Vision Bank - Texas is headquartered in Richardson and is the 277th largest bank in the state of Texas. It is also the 3,466th largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 23 employees at 1 location. Vision Bank - Texas' money market rates are 70% higher than the national average, and it has a A health rating.
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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 September 30, 2013 Vision Bank - Texas had $1.54 million in non-current loans and owned real-estate with $17.2 million in equity and loan loss allowances on hand to cover it. This gives Vision Bank - Texas a Texas Ratio of 8.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Vision Bank - Texas held steady from 9.54% as of September 30, 2012 to 8.97% as of September 30, 2013, resulting in a positive change of 5.99%.This indicates that the balance sheet and financial strength for Vision Bank - Texas has held steady in recent periods.
In the past year, Vision Bank - Texas has increased its total deposits by $15.46 million, resulting in 11.34% 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 - Texas has shown is excellent.
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 - Texas has $167.83 million in assets with $17.2 million in equity, resulting in a capitalization level of 10.25%, which is above average.
|FDIC Certificate #||58447|
|Assets and Liabilities|
|Equity Capital||$15.85 million|
|Loan Loss Allowance||$1.35 million|
|Real Estate Owned||$1.54 million|
|Historic Data - September 2012|
|Equity Capital||$14.57 million|
|Loan Loss Allowance||$1.26 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.13%|
|Return on Assets||0.59%|
|Return on Equity||6.78%|
|Interest Income||$4.62 million|
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|0.75%||$100k||-||Money Market Account|
|2.10%||-||$25k||Vision Rewards Checking|
|0.95%||-||-||Vision Non-Profit Business Checking|
|0.95%||-||-||IOLTA Interest Business Checking|
|0.86%||-||-||Personal Interest Checking|
|0.05%||-||-||Vision Rewards Checking|
|1.25%||$100k||$250k||3 Year CD|
|1.10%||$100k||$250k||2 Year CD|
|0.90%||$100k||$250k||1 Year CD|
|0.70%||-||-||Over 1 Year CD|
|0.35%||-||-||120 Day CD|
|0.35%||-||-||180 Day CD|
|0.15%||-||-||30 Day CD|
|0.15%||-||-||90 Day CD|
|Vision Bank - Texas Locations|
|Vision Bank - Texas||401 W. George Bush Freeway, Suite 101||Richardson, TX 75080|