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806-792-1000
4811 50th Street
Lubbock, TX 79413

Lubbock National Bank is headquartered in Lubbock and is the 64th largest bank in the state of Texas. It is also the 801st largest bank in the nation. It was established in 1978 and as of March of 2014, it had grown to 157 employees at 12 locations. Lubbock National Bank has a A+ health rating.

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Reviews (1)

A Safe, Sound And Solid Choice

Been a customer since moving to Lubbock in the mid-90s. Service has always been top notch. I couldn't ask for a better financial partner. Their advice has always been rock solid and on point, even when I didn't agree initially. This a true community bank who has roots in this town and makes their decisions locally. When I call, I awlays talk to a real person (in Lubbock), not a call center in Houston or worse, a computer...



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Lubbock National Bank had $3.4 million in non-current loans and owned real-estate with $89.56 million in equity and loan loss allowances on hand to cover it. This gives Lubbock National Bank a Texas Ratio of 3.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Lubbock National Bank decreased dramatically from 19.80% as of March 31, 2013 to 3.80% as of March 31, 2014, resulting in a positive change of 80.82%.This indicates that the balance sheet and financial strength for Lubbock National Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Lubbock National Bank has increased its total deposits by $94.06 million, resulting in 14.26% 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 Lubbock National Bank has shown is excellent.

Capitalization

GRADE:
B+

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. Lubbock National Bank has $847.54 million in assets with $89.56 million in equity, resulting in a capitalization level of 10.57%, which is above average.

Institution Statistics

Overall
FDIC Certificate #22752
Year Established1978
Employees157
Primary RegulatorOCC
Assets and Liabilities
Assets$847.54 million
Loans$443.02 million
Deposits$753.83 million
Equity Capital$81.39 million
Loan Loss Allowance$8.17 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$1.51 million
Historic Data - March 2013
Assets$765.97 million
Equity Capital$78.53 million
Loan Loss Allowance$8.55 million
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$3.08 million
Profit Margin - Quarterly
Net Interest Margin3.63%
Return on Assets0.76%
Return on Equity7.9%
Interest Income$8.13 million
Rates
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Lubbock National Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.04%-$2keChecking
1.25%-$25kAward Checking - Qualifying
0.60%-$500kSenior Award Checking - Qualifying
0.45%--Senior Award Checking - Non Qualifying
0.10%--Award Checking - Non Qualifying
Locations

Lubbock National Bank has 11 locations. Click to view all Lubbock National Bank locations.