Incommons Bank is headquartered in MEXIA and is the 241st largest bank in the state of Texas. It is also the 2,721st largest bank in the nation. It was established in 1882 and as of June of 2023, it had grown to 53 employees at 6 locations. Incommons Bank's CD rates are 3X the national average, and it has an A health rating.
Not That Great !
I have had an account here for about 2+ years but they lowered their interest rate on Kasas cash checking about a year ago. That ruined it for me, and I began looking for other banks with higher rates and better policies.
One big issue is that if you pay a bill via their Bill Pay service, they take the money out of your account immediately while most other banks do not take the money out of your account until the payee cashed the check, or at least wait until the requested delivery date.
I have about 5 rewards checking accounts that pay a higher interest rate, but I will keep this account open since it is the only local bank I have and it's handy if I need to cash a check quickly.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3342 |
| Year Established | 1882 |
| Employees | 53 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 10.06% |
| Annual Interest Income | $6.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $250.1MM$217.4MM |
| Loans | Q2 2023vs Q2 2022 | $175.4MM$144.3MM |
| Deposits | Q2 2023vs Q2 2022 | $214.6MM$201.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $16.1MM$14.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $2.2MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $325.00K$446.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |