Overview / Commentary
Lovelady State Bank is headquartered in Lovelady and is the 414th largest bank in the state of Texas. It is also the 4,960th largest bank in the nation. It was established in 1974 and as of June of 2019, it had grown to 12 employees at 1 location. Lovelady State Bank has a C+ health rating.
Health
C+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Lovelady State Bank has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21807 |
| Year Established | 1974 |
| Employees | 12 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.58% |
| Return on Equity - YTD | 14.66% |
| Annual Interest Income | $961.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $43.3MM$48.6MM |
| Loans | Q2 2019vs Q2 2018 | $23.1MM$23.3MM |
| Deposits | Q2 2019vs Q2 2018 | $38.1MM$43.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $5.1MM$4.7MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $336.00K$324.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $193.00K$252.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $352.00K$108.00K |
Rates
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Lovelady State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $100 | - | Savings Accounts |
Lovelady State Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $2.5k | - | Money Market Accounts |
Lovelady State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $1.5k | - | Now Accounts |
Locations
| Lovelady State Bank Locations | ||
|---|---|---|
| Lovelady State Bank | 910 S Commerce St | Lovelady, TX 75851 |