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 85th largest bank in the state of Texas. It is also the 978th largest bank in the nation. It was established in 1987 and as of June of 2020, it had grown to 70 employees at 6 locations. State Bank of Texas (SBT) has a B+ 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
B+

Health Grade Components

Overall
FDIC Certificate #27074
Year Established1987
Employees70
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.06%
Return on Equity - YTD19.17%
Annual Interest Income$25.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$915.4MM$887.2MM
LoansQ2 2020vs Q2 2019$728.3MM$627.9MM
DepositsQ2 2020vs Q2 2019$719.3MM$741.0MM
Equity CapitalQ2 2020vs Q2 2019$144.4MM$139.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$8.6MM$6.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.6MM$16.8MM
Real Estate OwnedQ2 2020vs Q2 2019$2.1MM$1.5MM
Rates
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State Bank of Texas (SBT) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$25k-12 Month CD
Locations


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

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