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Texas Exchange Bank

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Texas Exchange Bank Locations

Deposit Rates - July 6, 2022

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 20099
Date Established 1970
Assets $ 3.24 billion
Loans $ 874.14 million
Deposits $ 1,844.50 million
Capital $ 279.52 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 383.25 million
Interest-bearing balances $ 381.09 million
Total securities $ 797.66 million
Federal funds sold and reverse repurchase $ 924.93 million
Net loans and leases $ 874.14 million
Loan loss allowance $ 13.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.80 million
All other assets $ 259.74 million
     Total Assets $ 2.96 billion

LIABILITIES
Total deposits $ 1,844.50 million
      Interest-bearing deposits $ 1,806.95 million
      Deposits held in domestic offices $ 1,844.50 million
      % insured (estimated) 98.44%
Federal funds purchased and repurchase agreements $ 187.67 million
Trading liabilities N.A.
Other borrowed funds $ 925.00 million
Subordinated debt N.A.
All other liabilities $ 4.95 millionn
      Total Liabilities $ 2.96 billion
      Shareholders’ Equity $ 279.52 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 67.62 million
Total Interest Expense $ 15.44 million
Net interest income $ 52.18 million
Provision for loan and lease losses $ 4.29 million
Total non interest income $ 13.23 million
Total non interest expense $ 11.50 million
Pre-tax Net Operating Income $ 49.62 million

Texas Exchange Bank is an FDIC insured institution headquartered at 109 N Crowley Road, Crowley, TX 76036.
It was founded in 1970 and has approximately $3 billion in assets. Customers can open an account at one of its 2 branches.

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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 SAVINGS
    Texas Exchange Bank, ssb
    Bank
    TEXAS
    $50,000
    N.A.
    0.10%
    0.85x (National Avg. - 0.12%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.10%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 50 35
    2 50,050 50 35
    3 50,100 50 35
    4 50,150 50 35
    5 50,200 50 35
    6 50,251 50 35
    7 50,301 50 35
    8 50,351 50 35
    9 50,401 50 35
    10 50,452 50 35
    11 50,502 51 35
    12 50,553 51 35
    13 50,603 51 35
    14 50,654 51 35
    15 50,705 51 35
    16 50,755 51 36
    17 50,806 51 36
    18 50,857 51 36
    19 50,908 51 36
    20 50,959 51 36
    TOTAL $1,010 $707
  • 2
    ONLINE SAVINGS
    Citizens Access , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    1.25%
    10.68x (National Avg. - 0.12%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 625 438
    2 50,625 633 443
    3 51,258 641 449
    4 51,899 649 454
    5 52,547 657 460
    6 53,204 665 466
    7 53,869 673 471
    8 54,543 682 477
    9 55,224 690 483
    10 55,915 699 489
    11 56,614 708 495
    12 57,321 717 502
    13 58,038 725 508
    14 58,763 735 514
    15 59,498 744 521
    16 60,241 753 527
    17 60,994 762 534
    18 61,757 772 540
    19 62,529 782 547
    20 63,310 791 554
    TOTAL $14,102 $9,871
  • 3
    ONLINE SAVINGS
    Bask Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    1.61%
    13.76x (National Avg. - 0.12%)
    $0
    -
    SCENARIO
    Year Rate
    1.61%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 805 564
    2 50,805 818 573
    3 51,623 831 582
    4 52,454 845 591
    5 53,299 858 601
    6 54,157 872 610
    7 55,029 886 620
    8 55,915 900 630
    9 56,815 915 640
    10 57,730 929 651
    11 58,659 944 661
    12 59,603 960 672
    13 60,563 975 683
    14 61,538 991 694
    15 62,529 1,007 705
    16 63,536 1,023 716
    17 64,558 1,039 728
    18 65,598 1,056 739
    19 66,654 1,073 751
    20 67,727 1,090 763
    TOTAL $18,818 $13,172
  • 4
    ONLINE SAVINGS
    Ivy Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    1.70%
    14.53x (National Avg. - 0.12%)
    $2,500
    -
    SCENARIO
    Year Rate
    1.70%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 850 595
    2 50,850 864 605
    3 51,714 879 615
    4 52,594 894 626
    5 53,488 909 637
    6 54,397 925 647
    7 55,322 940 658
    8 56,262 956 670
    9 57,219 973 681
    10 58,191 989 692
    11 59,181 1,006 704
    12 60,187 1,023 716
    13 61,210 1,041 728
    14 62,250 1,058 741
    15 63,309 1,076 753
    16 64,385 1,095 766
    17 65,479 1,113 779
    18 66,593 1,132 792
    19 67,725 1,151 806
    20 68,876 1,171 820
    TOTAL $20,047 $14,033


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