Sovereign Bank (TX)

Sovereign Bank (TX) Locations
17950 Preston Road - Suite 100
Dallas, TX 75252
214.242.1900
www.banksov.com

Sovereign Bank (TX) is headquartered in Dallas and is the 58th largest bank in the state of Texas. It is also the 753rd largest bank in the nation. It was established in 2004 and as of March of 2012, it had grown to 117 employees at 10 locations. Sovereign Bank (TX) has a 5-star health rating.

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Data for Q1 2012


Institution Statistics


Sovereign Bank
FDIC Certificate #57787
BankRate ReportView
Year Established2004
Employees117
Primary RegulatorFDIC

Assets and Liabilities

Assets$885.89 million
Loans$563.07 million
Deposits$698.68 million
Equity Capital$106.93 million
Loan Loss Allowance$9.05 million
Unbacked Noncurrent Loans$6.17 million
Real Estate Owned$5.37 million

Historic Data - March 2011

Assets$752.90 million
Equity Capital$91.51 million
Loan Loss Allowance$8.62 million
Unbacked Noncurrent Loans$497,000
Real Estate Owned$11.42 million

Profit Margin - Quarterly

Net Interest Margin3.56%
Return on Assets0.4%
Return on Equity3.26%
Interest Income$9.59 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Sovereign Bank (TX) had $11.54 million in non-current loans and owned real-estate with $115.98 million in equity and loan loss allowances on hand to cover it. This gives Sovereign Bank (TX) a Texas Ratio of 9.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Sovereign Bank (TX) held steady from 10.81% as of March 31, 2011 to 9.95% as of March 31, 2012, resulting in a positive change of 7.98%.This indicates that the balance sheet and financial strength for Sovereign Bank (TX) has held steady in recent periods.
Deposit Growth5
In the past year, Sovereign Bank (TX) has increased its total deposits by $98.78 million, resulting in 16.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sovereign Bank (TX) has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sovereign Bank (TX) has $885.89 million in assets with $115.98 million in equity, resulting in a capitalization level of 13.09%, which is excellent.
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