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.
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.
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 |
Always verify rates and promotions with the bank or credit union. We are not Incommons Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.50% | - | $100k | Kasasa Saver | |
0.25% | $100 | - | Savings | |
0.01% | $100 | - | Health Savings Account (HSA) |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.00%* | - | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.50% → $10k+ | |||||
0.20% | - | - | Interest Checking | ||
0.20% | - | - | Business Interest Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.27% | $1k | - | 1 Year CD | |
2.27% | $1k | - | 18 Month CD | |
1.00% | $2.5k | - | 6 Month CD | |
1.00% | $1k | - | 2 Year CD | |
0.95% | $1k | - | 3 Year CD | |
0.85% | $1k | - | 4 Year CD | |
0.75% | $1k | - | 5 Year CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.27% | $500 | - | 12 Month IRA | |
2.27% | $500 | - | 18 Month IRA | |
1.00% | $500 | - | 24 Month IRA |
Incommons Bank Locations | ||
---|---|---|
Coolidge Branch | 123 Bell Street | Coolidge, TX 76635 |
Incommons Bank, N.A. | 301 E Commerce St | Mexia, TX 76667 |
Fairfield Branch | 415 West Commerce | Fairfield, TX 75840 |
Waco Branch | 5400 Crosslake Parkway | Waco, TX 76712 |
Rosebud Branch | 339 Main Street | Rosebud, TX 76570 |
Mart Branch | 714 East Texas Avenue | Mart, TX 76664 |