Colonial Savings is headquartered in FORT WORTH and is the 89th largest bank in the state of Texas. It is also the 988th largest bank in the nation. It was established in 1962 and as of September of 2024, it had grown to 191 employees at 7 locations. Colonial Savings' CD rates are 4X the national average, and it boasts an A+ health rating.
So Far, So Good
I have accounts with them, along with my wife. So far, they have been very good ..... a bit old fashioned and overkill on forms, but good CS. Have not had CDs mature yet, but expect it will be relatively easy to move funds. They just lowed some rates, but are still competitive. Will continue to use them.
Excellent
Well I would love to open an account online..my sister has an account too she said the bank is so good and they are really making it so much easier for them
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31361 |
| Year Established | 1962 |
| Employees | 191 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 0.72% |
| Annual Interest Income | $25MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $1.05B$1.11B |
| Loans | Q3 2024vs Q3 2023 | $719.6MM$746.9MM |
| Deposits | Q3 2024vs Q3 2023 | $714.6MM$666.6MM |
| Equity Capital | Q3 2024vs Q3 2023 | $239.3MM$237.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $8.3MM$8.7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $2.9MM$1.6MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$13K |