Sovereign Bank in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sovereign Bank in Dallas, Texas (TX)
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Sovereign Bank - Overview

  • General
  • FDIC Certificate #: 57787
    Status: Active
    Federal Reserve ID: 3269590
    Bank Holding Company (Regulatory Top Holder): Sovereign Bancshares, Inc. (RSSDID: 3269602, Location: Dallas, TX)
    Date Established: July 29, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 424653
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 29, 2004
    Last Structure Change Effective Date: March 26, 2007
    Last Structure Change Process Date: April 06, 2007
    Last Data Update: April 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 17950 Preston Road - Suite 100, Dallas, TX 75252
    County: Dallas
    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)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $848.5 mil
    Equity capital: $108.3 mil
    Deposits held in domestic offices: $665.3 mil
    Return on assets (ROA): 0.83% ($7.0 mil)
    Quarterly return on assets: 0.72% ($6.1 mil)
    Return on Equity (ROE): 6.75% ($7.3 mil)
    Quarterly return on equity: 5.67% ($6.1 mil)
    Net income: $6.6 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.03% ($8,740.0 mil)
    Quarterly Pretax return on assets: 0.82% ($6,958.1 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, 2011)

  • Dollar figures in thousands
  • 115Total employees (full-time equivalent)
  • $848,548Total assets
  • $11,896Cash and due from depository institutions
  • $5,595Interest-bearing balances
  • $288,028Securities
  • $101Federal funds sold & reverse repurchase agreements
  • $516,403Net loans & leases
  • $8,561Loan loss allowance
  • $0Trading account assets
  • $15,118Bank premises and fixed assets
  • $5,538Other real estate owned
  • $0Goodwill and other intangibles
  • $848,548Life insurance assets
  • $11,464All other assets
  • $740,293Total liabilities and capital
  • $665,283Total liabilities
  • $550,268Total deposits
  • $665,283Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 11150.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $59,558Trading liabilities
  • $0Other borrowed funds
  • $4,302Subordinated debt
  • $108,255All other liabilities
  • $108,255Total equity capital
  • $108,255Total bank equity capital
  • $0Perpetual preferred stock
  • $5,200Common stock
  • $80,760Surplus
  • $22,295Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $43Income earned, not collected on loans
  • $0Earning assets
  • $3,161Long-term assets (5+ years)
  • $810,127Average Assets, year-to-date
  • $308,761Average Assets, quarterly
  • $799,064Volatile liabilities
  • $843,099Insider loans
  • $590,967FHLB advances
  • $836,192Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $101,734Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $124,185Restructured Loans and leases
  • $5,339Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,245Total interest income
  • $9,113Total interest expense
  • $28,132Net interest income
  • $250Provision for loan and lease losses
  • $1,736Total noninterest income
  • $0Fiduciary activities
  • $502Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,234Additional noninterest income
  • $22,477Total noninterest expense
  • $13,529Salaries and employee benefits
  • $3,295Premises and equipment expense
  • $5,653Additional noninterest expense
  • $7,141Pre-tax net operating income
  • $1,089Securities gains (losses)
  • $1,624Applicable income taxes
  • $6,606Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,606Net income attributable to bank
  • $0Net charge-offs
  • $6,606Cash dividends
  • $303Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 6.75%Return on equity (ROE)
  • 6.75%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 82.51%Credit loss provision to net charge-offs
  • 24.39%Efficiency ratio
  • 75,254Assets per employee
  • 7.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 19909.30%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 77.62%Net loans and leases to core deposits
  • 87.10%Equity capital to assets
  • 12.76%Core capital (leverage) ratio
  • 12.17%Tier 1 risk-based capital ratio
  • 17.21%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $799,064Average earning assets
  • $97,866Average equity
  • $756,323Average loans

List of branches

  • 10 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0424653Sovereign Bank17950 Preston Road - Suite 100, Dallas, TX 75252July 29, 2004Full Service Brick and Mortar
    2443467Preston Center Branch6060 Sherry Lane, Dallas, TX 75225March 01, 2005Full Service Brick and Mortar
    3444971Las Colinas7255 North State Highway 161, Irving, TX 75039September 22, 2005Full Service Brick and Mortar
    4446853Austin Downtown Branch600 West 5th Street, Austin, TX 78701November 14, 2005Full Service Brick and Mortar
    5448959Austin Cedar Park150 South Bell Boulevard, Cedar Park, TX 78613January 03, 2006Full Service Brick and Mortar
    6453175Southlake Branch2438 East Southlake Boulevard, Southlake, TX 76092May 18, 2006Full Service Brick and Mortar
    7453176Richardson Branch377 West Campbell Rd, Suite 100, Richardson, TX 75080Febuary 06, 2006Full Service Brick and Mortar
    8461790Forth Worth University Branch3113 South University Drive, Suite 100, Fort Worth, TX 76109March 05, 2007Full Service Brick and Mortar
    9469369Arlington Branch3800 Matlock Road, Arlington, TX 76015October 15, 2007Full Service Brick and Mortar
    10492796Fort Worth - Downtown Branch2800 W. 7th Street, Fort Worth, TX 76107December 15, 2008Full Service Brick and Mortar

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