Veritex Community Bank, National Association in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Veritex Community Bank, National Association in Dallas, Texas (TX)
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Veritex Community Bank, National Association - Overview

  • General
  • FDIC Certificate #: 57665
    Status: Active
    Federal Reserve ID: 3221468
    Bank Holding Company (Regulatory Top Holder): Wcm Holdings, Inc. (RSSDID: 3437474, Location: Dallas, TX)
    Date Established: January 23, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 419332
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 23, 2004
    Last Structure Change Effective Date: October 27, 2011
    Last Structure Change Process Date: November 17, 2011
    Last Data Update: November 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2101 Abrams Road, Dallas, TX 75214
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $438.4 mil
    Equity capital: $60.5 mil
    Deposits held in domestic offices: $365.7 mil
    Return on assets (ROA): 0.22% ($1.0 mil)
    Quarterly return on assets: -0.12% (-$0.5 mil)
    Return on Equity (ROE): 1.47% ($0.9 mil)
    Quarterly return on equity: -0.80% (-$0.5 mil)
    Net income: $0.7 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.27% ($1,183.6 mil)
    Quarterly Pretax return on assets: 0.07% ($306.9 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
  • 96Total employees (full-time equivalent)
  • $438,383Total assets
  • $62,790Cash and due from depository institutions
  • $28,008Interest-bearing balances
  • $42,688Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $296,599Net loans & leases
  • $1,012Loan loss allowance
  • $0Trading account assets
  • $10,203Bank premises and fixed assets
  • $729Other real estate owned
  • $21,331Goodwill and other intangibles
  • $438,383Life insurance assets
  • $4,043All other assets
  • $377,850Total liabilities and capital
  • $365,687Total liabilities
  • $239,087Total deposits
  • $365,687Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $2,163Subordinated debt
  • $60,533All other liabilities
  • $60,533Total equity capital
  • $60,533Total bank equity capital
  • $0Perpetual preferred stock
  • $52,983Common stock
  • $7,552Surplus
  • $-2Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,308Income earned, not collected on loans
  • $0Earning assets
  • $1,114Long-term assets (5+ years)
  • $367,295Average Assets, year-to-date
  • $98,388Average Assets, quarterly
  • $345,899Volatile liabilities
  • $404,948Insider loans
  • $293,047FHLB advances
  • $408,926Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,805Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,039Restructured Loans and leases
  • $5,414Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,853Total interest income
  • $2,129Total interest expense
  • $12,724Net interest income
  • $960Provision for loan and lease losses
  • $857Total noninterest income
  • $0Fiduciary activities
  • $542Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315Additional noninterest income
  • $12,104Total noninterest expense
  • $6,744Salaries and employee benefits
  • $1,423Premises and equipment expense
  • $3,937Additional noninterest expense
  • $517Pre-tax net operating income
  • $421Securities gains (losses)
  • $194Applicable income taxes
  • $744Income before extraordinary items
  • $0Extraordinary gains - net
  • $744Net income attributable to bank
  • $0Net charge-offs
  • $744Cash dividends
  • $114Sale, 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
  • 0.71%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 1.47%Return on equity (ROE)
  • 1.47%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 842.11%Credit loss provision to net charge-offs
  • 12.96%Efficiency ratio
  • 87,534Assets per employee
  • 4.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.34%Loss allowance to noncurrent loans
  • 43.85%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 81.11%Net loans and leases to core deposits
  • 88.92%Equity capital to assets
  • 13.81%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 13.58%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $345,899Average earning assets
  • $50,690Average equity
  • $301,594Average loans

List of branches

  • 9 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0419332Veritex Community Bank, National Association2101 Abrams Road, Dallas, TX 75214January 23, 2004Full Service Brick and Mortar
    1449812Professional Bank, Na622 Clara Barton Drive, Garland, TX 75042Febuary 13, 2006Full Service Brick and Mortar
    2450669Professional Bank, Na7001 Preston Road, Suite 100, Dallas, TX 75205March 20, 2006Full Service Brick and Mortar
    377230Fidelity Bank Branch5049 West Park Boulevard, Plano, TX 75093December 15, 1999Full Service Brick and Mortar
    4497941Central Expressway Branch6116 N. Central Expressway, Dallas, TX 75206May 16, 2009Full Service Brick and Mortar
    5497942Luther Lane Branch5944 Luther Lane, Dallas, TX 75225July 26, 2009Full Service Brick and Mortar
    6518484Dallas Branch10000 North Central Expressway, Suite 100, Dallas, TX 75231March 21, 2011Full Service Brick and Mortar
    7462880Irving Branch300 East John Carpenter Freeway Suite 100, Irving, TX 75062December 13, 2007Full Service Brick and Mortar
    8526985Alexis Branch14885 Preston Rd, Dallas, TX 75254November 01, 2011Full Service Brick and Mortar

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