State Bank of Texas (SBT)

Overview / Commentary
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas (SBT) is headquartered in Dallas and is the 83rd largest bank in the state of Texas. It is also the 947th largest bank in the nation. It was established in 1987 and as of March of 2021, it had grown to 76 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 Grade Components

FDIC Certificate #27074
Year Established1987
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.65%
Return on Equity - YTD21.81%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.03B$918.1MM
LoansQ1 2021vs Q1 2020$824.1MM$709.8MM
DepositsQ1 2021vs Q1 2020$785.0MM$768.3MM
Equity CapitalQ1 2021vs Q1 2020$172.1MM$134.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$11.1MM$7.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$11.4MM$7.6MM
Real Estate OwnedQ1 2021vs Q1 2020$1.5MM$2.1MM
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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

0.05%--Regular Savings Account

State Bank of Texas (SBT) Money Market Rates

0.75%$100k-Jumbo Money Market

State Bank of Texas (SBT) CD Rates

0.65%*$100k*$250k12 Month CD
OTHER TIERS: 0.55% $25k - $100k

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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