State Bank of Texas (SBT)


Overview / Commentary
972-252-6000
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas (SBT) is headquartered in Dallas and is the 82nd largest bank in the state of Texas. It is also the 945th largest bank in the nation. It was established in 1987 and as of December of 2020, it had grown to 75 employees at 7 locations. State Bank of Texas (SBT)'s money market rates are 70% higher than the national average, and it has an A health rating.

Reviews (5)

Shaky Start

Posted by: |

We decided to open a jumbo money market account at the Garland branch based on the excellent rate. The sign up experience was shaky. We had to ask for both checks to be sent to us and a receipt for our deposit, among other things. I keep waiting for a phone call telling me they forgot something

Account Opening

Posted by: |

The Chicago office said you must go into one of the branches to open an account. It can't be done online or by snail mail.

Money Market Account

Posted by: |

Beware- when balance falls below $25,000 there is $20 monthly fee-

Nonsense Of A Bank

Posted by: |

So many banks have a much more APY. And this bank wants a minimum balance of $100,000 for their abysmal APY?

Awful Customer Service

Posted by: |

I called this bank on TWO separate occasions inquiring about its Jumbo Money Market account. I had to leave messages both times, but nobody ever called me back.

I find this to be incredibly unprofessional and bad business on their part since I was looking to deposit $100,000 and not open a Christmas Club account with $100.00!

I'm shocked by their incompetence.



Health

Health Grade Components

Overall
FDIC Certificate #27074
Year Established1987
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.4%
Return on Equity - YTD21.11%
Annual Interest Income$53.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$977.0MM$853.1MM
LoansQ4 2020vs Q4 2019$775.9MM$674.1MM
DepositsQ4 2020vs Q4 2019$774.8MM$686.2MM
Equity CapitalQ4 2020vs Q4 2019$162.8MM$150.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$10.3MM$7.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$8.7MM$7.6MM
Real Estate OwnedQ4 2020vs Q4 2019$1.1MM$2.4MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Texas (SBT) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Regular Savings Account

State Bank of Texas (SBT) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100k-Jumbo Money Market

State Bank of Texas (SBT) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$100k-12 Month CD - Houston area only
0.65%*$100k*$250k12 Month CD
OTHER TIERS: 0.55% $25k - $100k
Locations


State Bank of Texas (SBT) Locations
O'hare International Airport Branch10000 West O'hare AvenueChicago, IL 60666
Irving Branch605 W. Airport FreewayIrving, TX 75062
Garland Branch517 West I-30Garland, TX 75041
Richardson Branch500 W Belt Line RoadRichardson, TX 75080
State Bank Of Texas11950 Webb Chapel RoadDallas, TX 75234
Devon Branch2615 West DevonChicago, IL 60659
Houston Branch8585 S. Gessner RoadHouston, Texas 77074

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