Overview / Commentary
Veritex Community Bank is headquartered in DALLAS and is the 12th 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 March of 2023, it had grown to 780 employees at 33 locations. Veritex Community Bank has a B+ 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 Regulation D is no longer in effect and Vertex allows unlimited check writing and the account pays money market interest rates.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
B+
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57665 |
| Year Established | 2004 |
| Employees | 780 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.33% |
| Return on Equity - YTD | 9.79% |
| Annual Interest Income | $169.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $12.60B$10.45B |
| Loans | Q1 2023vs Q1 2022 | $9.62B$7.63B |
| Deposits | Q1 2023vs Q1 2022 | $9.05B$7.92B |
| Equity Capital | Q1 2023vs Q1 2022 | $1.71B$1.64B |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $98.7MM$72.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $29.5MM$31.4MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$1.0MM |
