First National Bank Texas is headquartered in Killeen and is the 47th largest bank in the state of Texas. It is also the 574th largest bank in the nation. It was established in 1901 and as of September of 2013, it had grown to 2,867 employees at 304 locations. First National Bank Texas has a B+ health rating.
On Monday November 19th 2012 I deposited a check into my account at First Convenience Bank, a division of First National Bank Texas. I called First Convenience Bank and spoke with a customer service supervisor by the name of Else who told me that the funds where placed are hold by the loss prevention department for reasons she was not allowed to share with me, the account holder. I was also told to call Else back before 4pm on that day(Nov. 23rd 2012) to check for any new information. I called First Convenience Bank at 340pm on that same day, Friday (Nov. 23rd 2012). I was told Else was unavailable and was transferred to another customer service supervisor who's name I do not have recorded. I was told that the issue with the check was due to the loss prevention department not being able to contact the issuing company for verification. I asked why the loss prevention office could make a telephone call to company and ask them for whatever information was needed for the verification of the account and was told that she (the customer service supervisor) was unable to answer that question as the everyone was gone for the weekend.
I called First Convenience Bank at 830am on Monday (Nov. 26 2012) and spoke with a customer service supervisor by the name of Misty. I ask Misty to contact the loss prevention department and to ask that they contact the company who check for verification of the account, after be placed on hold Misty returned and then stated that they had spoke with "someone" at the issuing company and was told that person could not verify the account on which the check was drawn and that First Convenience Bank would continue to refuse access to these funds. I contacted the manager of the Accounts Payable department at the company who issued the check and was told that no one from First Convenience Bank had contacted his department. The Accounts Payable manager also verified that the funds for the check where release from the companies account on Friday (Nov. 23rd 2012). It has now been ten business days I have still have no access to these funds and no attempt has been made to contact me by First Convenience Bank. I now must hire a lawyer to get back the money this bank has taken from me, the “valued customer”.
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, 2013 First National Bank Texas had $5.26 million in non-current loans and owned real-estate with $91.23 million in equity and loan loss allowances on hand to cover it. This gives First National Bank Texas a Texas Ratio of 5.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First National Bank Texas increased slightly from 0.28% as of September 30, 2012 to 5.76% as of September 30, 2013, resulting in a negative change of 1,968.66%. This indicates that the balance sheet and financial strength for First National Bank Texas has declined slightly in recent periods.
In the past year, First National Bank Texas has increased its total deposits by $79.48 million, resulting in 8.57% 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 First National Bank Texas 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. First National Bank Texas has $1.14 billion in assets with $91.23 million in equity, resulting in a capitalization level of 8.03%, which is average.
|FDIC Certificate #||3285|
|Assets and Liabilities|
|Equity Capital||$86.82 million|
|Loan Loss Allowance||$4.41 million|
|Unbacked Noncurrent Loans||$5.26 million|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$96.13 million|
|Loan Loss Allowance||$3.69 million|
|Unbacked Noncurrent Loans||$5.26 million|
|Real Estate Owned||$85,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.28%|
|Return on Assets||1.2%|
|Return on Equity||15.04%|
|Interest Income||$23.94 million|
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|0.10%||-||-||Bonus Savings Account|
|0.15%||$50k||-||Money Market Account|
|0.10%||$10k||-||High Yield Checking|
|0.05%||-||-||Checking with Interest|
|1.00%||$500||-||5 Year Fixed Rate Bonus CD|
|0.90%||$500||-||5 Year Fixed Rate CD|
|0.45%||$500||-||2 Year Fixed Rate Bonus CD|
|0.40%||$500||-||2 Year Fixed Rate CD|
|0.30%||$500||-||1 Year Fixed Rate Bonus CD|
|0.25%||$500||-||1 Year Fixed Rate CD|
|0.20%||$500||-||6 Month Fixed Rate Bonus CD|
|0.20%||$500||-||12 Month Variable Rate Bonus CD|
|0.15%||$500||-||3 Month Fixed Rate Bonus CD|
|0.15%||$5k||-||9 Month Fixed Rate Bonus CD|
|0.15%||$500||-||6 Month Fixed Rate CD|
|0.15%||$5k||-||9 Month Fixed Rate CD|
|0.15%||$500||-||12 Month Variable Rate CD|
|0.10%||$500||-||3 Month Fixed Rate CD|
|1.00%||$500||-||5 Year Fixed Rate Bonus IRA|
|0.90%||$500||-||5 Year Fixed Rate IRA|
|0.45%||$500||-||2 Year Fixed Rate Bonus IRA|
|0.40%||$500||-||2 Year Fixed Rate IRA|
|0.30%||$500||-||1 Year Fixed Rate Bonus IRA|
|0.25%||$500||-||1 Year Fixed Rate IRA|