Southside Bank

Overview / Commentary

www.southside.com

903-630-7902

1201 South Beckham Street
Tyler, TX 75701

Southside Bank is headquartered in TYLER and is the 18^th largest bank in the state of Texas. It is also the 192^nd largest bank in the nation. It was established in 1960 and as of June of 2023, it had grown to 815 employees at 60 locations. Southside Bank's money market rates are 7X the national average, and it has an A health rating.

Limited Time CD Specials In Texas (Terms Of 5, 7 & 11 Months) - 6/8/2023

A reader emailed me news of these CD Specials. Our software sometimes misses CD Specials, so we're very grateful when readers alert us of these. If you prefer not to post them in this forum, feel free to email me news of them. Advantage CD Rates ($100,000 or above) as of 6/8/23: 5.01% APY 5-month 5.10% APY 7-month 5.25% APY 11-month https://www.southside.com/cd-specials A branch visit is probably required to open these. They have branches in many parts of Texas. Check out the locations section at this bank page to find the branches.

Reviews (4)

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Best Bank

Posted by: Shayley43 | Nov 24, 2017

I can’t remember a time when we haven’t banked with Southside. The comfort of knowing the people of Southside, from the top down, are members of the community is greatly valuable to us and it’s been our experience that any problems that may crop up are handled quickly and efficiently, with the kind of friendly customer service that has become a little rare in recent years. We wouldn’t consider going elsewhere!

Comment

Southside Bank outshines them all!

Posted by: Jer83104 | Jan 9, 2017

I have the most amazing bank. Let me just start by saying I have had banking experience with many different banks, in several cities, but Southside Bank has been #1 hands down. I have had to contact customer service numerous times, and each time my issue was resolved from the FIRST contact. I have had numerous attempts of someone trying to take money from my account fraudulently, and each time my bank caught the attempt and automatically replaced my bank card. They have always been able to meet my needs and request within a very reasonable amount of time. They have been easy to work with and I always feel that my money is safe. Their hours and locations are convenient for me. Their banking fees are reasonable. I always highly recommend them to my family and coworkers.

Comment

Southside Bank - Reliable

Posted by: Mavs80 | Nov 25, 2016

I have been banking with Southside Bank for 12 years. The reason I have been loyal is because they have responded quickly during two separate occasions when my identity was stolen. Once they even alerted me that it appeared someone stole my debit card. They were right and it saved me a lot lf time and money. If I ever have any questions about my account it is easy to get in touch with a person and not just an automated response. On the downside they do not offer competitive interest rates on loans. However, they will take the time to walk you through the apllication process for a home and auto loan. In addition, their online banking is easy to use and has helped me keep tabs on checking account in real time. I like conveniance they offer to print out my statements from my home computer. Overall, I would rank Southside Bank a four out of five stars because of their customer service and many banking locations across North East Texas.

Comment

Love our Bank

Posted by: ShaneInTexas | Jun 29, 2015

My wife and I have been banking with Southside Bank for approximately 18 years. Southside Bank has always been willing to offer us competitive loans when we needed them. The employees at Southside Bank have always gone out of their way to make our banking experience as pleasant as possible. They are a local bank and have always cared about the people in their community. Southside Bank has very competitive interest rates and offer a wide range of business or personal loans. Southside Bank has many locations in the east Texas area. So whether you are looking for an ATM machine, mobile banking, or main branches. Southside will be there to serve your needs. Again, at Southside Bank, customers are always top priority and they will most certainly do whatever it takes to try and meet your needs. We would highly recommend to anyone looking for a very good financial institution. We a very satisfied customers of Southside Bank.

Comment

Health

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	18297
Year Established	1960
Employees	815
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.43%
Return on Equity - YTD	12.36%
Annual Interest Income	$167.7MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$7.80B$7.60B
Loans	Q2 2023vs Q2 2022	$4.29B$3.93B
Deposits	Q2 2023vs Q2 2022	$6.12B$6.27B
Equity Capital	Q2 2023vs Q2 2022	$908.0MM$862.6MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$36.3MM$35.4MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$3.0MM$3.1MM
Real Estate Owned	Q2 2023vs Q2 2022	$0$128.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Southside 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.

Southside Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.41%^*	$250k^*	-	Regular Savings
OTHER TIERS: 0.20% → Up to $2.5k \| 0.30% → $2.5k - $10k \| 0.40% → $10k - $25k \| 0.60% → $25k - $50k \| 0.90% → $50k - $100k \| 1.26% → $100k - $250k
1.41%^*	$250k^*	-	Business Savings
OTHER TIERS: 0.20% → Up to $2.5k \| 0.30% → $2.5k - $10k \| 0.40% → $10k - $25k \| 0.60% → $25k - $50k \| 0.90% → $50k - $100k \| 1.26% → $100k - $250k
0.45%	-	-	Youth Savings Account
0.20%	$5k	-	Health Savings Account

Southside Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.04%^*	$5m^*	-	Platinum Advantage Investment Account
OTHER TIERS: 0.10% → Up to $20k \| 0.18% → $20k - $50k \| 0.25% → $50k - $75k \| 0.65% → $75k - $150k \| 0.75% → $150k - $250k \| 1.00% → $250k - $500k \| 1.11% → $500k - $1m \| 1.16% → $1m - $3m \| 2.12% → $3m - $5m

Southside Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$250k^*	-	Checking Plus Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k \| 0.35% → $50k - $100k \| 0.60% → $100k - $250k
0.70%^*	$500k^*	-	Relationship Checking Account
OTHER TIERS: 0.20% → $7.5k - $20k \| 0.30% → $20k - $50k \| 0.40% → $50k - $100k \| 0.55% → $100k - $500k
0.60%^*	$500k^*	-	Premier Business Checking Account
OTHER TIERS: 0.20% → Up to $20k \| 0.25% → $20k - $50k \| 0.40% → $50k - $100k \| 0.45% → $100k - $250k \| 0.50% → $250k - $500k
0.45%	$1k	-	Senior Checking

Southside Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.20%	$100k	-	14 Month Advantage CD Special
5.10%	$100k	-	9 Month Advantage CD Special
5.05%	$100k	-	7 Month Advantage CD Special
5.01%	$100k	-	5 Month Advantage CD Special
4.60%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.67% → $1k - $100k
4.50%^*	$100k^*	-	1 Year CD
OTHER TIERS: 1.00% → $1k - $100k
4.40%	$50k	-	1 Year CD Special
4.32%^*	$100k^*	-	18 Month CD
OTHER TIERS: 1.16% → $1k - $100k
4.11%	$100k	-	26 Month Advantage CD Special
4.06%^*	$100k^*	-	2 Year CD
OTHER TIERS: 1.31% → $1k - $100k
4.01%	$50k	-	2 Year CD Special
4.00%	$50k	-	6 Month CD Special
3.24%	$50k	-	18 Month CD Special
3.03%^*	$100k^*	-	3 Month CD
OTHER TIERS: 0.38% → $1k - $100k
2.47%^*	$100k^*	-	3 Year CD
OTHER TIERS: 1.46% → $1k - $100k
2.45%	$100k	-	61 Month Advantage CD Special
2.42%^*	$100k^*	-	5 Year CD
OTHER TIERS: 2.07% → $1k - $100k
0.32%^*	$100k^*	-	1 Month CD
OTHER TIERS: 0.25% → $1k - $100k

Southside Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.27%	$1k	-	1 Year IRA
4.11%	$1k	-	2 Year IRA
2.52%	$1k	-	3 Year IRA
2.47%	$1k	-	5 Year IRA