Beal Bank, SSB

6000 Legacy Drive
Plano, TX 75024

Notable Rates APY Vs.Others
Savings 0.25% 1.90% →
1-Year CD 0.95% 1.90% →
2-Year CD 1.55% 1.95% →
5-Year CD 1.55% 2.25% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Beal Bank, SSB is an FDIC insured institution located in Plano, TX. It was founded in 1988 and has approximately $1.59 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 32574
Date Established 1988
Assets $1.59 billion
Loans $1.02 billion
Deposits $1.03 billion
Capital $0.45 billion

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

Deposit Rates - April 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
1.00% $1,000 $24,999 Learn MoreShow Less
Money Market
1.51% $25,000 - Learn MoreShow Less
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less

Fixed IRA
0.95% $1,000 - Learn MoreShow Less

Loan Rates - April 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Beal Bank, SSB

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Beal Bank, SSB
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Financial Details

Beal Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beal Bank, SSB. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Beal Bank, SSB U.S. Bank Average
18.52% 6.70%

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 September 30, 2019, Beal Bank, SSB had $70,547,000 in non-current loans and $15,246,000 in owned real estate. To cover these potential losses it had $454,820,000 in equity and $8,438,000 in loans loss reserves. That gives it a Texas Ratio of 18.52%.

Return on Equity
Beal Bank, SSB U.S. Bank Average
-0.93% 9.72%

Beal Bank, SSB has a Return on Equity of -0.93% versus the BestCashCow average of 9.72%. 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.

Beal Bank, SSB U.S. Bank Average
28.54% 12.89%

Beal Bank, SSB has a Capitalization of 28.54% versus the BestCashCow average of 12.89. 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.

Beal Bank, SSB Balance Sheet Analysis

As of September 30, 2019, Beal Bank, SSB had assets of $1,593,604,000, loans of $1,016,214,000, and deposits of $1,028,433,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.14 billion
Interest-bearing balances $0.14 billion
Total securities $0.22 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.02 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.16 billion
     Total Assets $1.14 billion
Total deposits $1.03 billion
      Interest-bearing deposits $0.97 billion
      Deposits held in domestic offices $1.03 billion
      % insured (estimated) 56.35%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.05 billion
      Total Liabilities $1.14 billion
      Shareholders’ Equity $0.45 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.09 billion
Total Interest Expense $0.02 billion
Net interest income $0.07 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $-0.04 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $-0.01 billion

Bank Loan Profile?

The top three loan types in Beal Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Texas, Beal Bank, SSB has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 64.58
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.93
Construction and Development Loans 0.04
Commercial Real Estate 1.76
Commercial and Industrial Loans 25.60
Farm Loans 0.00

Frequently Asked Questions About Beal Bank, Ssb

Branches and Savings

Is Beal Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #32574.

Why does Beal Bank, Ssb pay such low interest on savings accounts?

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

Why are Beal Bank, Ssb CD rates not competitive?

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

Is Beal Bank, Ssb a commercial bank?


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Does Beal Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Beal Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Beal Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Beal Bank, Ssb offer student loans?

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Background on The Bank

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Will Beal Bank, Ssb accept loose change?

Where is Beal Bank, Ssb headquarters?

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