Texas Bank (TX)

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REVIEWS

Texas Reward Checking

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.53%	Reward Checking	Texas Reward Checking 1.82% - National Average
1.86%	5-year CD	5 Year CD 2.35% - Synchrony Bank 60 Month CD
1.00%	1-year CD	1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD

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Overview / Commentary

www.texasbnk.com

903-657-1466

1120 Highway 79 North
Henderson, TX 75652

Texas Bank (TX) is headquartered in Henderson and is the 145^th largest bank in the state of Texas. It is also the 1,654^th largest bank in the nation. It was established in 1973 and as of March of 2017, it had grown to 138 employees at 10 locations. Texas Bank (TX)'s money market rates are 93% higher than the national average, and it has an A health rating.

I Like The $25.000 Limit On Rewards Checking, But....

Posted by: RLunder | Jun 17, 2016

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 ????

1

Membership

Posted by: kiwi | Jan 6, 2015

OK to open an account but you have to do it in person.

Comment

9

Must Come To The Branch To Open An Account

Posted by: Alejandro | Mar 3, 2013

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.

16

Health

A

Data as of Q1 2017

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Health Grade Components

Overall
FDIC Certificate #	21074
Year Established	1973
Employees	138
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.22%
Return on Equity - YTD	11.29%
Annual Interest Income	$4.9MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$424.1MM$344.4MM
Loans	Q1 2017vs Q1 2016	$203.7MM$125.3MM
Deposits	Q1 2017vs Q1 2016	$351.5MM$278.8MM
Equity Capital	Q1 2017vs Q1 2016	$45.8MM$35.6MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$2.7MM$2.2MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$3.7MM$2.7MM
Real Estate Owned	Q1 2017vs Q1 2016	$1.3MM$772.00K

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Texas Bank (TX) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$100	-	Regular Savings
0.20%	-	-	Senior Savings
0.20%	-	-	Student Savings

Texas Bank (TX) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%^*	$10k^*	-	Advantage Money Market
OTHER TIERS: 0.20% → Up to $2,500 \| 0.30% → $2,500 - $10k
0.85%^*	$10k^*	-	Business Money Market
OTHER TIERS: 0.20% → Up to $2,500 \| 0.30% → $2,500 - $10k

Texas Bank (TX) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	-	$25k	Texas Reward Checking
OTHER TIERS: 0.20% → $25k+
0.25%	$750	-	Interest Checking
0.25%	$750	-	Business Interest Checking

Texas Bank (TX) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.86%	$500	-	5 Year CD
1.61%	$500	-	4 Year CD
1.36%	$500	-	3 Year CD
1.26%	$500	-	2 Year CD
1.26%	$500	-	30 Month CD
1.00%	$500	-	1 Year CD
1.00%	$500	-	18 Month CD
0.60%	$500	-	180 Day CD
0.50%	$500	-	90 Day CD
0.30%	$500	-	30 Day CD

Texas Bank (TX) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.86%	$500	-	5 Year IRA
1.61%	$500	-	4 Year IRA
1.36%	$500	-	3 Year IRA
1.26%	$500	-	2 Year IRA
1.26%	$500	-	30 Month IRA
1.00%	$500	-	24 Months Advantage IRA
1.00%	$500	-	1 Year IRA
1.00%	$500	-	18 Month IRA
0.60%	$500	-	6 Month IRA

Locations

Texas Bank (TX) Locations
Texas Bank	1120 Highway 79 North	Henderson, TX 75652
Convenience Center Branch	1815 Hwy 79 S.	Henderson, TX 75654
Tatum Branch	230 West Johnson Street	Tatum, TX 75691
Longview Branch	4018 Estes Parkway	Longview, TX 75607
Nacogdoches Branch	500 North Street	Nacogdoches, TX 75961
Rhones Quarter Rd. Branch	5101 Rhones Quarter Rd.	Tyler, TX 75707
Downtown Henderson Branch	605 S. Main	Henderson, TX 75654
Frisco Branch	7700 Main Street	Frisco, TX 75033
Prosper Branch	805 East 1st Street	Prosper, TX 75078