Banks | State Bank of Texas

State Bank of Texas

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State Bank of Texas Locations

Deposit Rates - May 19, 2022

CD RATES APY MIN
12 Mo CD
1.35% $100,000 Compare
MM RATES APY MIN
Money Market
0.75% $100,000 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27074
Date Established 1987
Assets $ 1,322.13 million
Loans $ 1,057.44 million
Deposits $ 1,077.42 million
Capital $ 199.65 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 170.42 million
Interest-bearing balances $ 127.10 million
Total securities $ 43.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,057.44 million
Loan loss allowance $ 13.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.75 million
Goodwill and other intangibles N.A.
All other assets $ 36.32 million
     Total Assets $ 1,122.49 million

LIABILITIES
Total deposits $ 1,077.42 million
      Interest-bearing deposits $ 946.20 million
      Deposits held in domestic offices $ 1,077.42 million
      % insured (estimated) 62.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 40.35 million
Subordinated debt N.A.
All other liabilities $ 4.72 millionn
      Total Liabilities $ 1,122.49 million
      Shareholders’ Equity $ 199.65 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 65.00 million
Total Interest Expense $ 5.74 million
Net interest income $ 59.26 million
Provision for loan and lease losses $ 2.98 million
Total non interest income $ 8.63 million
Total non interest expense $ 15.11 million
Pre-tax Net Operating Income $ 49.81 million

State Bank of Texas is an FDIC insured institution headquartered at 11950 Webb Chapel Road, Dallas, TX 75234.
It was founded in 1987 and has approximately $1 billion in assets. Customers can open an account at one of its 6 branches.


*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 RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

Customer Reviews for State Bank of Texas (2)

Rated 1.00 stars out of 5 - based on 2 reviews

  • 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.

  • 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.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    State Bank of Texas
    Bank
    TEXAS
    $50,000
    12 Month
    1.35%
    3.35x (National Avg. - 0.40%)
    $100,000
    -
    SCENARIO
    Year Rate
    1.35%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 675 473
    2 50,675 684 479
    3 51,359 693 485
    4 52,052 703 492
    5 52,755 712 499
    6 53,467 722 505
    7 54,189 732 512
    8 54,921 741 519
    9 55,662 751 526
    10 56,414 762 533
    11 57,175 772 540
    12 57,947 782 548
    13 58,729 793 555
    14 59,522 804 562
    15 60,326 814 570
    16 61,140 825 578
    17 61,966 837 586
    18 62,802 848 593
    19 63,650 859 601
    20 64,509 871 610
    TOTAL $15,380 $10,766
  • 2
    ONLINE CD
    Citizens Access , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.30%
    3.23x (National Avg. - 0.40%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 650 455
    2 50,650 658 461
    3 51,308 667 467
    4 51,975 676 473
    5 52,651 684 479
    6 53,336 693 485
    7 54,029 702 492
    8 54,731 712 498
    9 55,443 721 505
    10 56,164 730 511
    11 56,894 740 518
    12 57,633 749 524
    13 58,383 759 531
    14 59,142 769 538
    15 59,910 779 545
    16 60,689 789 552
    17 61,478 799 559
    18 62,277 810 567
    19 63,087 820 574
    20 63,907 831 582
    TOTAL $14,738 $10,317


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