State Bank of Texas
Headquarters
111 W John Carpenter Frwy
Irving, TX 75039
See all branch locations →
Reviewed by Maricia | October 5, 2023 |
CDs
12 Month
Rates
You need to specifically indicate what you are applying your money to when you take out an account here. You could make a mistake and put your money on a lesser rate product than what's advertised. Otherwise its a great option for savers.
2024 Overview
General Bank Information
State Bank of Texas is an FDIC insured institution located in Irving, TX. It was founded in 1987 and has approximately $2.73 billion in assets. Customers can open an account at one of its 6 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 27074 |
| Date Established | 1987 |
| Assets | $ 2.73 billion |
| Loans | $ 2.20 billion |
| Deposits | $ 2.32 billion |
| Capital | $ 375.79 million |
For a more detailed analysis of State Bank of Texas's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for State Bank of Texas
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1429043 License#: RM.804500.000 |
6.415% |
6.250% 0.75 points $5,600 fees |
$1,971 | Learn More |
NMLS ID: 66247 |
6.576% |
6.500% 0.75 points $2,544 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.953% |
6.875% 0.63 points $2,534 fees |
$2,103 | Learn More |
NMLS ID: 2890 License#: MBMB.850089.000 |
6.989% |
6.875% 0.88 points $3,721 fees |
$2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
10.625 %
After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to State Bank of Texas
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
State Bank of Texas branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
State Bank of Texas Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 285.93 | A | View Lobby Hours | |
| 294.94 | B | View Lobby Hours | |
| 872.64 | C | View Lobby Hours | |
| 874.47 | D | View Lobby Hours | |
| 882.04 | E | View Lobby Hours | |
| 888.42 | F | View Lobby Hours |
Climate Policy and Initiatives
State Bank of Texas is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
State Bank of Texas Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of State Bank of Texas. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| State Bank of Texas | U.S. Bank Average |
|---|---|
| 12.5% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, State Bank of Texas had $45,982,000 in non-current loans and $3,803,000 in owned real estate. To cover these potential losses it had $375,787,000 in equity and $22,517,000 in loans loss reserves. That gives it a Texas Ratio of 12.5%.
Return on Equity
| State Bank of Texas | U.S. Bank Average |
|---|---|
| 33.64% | 10.46% |
State Bank of Texas has a Return on Equity of 33.64% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| State Bank of Texas | U.S. Bank Average |
|---|---|
| 13.75% | 10.84% |
State Bank of Texas has a Capitalization of 13.75% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
State Bank of Texas Balance Sheet Analysis
As of June 30, 2024, State Bank of Texas had assets of $2,732,541,000, loans of $2,200,618,000, and deposits of $2,322,578,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 290.28 million |
| Interest-bearing balances | $ 232.55 million |
| Total securities | $ 150.38 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.20 billion |
| Loan loss allowance | $ 22.52 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 3.80 million |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 39.80 million |
| Total Assets | $ 2.36 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.32 billion |
| Interest-bearing deposits | $ 2.19 billion |
| Deposits held in domestic offices | $ 2.32 billion |
| % insured (estimated) | 73.38% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 80.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 5.13 million |
| Total Liabilities | $ 2.36 billion |
| Shareholders’ Equity | $ 375.79 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 127.71 million |
| Total Interest Expense | $ 56.28 million |
| Net interest income | $ 71.42 million |
| Provision for loan and lease losses | $ 0.85 million |
| Total non interest income | $ 4.73 million |
| Total non interest expense | $ 13.14 million |
| Pre-tax Net Operating Income | $ 28.86 million |
Bank Loan Profile?
The top three loan types in State Bank of Texas’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Small Business Loans.
Compared to other banks in Texas, State Bank of Texas has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 1.63 | ✓ | ||
| Multifamily Mortgages |
0.15 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.03 | ✓ | ||
| Small Business Loans | 3.07 | ✓ | ||
| Construction and Development Loans | 6.27 | ✓ | ||
| Commercial Real Estate | 49.92 | ✓ | ||
| Commercial and Industrial Loans | 0.49 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
*Should any logos, images or public notes appear on this page,they do so courtesy of State Bank of Texas and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for State Bank of Texas (12)
Maricia
October 5, 2023 |
You need to specifically indicate what you are applying your money to when you take out an account here. You could make a mistake and put your money on a lesser rate product than what's advertised. Otherwise its a great option for savers.
Is this review helpful? Yes:0 / No: 0
IrishinTX
January 19, 2023
People read what you are looking at . . . this section is for CD's not money market accounts. Two different investments types, CD covered by insurance and money markets are not. Know what you are doing and use the correct language before giving anyone your money.
However, no one should be surprised that the increased interest rates are very seldom passed on to the customer based on pure greed for profits or anticipated loan defaults. The higher the interest rate on loans & credit cards and low interest rates on savings, the more likely your money is at risk as FDIC back in 1987 said they didn't have the $150,000 to cover account loses. So what makes anyone believe the FDIC will able to cover $250,000 per account holder name. Hence if you have a $250,000 CD and a joint checking account with husband, you only get $250,000 coverage if you are lucky and forfeit half of the money in the checking if and when the bank fails. A little financial education goes a long way. So also check out a bank's derivative exposure, which puts them at greater risk of failure.
https://www.usbanklocations.com/bank-rank/derivatives.html
Is this review helpful? Yes:1 / No: 0
islanddoc808
June 3, 2022 | | Replies 1
Do not use this bank! Their money market accounts were showing online as some of the highest in the country so I opened an account. I noticed ongoing advertising of high rates but did not see these high rates being paid to my account. When I called "Christina" the "assistant manager" she said "those higher rates are for a 'different product'". Different product? Ridiculous! I had deposited the max covered by FDIC! She was also very obnoxious and kept interrupting me constantly so I could barely say anything. Also, when I requested a form to wire my money out of the account, she refused and said someone else would have to call and ID me and send me the form. AVOID THIS BANK AT ALL COSTS!
Is this review helpful? Yes:2 / No: 0
| Jul 25, 2022
I'm sorry for your experience. Please feel free to contact Tera Jennings at 972.252.6000 to resolve this matter.
Rob
January 15, 2022 |
It would be insanity to lock into a 1-year CD at 0.85 with this "bank" when they are paying 0.75% on a savings account and the Fed is going to hike to at least 1% by the middle of the year (and both CD and savings rates will be higher by then).
Is this review helpful? Yes:2 / No: 1
misleading01
January 8, 2022
This is misleading to list this on this site. The account cannot be easily opened online. They don't even answer the phone.
Is this review helpful? Yes:2 / No: 1
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