City Bank (TX) is headquartered in Lubbock and is the 25th largest bank in the state of Texas. It is also the 346th largest bank in the nation. It was established in 1984 and as of December of 2018, it had grown to 684 employees at 37 locations. City Bank (TX)'s money market rates are 2X the national average, and it has an A health rating.
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I have been a customer with City Bank since 2004. They offer a free checking account with a free debit card and free checks with no minimum requirements. It is very hard to find a bank or credit union that does not charge you for at least one of those items. A few years ago, they launched a mobile app that won a national award. I love their app. I use it to view all of my accounts with them and to do mobile deposits. I can easily cancel my debit card if I lose it, increase the withdrawal limit, and activate foreign transactions with a touch of a button. Their customer service is fantastic. If I call or email, I am promptly helped and always given a solution to my issue. Even when I go in person, they know me by name. Their fees are also lower than the national average. I am won over by their wonderful service and the attention they give me as a customer that I refuse to leave their bank. Even when I moved to Germany, they were still my main bank. I was able to do everything via email if the need arose.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25103 |
| Year Established | 1984 |
| Employees | 684 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.3% |
| Return on Equity - YTD | 13.29% |
| Annual Interest Income | $118.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $2.71B$2.57B |
| Loans | Q4 2018vs Q4 2017 | $1.97B$1.84B |
| Deposits | Q4 2018vs Q4 2017 | $2.30B$2.18B |
| Equity Capital | Q4 2018vs Q4 2017 | $269.0MM$254.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $23.1MM$21.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.1MM$11.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $2.2MM$2.7MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
