Overview / Commentary
Veritex Community Bank is headquartered in DALLAS and is the 11th largest bank in the state of Texas. It is also the 137th largest bank in the nation. It was established in 2004 and as of June of 2024, it had grown to 850 employees at 32 locations. Veritex Community Bank's CD rates are 5X the national average, and it boasts an A+ health rating.
Reviews (1)
Good Market Market Checking Account
Posted by: vladimir | Aug 29, 2023
Veritex offers a money market checking now paying over 5% with unlimited checking writing. Regulation D is no longer in effect and Vertex allows unlimited check writing and the account pays money market interest rates.
Health
A+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57665 |
| Year Established | 2004 |
| Employees | 850 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 6.64% |
| Annual Interest Income | $375.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $12.65B$12.46B |
| Loans | Q2 2024vs Q2 2023 | $9.72B$9.62B |
| Deposits | Q2 2024vs Q2 2023 | $10.77B$9.25B |
| Equity Capital | Q2 2024vs Q2 2023 | $1.7B$1.7B |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $113.4MM$102.2MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $37.6MM$55MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $24.3MM$0 |
