Bank of South Texas is headquartered in MCALLEN and is the 287th largest bank in the state of Texas. It is also the 3,330th largest bank in the nation. It was established in 1986 and as of March of 2025, it had grown to 60 employees at 7 locations. Bank of South Texas' CD rates are 4X the national average, and it has a B+ health rating.
No CD, Check, Savings Rates Posted
they do not have any rates for CD, Savings, Checking etc posted on their website. Clicked on Open Account and a warning came up and said directing to 3rd party website.
Called the bank in Mcallen and spoke to CSR who had no idea where to direct me on their website to see the current interest rates for CDs. She even talked to her manager who did not know. They also do not post any link to their Terms and Conditions for any of their accounts either.
For a bank with an A+ rating they should have this info easy for customers to find, especially rates their bread and butter. When I see this type of "hiding the T&C" and "Rates" and using 3rd party website to start an account I RUN.
Don't Want My $
12-month c.d. is 5.09% Rates not posted on web site I was told when I called cuz they don't want people outside of Texas, yet they have a branch on Devon Avenue in Chicago
No Longer 5.88
This is no longer 5.88% - it is now 5.00%. If you go on the website, it still shows 5.88%, and you try to apply and it takes all your info, THEN it says 5.00%. Bank of South Texas, stop taking peoples personal info BEFORE you tell me the proper interest rate, that is not right.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26727 |
| Year Established | 1986 |
| Employees | 60 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.59% |
| Return on Equity - YTD | 8.82% |
| Annual Interest Income | $3.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $159.1MM$170MM |
| Loans | Q1 2025vs Q1 2024 | $106.1MM$113MM |
| Deposits | Q1 2025vs Q1 2024 | $128.5MM$141.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $29.2MM$26.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.3MM$1.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $299K$156K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |