Fidelity Bank in Plano, Texas (TX)



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Fidelity Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)24
Total assets$144,740
Cash and due from depository institutions$21,655
Interest-bearing balances$19,309
Securities$4,486
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$107,266
Loan loss allowance $1,490
Trading account assets$0
Bank premises and fixed assets$6,734
Other real estate owned$721
Goodwill and other intangibles$2,652
All other assets$1,226
Life insurance assets$0
Total liabilities and capital$144,740
Total liabilities$123,545
Total deposits$122,924
Interest-bearing deposits$97,561
Deposits held in domestic offices$122,924
% insured (estimated)76.69%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $621
Total equity capital$21,195
Total bank equity capital$21,195
Perpetual preferred stock$21,195
Common stock$0
Surplus$15,886
Undivided profits $3,430
Memoranda
Noncurrent loans and leases $1,879
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $9,603
Income earned, not collected on loans $0
Earning assets $1,371
Long-term assets (5+ years) $0
Average Assets, year-to-date $369
Average Assets, quarterly $131,061
Volatile liabilities $39,030
Insider loans $153,081
FHLB advances $150,110
Loans and leases held for sale $28,068
Unused loan commitments $4,067
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $9,603
Restructured Loans and leases $0
Derivatives$1,344
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $6,869
Total interest expense $1,386
Net interest income $5,483
Provision for loan and lease losses $573
Total noninterest income $90
Fiduciary activities $0
Service charges on deposit accounts $43
Trading account gains & fees $0
Additional noninterest income $47
Total noninterest expense $4,343
Salaries and employee benefits $2,288
Premises and equipment expense $593
Additional noninterest expense $1,462
Pre-tax net operating income $657
Securities gains (losses) -$186
Applicable income taxes $158
Income before extraordinary items $313
Extraordinary gains - net $0
Net income attributable to bank $313
Net charge-offs $0
Cash dividends $313
Sale, conversion, retirement of capital stock, net $370
Net operating income $281
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 0.99%
Net interest margin 3.93%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 3.11%
Net operating income to assets 0.28%
Return on assets (ROA) 0.20%
Pretax return on assets 0.31%
Return on equity (ROE) 1.53%
Retained earnings to average equity (YTD only) 0.16%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 154.86%
Efficiency ratio3.32%
Assets per employee$77,212
Cash dividends to net income (YTD only)6.03%
Condition Ratios (%)
Loss allowance to loans 89.78%
Loss allowance to noncurrent loans 1.37%
Noncurrent assets plus other real estate owned to assets 108.68%
Noncurrent loans to loans 1.45%
Net loans and leases to deposits1.26%
Net loans and leases to core deposits 87.26%
Equity capital to assets 113.08%
Core capital (leverage) ratio 14.64%
Tier 1 risk-based capital ratio 12.65%
Total risk-based capital ratio 18.06%
Memoranda
Average assets$19
Average earning assets$153,081
Average equity $20,436
Average loans $139,575
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