Bank of Las Colinas in Irving, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 2011

  • Bank of Las Colinas in Irving, Texas (TX)
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Bank of Las Colinas - Overview

  • General
  • 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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