FDIC Certificate #: 58688 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Veritex Community Bank, National Association (#57665) Federal Reserve ID: 3640368 Date Established: December 13, 2007 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Interstate: No) OTS Docket #: 18055 FDIC's unique #: 462880 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 13, 2007 Last Structure Change Effective Date: October 27, 2011 Last Structure Change Process Date: November 17, 2011 Last Data Update: November 17, 2011 Data Source Date: April 05, 2012
Location
Address: 300 East John Carpenter Freeway Suite 100, Irving, TX 75062 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Chicago FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $51.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
10Total employees (full-time equivalent)
$44,767Total assets
$3,316Cash and due from depository institutions
$1,445Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$40,696Net loans & leases
$737Loan loss allowance
$0Trading account assets
$355Bank premises and fixed assets
$0Other real estate owned
$10Goodwill and other intangibles
$0Life insurance assets
$390All other assets
$44,767Total liabilities and capital
$39,200Total liabilities
$39,165Total deposits
$25,237Interest-bearing deposits
$39,165Deposits held in domestic offices
92.34%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$35All other liabilities
$5,567Total equity capital
$5,567Total bank equity capital
$5,567Perpetual preferred stock
$0Common stock
$4,000Surplus
$4,000Undivided profits
Memoranda
$-2,433Noncurrent loans and leases
$5,751Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$907Earning assets
$0Long-term assets (5+ years)
$145Average Assets, year-to-date
$42,141Average Assets, quarterly
$0Volatile liabilities
$44,465Insider loans
$44,968FHLB advances
$7,902Loans and leases held for sale
$3,193Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,751Total unused commitments
$0Restructured Loans and leases
$484Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,253Total interest income
$298Total interest expense
$1,955Net interest income
$8Provision for loan and lease losses
$91Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$1,932Total noninterest expense
$795Salaries and employee benefits
$306Premises and equipment expense
$831Additional noninterest expense
$106Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$106Income before extraordinary items
$0Extraordinary gains - net
$106Net income attributable to bank
$0Net charge-offs
$106Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
0.72%Cost of funding earning assets
4.74%Net interest margin
0.22%Noninterest income to earning assets
4.69%Noninterest expense to earning assets
0.24%Net operating income to assets
0.24%Return on assets (ROA)
0.24%Pretax return on assets
1.94%Return on equity (ROE)
1.94%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
57.00%Efficiency ratio
93,842Assets per employee
4.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
81.26%Noncurrent assets plus other real estate owned to assets
2.03%Noncurrent loans to loans
2.19%Net loans and leases to deposits
103.91%Net loans and leases to core deposits
130.17%Equity capital to assets
12.44%Core capital (leverage) ratio
12.44%Tier 1 risk-based capital ratio
14.46%Total risk-based capital ratio
Memoranda
$16Average assets
$44,465Average earning assets
$5,465Average equity
$41,231Average loans
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