Texas Gulf Bank

Texas Gulf Bank Locations
200 W. Second Street
Freeport, TX 77541
979-233-4401
www.texasgulfbank.com

Texas Gulf Bank is headquartered in Freeport and is the 123rd largest bank in the state of Texas. It is also the 1,650th largest bank in the nation. It was established in 1913 and as of September of 2011, it had grown to 105 employees at 8 locations. Texas Gulf Bank has a 5-star health rating.

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3.30% Reward Checking Account at Texas Gulf Bank - Local Only - 10/26/2009

Texas Gulf Bank is offering a high-yield reward checking account called Gulf Advantage Checking. The account has the following rates and features if certain monthly requirements are met:3.30% APY on balances up to $25,0001.01% on portion of balance over...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Texas Gulf Bank Checking Account Rates

ApyMinMaxProduct
2.22%-$25kGulf Advantage Checking
0.60%$250k-VIP High Yield Checking Account
0.15%$2,500-Gulf Stream Super Now

Texas Gulf Bank Savings Account Rates

ApyMinMaxProduct
0.25%$100-Gulf Rewards Savings Account
0.20%$100-Sand Dollar Savings
0.20%$5k-Health Savings Account

Texas Gulf Bank Money Market Rates

ApyMinMaxProduct
0.45%$40k-Gulf Stream Money Market Account

Texas Gulf Bank CD Rates

ApyMinMaxProduct
1.70%$2,500-5 Year CD
1.55%$2,500-4 Year CD
1.25%$2,500-3 Year CD
0.85%$2,500-2 Year CD
0.72%$2,500-18 Month CD
0.60%$2,500-1 Year CD
0.40%$2,500-180 Day CD
0.30%$2,500-90 Day CD
0.15%$2,500-30 Day CD

Texas Gulf Bank IRA Rates

ApyMinMaxProduct
1.70%$2k-5 Year Fixed IRA
1.55%$2k-4 Year Fixed IRA
1.25%$2k-3 Year Fixed IRA
1.05%$2k-30 Month Fixed IRA
0.85%$2k-2 Year Fixed IRA
0.85%$1k-18 Month Variable Rate IRA
0.72%$2k-18 Month Fixed IRA
0.60%$2k-1 Year Fixed IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Texas Gulf Bank, National Association
FDIC Certificate #3206
BankRate ReportView
Year Established1913
Employees105
Primary RegulatorOCC

Assets and Liabilities

Assets$398.28 million
Loans$197.30 million
Deposits$338.89 million
Equity Capital$45.42 million
Loan Loss Allowance$2.63 million
Unbacked Noncurrent Loans$371,000

Historic Data - September 2010

Assets$335.85 million
Equity Capital$41.32 million
Loan Loss Allowance$2.13 million
Unbacked Noncurrent Loans$353,000

Profit Margin - Quarterly

Net Interest Margin3.75%
Return on Assets0.8%
Return on Equity7.07%
Interest Income$11.47 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 September 30, 2011 Texas Gulf Bank had $371,000 in non-current loans and owned real-estate with $48.05 million in equity and loan loss allowances on hand to cover it. This gives Texas Gulf Bank a Texas Ratio of 0.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Texas Gulf Bank held steady from 0.81% as of September 30, 2010 to 0.77% as of September 30, 2011, resulting in a positive change of 4.97%.This indicates that the balance sheet and financial strength for Texas Gulf Bank has held steady in recent periods.
Deposit Growth5
In the past year, Texas Gulf Bank has increased its total deposits by $45.47 million, resulting in 15.5% 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 Gulf Bank has shown is excellent.
Capitalization5
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 Gulf Bank has $398.28 million in assets with $48.05 million in equity, resulting in a capitalization level of 12.06%, which is excellent.
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