Texas Bank (TX) is headquartered in Henderson and is the 119th largest bank in the state of Texas. It is also the 1,274th largest bank in the nation. It was established in 1973 and as of March of 2022, it had grown to 159 employees at 12 locations. Texas Bank (TX)'s money market rates are 3X the national average, and it has a B+ health rating.
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I Like The $25.000 Limit On Rewards Checking, But....
They just lowered their interest rate on on Rewards Checking from 3.04% APY doen to 2.53% APY (still a good rate) without any prior notice. After they bring in sufficient customers with their higher interest rate they will not advertise or show the interest rate anymore? You will not find their current interest rate on their website so you will never know when it changes (drops) without checking your statements. When I called the bank to find out their current interest rate I was told that it changes daily and I would have to call them to find out the current rates ????
Uchoose Rewards
Beware with their U choose Rewards program. They never give you the proper points and usually you have to contact them on missing points. I know they have screwed me over on several purchases i have made just to receive more points but they seem to never honor them. I'm tired of always having to check on my purchases for the correct balances. you would think that with all the technology it would do it automatically. think i will be changing banks.
Must Come To The Branch To Open An Account
I called them and left them a voice mail, didn’t get a call back (why bother?). Three hours later called them again, and was told that the account cannot be opened remotely, e.g. over the phone or the internet. Instead, I must come to the branch. Since I live hours away, it makes it very difficult. I’ve been able to open accounts at the banks for years now without setting my foot at the branch. This bank either doesn’t seem to care about the customers’ convenience, or is so primitive, they don’t know about the existence of the telephone and or internet. I wish I could leave a zero star feedback here.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21074 |
| Year Established | 1973 |
| Employees | 159 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 9.76% |
| Annual Interest Income | $7.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $735.5MM$645.3MM |
| Loans | Q1 2022vs Q1 2021 | $523.8MM$442.4MM |
| Deposits | Q1 2022vs Q1 2021 | $625.3MM$532.9MM |
| Equity Capital | Q1 2022vs Q1 2021 | $65.9MM$60.2MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $5.1MM$4.0MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $7.6MM$5.0MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
