ValueBank Texas in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

ValueBank Texas - Overview

  • General
  • FDIC Certificate #: 19700
    Status: Active
    Federal Reserve ID: 964157
    Bank Holding Company (Regulatory Top Holder): First International Bancshares, Inc. (RSSDID: 2490520, Location: Corpus Christi, TX)
    Date Established: April 27, 1967
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 13499
    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: May 11, 1967
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3649 Leopard Street, Corpus Christi, TX 78408
    County: Nueces
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $171.6 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $152.3 mil
    Return on assets (ROA): 0.86% ($1.5 mil)
    Quarterly return on assets: 0.80% ($1.4 mil)
    Return on Equity (ROE): 8.61% ($1.5 mil)
    Quarterly return on equity: 8.19% ($1.4 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.20% ($2,058.8 mil)
    Quarterly Pretax return on assets: 1.10% ($1,887.2 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
  • 105Total employees (full-time equivalent)
  • $171,565Total assets
  • $29,101Cash and due from depository institutions
  • $23,503Interest-bearing balances
  • $24,059Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,815Net loans & leases
  • $1,436Loan loss allowance
  • $0Trading account assets
  • $6,214Bank premises and fixed assets
  • $1,569Other real estate owned
  • $0Goodwill and other intangibles
  • $171,565Life insurance assets
  • $6,807All other assets
  • $154,680Total liabilities and capital
  • $152,320Total liabilities
  • $92,148Total deposits
  • $152,320Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,153Trading liabilities
  • $0Other borrowed funds
  • $1,207Subordinated debt
  • $16,885All other liabilities
  • $16,878Total equity capital
  • $16,878Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $6,000Surplus
  • $8,878Undivided profits
  • Memoranda
  • $7Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $519Long-term assets (5+ years)
  • $151,377Average Assets, year-to-date
  • $44,831Average Assets, quarterly
  • $166,939Volatile liabilities
  • $173,568Insider loans
  • $112,251FHLB advances
  • $171,307Loans and leases held for sale
  • $4,238Unused loan commitments
  • $4,238Tier 1 (core) risk-based capital
  • $16,431Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,511Restructured Loans and leases
  • $1,028Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,287Total interest income
  • $356Total interest expense
  • $6,931Net interest income
  • $139Provision for loan and lease losses
  • $3,437Total noninterest income
  • $0Fiduciary activities
  • $1,638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,799Additional noninterest income
  • $8,254Total noninterest expense
  • $4,452Salaries and employee benefits
  • $1,851Premises and equipment expense
  • $1,951Additional noninterest expense
  • $1,975Pre-tax net operating income
  • $21Securities gains (losses)
  • $563Applicable income taxes
  • $1,433Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,433Net income attributable to bank
  • $0Net charge-offs
  • $1,433Cash dividends
  • $149Sale, conversion, retirement of capital stock, net
  • $1,120Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.24%Cost of funding earning assets
  • 4.72%Net interest margin
  • 2.34%Noninterest income to earning assets
  • 5.62%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 8.61%Return on equity (ROE)
  • 1.88%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 93.29%Credit loss provision to net charge-offs
  • 14.19%Efficiency ratio
  • 79,610Assets per employee
  • 1.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.16%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 68.16%Net loans and leases to core deposits
  • 69.83%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 14.64%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $166,939Average earning assets
  • $16,649Average equity
  • $146,919Average loans

List of branches

  • 10 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013499Valuebank Texas3649 Leopard Street, Corpus Christi, TX 78408April 27, 1967Full Service Brick and Mortar
    38545Orange Grove Branch204 South Eugenia Street, Orange Grove, TX 78372October 13, 1928Full Service Brick and Mortar
    416723Aransas Pass Branch925 South Commercial Street, Aransas Pass, TX 78336August 02, 1982Full Service Brick and Mortar
    512842Ingleside Branch201 Avenue B, Ingleside, TX 78362January 13, 1964Full Service Brick and Mortar
    613243Port Aransas Branch500 S. Alister, Port Aransas, TX 78373September 14, 1964Full Service Brick and Mortar
    7249261South Staples Branch7110 South Staples Street, Corpus Christi, TX 78413January 09, 1995Full Service Brick and Mortar
    8249262Portland Branch1625 Wildcat Drive, Portland, TX 78374October 23, 1995Full Service Brick and Mortar
    10249264Midtown Branch3757 S. Staples, Corpus Christi, TX 78411May 24, 1999Full Service Brick and Mortar
    11249265Rockport Branch#11 Highway 35n, Rockport, TX 78382Febuary 26, 1999Full Service Brick and Mortar
    13513837Valuebank Texas9710 S. Mason Road, Richmond, TX 77407October 22, 2010Full Service Brick and Mortar

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