I Bank Texas, SSB

Headquarters

3209 Ranch Road 620 South
Austin, TX 78738
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

I Bank Texas, SSB is an FDIC insured institution located in Austin, TX. It was founded in 2005 and has approximately $0.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58014
Date Established 2005
Assets $ 157.70 million
Loans $ 115.84 million
Deposits $ 122.88 million
Capital $ 22.11 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for I Bank Texas, SSB

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to I Bank Texas, SSB
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Branches

I Bank Texas, SSB 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:
Fairfield,Connecticut


I Bank Texas, SSB Locations


Financial Details

I Bank Texas, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of I Bank Texas, SSB. 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
I Bank Texas, SSB U.S. Bank Average
12.86% 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, I Bank Texas, SSB had $2,740,000 in non-current loans and $416,000 in owned real estate. To cover these potential losses it had $22,108,000 in equity and $2,442,000 in loans loss reserves. That gives it a Texas Ratio of 12.86%.

Return on Equity
I Bank Texas, SSB U.S. Bank Average
18% 7.80%

I Bank Texas, SSB has a Return on Equity of 18% 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
I Bank Texas, SSB U.S. Bank Average
14.02% 12.68%

I Bank Texas, SSB has a Capitalization of 14.02% 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.

I Bank Texas, SSB Balance Sheet Analysis

As of March 31, 2012, I Bank Texas, SSB had assets of $157,797,000, loans of $115,836,000, and deposits of $122,875,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 115.84 million
Loan loss allowance $ 2.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.42 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 122.88 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 157.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in I Bank Texas, SSB’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, I Bank Texas, SSB’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About I Bank Texas, Ssb

Branches and Savings

Is I Bank Texas, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #58014.

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

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

Why are I Bank Texas, Ssb CD rates not competitive?

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

Is I Bank Texas, Ssb a commercial bank?

Yes

Where are I Bank Texas, Ssb locations?

See branch locations nearby.

Is I Bank Texas, Ssb open on Saturdays?

Is I Bank Texas, Ssb open on Sundays?

What time does I Bank Texas, Ssb open?

What time does I Bank Texas, Ssb close?

Are I Bank Texas, Ssb ATMs Open 24/7?

Do I Bank Texas, Ssb ATMs accept cash deposits?

Can I Bank Texas, Ssb customers use other ATMs?

Do I Bank Texas, Ssb branches have notaries?

Will I Bank Texas, Ssb notarize my document?

What address for I Bank Texas, Ssb should I put for incoming ACH transfers?

Will the I Bank Texas, Ssb branch print checks?

Do I Bank Texas, Ssb checks expire?

Does I Bank Texas, Ssb require US citizenship to open account?

Can I Bank Texas, Ssb close my account?

Does I Bank Texas, Ssb Report to credit bureaus?

Does I Bank Texas, Ssb Use Equifax?

What is I Bank Texas, Ssb's ACH Routing Number?

What is I Bank Texas, Ssb's SWIFT code?

Products

Does I Bank Texas, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does I Bank Texas, Ssb offer personal loans?

Compare personal loan rates here.

Does I Bank Texas, Ssb offer student loans?

Will I Bank Texas, Ssb cash a check?

Will I Bank Texas, Ssb redeem a savings bond?

Does I Bank Texas, Ssb cash savings bonds?

Will I Bank Texas, Ssb cash money orders?

Can I Bank Texas, Ssb issue a money order?

Does I Bank Texas, Ssb do currency exchange?

Background on The Bank

Who owns I Bank Texas, Ssb?

How long has I Bank Texas, Ssb been around?

Can I Bank Texas, Ssb transfer to other banks?

Does I Bank Texas, Ssb have quick pay?

Does I Bank Texas, Ssb accept rolled coins?

Will I Bank Texas, Ssb accept loose change?

Where is I Bank Texas, Ssb headquarters?

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