First-Lockhart National Bank is headquartered in Lockhart and is the 195th largest bank in the state of Texas. It is also the 2,090th largest bank in the nation. It was established in 1934 and as of December of 2021, it had grown to 54 employees at 4 locations. First-Lockhart National Bank has an A health rating.
Slow To Start A New Account, But Then Everything Gets Better
I applied for my account online. I was supposed to hear from someone within a few days, but that did not happen? I waited about 4-5 days and called and spoke with Samantha Ortega, She was apologetic for the delay and immediately got my account opened, processed my Initial deposit, got my Debit card ordered and opened my access to online banking.
Since then, I have been using the account with no issues. I did have a few questions after I opened my account and sent emails to Samantha who quickly replied to answer my questions.
After completing my first banking cycle, everything is running smoothly and I have no complaints.
Rate Continues To Drop
I signed up for an account here in mid-2021, and received notice that rate was dropping from 2.05% to 1.05%. It's hardly worth the effort any more.
Change In Rate And Debit Count
I just signed up for this account. I was told by the customer rep that the interest rate went down from 3.05% to 2.05%. Upon further examination, I also saw the debit card usage requirements jumped from 7 to 15 (still at $5/transaction minimum). It may not be worth the effort.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13599 |
| Year Established | 1934 |
| Employees | 54 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 8.79% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $391.0MM$326.8MM |
| Loans | Q4 2021vs Q4 2020 | $219.1MM$183.1MM |
| Deposits | Q4 2021vs Q4 2020 | $355.6MM$293.9MM |
| Equity Capital | Q4 2021vs Q4 2020 | $32.8MM$30.1MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $3.1MM$3.0MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $0$214.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |