State Bank of Texas is an FDIC insured institution headquartered at
11950 Webb Chapel Rd, Dallas, TX 75234.
It was founded in
1987 and has approximately $2 billion in
assets. Customers can open an account at one of its 6 branches.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
97% of borrowers would recommend to friends or family
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2023
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 27074
Date Established
1987
Assets
$ 2.19 billion
Loans
$ 1,769.92 million
Deposits
$ 1,807.79 million
Capital
$ 303.18 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 187.07 million
Interest-bearing balances
$ 124.73 million
Total securities
$ 151.74 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 1,769.92 million
Loan loss allowance
$ 20.95 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
N.A.
All other assets
$ 39.80 million
Total Assets
$ 1,888.19 million
LIABILITIES
Total deposits
$ 1,807.79 million
Interest-bearing deposits
$ 1,675.89 million
Deposits held in domestic offices
$ 1,807.79 million
% insured (estimated)
65.27%
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 millionn
Total Liabilities
$ 1,888.19 million
Shareholders’ Equity
$ 303.18 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 99.28 million
Total Interest Expense
$ 32.40 million
Net interest income
$ 66.88 million
Provision for loan and lease losses
$ 2.30 million
Total non interest income
$ 4.09 million
Total non interest expense
$ 13.83 million
Pre-tax Net Operating Income
$ 28.86 million
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State Bank of Texas and are not subject to approval of RatesAndInfo.com.
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Customer Reviews for State Bank of Texas (2)
Rated 1.00 stars out of 5 - based on 2 reviews
misleading01
January 8, 2022 |
This is misleading to list this on this site. The account cannot be easily opened online. Wouldn't mess with it unless I were playing with millions anyway. And, then I wouldn't mess with it because who knows whether it is a safe bank. Just not worth the extra hassles. They don't even answer the phone.
TexanForever
September 19, 2021 |
Big name to inspire confidence, but a little poorly run bank behind it. I wasted my time trying to squeeze a few extra pennies out of my dollars. Not worthwhile to chase this one, especially after considering after-tax benefit and endless amounts of time trying to get answers to simple questions.
misleading01
January 8, 2022 |
This is misleading to list this on this site. The account cannot be easily opened online. Wouldn't mess with it unless I were playing with millions anyway. And, then I wouldn't mess with it because who knows whether it is a safe bank. Just not worth the extra hassles. They don't even answer the phone.
TexanForever
September 19, 2021 |
Big name to inspire confidence, but a little poorly run bank behind it. I wasted my time trying to squeeze a few extra pennies out of my dollars. Not worthwhile to chase this one, especially after considering after-tax benefit and endless amounts of time trying to get answers to simple questions.