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Overview / Commentary
800-352-8257
5224 W.Plano Pkwy.
Plano, TX 75093

Shareplus Bank is headquartered in Plano and is the 177th largest bank in the state of Texas. It is also the 2,081st largest bank in the nation. It was established in 2004 and as of March of 2014, it had grown to 71 employees at 4 locations. Shareplus Bank has a A health rating.

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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 Shareplus Bank had $2.88 million in non-current loans and owned real-estate with $33.52 million in equity and loan loss allowances on hand to cover it. This gives Shareplus Bank a Texas Ratio of 8.59% 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 Shareplus Bank decreased dramatically from 24.46% as of March 31, 2013 to 8.59% as of March 31, 2014, resulting in a positive change of 64.90%.This indicates that the balance sheet and financial strength for Shareplus Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Shareplus Bank has increased its total deposits by $20.67 million, resulting in 8.15% 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 Shareplus 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. Shareplus Bank has $315.31 million in assets with $33.52 million in equity, resulting in a capitalization level of 10.63%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57760
Year Established2004
Employees71
Primary RegulatorFED
Assets and Liabilities
Assets$315.31 million
Loans$227.72 million
Deposits$274.33 million
Equity Capital$31.33 million
Loan Loss Allowance$2.19 million
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$178,000
Historic Data - March 2013
Assets$295.04 million
Equity Capital$31.44 million
Loan Loss Allowance$2.49 million
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$1.79 million
Profit Margin - Quarterly
Net Interest Margin3.32%
Return on Assets0.22%
Return on Equity2.17%
Interest Income$2.81 million
Rates

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

Shareplus Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Savings Plus Account
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--CESA Savings

Shareplus Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$500k$1mBusiness Money Market
0.15%$100k-Money Market Plus
0.15%$50k$1mPlatinum Money Market

Shareplus Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Power Plus Checking

Shareplus Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
1.40%$1k-48 Month CD
1.25%$1k-24 Month CD
1.15%$1k-18 Month CD
1.10%$1k-36 Month CD
1.00%$5k-18 Month Encore CD
1.00%$1k-13 Month CD
0.95%$1k-30 Month CD
0.75%$1k-12 Month CD
0.75%$5k-14 Month Encore CD
0.75%$50k-12 Month Mini Jumbo CD
0.75%$95k-12 Month Jumbo CD
0.65%$5k-12 Month Encore CD
0.40%$1k-9 Month CD
0.30%$5k-8 Month Encore CD
0.30%$95k-6 Month Jumbo CD
0.25%$50k-6 Month Mini Jumbo CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Shareplus Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month IRA
1.40%$1k-48 Month IRA
1.00%$5k-18 Month Encore IRA
0.95%$1k-30 Month IRA
0.75%$1k-12 Month IRA
0.75%$50k-12 Month Mini Jumbo IRA
0.75%$95k-12 Month Jumbo IRA
0.40%$1k-9 Month IRA
0.30%$95k-6 Month Jumbo IRA
0.25%$50k-6 Month Mini Jumbo IRA
Locations


Shareplus Bank Locations
Colonel Sanders Lane Branch1900 Colonel Sanders LnLouisville, KY 40213
2501 Oak Lawn Avenue Branch2501 Oak Lawn Ave, Suite 100Dallas, TX 75219
Share Plus Federal Bank5224 W.plano Pkwy.Plano, TX 75093
Frito-Lay Headquarters Branch7701 Legacy DrPlano, TX 75024