Texas First Bank

Headquarters

3232 Palmer Hwy
Texas City, TX 77590
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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% →

2024 Overview

General Bank Information

Texas First Bank is an FDIC insured institution located in Texas City, TX. It was founded in 1982 and has approximately $2.24 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 23799
Date Established 1982
Assets $ 2.24 billion
Loans $ 1,245.47 million
Deposits $ 1,931.05 million
Capital $ 196.61 million
 

For a more detailed analysis of Texas First Bank'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

Checking Rates APY MIN FEE
Kasasa Cash Checking 2.00% $0 $0.00 Learn MoreShow Less

Loan Rates - December 22, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Texas First Bank

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
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District Lending
NMLS ID: 1835285
6.494% 6.375%
0.75 points
$4,000 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.863% 6.750%
1.00 points
$3,705 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250%
0.75 points
$2,400 fees
$2,183 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Texas First Bank
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Branches

Texas First Bank 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



Climate Policy and Initiatives

Texas First Bank 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

Texas First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Texas First Bank. 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
Texas First Bank U.S. Bank Average
1.65% 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, Texas First Bank had $3,515,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $196,614,000 in equity and $16,961,000 in loans loss reserves. That gives it a Texas Ratio of 1.65%.

Return on Equity
Texas First Bank U.S. Bank Average
11.01% 10.46%

Texas First Bank has a Return on Equity of 11.01% 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
Texas First Bank U.S. Bank Average
8.77% 10.84%

Texas First Bank has a Capitalization of 8.77% 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.

Texas First Bank Balance Sheet Analysis

As of June 30, 2024, Texas First Bank had assets of $2,241,142,000, loans of $1,245,469,000, and deposits of $1,931,048,000. 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 $ 77.84 million
Interest-bearing balances $ 24.20 million
Total securities $ 805.76 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,245.47 million
Loan loss allowance $ 16.96 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 17.43 million
All other assets $ 49.58 million
     Total Assets $ 2.04 billion
LIABILITIES
Total deposits $ 1,931.05 million
      Interest-bearing deposits $ 1,198.63 million
      Deposits held in domestic offices $ 1,931.05 million
      % insured (estimated) 52.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.79 million
      Total Liabilities $ 2.04 billion
      Shareholders’ Equity $ 196.61 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 50.82 million
Total Interest Expense $ 19.29 million
Net interest income $ 31.53 million
Provision for loan and lease losses $ 0.65 million
Total non interest income $ 6.07 million
Total non interest expense $ 26.14 million
Pre-tax Net Operating Income $ 16.23 million

Bank Loan Profile?

The top three loan types in Texas First Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks, Texas First Bank’s loan portfolio does not show any specific loan specialty.

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 11.63
Multifamily
Mortgages
1.38
Credit Card Loans 0.17
Consumer Auto Loans 0.05
Small Business Loans 8.93
Construction and Development Loans 13.84
Commercial Real Estate 35.38
Commercial and Industrial Loans 14.45
Farm Loans 1.48

Customer Reviews for Texas First Bank


  • January 23, 2021 |

    This is the WORST bank ever!! We had a substantial amount of money taken from our accounts. When we first discovered it, we immediately met with Sue Hearn, VP in The Woodlands. Her first reaction was to play "detective" and immediately look at my husband and I as the criminals. Her questioning was beyond belief! Needless to say, it took 7 weeks for us to get our monies returned. Speaking to the CEO, Christopher Doyle was like talking to a Kindergartener. We got no where with him but empty promises. Then they had us talk with their investigator, Clay Perry. He was the only one who had any common sense in doing what was the right thing to do and that was to get us our money back.
    There is absolutely ZERO security at this bank. You put your money there and your entire identity is GREATLY AT RISK! The person(s) who stole our money were able to change our bank profile and did in September 2020 and we were not notified until December 7, 2020. When the funds were removed and it is a very large sum we WERE NEVER NOTIFIED. It wasn't until we looked at the account. They had a girl named Jade who "supposedly" tried to call 1 of the 3 phone numbers which just happened to belong to the "International Money Fund," a scam number but she did not have enough sense to call the other 2 phone numbers.
    Also, Sue Hearn, the VP "accidentally" emailed me "personal and confidential" information regarding their employees. What kind of security is that? Then Sue had the audacity to email me and tell me to "disregard because it was inadvertently sent to me." Are you kidding? Again, ZERO ZERO SECURITY AT THIS BANK!!!!
    If you have an account here, BEWARE!! Should your identity get stolen from this bank, be prepared to wait and wait and wait. You will be treated as a "criminal" rather than the victim. There is absolutely no integrity with Sue Hearn, Robin McDougald and Christopher Doyle. This bank needs to be reported and if you think that being insured by the FDIC will get your money you are sadly mistaken. As Christopher Doyle stated, "if our bank did not do this, there is nothing we can do." Meaning, you will LOSE ALL YOUR MONIES WITH THIS BANK!
    Take this seriously and get out of any association with Texas First Bank!


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