First National Bank of East Texas

Overview / Commentary
206 US Highway 271 N
Gilmer, TX 75644

First National Bank of East Texas is headquartered in GILMER and is the 158th largest bank in the state of Texas. It is also the 1,663rd largest bank in the nation. It was established in 1900 and as of March of 2024, it had grown to 137 employees at 12 locations. First National Bank of East Texas has a B+ health rating.

Reviews (1)

Horrible Customer Service

Posted by: |

This bank has the worst customer service ever. They will not work with you at all. They don't tell you that they don't do their withdraws in the order in which they happen. Instead they take the largest deduction first. So if you do have any smaller ones afterwards they can stick you with 3 or 4 insufficient funds charges verses one. Then when you call and question their accounting after 4 bank employees can't tell you why they have done the withdraws in the order they were done you get to speak to bookkeeping. Bookkeeping is then very short and rude telling you they have done this since 1985. I have never had any bank tell me to balance my check book out of order. They don't offer any overdraft but believe me their goal in banking is to determine how they can collect more of your money for themselves. They also allow your account to be charged insufficient funds due to monthly charges which most banks don't even have. As soon as my last direct deposit hits I am closing my account and looking for a bank that at least is friendly and knowledgeable when I have a problem. This is definitely not the bank for customers service.


Health Grade Components

FDIC Certificate #3218
Year Established1900
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.61%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$552.9MM$534.4MM
LoansQ1 2024vs Q1 2023$389.2MM$357.3MM
DepositsQ1 2024vs Q1 2023$487.8MM$472.3MM
Equity CapitalQ1 2024vs Q1 2023$46.7MM$44.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.2MM$4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.7MM$2.3MM
Real Estate OwnedQ1 2024vs Q1 2023$251K$315K

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