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409-948-1990
3232 Palmer Highway
Texas City, TX 77590

Texas First Bank is headquartered in Texas City and is the 65th largest bank in the state of Texas. It is also the 828th largest bank in the nation. It was established in 1982 and as of December of 2013, it had grown to 219 employees at 22 locations. Texas First Bank's savings rates are 73% higher than the national average, and it has a A health rating.

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Reviews (1)

Great Products And Customer Service

The employees are awesome. They know my name and I get better products than if I was with a large mega bank. Texas First Bank is also sponsor to one of the little league teams in my community. I enjoy seeing the bank that has my money invest it in my community.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 First Bank had $6.93 million in non-current loans and owned real-estate with $87.07 million in equity and loan loss allowances on hand to cover it. This gives Texas First Bank a Texas Ratio of 7.95% 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 Texas First Bank decreased dramatically from 12.23% as of December 31, 2012 to 7.95% as of December 31, 2013, resulting in a positive change of 34.93%.This indicates that the balance sheet and financial strength for Texas First Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Texas First Bank has increased its total deposits by $15.88 million, resulting in 2.22% 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 First Bank has shown is above average.

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. Texas First Bank has $814.48 million in assets with $87.07 million in equity, resulting in a capitalization level of 10.69%, which is above average.

Institution Statistics

Overall
FDIC Certificate #23799
Year Established1982
Employees219
Primary RegulatorFED
Assets and Liabilities
Assets$814.48 million
Loans$381.56 million
Deposits$732.28 million
Equity Capital$80.00 million
Loan Loss Allowance$7.07 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$4.51 million
Historic Data - December 2012
Assets$799.16 million
Equity Capital$81.06 million
Loan Loss Allowance$6.86 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$3.78 million
Profit Margin - Quarterly
Net Interest Margin3.73%
Return on Assets0.73%
Return on Equity7.21%
Interest Income$29.88 million
Rates

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

Texas First Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.90%--Health Savings Account
0.10%$300-Regular Savings
0.10%--Shining Star Savings for Minors

Texas First Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$250k-Business Money Market

Texas First Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$10kRewards Checking
0.20%$250k-Five Star Checking
0.20%$250k-Small Business Checking with Interest
0.05%--Rewards Checking

Texas First Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.40%$1k-24 Month CD
0.40%$100k-24 Month Jumbo CD
0.30%$1k-18 Month CD
0.30%$100k-18 Month Jumbo CD
0.20%$1k-12 Month CD
0.20%$100k-12 Month Jumbo CD
0.10%$1k-6 Month CD
0.10%$100k-6 Month Jumbo CD
0.05%$1k-3 Month CD
0.05%$100k-3 Month Jumbo CD

Texas First Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.40%$1k-24 Month IRA (Traditional,Roth)
0.30%$1k-18 Month IRA (Traditional,Roth)
0.20%$1k-12 Month IRA (Traditional,Roth)
0.10%$1k-6 Month IRA (Traditional,Roth)
0.05%$1k-3 Month IRA (Traditional,Roth)
Locations

Texas First Bank has 23 locations. Click to view all Texas First Bank locations.