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

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Veritex Community Bank, National Association routing number info

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Veritex Community Bank, National Association
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)96
Total assets$438,383
Cash and due from depository institutions$62,790
Interest-bearing balances$28,008
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$296,599
Loan loss allowance $1,012
Trading account assets$0
Bank premises and fixed assets$10,203
Other real estate owned$729
Goodwill and other intangibles$21,331
All other assets$4,043
Life insurance assets$438,383
Total liabilities and capital$377,850
Total liabilities$365,687
Total deposits$239,087
Interest-bearing deposits$365,687
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,000
Other borrowed funds $0
Subordinated debt $2,163
All other liabilities $60,533
Total equity capital$60,533
Total bank equity capital$60,533
Perpetual preferred stock$0
Common stock$52,983
Undivided profits $-2
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,308
Earning assets $0
Long-term assets (5+ years) $1,114
Average Assets, year-to-date $367,295
Average Assets, quarterly $98,388
Volatile liabilities $345,899
Insider loans $404,948
FHLB advances $293,047
Loans and leases held for sale $408,926
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $39,805
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $24,039
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,853
Total interest expense $2,129
Net interest income $12,724
Provision for loan and lease losses $960
Total noninterest income $857
Fiduciary activities $0
Service charges on deposit accounts $542
Trading account gains & fees $0
Additional noninterest income $315
Total noninterest expense $12,104
Salaries and employee benefits $6,744
Premises and equipment expense $1,423
Additional noninterest expense $3,937
Pre-tax net operating income $517
Securities gains (losses) $421
Applicable income taxes $194
Income before extraordinary items $744
Extraordinary gains - net $0
Net income attributable to bank $744
Net charge-offs $0
Cash dividends $744
Sale, conversion, retirement of capital stock, net $114
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 0.71%
Net interest margin 4.22%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 4.01%
Net operating income to assets 0.12%
Return on assets (ROA) 0.22%
Pretax return on assets 0.27%
Return on equity (ROE) 1.47%
Retained earnings to average equity (YTD only) 1.47%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 842.11%
Efficiency ratio12.96%
Assets per employee$87,534
Cash dividends to net income (YTD only)4.57%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.34%
Noncurrent assets plus other real estate owned to assets 43.85%
Noncurrent loans to loans 0.69%
Net loans and leases to deposits0.78%
Net loans and leases to core deposits 81.11%
Equity capital to assets 88.92%
Core capital (leverage) ratio 13.81%
Tier 1 risk-based capital ratio 9.73%
Total risk-based capital ratio 13.58%
Average assets$14
Average earning assets$345,899
Average equity $50,690
Average loans $301,594
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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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