The Bank of Vernon in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 02, 2009

  • The Bank of Vernon in Dallas, Texas (TX)
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The Bank of Vernon - Overview

  • General
  • FDIC Certificate #: 21413
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Shinhan Bank America (#33188)
    Federal Reserve ID: 3929849
    Date Established: January 21, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 14809
    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: January 21, 1974
    Last Structure Change Effective Date: May 02, 2009
    Last Structure Change Process Date: May 18, 2009
    Last Data Update: May 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2240 Royal Lane Suite 303, Dallas, TX 75229
    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
  • Absorption - Without Assistance
    Change in FED-RSSD-ID
    Change in Location
  • Financial Summary
  • Total assets: $33.8 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, 2008)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $32,120Total assets
  • $6,540Cash and due from depository institutions
  • $5,325Interest-bearing balances
  • $4,023Securities
  • $3,450Federal funds sold & reverse repurchase agreements
  • $15,854Net loans & leases
  • $139Loan loss allowance
  • $0Trading account assets
  • $1,742Bank premises and fixed assets
  • $0Other real estate owned
  • $181Goodwill and other intangibles
  • $0Life insurance assets
  • $330All other assets
  • $32,120Total liabilities and capital
  • $28,132Total liabilities
  • $28,059Total deposits
  • $22,537Interest-bearing deposits
  • $28,059Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $73All other liabilities
  • $3,988Total equity capital
  • $3,988Total bank equity capital
  • $3,988Perpetual preferred stock
  • $0Common stock
  • $360Surplus
  • $2,311Undivided profits
  • Memoranda
  • $1,317Noncurrent loans and leases
  • $2,873Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $269Average Assets, year-to-date
  • $28,652Average Assets, quarterly
  • $7,851Volatile liabilities
  • $32,185Insider loans
  • $32,231FHLB advances
  • $6,732Loans and leases held for sale
  • $29Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,873Total unused commitments
  • $82Restructured Loans and leases
  • $139Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $1,604Total interest income
  • $683Total interest expense
  • $921Net interest income
  • $61Provision for loan and lease losses
  • $134Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $37Additional noninterest income
  • $954Total noninterest expense
  • $494Salaries and employee benefits
  • $71Premises and equipment expense
  • $389Additional noninterest expense
  • $40Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $40Income before extraordinary items
  • $0Extraordinary gains - net
  • $40Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $45Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 2.37%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 1.02%Return on equity (ROE)
  • -0.13%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 358.82%Credit loss provision to net charge-offs
  • 5.94%Efficiency ratio
  • 86,161Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 112.50%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 56.50%Net loans and leases to core deposits
  • 74.34%Equity capital to assets
  • 12.42%Core capital (leverage) ratio
  • 11.74%Tier 1 risk-based capital ratio
  • 18.85%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $32,185Average earning assets
  • $3,933Average equity
  • $28,806Average loans

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