | | |
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership of Common Stock |
| |
Percent
of Class |
| ||||||
Javier De Anda(1)
|
| | | | 29,561 | | | | | | * | | |
Douglas B. Howland
|
| | | | 8,303 | | | | | | * | | |
Rudolph M. Miles(2)
|
| | | | 15,562 | | | | | | * | | |
Dennis E. Nixon(3)
|
| | | | 2,332,753 | | | | | | 3.75% | | |
Larry A. Norton(4)
|
| | | | 122,847 | | | | | | * | | |
Roberto R. Reséndez(5)
|
| | | | 62,636 | | | | | | * | | |
A. R. Sanchez Jr.(6)
|
| | | | 6,345,867 | | | | | | 10.21% | | |
Diana G. Zuniga(7)
|
| | | | 14,321 | | | | | | * | | |
Dalia F. Martinez(8)
|
| | | | 12,364 | | | | | | * | | |
Julie L. Tarvin(9)
|
| | | | 24,910 | | | | | | * | | |
Judith I. Wawroski(10)
|
| | | | 10,122 | | | | | | * | | |
Officers and directors as a group (11) persons(11)
|
| | | | 8,979,246 | | | | | | 14.45% | | |
Name and Address of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership of Common Stock |
| |
Percent
Class |
|
A. R. Sanchez Jr.(1)
P.O. Box 2986 Laredo, Texas 78040 |
| |
6,345,867
|
| |
10.21%
|
|
BlackRock, Inc.(2)
55 East 52nd Street New York, NY 10055 |
| |
6,555,740
|
| |
10.60%
|
|
The Vanguard Group, Inc.(3)
100 Vanguard Blvd. Malvern, PA 19355 |
| |
6,320,442
|
| |
10.18%
|
|
Dimensional Fund Advisors LP(4)
6300 Bee Cave Road, Building One Austin, TX 78746 |
| |
4,381,869
|
| |
7.10%
|
|
Wellington Management Group LLP(5)
c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 |
| |
3,873,439
|
| |
6.24%
|
|
Year | | | Summary Compensation Table Total for PEO ($)(1) | | | Compensation Actually Paid to PEO ($)(3) | | | Average Summary Compensation Table Total for Non-PEO NEOs ($)(2) | | | Average Compensation Actually Paid to Non-PEO NEOs ($)(3) | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income ($) (in thousands)(6) | | | Average Common Equity | | |||||||||||||||||||||||||||
| Total Shareholder Return ($)(4) | | | Peer Group Total Shareholder Return ($)(5) | | ||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | | | ||||||||
2021 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | | | ||||||||
2020 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | | |
| | | Non-PEO NEOs | | |||||||||||||||
| | | 2022 | | | 2021 | | | 2020 | | |||||||||
Average Summary Compensation Table Total | | | | $ | | | | | $ | | | | | $ | | | |||
Deduction for amounts reported under the “Option Awards” column in the Summary Compensation Table | | | | | – | | | | | | | | | | | – | | | |
Increase for fair value of awards granted during year that remain outstanding and unvested as of covered year end | | | | | | | | | | | | | | | | | |||
Increase/deduction for change in fair value from prior year-end to covered year-end of awards granted prior to covered year that were outstanding and unvested as of covered year-end | | | | | | | | | | | | | | | – | | | ||
Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year | | | | | – | | | | | | | | | | | – | | | |
Total Adjustments | | | | $ | | | | | $ | | | | | $ | | | |||
Compensation “Actually Paid” | | | | $ | | | | | $ | | | | | $ | | |
| | |
Total Number
of Shares Purchased |
| |
Average
Price Paid Per Share |
| |
Total Number
of Shares Purchased as Part of a Publicly- Announced Program |
| |
Approximate
Dollar Value of Shares Available for Repurchase(1) |
| ||||||||||||
October 1 – October 31, 2022
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | 101,440,000 | | |
November 1 – November 30, 2022
|
| | | | 1,239 | | | | | | 51.84 | | | | | | 1,239 | | | | | | 101,376,000 | | |
December 1 – December 31, 2022
|
| | | | 1,007 | | | | | | 45.20 | | | | | | 1,007 | | | | | | 101,331.000 | | |
Total
|
| | | | 2,246 | | | | | $ | 48.86 | | | | | | 2,246 | | | | | | | | |
| | |
December 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
Audit Fees(1)
|
| | | $ | 1,509,940 | | | | | $ | 1,267,700 | | |
Audit and Audit-Related Fees
|
| | | | 1,509,940 | | | | | | 1,267,700 | | |
Tax Fees(2)
|
| | | | 244,005 | | | | | | 236,315 | | |
Total Fees
|
| | | $ | 1,753,945 | | | | | $ | 1,504,015 | | |