TexasBank is headquartered in Brownwood and is the 130th largest bank in the state of Texas. It is also the 1,451st largest bank in the nation. It was established in 1966 and as of June of 2020, it had grown to 123 employees at 10 locations. TexasBank has an A+ health rating.
Great little bank
I have had a checking account with this bank for over 10 years. They do not charge monthly fees, which I appreciate. When my debit card was compromised they alerted me immediately and replaced my card the same day. They have been very kind and professional about some overdrafts and even subtracted some overdraft fees for me. There was one occasion where my landlord told me she would hold my rent check for an extra day until I got paid, but then deposited it anyway. The lady at the bank was incredibly kind and helpful about trying to stop the check before it went through. She was not at all accusatory and did her best to stop it. She was unable to stop it, but did refund my fee. I use the app frequently as it is very helpful to keep an eye on my account.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19559 |
| Year Established | 1966 |
| Employees | 123 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.26% |
| Return on Equity - YTD | 17.38% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $566.1MM$499.3MM |
| Loans | Q2 2020vs Q2 2019 | $374.2MM$365.9MM |
| Deposits | Q2 2020vs Q2 2019 | $492.4MM$429.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $69.5MM$67.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $5.0MM$5.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $558.00K$845.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |