Beal Bank

Beal Bank Locations
6000 Legacy Drive
Plano, TX 75024
877-TRY-BEAL (877-879-2325)
www.bealbank.com
Beal Bank has been successfully serving savings depositors since its founding in 1988. Headquartered in Dallas, Texas, the Bank now has 11 branches in major metropolitan areas across the nation, with more branches opening in 2009 and 2010.

At Beal Bank they specialize in offering deposit customers competitive rates on term deposit accounts through certificates of deposit (CDs), money market accounts, and other products, all insured by the FDIC up to $250,000 per depositor. They do not offer such retail services as checking accounts and consumer loans, and they work to keep costs low so they can provide the personalized service missing in many banks today.

Related Posts

Competitive Short-Term CD at Beal Bank in Some Cities - 12/5/2011

Beal Bank has some good deals on short-term CDs. However, the best rates are only in a few cities where it has branches. You can check what rates are available in your area by entering your zip code i ...

UmbrellaBank and Imperial Capital CD Holders Take a Beating - 12/30/2009

As I reported on December 18th, two banks that offered internet CDs failed: New South Federal Savings Bank (parent of UmbrellaBank) and Imperial Capital Bank. Beal Bank assumed the deposits of New South Federal and City National Bank assumed Imperial...



Report an Issue
See Rates for: Savings | Money Market | CD

Beal Bank Savings Account Rates

ApyMinMaxProduct
0.25%$500-Statement Savings Account

Beal Bank Money Market Rates

ApyMinMaxProduct
0.40%$25k-Money Market Account

Beal Bank CD Rates

ApyMinMaxProduct
1.01%†$1k-1 Year CD
0.71%†$1k-9 Month CD
0.61%†$1k-6 Month CD
0.51%†$1k-3 Month CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Beal Bank, SSB
FDIC Certificate #32574
BankRate ReportView
Year Established1988
Employees446
Primary RegulatorFDIC

Assets and Liabilities

Assets$3.56 billion
Loans$2.18 billion
Deposits$2.70 billion
Equity Capital$697.17 million
Loan Loss Allowance$66.17 million
Unbacked Noncurrent Loans$455.94 million
Real Estate Owned$81.62 million

Historic Data - September 2010

Assets$3.52 billion
Equity Capital$779.15 million
Loan Loss Allowance$21.28 million
Unbacked Noncurrent Loans$498.70 million
Real Estate Owned$77.03 million

Profit Margin - Quarterly

Net Interest Margin6.08%
Return on Assets1.18%
Return on Equity5.53%
Interest Income$160.19 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Beal Bank had $537.56 million in non-current loans and owned real-estate with $763.34 million in equity and loan loss allowances on hand to cover it. This gives Beal Bank a Texas Ratio of 70.42% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Beal Bank held steady from 71.93% as of September 30, 2010 to 70.42% as of September 30, 2011, resulting in a positive change of 2.09%.This indicates that the balance sheet and financial strength for Beal Bank has held steady in recent periods.
Deposit Growth4
In the past year, Beal Bank has increased its total deposits by $63.54 million, resulting in 2.41% 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 Beal Bank has shown is above average.
Capitalization5
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. Beal Bank has $3.56 billion in assets with $763.34 million in equity, resulting in a capitalization level of 21.45%, which is excellent.
Write Review

No reviews have been left for this bank yet. Be the first to review.


 
Featured Savings Account
Nationwide Savings Accounts