Green Bank (merged into Veritex Community Bank)
Green Bank reported total assets of $4.4 bn at Q4 2018, its last Call Report before it merged into Veritex Community Bank. The CET1 capital ratio at Green Bank was 12.26%, and the uninsured share of Green Bank was 34.03%. Source: FDIC Call Reports.
What sets Green Bank apart
Nothing in the latest data sets Green Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Green Bank?
The balance sheet of Green Bank at : assets $4.4 bn, deposits $3.5 bn, net loans $3.4 bn (loans equal to 95.60% of deposits). Securities make up 15.3% of total assets at Green Bank. Since , when Green Bank held $3.8 bn, its assets grew 14.6%. In the year to , deposits at Green Bank rose 3.7% while its total assets rose 3.5%. At , Green Bank employed 357 full-time equivalent staff across 23 offices, about $12.3 mn of assets per employee and $153.4 mn of deposits per office.
How much funding at Green Bank is uninsured?
At Green Bank, uninsured deposits (above the FDIC limit) made up 34.03% of domestic deposits at (+0.48 pp on a year earlier). In dollars, Green Bank estimated $1.2 bn of uninsured deposits.
Key facts, Q4 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.5 bn | $3.4 bn (Q4 2017) | |
| Net loans and leases | $3.4 bn | $3.2 bn (Q4 2017) | |
| Loan-to-deposit ratio | 95.60% | 93.02% (Q4 2017) | |
| Tier 1 leverage ratio | 10.83% | 10.11% (Q4 2017) | |
| Total risk-based capital ratio | 13.12% | 12.40% (Q4 2017) | |
| Net interest margin | 4.07% | 3.84% (Q4 2017) | |
| Return on assets (ROA) | 1.58% | 1.11% (Q4 2017) | |
| Efficiency ratio | 45.36% | 48.31% (Q4 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $169,000 | Turned from a loss into a gain | |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.6 mn | Widened by $5.6 mn | |
| Noncurrent loans to total loans | 1.72% | 1.70% (Q4 2017) | |
| Net charge-offs to average loans | 0.27% | 0.05% (Q4 2017) |
US rank of Green Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Green Bank: assets, deposits and loans
- Total assets $4.4bn
- Deposits $3.5bn
- Net loans $3.4bn
Capital and securities
The CET1 ratio of Green Bank stood at 12.26% in , +0.66 pp year on year. Low and high at Green Bank since : 9.52% () to 12.26% (). Equity capital of Green Bank at : $538.8 mn, or 12.3% of total assets. Green Bank also reported a total capital ratio of 13.12% for , and a tier 1 leverage ratio of 10.83%.
On held-to-maturity securities, Green Bank carried an unrealized gain of $169,000 at , equal to 0.0% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $928,000 in . The available-for-sale portfolio of Green Bank showed an unrealized loss of $15.6 mn at ; the loss widened by $5.6 mn over the year.
Green Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 11%
Green Bank: unrealized securities gains and losses
- Available for sale -$16mn
- Held to maturity $169,000
Profitability and loan quality
For the year to , Green Bank earned a return on equity of 13.45%; return on assets: 1.58%. Net interest margin at Green Bank: 4.07%, +0.24 pp in a year. Green Bank net income: $68.5 mn, up 50.8% year on year. The efficiency ratio of Green Bank was 45.36%: about 45 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 1.72% of total loans at Green Bank; net charge-offs: 0.27% of average loans. Gross loans and leases at Green Bank: $3.4 bn at , against $3.2 bn at .
Green Bank: profitability
- Return on equity 13%
- Net interest margin 4.1%
- Return on assets 1.6%
Peer group of Green Bank
The peer group of Green Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Green Bank (national bank) and 1 has its head office in Texas. Against them, Green Bank shows CET1 ratio 12.26% against a peer median of 12.36%, return on equity 13.45% against a peer median of 12.18% and uninsured deposit share 34.03% against a peer median of 29.15%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Centier Bank | State nonmember bank | IN | $4.4 bn | 11.05% | 14.38% | 31.80% | |
| Bangor Savings Bank | State-chartered stock savings bank | ME | $4.4 bn | 12.37% | 8.03% | 40.26% | |
| Northfield Bank | Federal savings bank | NY | $4.4 bn | 16.00% | 6.58% | 25.82% | |
| Green Bank | National bank | TX | $4.4 bn | 12.26% | 13.45% | 34.03% | |
| Amarillo National Bank | National bank | TX | $4.4 bn | 14.11% | 15.91% | 40.31% | |
| The Camden National Bank | National bank | ME | $4.3 bn | 12.36% | 12.49% | 23.21% | |
| Five Star Bank | State member bank | NY | $4.3 bn | 11.09% | 11.86% | 26.50% | |
. FDIC Call Reports.
Last eight quarters
Two years at Green Bank, to : assets $4.0 bn to $4.4 bn, deposits $3.4 bn to $3.5 bn, equity $434.6 mn to $538.8 mn. Staff 364 to 357; offices 24 to 23.
| Metric | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.0 bn | $4.2 bn | $4.1 bn | $4.2 bn | $4.2 bn | $4.4 bn | $4.4 bn | $4.4 bn |
| Total deposits | $3.4 bn | $3.4 bn | $3.4 bn | $3.4 bn | $3.5 bn | $3.4 bn | $3.4 bn | $3.5 bn |
| Bank equity capital | $434.6 mn | $463.1 mn | $486.4 mn | $489.3 mn | $495.3 mn | $504.6 mn | $518.5 mn | $538.8 mn |
| CET1 ratio | 10.42% | 10.93% | 11.77% | 11.60% | 11.97% | 11.97% | 11.96% | 12.26% |
| Return on equity (ROE) | 11.65% | 12.56% | 11.91% | 9.89% | 10.09% | 12.34% | 13.45% | 13.45% |
| Uninsured share of domestic deposits | 36.09% | 35.67% | 34.05% | 33.55% | 32.41% | 33.32% | 34.11% | 34.03% |
| Full-time equivalent employees | 364 | 366 | 362 | 368 | 367 | 372 | 365 | 357 |
| Number of offices | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 23 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Green Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Patriot Bank (FDIC certificate 3258).
- . Merged into Veritex Community Bank (FDIC certificate 57665).
Questions and identifiers
What were the total assets of Green Bank?
Green Bank reported $4.4 bn at in its Call Report.
Is Green Bank the same as its holding company?
No. This page covers Green Bank, FDIC certificate 35007; GREEN BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Green Bank profitable?
Green Bank reported net income of $68.5 mn for the year to ; annualized return on equity: 13.45%. So yes: Green Bank made a profit over these months.
When is data for Green Bank next updated?
Green Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Green Bank?
In the FDIC BankFind Suite record for certificate 35007, and in the Call Reports of Green Bank (RSSD ID 2719427) at the FFIEC Central Data Repository.