State Bank of Texas

Headquarters

111 W John Carpenter Frwy
Irving, TX 75039
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

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.

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

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 - December 22, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 22, 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: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 1025894	6.863%	6.750% 1.00 points $3,705 fees	$2,076	Learn More
NMLS ID: 3030	7.325%	7.250% 0.75 points $2,400 fees	$2,183	Learn More
NMLS ID: 491986		points fees		Learn More

See More Mortgage Rates →

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
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

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
Devon Branch	285.93	A	View Lobby Hours
O'hare International Airport Branch	294.94	B	View Lobby Hours
Garland Branch	872.64	C	View Lobby Hours
Richardson Branch	874.47	D	View Lobby Hours
State Bank Of Texas	882.04	E	View Lobby Hours
Irving Branch	888.42	F	View Lobby Hours

View Branches Nationwide →

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	✓

Customer Reviews for State Bank of Texas (12)

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.

Is this review helpful? Yes:0 / No: 0
IrishinTX

January 19, 2023

CDs 12 Month Rates

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 |

Online CDs 12 Month Rates

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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