Texas Bank (TX) is headquartered in Henderson and is the 166th largest bank in the state of Texas. It is also the 1,965th largest bank in the nation. It was established in 1973 and as of December of 2013, it had grown to 121 employees at 6 locations. Texas Bank (TX) has a B+ health rating.
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Must Come To The Branch To Open An Account
I called them and left them a voice mail, didn’t get a call back (why bother?). Three hours later called them again, and was told that the account cannot be opened remotely, e.g. over the phone or the internet. Instead, I must come to the branch. Since I live hours away, it makes it very difficult. I’ve been able to open accounts at the banks for years now without setting my foot at the branch. This bank either doesn’t seem to care about the customers’ convenience, or is so primitive, they don’t know about the existence of the telephone and or internet. I wish I could leave a zero star feedback here.
Data for Q4 2013
Institution Health
Texas Ratio
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 December 31, 2013 Texas Bank (TX) had $1.93 million in non-current loans and owned real-estate with $30.04 million in equity and loan loss allowances on hand to cover it. This gives Texas Bank (TX) a Texas Ratio of 6.42% 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 Texas Bank (TX) experienced no significant changes from 6.05% as of December 31, 2012 to 6.42% as of December 31, 2013, resulting in a negative change of 6.11%. This indicates that the balance sheet and financial strength for Texas Bank (TX) has had no significant changes in recent periods.
Deposit Growth
In the past year, Texas Bank (TX) has decreased its total deposits by -$12.8 million, resulting in -4.42% 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 Texas Bank (TX) has shown is below average.
Capitalization
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. Texas Bank (TX) has $332.39 million in assets with $30.04 million in equity, resulting in a capitalization level of 9.04%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 21074 |
| Year Established | 1973 |
| Employees | 121 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $332.39 million |
| Loans | $110.14 million |
| Deposits | $277.01 million |
| Equity Capital | $28.42 million |
| Loan Loss Allowance | $1.62 million |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $274,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $333.69 million |
| Equity Capital | $25.61 million |
| Loan Loss Allowance | $1.75 million |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $1.03 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.49% |
| Return on Assets | 1.18% |
| Return on Equity | 14.43% |
| Interest Income | $13.62 million |
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Texas Bank (TX) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Regular Savings |
Texas Bank (TX) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $10k | - | Advantage Money Market |
Texas Bank (TX) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 3.04% | - | $25k | Texas Reward Checking | |
| 0.25% | - | - | Texas Reward Checking | |
| 0.20% | - | - | Advantage Checking | |
| 0.20% | - | - | NOW Checking |
Texas Bank (TX) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $500 | - | 5 Year CD | |
| 1.26% | $500 | - | 4 Year CD | |
| 1.00% | $500 | - | 3 Year CD | |
| 0.90% | $500 | - | 30 Month CD | |
| 0.75% | $500 | - | 2 Year CD | |
| 0.50% | $500 | - | 18 Month CD | |
| 0.40% | $500 | - | 1 Year CD | |
| 0.40% | $500 | - | 6 Month CD | |
| 0.35% | $500 | - | 90 Day CD | |
| 0.30% | $500 | - | 30 Day CD |
Texas Bank (TX) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $500 | - | 5 Year IRA (Traditional,Roth) | |
| 1.26% | $500 | - | 4 Year IRA (Traditional,Roth) | |
| 1.00% | $500 | - | 3 Year IRA (Traditional,Roth) | |
| 0.90% | $500 | - | 30 Month IRA (Traditional,Roth) | |
| 0.75% | $500 | - | 24 Month Advantage IRA (Traditional,Roth) | |
| 0.75% | $500 | - | 2 Year IRA (Traditional,Roth) | |
| 0.50% | $500 | - | 18 Month IRA (Traditional,Roth) | |
| 0.40% | $500 | - | 1 Year IRA (Traditional,Roth) | |
| 0.40% | $500 | - | 6 Month IRA (Traditional,Roth) |
| Texas Bank (TX) Locations | ||
|---|---|---|
| Texas Bank | 1120 Highway 79 North | Henderson, TX 75652 |
| Convenience Center Branch | 1815 Hwy 79 S. | Henderson, TX 75654 |
| Tatum Branch | 230 West Johnson Street | Tatum, TX 75691 |
| Longview Branch | 4018 Estes Parkway | Longview, TX 75607 |
| Nacogdoches Branch | 500 North Street | Nacogdoches, TX 75961 |
| Rhones Quarter Rd. Branch | 5101 Rhones Quarter Rd. | Tyler, TX 75707 |