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

Texas First Bank is headquartered in Texas City and is the 63rd largest bank in the state of Texas. It is also the 767th largest bank in the nation. It was established in 1982 and as of March of 2014, it had grown to 232 employees at 24 locations. Texas First Bank's savings rates are 73% higher than the national average, and it has a B+ 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 Q1 2014

Institution Health

B+

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 Texas First Bank had $9.76 million in non-current loans and owned real-estate with $91.36 million in equity and loan loss allowances on hand to cover it. This gives Texas First Bank a Texas Ratio of 10.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Texas First Bank experienced no significant changes from 11.50% as of March 31, 2013 to 10.68% as of March 31, 2014, resulting in a positive change of 7.13%.This indicates that the balance sheet and financial strength for Texas First Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Texas First Bank has increased its total deposits by $84.06 million, resulting in 11.77% 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

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 $883.24 million in assets with $91.36 million in equity, resulting in a capitalization level of 10.34%, which is above average.

Institution Statistics

Overall
FDIC Certificate #23799
Year Established1982
Employees232
Primary RegulatorFED
Assets and Liabilities
Assets$883.24 million
Loans$403.28 million
Deposits$797.99 million
Equity Capital$83.94 million
Loan Loss Allowance$7.42 million
Unbacked Noncurrent Loans$5.65 million
Real Estate Owned$4.11 million
Historic Data - March 2013
Assets$797.94 million
Equity Capital$82.07 million
Loan Loss Allowance$6.89 million
Unbacked Noncurrent Loans$5.65 million
Real Estate Owned$5.54 million
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets1.44%
Return on Equity14.87%
Interest Income$8.09 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
0.75%-$10kReal Saver - Qualifying
0.10%$300-Regular Savings
0.10%--Shining Star Savings for Minors
0.05%--Real Saver - Non Qualifying

Texas First Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$250k-Business Money Market

Texas First Bank Checking Account Rates

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

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
0.30%$1k-18 Month IRA
0.20%$1k-12 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-3 Month IRA
Locations

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