Incommons Bank is headquartered in Mexia and is the 261st largest bank in the state of Texas. It is also the 3,060th largest bank in the nation. It was established in 1882 and as of March of 2020, it had grown to 56 employees at 6 locations. Incommons Bank has an A health rating.
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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 Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3342 |
| Year Established | 1882 |
| Employees | 56 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 9.65% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $178.5MM$171.9MM |
| Loans | Q1 2020vs Q1 2019 | $122.2MM$117.3MM |
| Deposits | Q1 2020vs Q1 2019 | $148.5MM$142.3MM |
| Equity Capital | Q1 2020vs Q1 2019 | $17.1MM$16.0MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $1.4MM$1.2MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $276.00K$330.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $150.00K$41.00K |