Texas First Bank

Texas First Bank is headquartered in Texas City and is the 68^th largest bank in the state of Texas. It is also the 924^th largest bank in the nation. It was established in 1982 and as of March of 2012, it had grown to 202 employees at 20 locations. Texas First Bank's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Related Posts

Texas First Bank Checking Account Rates

Texas First Bank Savings Account Rates

Texas First Bank Money Market Rates

Texas First Bank CD Rates

Texas First Bank IRA Rates

Data for Q1 2012

Institution Statistics Texas First Bank FDIC Certificate # 23799 BankRate Report View Year Established 1982 Employees 202 Primary Regulator FED Assets and Liabilities Assets $718.91 million Loans $305.38 million Deposits $640.91 million Equity Capital $75.33 million Loan Loss Allowance $6.08 million Unbacked Noncurrent Loans $5.28 million Real Estate Owned $5.24 million Historic Data - March 2011 Assets $468.36 million Equity Capital $51.31 million Loan Loss Allowance $3.23 million Unbacked Noncurrent Loans $1.05 million Real Estate Owned $2.70 million Profit Margin - Quarterly Net Interest Margin 4.13% Return on Assets 1.15% Return on Equity 10.88% Interest Income $7.33 million

Institution Health Overall Score: 4 out of 5 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 March 31, 2012 Texas First Bank had $10.52 million in non-current loans and owned real-estate with $81.42 million in equity and loan loss allowances on hand to cover it. This gives Texas First Bank a Texas Ratio of 12.93% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Texas First Bank increased slightly from 6.87% as of March 31, 2011 to 12.93% as of March 31, 2012, resulting in a negative change of 88.03%. This indicates that the balance sheet and financial strength for Texas First Bank has declined slightly in recent periods. Deposit Growth In the past year, Texas First Bank has increased its total deposits by $226.34 million, resulting in 54.59% 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 excellent. 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 First Bank has $718.91 million in assets with $81.42 million in equity, resulting in a capitalization level of 11.32%, which is above average.

No reviews have been left for this bank yet. Be the first to review.