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412 East Goode Street
Quitman, TX 75783

BankTexas is headquartered in Quitman and is the 112st largest bank in the state of Texas. It is also the 1,402nd largest bank in the nation. It was established in 1914 and as of March of 2014, it had grown to 95 employees at 8 locations. BankTexas' money market rates are 70% higher than the national average, and it boasts a A+ health rating.

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Reviews (2)

11% Rate On Money Market

Per the bank NO 11% rate is available

Banktexas Decreases Maximum Balance To Obtain Rare

Recently BankTexas notified account holders that the high yield rate of 3.25% would apply only to the first $10,000 of deposits in their MyCash account.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 BankTexas had $4.46 million in non-current loans and owned real-estate with $67.96 million in equity and loan loss allowances on hand to cover it. This gives BankTexas a Texas Ratio of 6.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BankTexas experienced no significant changes from 1.82% as of March 31, 2013 to 6.57% as of March 31, 2014, resulting in a negative change of 261.22%. This indicates that the balance sheet and financial strength for BankTexas has had no significant changes in recent periods.

Deposit Growth


In the past year, BankTexas has increased its total deposits by $193.91 million, resulting in 89.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BankTexas has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BankTexas has $479.72 million in assets with $67.96 million in equity, resulting in a capitalization level of 14.17%, which is excellent.

Institution Statistics

FDIC Certificate #3402
Year Established1914
Primary RegulatorOCC
Assets and Liabilities
Assets$479.72 million
Loans$321.74 million
Deposits$411.03 million
Equity Capital$64.67 million
Loan Loss Allowance$3.28 million
Unbacked Noncurrent Loans$4.13 million
Real Estate Owned$339,000
Historic Data - March 2013
Assets$254.38 million
Equity Capital$33.73 million
Loan Loss Allowance$1.78 million
Unbacked Noncurrent Loans$4.13 million
Real Estate Owned$514,000
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.06%
Return on Equity0.42%
Interest Income$3.91 million

Always verify rates and promotions with the bank or credit union. We are not BankTexas, we are a rate comparison website and can not provide official rates or promotions.

BankTexas Savings Account Rates

0.40%$100-Variable IRA
0.03%$300-Savings Account
0.03%$100-Youth Savings Account
0.01%--Health Savings (IRA)

BankTexas Money Market Rates

0.75%$500k-Money Market Plus Account
0.75%$500k-Worry-Free Money Market
0.03%$2,500- Money Market Account

BankTexas Checking Account Rates

2.25%-$7kKasasa Cash Checking - Qualifying
0.03%$50k-Advantage Checking
0.03%$50k-Business NOW
0.01%--Kasasa Cash Checking - Non Qualifying

BankTexas CD Rates

1.51%$1k-5 Year CD
1.36%$1k-4 Year CD
1.26%$1k-3 Year CD
1.21%$10k-60 Month Variable Rate CD
1.15%$1k-2 Year CD
1.00%$10k-30 Month Variable Rate CD
1.00%$10k-13 Month Choose Your Term CD
1.00%$10k-15 Month Choose Your Term CD
1.00%$10k-17 Month Choose Your Term CD
0.60%$1k-1 Year CD

BankTexas Locations
Longview Branch1402 Mccann RdLongview, TX 75601
Mineola Branch1825 North Pacific StreetMineola, TX 75773
Tyler Branch1828 Ese Loop 323, Suite R 1aTyler, TX 75701
Winnsboro Branch210 South Main StreetWinnsboro, TX 75494
Holly Lake Ranch2365 South Fm 2869Hawkins, TX 75765
Lindale Bank Store Branch3222 South Main, Building ALindale, TX 75771
Bank Texas, National Association412 East Goode StreetQuitman, TX 75783
Kilgore Office Branch4405 Highway42 NorthKilgore, TX 75662