Overview / Commentary
Classic Bank is headquartered in CAMERON and is the 136th largest bank in the state of Texas. It is also the 1,378th largest bank in the nation. It was established in 1889 and as of June of 2024, it had grown to 89 employees at 7 locations. Classic Bank's money market rates are 3X the national average, and it has a B+ health rating.
Reviews (2)
Love My Bank
Posted by: mac2011 | Sep 9, 2021
I love this bank! The staff in Rockdale goes above and beyond with their service whether it is with my every day banking or if I have an issue I need help with.
Must Go To The Bank To Open An Account
Posted by: AFCGooner | Sep 26, 2023
If you live outside of Austin, be aware that you must go to a branch to complete the account application. You cannot finish setting up and funding until you visit a banker in person. This was the sole reason why I didn't join their bank.
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3126 |
| Year Established | 1889 |
| Employees | 89 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 11.4% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $686.2MM$678MM |
| Loans | Q2 2024vs Q2 2023 | $558.3MM$520.2MM |
| Deposits | Q2 2024vs Q2 2023 | $598MM$577.4MM |
| Equity Capital | Q2 2024vs Q2 2023 | $59.2MM$53.2MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $6MM$5.9MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $0$26K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$49K |