Banks | Texas Exchange Bank

Texas Exchange Bank


Texas Exchange Bank is an FDIC insured institution headquartered at 109 N Crowley Rd, Crowley, TX 76036.
It was founded in 1970 and has approximately $4 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - December 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 $ 3.81 billion
Loans $ 1,050.47 million
Deposits $ 2.05 billion
Capital $ 255.30 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 181.68 million
Interest-bearing balances $ 179.23 million
Total securities $ 968.13 million
Federal funds sold and reverse repurchase $ 1,430.19 million
Net loans and leases $ 1,050.47 million
Loan loss allowance $ 15.76 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 $ 174.76 million
     Total Assets $ 3.55 billion

LIABILITIES
Total deposits $ 2.05 billion
      Interest-bearing deposits $ 2.01 billion
      Deposits held in domestic offices $ 2.05 billion
      % insured (estimated) 99.52%
Federal funds purchased and repurchase agreements $ 65.24 million
Trading liabilities N.A.
Other borrowed funds $ 1,410.00 million
Subordinated debt N.A.
All other liabilities $ 26.10 millionn
      Total Liabilities $ 3.55 billion
      Shareholders’ Equity $ 255.30 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 36.83 million
Total Interest Expense $ 8.83 million
Net interest income $ 28.01 million
Provision for loan and lease losses $ 2.24 million
Total non interest income $ 8.91 million
Total non interest expense $ 12.63 million
Pre-tax Net Operating Income $ 22.04 million

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Branches

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Texas Exchange Bank Locations

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%
    0.79x (National Avg. - 0.13%)
    $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
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    3.00%
    23.81x (National Avg. - 0.13%)
    $0
    -
    SCENARIO
    Year Rate
    3.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,500 1,050
    2 51,500 1,545 1,082
    3 53,045 1,591 1,114
    4 54,636 1,639 1,147
    5 56,275 1,688 1,182
    6 57,964 1,739 1,217
    7 59,703 1,791 1,254
    8 61,494 1,845 1,291
    9 63,339 1,900 1,330
    10 65,239 1,957 1,370
    11 67,196 2,016 1,411
    12 69,212 2,076 1,453
    13 71,288 2,139 1,497
    14 73,427 2,203 1,542
    15 75,629 2,269 1,588
    16 77,898 2,337 1,636
    17 80,235 2,407 1,685
    18 82,642 2,479 1,735
    19 85,122 2,554 1,788
    20 87,675 2,630 1,841
    TOTAL $40,306 $28,214
  • 3
    LOCAL SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    3.60%
    28.57x (National Avg. - 0.13%)
    $1,000
    -
    SCENARIO
    Year Rate
    3.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,800 1,260
    2 51,800 1,865 1,305
    3 53,665 1,932 1,352
    4 55,597 2,001 1,401
    5 57,598 2,074 1,451
    6 59,672 2,148 1,504
    7 61,820 2,226 1,558
    8 64,045 2,306 1,614
    9 66,351 2,389 1,672
    10 68,740 2,475 1,732
    11 71,214 2,564 1,795
    12 73,778 2,656 1,859
    13 76,434 2,752 1,926
    14 79,186 2,851 1,995
    15 82,036 2,953 2,067
    16 84,990 3,060 2,142
    17 88,049 3,170 2,219
    18 91,219 3,284 2,299
    19 94,503 3,402 2,381
    20 97,905 3,525 2,467
    TOTAL $51,430 $36,001


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