Third Coast Bank, SSB

Overview / Commentary
20202 Hwy 59 North, Suite 190
Humble, TX 77338

Third Coast Bank, SSB is headquartered in Humble and is the 31st largest bank in the state of Texas. It is also the 348th largest bank in the nation. It was established in 2008 and as of June of 2022, it had grown to 353 employees at 13 locations. Third Coast Bank, SSB's savings rates are 8X the national average, and it boasts an A+ health rating.

Reviews (1)

So Far, So Good.

Posted by: |

I have online accounts at all the banks you see to the right, and more. I saw Third Coast was offering one of the best HYSA, so I checked it out. I am writing this long review because there are no other reviews. This is my understanding of the process. Third Coast is a member of a network of maybe a dozen banks and credit unions, jointly marketed by

Funds are actually held by Central Bank of Kansas City as well as Lewis and Clark Bank. According to Bauer Financial, they are both 5 star rated institutions. Yes, I always do my homework before I establish any accounts or initiate any transfers.

Savebetter, according to their website, is the U.S. operation of Deposit Solutions, a German company backed by Peter Thiel.

Account application for any of these banks or credit unions is actually performed on the website. The process was one of the easiest I have encountered. They do not use Plaid, so there is no giving of your bank login and password.

You supply the routing and account number of the external account you wish to set up. You establish an email address and a password, and the amount of the transfer, and Savebetter verifies your account. Once verified, the transfer is made.

Log into, and the main page displays the bank name and logo where you established your account. The balance, and the current yield. What is really like in addition to this transparency, is the ability to immediately transfer additional funds to any of the other banks or credit unions under the savebetter umbrella using your existing external account.

I decided to open an account at Western Alliance Bank, one of the member banks. I clicked on the bank, and immediately a page popped up allowing me to transfer funds from my previously established external account to Western Alliance.

Now, when I log into, both of those banks appear on my main page with account info and yield.

From the long-winded review, some might think I am affiliated with savebetter, and I am shilling for them. Not true. My only affiliation, is as a depositor, just like anyone else. Always do your own due diligence.


Health Grade Components

FDIC Certificate #58716
Year Established2008
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.13%
Annual Interest Income$59.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.36B$2.01B
LoansQ2 2022vs Q2 2021$2.72B$1.54B
DepositsQ2 2022vs Q2 2021$2.90B$1.79B
Equity CapitalQ2 2022vs Q2 2021$406.0MM$159.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$26.7MM$13.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$10.2MM$5.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$1.7MM
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Third Coast Bank, SSB Savings Account Rates

4.13%--High Yield Savings via SaveBetter


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