Synergy Bank, S.S.B. in Mckinney, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Synergy Bank, S.S.B. - Overview

  • General
  • FDIC Certificate #: 34669
    Status: Active
    Federal Reserve ID: 2678449
    Bank Holding Company (Regulatory Top Holder): Premier Bancshares, Inc. (RSSDID: 3180819, Location: Mckinney, TX)
    Date Established: March 20, 1998
    WWW: http://www.synergybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 61121
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: March 20, 1998
    Last Structure Change Effective Date: May 19, 2010
    Last Structure Change Process Date: May 19, 2010
    Last Data Update: May 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8951 Synergy Dr., Suite 100, Mckinney, TX 75070
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $124.4 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $102.8 mil
    Return on assets (ROA): 0.25% ($0.3 mil)
    Quarterly return on assets: 2.24% ($2.8 mil)
    Return on Equity (ROE): 1.86% ($0.3 mil)
    Quarterly return on equity: 16.21% ($2.8 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.36% ($448.0 mil)
    Quarterly Pretax return on assets: 3.21% ($3,994.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 38Total employees (full-time equivalent)
  • $124,431Total assets
  • $20,472Cash and due from depository institutions
  • $16,396Interest-bearing balances
  • $3,352Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,495Net loans & leases
  • $1,719Loan loss allowance
  • $0Trading account assets
  • $4,905Bank premises and fixed assets
  • $9,243Other real estate owned
  • $3,061Goodwill and other intangibles
  • $124,431Life insurance assets
  • $6,903All other assets
  • $106,969Total liabilities and capital
  • $102,770Total liabilities
  • $88,091Total deposits
  • $102,770Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,271Trading liabilities
  • $0Other borrowed funds
  • $928Subordinated debt
  • $17,462All other liabilities
  • $17,462Total equity capital
  • $17,462Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $16,540Surplus
  • $-3,078Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,525Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,621Income earned, not collected on loans
  • $0Earning assets
  • $298Long-term assets (5+ years)
  • $96,243Average Assets, year-to-date
  • $15,083Average Assets, quarterly
  • $126,492Volatile liabilities
  • $123,682Insider loans
  • $84,007FHLB advances
  • $119,625Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,915Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,521Restructured Loans and leases
  • $1,466Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,139Total interest income
  • $1,303Total interest expense
  • $3,836Net interest income
  • $853Provision for loan and lease losses
  • $2,587Total noninterest income
  • $0Fiduciary activities
  • $237Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,350Additional noninterest income
  • $5,116Total noninterest expense
  • $2,252Salaries and employee benefits
  • $955Premises and equipment expense
  • $1,909Additional noninterest expense
  • $454Pre-tax net operating income
  • $0Securities gains (losses)
  • $135Applicable income taxes
  • $319Income before extraordinary items
  • $0Extraordinary gains - net
  • $319Net income attributable to bank
  • $0Net charge-offs
  • $319Cash dividends
  • $715Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.84%Net interest margin
  • 2.59%Noninterest income to earning assets
  • 5.12%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 0.87%Net charge-offs to loans
  • 119.30%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 79,387Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 16.18%Noncurrent assets plus other real estate owned to assets
  • 15.96%Noncurrent loans to loans
  • 13.58%Net loans and leases to deposits
  • 74.43%Net loans and leases to core deposits
  • 80.55%Equity capital to assets
  • 14.03%Core capital (leverage) ratio
  • 10.80%Tier 1 risk-based capital ratio
  • 15.37%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $126,492Average earning assets
  • $17,163Average equity
  • $99,843Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061121Synergy Bank, S.S.b.8951 Synergy Dr., Suite 100, Mckinney, TX 75070March 20, 1998Full Service Brick and Mortar
    1430042Garland Branch603 West Main Street, Suite 101, Garland, TX 75040July 06, 2004Full Service Brick and Mortar
    2364061Denton Branch321 West Oak Street, Denton, TX 76201June 22, 2002Full Service Brick and Mortar
    4474192Waco Branch510 North Valley Mills Drive, Waco, TX 76710April 15, 2008Full Service Brick and Mortar

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