State Bank of Texas
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.35% | 1-year CD | Jumbo 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 1.25% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 1.25% | Money Market | Jumbo Money Market Deposit Account 0.85% - Ally Bank Money Market Account |
State Bank of Texas is headquartered in Dallas and is the 87th largest bank in the state of Texas. It is also the 1,051st largest bank in the nation. It was established in 1987 and as of June of 2016, it had grown to 50 employees at 5 locations. State Bank of Texas' money market rates are 3X the national average, and it has a B health rating.
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2/22 - State Bank of Texas Offers Competitive 1-Year CD And MMA
Shaky Start
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
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27074 |
| Year Established | 1987 |
| Employees | 50 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 6.71% |
| Return on Equity - YTD | 37.15% |
| Annual Interest Income | $22.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $680.1MM$714.8MM |
| Loans | Q2 2016vs Q2 2015 | $498.5MM$501.6MM |
| Deposits | Q2 2016vs Q2 2015 | $541.3MM$563.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $123.1MM$139.3MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $6.1MM$7.8MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $3.3MM$10.6MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $14.2MM$6.3MM |
Always verify rates and promotions with the bank or credit union. We are not State Bank of Texas; we are a rate comparison website and cannot provide official rates or promotions.
State Bank of Texas Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $100k | - | Jumbo Money Market Deposit Account |
State Bank of Texas CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.35% | $100k | - | Jumbo 12 Month CD | |
| 1.25% | $25k | - | 12 Month CD |
| State Bank of Texas Locations | ||
|---|---|---|
| Devon Branch | 2615 West Devon | Chicago, IL 60659 |
| State Bank Of Texas | 11950 Webb Chapel Road | Dallas, TX 75234 |
| Richardson Branch | 500 W Belt Line Road | Richardson, TX 75080 |
| Garland Branch | 517 West I-30 | Garland, TX 75041 |
| Irving Branch | 605 W. Airport Freeway | Irving, TX 75062 |