FDIC Certificate #: 35266 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Veritex Community Bank, National Association (#57665) Federal Reserve ID: 2841702 Date Established: December 15, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 77230 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 15, 1999 Last Structure Change Effective Date: March 23, 2011 Last Structure Change Process Date: March 30, 2011 Last Data Update: March 30, 2011 Data Source Date: April 05, 2012
Location
Address: 5049 West Park Boulevard, Plano, TX 75093 County: Collin Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas 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: $144.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$144,740Total assets
$21,655Cash and due from depository institutions
$19,309Interest-bearing balances
$4,486Securities
$0Federal funds sold & reverse repurchase agreements
$107,266Net loans & leases
$1,490Loan loss allowance
$0Trading account assets
$6,734Bank premises and fixed assets
$721Other real estate owned
$2,652Goodwill and other intangibles
$0Life insurance assets
$1,226All other assets
$144,740Total liabilities and capital
$123,545Total liabilities
$122,924Total deposits
$97,561Interest-bearing deposits
$122,924Deposits held in domestic offices
76.69%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$621All other liabilities
$21,195Total equity capital
$21,195Total bank equity capital
$21,195Perpetual preferred stock
$0Common stock
$15,886Surplus
$3,430Undivided profits
Memoranda
$1,879Noncurrent loans and leases
$9,603Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,371Earning assets
$0Long-term assets (5+ years)
$369Average Assets, year-to-date
$131,061Average Assets, quarterly
$39,030Volatile liabilities
$153,081Insider loans
$150,110FHLB advances
$28,068Loans and leases held for sale
$4,067Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,603Total unused commitments
$0Restructured Loans and leases
$1,344Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,869Total interest income
$1,386Total interest expense
$5,483Net interest income
$573Provision for loan and lease losses
$90Total noninterest income
$0Fiduciary activities
$43Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$4,343Total noninterest expense
$2,288Salaries and employee benefits
$593Premises and equipment expense
$1,462Additional noninterest expense
$657Pre-tax net operating income
-$186Securities gains (losses)
$158Applicable income taxes
$313Income before extraordinary items
$0Extraordinary gains - net
$313Net income attributable to bank
$0Net charge-offs
$313Cash dividends
$370Sale, conversion, retirement of capital stock, net
$281Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
0.99%Cost of funding earning assets
3.93%Net interest margin
0.06%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
0.28%Net operating income to assets
0.20%Return on assets (ROA)
0.31%Pretax return on assets
1.53%Return on equity (ROE)
0.16%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
154.86%Credit loss provision to net charge-offs
3.32%Efficiency ratio
77,212Assets per employee
6.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.78%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
108.68%Noncurrent assets plus other real estate owned to assets
1.45%Noncurrent loans to loans
1.26%Net loans and leases to deposits
87.26%Net loans and leases to core deposits
113.08%Equity capital to assets
14.64%Core capital (leverage) ratio
12.65%Tier 1 risk-based capital ratio
18.06%Total risk-based capital ratio
Memoranda
$19Average assets
$153,081Average earning assets
$20,436Average equity
$139,575Average loans
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