Greater State Bank

Headquarters

3300 North 10th Street
Mcallen, TX 78501
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 1.51% 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

Greater State Bank is an FDIC insured institution located in Mcallen, TX. It was founded in 1974 and has approximately $0.09 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 31762
Date Established 1974
Assets $ 89.07 million
Loans $ 63.55 million
Deposits $ 80.90 million
Capital $ 7.94 million
 

For a more detailed analysis of Greater State Bank'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: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.26% $100,000 $199,999 Learn More
60 Mo CD
1.26% $10,000 $14,999 Learn More
60 Mo CD
1.51% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Greater State Bank

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
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.567% 2.500% 0.88 $2,216 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Greater State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Greater State Bank 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:
Ashburn,Virginia


Greater State Bank Locations


Financial Details

Greater State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Greater State Bank. 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
Greater State Bank U.S. Bank Average
6.15% 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, Greater State Bank had $366,000 in non-current loans and $158,000 in owned real estate. To cover these potential losses it had $7,940,000 in equity and $584,000 in loans loss reserves. That gives it a Texas Ratio of 6.15%.

Return on Equity
Greater State Bank U.S. Bank Average
4.88% 7.80%

Greater State Bank has a Return on Equity of 4.88% 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
Greater State Bank U.S. Bank Average
8.91% 12.68%

Greater State Bank has a Capitalization of 8.91% 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.

Greater State Bank Balance Sheet Analysis

As of March 31, 2020, Greater State Bank had assets of $89,071,000, loans of $63,551,000, and deposits of $80,899,000. 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 $ 13.92 million
Interest-bearing balances $ 11.90 million
Total securities $ 7.49 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 63.55 million
Loan loss allowance $ 0.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles N.A.
All other assets $ 0.53 million
     Total Assets $ 81.13 million
LIABILITIES
Total deposits $ 80.90 million
      Interest-bearing deposits $ 58.69 million
      Deposits held in domestic offices $ 80.90 million
      % insured (estimated) 74.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.23 million
      Total Liabilities $ 81.13 million
      Shareholders’ Equity $ 7.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.11 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.92 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.16 million
Total non interest expense $ 0.94 million
Pre-tax Net Operating Income $ 0.13 million

Bank Loan Profile?

The top three loan types in Greater State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Texas, Greater State Bank has a significantly higher percent of 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.86
Multifamily
Mortgages
11.32
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 0.00
Construction and Development Loans 6.55
Commercial Real Estate 43.19
Commercial and Industrial Loans 14.30
Farm Loans 0.36

Frequently Asked Questions About Greater State Bank

Branches and Savings

Is Greater State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31762.

Why does Greater State Bank pay such low interest on savings accounts?

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

Why are Greater State Bank CD rates not competitive?

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

Is Greater State Bank a commercial bank?

Yes

Where are Greater State Bank locations?

See branch locations nearby.

Is Greater State Bank open on Saturdays?

Is Greater State Bank open on Sundays?

What time does Greater State Bank open?

What time does Greater State Bank close?

Are Greater State Bank ATMs Open 24/7?

Do Greater State Bank ATMs accept cash deposits?

Can Greater State Bank customers use other ATMs?

Do Greater State Bank branches have notaries?

Will Greater State Bank notarize my document?

What address for Greater State Bank should I put for incoming ACH transfers?

Will the Greater State Bank branch print checks?

Do Greater State Bank checks expire?

Does Greater State Bank require US citizenship to open account?

Can Greater State Bank close my account?

Does Greater State Bank Report to credit bureaus?

Does Greater State Bank Use Equifax?

What is Greater State Bank's ACH Routing Number?

What is Greater State Bank's SWIFT code?

Products

Does Greater State Bank offer mortgages?

Compare mortgage rates here.

Does Greater State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Greater State Bank offer personal loans?

Compare personal loan rates here.

Does Greater State Bank offer student loans?

Will Greater State Bank cash a check?

Will Greater State Bank redeem a savings bond?

Does Greater State Bank cash savings bonds?

Will Greater State Bank cash money orders?

Can Greater State Bank issue a money order?

Does Greater State Bank do currency exchange?

Background on The Bank

Who owns Greater State Bank?

How long has Greater State Bank been around?

Can Greater State Bank transfer to other banks?

Does Greater State Bank have quick pay?

Does Greater State Bank accept rolled coins?

Will Greater State Bank accept loose change?

Where is Greater State Bank headquarters?

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