ValueBank Texas in Corpus Christi, Texas (TX)



Show street view No street view available for this location

ValueBank Texas routing number info

Table of contents:
ValueBank Texas
GeneralFDIC 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
WWW: http://www.valuebanktexas.com
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
LocationAddress: 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 ChangesName Change
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)105
Total assets$171,565
Cash and due from depository institutions$29,101
Interest-bearing balances$23,503
Securities$24,059
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$103,815
Loan loss allowance $1,436
Trading account assets$0
Bank premises and fixed assets$6,214
Other real estate owned$1,569
Goodwill and other intangibles$0
All other assets$6,807
Life insurance assets$171,565
Total liabilities and capital$154,680
Total liabilities$152,320
Total deposits$92,148
Interest-bearing deposits$152,320
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,153
Other borrowed funds $0
Subordinated debt $1,207
All other liabilities $16,885
Total equity capital$16,878
Total bank equity capital$16,878
Perpetual preferred stock$0
Common stock$2,000
Surplus$6,000
Undivided profits $8,878
Memoranda
Noncurrent loans and leases $7
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $519
Average Assets, year-to-date $151,377
Average Assets, quarterly $44,831
Volatile liabilities $166,939
Insider loans $173,568
FHLB advances $112,251
Loans and leases held for sale $171,307
Unused loan commitments $4,238
Tier 1 (core) risk-based capital $4,238
Tier 2 risk-based capital $16,431
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,511
Derivatives$1,028
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,287
Total interest expense $356
Net interest income $6,931
Provision for loan and lease losses $139
Total noninterest income $3,437
Fiduciary activities $0
Service charges on deposit accounts $1,638
Trading account gains & fees $0
Additional noninterest income $1,799
Total noninterest expense $8,254
Salaries and employee benefits $4,452
Premises and equipment expense $1,851
Additional noninterest expense $1,951
Pre-tax net operating income $1,975
Securities gains (losses) $21
Applicable income taxes $563
Income before extraordinary items $1,433
Extraordinary gains - net $0
Net income attributable to bank $1,433
Net charge-offs $0
Cash dividends $1,433
Sale, conversion, retirement of capital stock, net $149
Net operating income $1,120
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 0.24%
Net interest margin 4.72%
Noninterest income to earning assets 2.34%
Noninterest expense to earning assets 5.62%
Net operating income to assets 0.85%
Return on assets (ROA) 0.86%
Pretax return on assets 1.20%
Return on equity (ROE) 8.61%
Retained earnings to average equity (YTD only) 1.88%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 93.29%
Efficiency ratio14.19%
Assets per employee$79,610
Cash dividends to net income (YTD only)1.63%
Condition Ratios (%)
Loss allowance to loans 78.16%
Loss allowance to noncurrent loans 1.36%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 68.16%
Equity capital to assets 69.83%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 9.59%
Total risk-based capital ratio 14.64%
Memoranda
Average assets$16
Average earning assets$166,939
Average equity $16,649
Average loans $146,919
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with ValueBank Texas.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.