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Overview / Commentary
866-862-7355
6000 Legacy Drive
Plano, TX 75024

UmbrellaBank.com is headquartered in Plano and is the 16st largest bank in the state of Texas. It is also the 288th largest bank in the nation. It was established in 1988 and as of December of 2013, it had grown to 327 employees at 19 locations. UmbrellaBank.com has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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 December 31, 2013 UmbrellaBank.com had $381.69 million in non-current loans and owned real-estate with $1.05 billion in equity and loan loss allowances on hand to cover it. This gives UmbrellaBank.com a Texas Ratio of 36.32% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for UmbrellaBank.com decreased slightly from 46.30% as of December 31, 2012 to 36.32% as of December 31, 2013, resulting in a positive change of 21.56%.This indicates that the balance sheet and financial strength for UmbrellaBank.com has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, UmbrellaBank.com has decreased its total deposits by -$684.03 million, resulting in -33.77% 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 UmbrellaBank.com has shown is poor.

Capitalization

GRADE:
A+

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. UmbrellaBank.com has $2.56 billion in assets with $1.05 billion in equity, resulting in a capitalization level of 41.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32574
Year Established1988
Employees327
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.56 billion
Loans$1.89 billion
Deposits$1.34 billion
Equity Capital$991.29 million
Loan Loss Allowance$59.63 million
Unbacked Noncurrent Loans$343.37 million
Real Estate Owned$38.32 million
Historic Data - December 2012
Assets$3.30 billion
Equity Capital$922.68 million
Loan Loss Allowance$69.86 million
Unbacked Noncurrent Loans$343.37 million
Real Estate Owned$44.51 million
Profit Margin - Quarterly
Net Interest Margin6.59%
Return on Assets4.94%
Return on Equity14.94%
Interest Income$186.51 million
Rates
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UmbrellaBank.com Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-Statement Savings

UmbrellaBank.com Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Money Market

UmbrellaBank.com CD Rates

DetailsAPYMINMAXPRODUCT
0.66%$10k-12 Month CD
0.61%$10k-6 Month CD
0.61%$10k-9 Month CD
0.51%$10k-3 Month CD

UmbrellaBank.com IRA Rates

DetailsAPYMINMAXPRODUCT
0.76%$1k-2 Year IRA
0.76%$1k-3 Year IRA
0.76%$1k-4 Year IRA
0.76%$1k-5 Year IRA
0.66%$1k-1 Year IRA
Locations

UmbrellaBank.com is an Internet only bank and does not have branch locations. Its headquarters is located at 6000 Legacy Drive - Plano, TX 75024