Veritex holdings, inc. (VBTX)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Dec'13
ASSETS
Cash and due from banks

70

65

72

59

52

19

31

30

26

-

21

28

23

15

15

12

12

10

10

11

9

9

8

Interest bearing deposits in other banks

360

186

180

206

286

64

230

116

168

-

129

144

262

219

162

114

79

60

113

51

76

84

68

Total cash and cash equivalents

430

251

252

265

339

84

261

146

195

149

151

173

285

234

178

127

92

71

123

63

85

93

76

Other investments

-

-

20

20

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt securities available-for-sale, at fair value

1,084

964

990

987

924

262

256

252

243

228

204

134

138

102

86

83

79

75

61

59

53

45

45

Debt securities held-to-maturity (fair value of $35,513 and $34,810, at March 31, 2020 and December 31, 2019, respectively)

32

32

33

33

26

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities

18

14

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Reserve Bank stock

-

-

33

36

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of Dallas Stock and Federal Reserve Bank Stock

92

68

34

22

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in trusts

1

1

1

1

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank Stock and Federal Reserve Bank Stock

-

-

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

1,230

1,081

1,113

1,101

1,026

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

15

14

10

7

8

1

1

0

0

0

2

4

1

5

4

4

3

2

1

2

2

8

2

Loans held for investment, mortgage warehouse

371

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for investment

5,853

5,737

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Allowance for credit losses

100

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total loans held for investment

6,123

5,891

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for investment, mortgage warehouse

-

-

-

-

114

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for investment

-

-

-

-

5,663

2,555

-

-

-

2,233

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for investment, mortgage warehouse

-

-

-

-

5,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for loan losses

-

-

26

24

21

19

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

Total loans held for investment, net

-

-

5,861

5,907

-

2,536

2,426

2,404

2,302

2,220

1,896

1,112

1,012

983

918

920

877

813

747

638

609

597

490

Accrued interest receivable

-

-

-

-

-

-

8

8

7

7

6

3

2

2

2

2

2

2

2

1

1

1

1

Bank-owned life insurance

81

80

80

79

79

22

21

21

21

21

20

20

20

20

19

19

19

19

19

18

17

17

10

Bank premises, furniture and equipment, net

116

118

118

115

119

78

77

76

76

75

40

17

17

17

17

17

17

17

17

12

11

11

9

Non Marketable Equity Securities

-

-

-

-

-

-

27

27

20

13

10

7

7

7

7

7

5

4

4

3

3

4

2

Investment in unconsolidated subsidiary

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Other real estate owned

7

5

4

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

Intangible assets, net of accumulated amortization of $22,946 and $19,997, at March 31, 2020 and December 31, 2019, respectively)

69

72

75

78

81

15

16

17

18

20

10

2

2

2

2

2

2

2

2

1

1

1

1

Goodwill

370

370

370

370

368

161

161

161

161

159

135

26

26

26

26

26

26

26

26

19

19

19

19

Other assets

85

67

75

82

69

28

16

15

13

14

14

5

5

5

3

3

2

2

3

7

2

2

3

Branch assets held for sale

-

-

-

-

83

-

0

1

1

33

-

-

-

0

-

-

-

-

-

-

-

-

-

Total assets

8,531

7,954

7,962

8,010

7,931

3,208

3,275

3,133

3,063

2,945

2,494

1,508

1,522

1,408

1,269

1,215

1,130

1,039

1,009

827

808

802

664

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest-bearing deposits

1,549

1,556

1,473

1,476

1,439

626

661

611

597

612

495

337

338

327

304

354

296

301

299

240

241

251

218

Interest-bearing transaction and savings deposits

2,536

2,654

2,528

2,646

2,617

1,313

1,994

1,879

1,896

1,200

1,490

874

883

792

772

673

649

567

542

432

426

387

354

Certificates and other time deposits

1,713

1,682

1,876

2,042

2,240

682

-

-

-

465

-

-

-

-

-

-

-

-

-

-

-

-

-

Total deposits

5,799

5,894

5,877

6,165

6,297

2,622

2,656

2,490

2,493

2,278

1,985

1,211

1,221

1,119

1,077

1,027

946

868

842

673

668

638

573

Accounts payable and other liabilities

56

37

45

44

41

5

6

4

3

5

4

2

1

2

2

1

2

1

1

1

1

1

1

Accrued interest payable

5

6

6

7

8

5

5

5

3

5

4

1

9

0

1

0

0

0

1

0

1

0

0

Advances from Federal Home Loan Bank

1,377

677

752

512

252

28

73

108

48

71

38

38

38

38

38

38

38

28

18

27

15

40

15

Subordinated debentures and subordinated notes

140

145

72

72

72

16

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

Junior subordinated debentures

-

-

-

-

-

-

11

11

11

-

11

3

3

3

3

3

3

3

3

3

3

3

3

Subordinated notes

-

-

-

-

-

-

4

4

4

-

4

4

4

4

4

4

4

4

4

4

4

4

4

Securities sold under agreements to repurchase

2

2

2

2

2

0

0

0

0

15

-

-

-

0

-

-

-

-

-

-

-

-

-

Branch liabilities held for sale

-

-

-

-

62

-

0

0

0

64

-

-

-

0

-

-

-

-

-

-

-

-

-

Total liabilities

7,382

6,764

6,757

6,804

6,738

2,677

2,758

2,625

2,565

2,456

2,048

1,260

1,279

1,169

1,126

1,076

995

907

872

710

693

688

598

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized at December 31, 2018 and December 31, 2017, no shares issued and outstanding

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

0

0

8

8

8

8

8

Common stock, $0.01 par value; 75,000,000 shares authorized; 55,372,286 and 54,876,580 shares issued at March 31, 2020 and December 31, 2019, respectively; 49,557,364 and 51,063,869 shares outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

1,119

1,117

1,114

1,112

1,109

449

448

447

445

445

404

211

211

211

116

116

115

115

115

97

97

97

55

Retained earnings

127

147

125

104

84

83

74

65

55

44

41

36

32

29

26

22

19

16

14

11

9

8

2

Unallocated Employee Stock Ownership Plan shares; 9,771 shares at December 31, 2017

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

Accumulated other comprehensive income

45

19

23

17

7

-2

-5

-4

-3

-1

-0

-0

-1

-1

0

0

0

-0

0

0

0

0

0

Treasury stock, 5,814,922 and 3,812,711 shares at cost at March 31, 2020 and December 31, 2019, respectively

144

94

58

29

7

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total stockholders’ equity

1,149

1,190

1,205

1,205

1,193

530

517

508

497

488

445

247

242

239

142

138

135

132

137

117

115

113

66

Total liabilities and stockholders’ equity

8,531

7,954

7,962

8,010

7,931

3,208

3,275

3,133

3,063

2,945

2,494

1,508

1,522

1,408

1,269

1,215

1,130

1,039

1,009

827

808

802

664

Investments

1,230

1,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage warehouse
Loans held for investment, mortgage warehouse

-

-

233

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate, Commercial and Consumer Portfolio Segments
Loans held for investment, mortgage warehouse

-

-

5,654

5,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-