Institution Statistics
| Verity Bank | | FDIC Certificate # | 58711 | | BankRate Report | View | | Year Established | 2008 | | Employees | 26 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $157.80 million | | Loans | $105.85 million | | Deposits | $138.24 million | | Equity Capital | $16.10 million | | Loan Loss Allowance | $1.49 million |
Historic Data - March 2011 | | Assets | $127.21 million | | Equity Capital | $15.01 million | | Loan Loss Allowance | $951,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.38% | | Return on Assets | 1.48% | | Return on Equity | 14.87% | | Interest Income | $1.61 million |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | 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 Verity Bank had $0 in non-current loans and owned real-estate with $17.58 million in equity and loan loss allowances on hand to cover it. This gives Verity Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Verity Bank has increased its total deposits by $26.38 million, resulting in 23.59% 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 Verity Bank has shown is excellent. | | Capitalization |  | | 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. Verity Bank has $157.8 million in assets with $17.58 million in equity, resulting in a capitalization level of 11.14%, which is above average. |
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