Sovereign Bank

Headquarters

17950 Preston Road - Suite 100
Dallas, TX 75252
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Sovereign Bank is an FDIC insured institution located in Dallas, TX. It was founded in 2004 and has approximately $1.03 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57787
Date Established 2004
Assets $ 1,027.43 million
Loans $ 779.01 million
Deposits $ 813.91 million
Capital $ 130.02 million
 

For a more detailed analysis of Sovereign Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 24, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 24, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Sovereign Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MBMB.850089.000
6.750% 6.625%
1.00 points
$4,141 fees
$2,049 Learn More
Sebonic
NMLS ID: 66247
6.804% 6.750%
0.50 points
$1,770 fees
$2,076 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.977% 6.875%
0.88 points
$3,334 fees
$2,103 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to Sovereign Bank
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Branches

Sovereign Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Sovereign Bank Locations around zip code 43085


BranchDistance Map View Lobby Hours


Climate Policy and Initiatives

Sovereign Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Sovereign Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sovereign Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Sovereign Bank U.S. Bank Average
6.97% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Sovereign Bank had $9,536,000 in non-current loans and $282,000 in owned real estate. To cover these potential losses it had $130,024,000 in equity and $10,890,000 in loans loss reserves. That gives it a Texas Ratio of 6.97%.

Return on Equity
Sovereign Bank U.S. Bank Average
6.59% 10.46%

Sovereign Bank has a Return on Equity of 6.59% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Sovereign Bank U.S. Bank Average
12.66% 10.84%

Sovereign Bank has a Capitalization of 12.66% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Sovereign Bank Balance Sheet Analysis

As of June 30, 2017, Sovereign Bank had assets of $1,026,514,000, loans of $779,013,000, and deposits of $813,907,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 779.01 million
Loan loss allowance $ 10.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.28 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 813.91 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,027.43 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Sovereign Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Texas, Sovereign Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 2.22
Multifamily
Mortgages
3.53
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 2.59
Construction and Development Loans 17.69
Commercial Real Estate 48.12
Commercial and Industrial Loans 29.47
Farm Loans 0.00

Customer Reviews for Sovereign Bank

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