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ViewPoint Bank, National Association

Based on 40 reviews
Overview / Commentary
972-578-5000
1309 W. 15th Street, #400
Plano, TX 75075

Note: Many readers have reported being rejected in the application for the Absolute Checking account.

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WORST BANK EVER

WORST BANK EVER...They rejected my application for a checking account! I'm shocked...I  have net worth of a million dollars and a high 800 credit score. No loans except a mortgage which is current. One credit card for 30 years with a high credit limit...also current...I've NEVER been late on any payments. Apparently I had too many inquiries? Well FDIC only insures up to 250K...DUH! They are turning away good customers...How STUPID! Don't know what kind of customers qualify...Maybe DEADBEATS? Don't waste your time applying at this bank

I Had The Same Problem As Others And Was Rejected Because Of The Report From Checksystems (Too Many

I had the same problem as others and was rejected because of the report from Checksystems (too many inquiries).  I sent an e-mail to the President of the Bank and followed up with a call.  I received a call from a woman in the President's office and she was able to get everything resolved.  It was definately not easy to open an account.  I have been a customer for two months and so far everything is going fine. 

I Opened An Account With Viewpoint Online And Via The Mailthis Month And Did Not Have Any Problems

I opened an account with viewpoint online and via the mail this month and did not have any problems...it was completely painlessly.  I forgot to answer one of the questions and a representive called me to get the information over the phone so that she could complete the account activation right then and not send the paperwork bank to me in the mail to update.  I received my debit card and free checks in less than a week.  I don't have any credit card debt and I have multiple checking and savings accounts. 

Approved For Loan, Only To Be Later Denied

I will never use this bank again and highly recommend no one else ever use them. We were conditionally approved for a home improvement loan based on the information we provided to the loan officer. All information was given truthfully and honestly. After further review, the bank stated that we had more debt to income ratio than what we told them because we don't escrow our taxes and insurance. So someone who saved and paid 20% down on a $300,000+ home, can't borrow money for a home improvement loan because that was extra debt. Even though I told the loan officer that to begin with. Doesn't that show that we can pay a payment for a loan since we saved up $60,000? I guess not. This bank will never have my business. They are at fault on this one for sure! And I lost $1,000 and countless number of hours because of them lying and stating we were approved. Don't use View Point Bank!

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 ViewPoint Bank, National Association had $22.18 million in non-current loans and owned real-estate with $466.92 million in equity and loan loss allowances on hand to cover it. This gives ViewPoint Bank, National Association a Texas Ratio of 4.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for ViewPoint Bank, National Association decreased slightly from 6.17% as of March 31, 2013 to 4.75% as of March 31, 2014, resulting in a positive change of 22.96%.This indicates that the balance sheet and financial strength for ViewPoint Bank, National Association has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, ViewPoint Bank, National Association has increased its total deposits by $162.47 million, resulting in 7.11% 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 ViewPoint Bank, National Association has shown is excellent.

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. ViewPoint Bank, National Association has $3.6 billion in assets with $466.92 million in equity, resulting in a capitalization level of 12.96%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58006
Year Established2006
Employees549
Primary RegulatorOCC
Assets and Liabilities
Assets$3.60 billion
Loans$2.78 billion
Deposits$2.45 billion
Equity Capital$447.52 million
Loan Loss Allowance$19.40 million
Unbacked Noncurrent Loans$21.80 million
Real Estate Owned$385,000
Historic Data - March 2013
Assets$3.37 billion
Equity Capital$429.35 million
Loan Loss Allowance$18.64 million
Unbacked Noncurrent Loans$21.80 million
Real Estate Owned$1.51 million
Profit Margin - Quarterly
Net Interest Margin3.63%
Return on Assets0.9%
Return on Equity7.21%
Interest Income$34.58 million
Rates

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ViewPoint Bank, National Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$5m$25mUltimate Savings
0.30%$100k-Platinum Premier Savings
0.20%$250k-Pinnacle Fund
0.05%$250-Regular Savings
0.05%$100-Kid's Club Savings
0.05%$25-Coverdell Education Savings
0.05%$1k-IRA Ultimate Savings
0.05%$250-IRA Savings
0.05%$250-Business Savings
0.05%$250-SEP IRA Savings
0.05%$1k-SEP IRA Ultimate Savings
0.05%$250-Roth IRA Savings
0.05%$1k-Roth IRA Ultimate Savings

ViewPoint Bank, National Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$5m$25mBusiness Money Market Account (More Moolah)
0.15%$50k-Money Market Checking
0.15%$10k-Money Market Savings

ViewPoint Bank, National Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$25kAbsolute Checking - Qualifying
0.01%--Absolute Checking - Non Qualifying

ViewPoint Bank, National Association CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$1k-60 Month Regular CD
0.55%$1k-48 Month Regular CD
0.45%$1k-36 Month Regular CD
0.35%$1k-24 Month Regular CD
0.30%$1k-18 Month Regular CD
0.25%$1k-12 Month Regular CD
0.15%$1k-6 Month Regular CD
0.10%$100-12 Month Regular Start-Up CD
0.05%$1k-3 Month Regular CD

ViewPoint Bank, National Association IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$1k-60 Month IRA
0.55%$1k-48 Month IRA
0.45%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA
0.10%$100-12 Month IRA Start-Up
0.10%$100-12 Month Coverdell Educational Savings CD
0.05%$1k-3 Month IRA
Locations

ViewPoint Bank, National Association has 32 locations. Click to view all ViewPoint Bank, National Association locations.