Banks - Dallas and Kansas

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Banks - Dallas and Kansas

The two active banks are Texas Security Bank located in Dallas & Community First Bank located in Kansas. Texas Security Bank has a total of $476,012,000 in assets and total deposits of $413,625,000 while Community First Bank has a total of $190,450,000 in assets and total deposits of $150,418,000. The spreadsheet can be found here.

Methodology

We started the search by looking into the information of the provided bank namely, Evolve Bank and Trust. After a thorough examination of the bank, we have identified that the bank has assets of $473,202,000. From this information, we assumed that banks that are identified as AUMs under $500,000 should also have assets under $500 million. We then did a thorough examination in the FDIC which resulted in us finding two banks, namely, the Texas Security Bank and the Community First Bank. The FDIC website was also able to provide the total asset, total deposits, the annual ROA pre-tax, and the yearly ROA post-tax of both banks. The information for credit risk has been expressed in terms of the loan loss allowance.

Additionally, the headquarters of both banks are located in Dallas City and Kansas City, respectively. The information that we cannot find is the non-interest income from fees from credit cards for both Texas Security Bank and Community First Bank. To look for this information, we made sure to do a thorough search in the Federal Deposit Insurance Corporation. After careful examination, we were able to find all the necessary information, except for the non-interest income from fees from credit cards.

We then decided to expand our search to iBanknet since the website provides financial information from different banks in various states. Unfortunately, the data we found in iBanknet was similar to the information we found in FDIC, and once again, no information could be found for the non-interest income from fees from credit cards. We decided to look into each of the bank’s annual reports, hoping to find information about the topic. Although both banks have their annual reports, none of them provided any data for the non-interest income from fees from credit cards.

We looked into trusted media sources, local news reports, and others for any information about the non-interest income from fees from credit cards of the two banks. We looked into Dallas News, WFAA, the website of Kansas City, KMBC, and others. Unfortunately, we were not able to find any useful information about the topic. We were only able to find the revenue of the banks, updates, and recent changes within the banks.

Summary

Texas Security Bank

Headquarters: 1212 Turtle Creek Boulevard. Dallas, TX 75207, Dallas County
Total Assets: $476,012,000
Total Deposits: $413,625,000
Annual ROA Pre-Tax: 1.22%
Annual ROA Post-Tax: 0.99%
Credit Risk: $3,937,000

Community First Bank

Headquarters: 650 Kansas Avenue, Kansas City, KS 66105 Wyandotte County
Total Assets: $190,450,000
Total Deposits: $150,418,000
Annual ROA Pre-Tax: 2.26%
Annual ROA Post-Tax: 1.72%
Credit Risk:$2,028,000

Sources
Sources