Fidelity Bank
Plano, TX — Domestic Branch of a Domestic Bank
Acquired Mar 2011
Vitals
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Total Assets144.7M -10.3 %
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Total Deposits122.9M -13.3 %
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Total Net Loans107.3M -7.9 %
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Net Income313000.0000 -47.8 %
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Book Value21.2M 11.7 %
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Book Value x242.4M 11.7 %
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Book Value x363.6M 11.7 %
Balance Sheet Highlights
Financial Highlights | Fidelity Bank | All Insured Commercial Banks in Texas |
Balance Sheet $(000) | ||
Total Assets | 144,740 | 223,719 |
Total Net Loans | 107,266 | 125,297 |
Total Deposits | 122,924 | 191,601 |
Total Equity | 21,195 | 23,012 |
Profitability | ||
Net Income | 313 | 1,912 |
Return on Average Assets | .202 | .828 |
Return on Average Equity | 1.532 | 7.987 |
Net Interest Margin | 4.48 | 4.103 |
Efficiency Ratio | 77.929 | 72.798 |
Noninterest Income/Revenue | 1.293 | 13.91 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 87.262 | 62.186 |
Securities/Assets | .031 | .225 |
Total Equity/Total Assets | .146 | .103 |
Tangible Equity/Tangible Assets | .128 | .099 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 19,382 | 21,349 |
Tier 2 Capital | 1,344 | 1,611 |
Total Capital | 20,726 | 22,972 |
Total Risk Weighted Assets | 107,338 | 138,744 |
Leverage Ratio | 12.65 | 9.942 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 18.06 | 17.266 |
Total Capital Ratio | 19.31 | 18.391 |
Timeline for Fidelity Bank
Veritex Community Bank
Fidelity Bank was acquired by Veritex Community Bank 13 years
View Profile Mar 23 2011Fidelity Resources Company Of Delaware
Fidelity Resources Company Of Delaware became a new parent organization for Fidelity Bank.
View Profile Sep 30 2000Fidelity Bank
Fidelity Bank was established 24 years ago and is currently headquartered in Plano, TX.
Dec 15 1999Fidelity Resources Company
Fidelity Resources Company became a new parent organization for Fidelity Bank.
View Profile Dec 15 1999Mortgage Tech, Inc.
Mortgage Tech, Inc. became a new subsidiary organization for Fidelity Bank.
View Profile Dec 15 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Veritex Community Bank | Buyer | 1,268,701 | Acquisition | Discontinued | 3/23/2011 |
Relationships | Role | Relationship Start | Relationship End |
Fidelity Resources Company | Parent | 12/15/2008 | 3/22/2011 |
Fidelity Resources Company Of Delaware | Parent | 9/30/2000 | 12/14/2008 |
Fidelity Resources Company | Parent | 12/15/1999 | 9/29/2000 |
Mortgage Tech, Inc. | Subsidary | 12/15/1999 | 12/31/2004 |
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