Bank of South Texas

Headquarters

1421 East Nolana Avenue
Mcallen, TX 78504
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.45% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 1.11% 0.95% →
5-Year CD 0.85% 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of South Texas is an FDIC insured institution located in Mcallen, TX. It was founded in 1986 and has approximately $0.14 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 26727
Date Established 1986
Assets $ 139.42 million
Loans $ 91.38 million
Deposits $ 120.84 million
Capital $ 17.75 million
 

For a more detailed analysis of Bank of South Texas's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.45% $2,500 $4,999 Learn More
Money Market
0.45% $2,500 $2,999 Learn More
Money Market
0.45% $10,000 $14,999 Learn More
Money Market
0.85% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
Special: 24 Mo CD
1.11% $1,000 - Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.45% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of South Texas

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Bank of South Texas
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Branches

Bank of South Texas 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:
Seattle,Washington


Bank of South Texas Locations


Financial Details

Bank of South Texas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of South Texas. 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
Bank of South Texas U.S. Bank Average
7.31% 6.94%

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 March 31, 2020, Bank of South Texas had $1,365,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,746,000 in equity and $932,000 in loans loss reserves. That gives it a Texas Ratio of 7.31%.

Return on Equity
Bank of South Texas U.S. Bank Average
2.47% 7.80%

Bank of South Texas has a Return on Equity of 2.47% versus the BestCashCow average of 7.80%. 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
Bank of South Texas U.S. Bank Average
12.73% 12.68%

Bank of South Texas has a Capitalization of 12.73% versus the BestCashCow average of 12.68. 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.

Bank of South Texas Balance Sheet Analysis

As of March 31, 2020, Bank of South Texas had assets of $139,417,000, loans of $91,376,000, and deposits of $120,840,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 26.66 million
Interest-bearing balances $ 11.14 million
Total securities $ 7.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 91.38 million
Loan loss allowance $ 0.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.48 million
All other assets $ 4.97 million
     Total Assets $ 121.67 million
LIABILITIES
Total deposits $ 120.84 million
      Interest-bearing deposits $ 80.51 million
      Deposits held in domestic offices $ 120.84 million
      % insured (estimated) 84.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.83 million
      Total Liabilities $ 121.67 million
      Shareholders’ Equity $ 17.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.05 million
Total Interest Expense $ 0.37 million
Net interest income $ 1.67 million
Provision for loan and lease losses $ 0.27 million
Total non interest income $ 0.33 million
Total non interest expense $ 1.59 million
Pre-tax Net Operating Income $ 0.14 million

Bank Loan Profile?

The top three loan types in Bank of South Texas’s loan portfolio are Construction and Development Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Texas, Bank of South Texas has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 32.19
Multifamily
Mortgages
5.23
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 0.00
Construction and Development Loans 35.45
Commercial Real Estate 18.82
Commercial and Industrial Loans 6.79
Farm Loans 0.00

Frequently Asked Questions About Bank Of South Texas

Branches and Savings

Is Bank Of South Texas FDIC insured?

Yes. It is covered under FDIC Certificate #26727.

Why does Bank Of South Texas pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of South Texas CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of South Texas a commercial bank?

Yes

Where are Bank Of South Texas locations?

See branch locations nearby.

Is Bank Of South Texas open on Saturdays?

Is Bank Of South Texas open on Sundays?

What time does Bank Of South Texas open?

What time does Bank Of South Texas close?

Are Bank Of South Texas ATMs Open 24/7?

Do Bank Of South Texas ATMs accept cash deposits?

Can Bank Of South Texas customers use other ATMs?

Do Bank Of South Texas branches have notaries?

Will Bank Of South Texas notarize my document?

What address for Bank Of South Texas should I put for incoming ACH transfers?

Will the Bank Of South Texas branch print checks?

Do Bank Of South Texas checks expire?

Does Bank Of South Texas require US citizenship to open account?

Can Bank Of South Texas close my account?

Does Bank Of South Texas Report to credit bureaus?

Does Bank Of South Texas Use Equifax?

What is Bank Of South Texas's ACH Routing Number?

What is Bank Of South Texas's SWIFT code?

Products

Does Bank Of South Texas offer mortgages?

Compare mortgage rates here.

Does Bank Of South Texas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of South Texas offer personal loans?

Compare personal loan rates here.

Does Bank Of South Texas offer student loans?

Will Bank Of South Texas cash a check?

Will Bank Of South Texas redeem a savings bond?

Does Bank Of South Texas cash savings bonds?

Will Bank Of South Texas cash money orders?

Can Bank Of South Texas issue a money order?

Does Bank Of South Texas do currency exchange?

Background on The Bank

Who owns Bank Of South Texas?

How long has Bank Of South Texas been around?

Can Bank Of South Texas transfer to other banks?

Does Bank Of South Texas have quick pay?

Does Bank Of South Texas accept rolled coins?

Will Bank Of South Texas accept loose change?

Where is Bank Of South Texas headquarters?

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