Institution Statistics
| Vision Bank, National Association | | FDIC Certificate # | 4029 | | BankRate Report | View | | Year Established | 1924 | | Employees | 234 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $647.33 million | | Loans | $367.57 million | | Deposits | $495.72 million | | Equity Capital | $57.41 million | | Loan Loss Allowance | $3.70 million | | Unbacked Noncurrent Loans | $4.23 million | | Real Estate Owned | $1.79 million |
Historic Data - March 2012 | | Assets | $538.44 million | | Equity Capital | $52.19 million | | Loan Loss Allowance | $4.30 million | | Unbacked Noncurrent Loans | $5.14 million | | Real Estate Owned | $1.71 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.91% | | Return on Assets | 0.93% | | Return on Equity | 10.56% | | Interest Income | $6.46 million |
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Institution Health
Overall Score:
4 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, 2013 Vision Bank N.A. had $6.02 million in non-current loans and owned real-estate with $61.1 million in equity and loan loss allowances on hand to cover it. This gives Vision Bank N.A. a Texas Ratio of 9.85% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Vision Bank N.A. decreased slightly from 12.58% as of March 31, 2012 to 9.85% as of March 31, 2013, resulting in a positive change of 21.67%.This indicates that the balance sheet and financial strength for Vision Bank N.A. has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Vision Bank N.A. has increased its total deposits by $101.25 million, resulting in 25.67% 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 Vision Bank N.A. 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. Vision Bank N.A. has $647.33 million in assets with $61.1 million in equity, resulting in a capitalization level of 9.44%, which is average. |
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Average User Rating:
Another Step In The Wrong Direction
On November 5, 2012, we received an email notice from Vision Bank. It is provided below. Not only do we now have to charge a total of $250 per month, (use to be just 10 POS transactions), but their interest rate has dropped to 1%. Vision bank management has been making small changes to the interest rate for years (started out at 4%), and as a result, total deposits have dropped significantly over the last year. This illustrates how such managerial decisions have just the opposite effect than what is desired. Unfortuneately, management is taking another step in the wrong direction. Their latest decision will result in even lower overall deposits and stagnate growth -- if not decline and downsizing in the future.
IMPORTANT NOTICE ON
CHANGES TO YOUR VIVA CHECKING ACCOUNT
EFFECTIVE December 1, 2012
Your VIVA checking account is one of the best accounts to be found anywhere and we plan to keep it that way, however, given the historical low interest rate environment, coupled with the large additional expenses we will incur to comply with the new Dodd-Frank Banking bill, we must make some changes to this account. The changes outlined below will be effective December 1, 2012.
Presently, in order to earn the premium interest rate on your account, you must make at least 10 Point of Sale (POS) transactions on the account by the end of each month. This is being changed to a total of $250 in POS transactions per month. You will no longer be required to make the 10 POS transactions per month as long as the total of all of your POS transactions completed each month total at least $250.
As long as you meet the POS requirements, we have been refunding fees incurred for 5 transactions when using non Vision Bank ATMs. Effective December 1, 2012, we are placing a cap on the ATM fees refunded at $15 per month.
Finally, the interest rate paid on this account will be lowered from 2% to 1% APY.