Preston State Bank

Headquarters

16980 N. Dallas Parkway, Suite 110
Dallas, TX 75248
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Preston State Bank is an FDIC insured institution located in Dallas, TX. It was founded in 2003 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57650
Date Established 2003
Assets $ 121.63 million
Loans $ 101.82 million
Deposits $ 96.98 million
Capital $ 23.72 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Preston State Bank

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
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
See Table
2.240 %
$0 Learn More
More Info

Note to Preston State Bank
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Branches

Preston 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:
Fairfield,Connecticut


Preston State Bank Locations


Financial Details

Preston State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Preston 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
Preston State Bank U.S. Bank Average
3.79% 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, Preston State Bank had $0 in non-current loans and $969,000 in owned real estate. To cover these potential losses it had $23,721,000 in equity and $1,858,000 in loans loss reserves. That gives it a Texas Ratio of 3.79%.

Return on Equity
Preston State Bank U.S. Bank Average
6.44% 7.80%

Preston State Bank has a Return on Equity of 6.44% 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
Preston State Bank U.S. Bank Average
19.5% 12.68%

Preston State Bank has a Capitalization of 19.5% 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.

Preston State Bank Balance Sheet Analysis

As of September 30, 2014, Preston State Bank had assets of $119,375,000, loans of $101,823,000, and deposits of $96,983,000. 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 $ 101.82 million
Loan loss allowance $ 1.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.97 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 96.98 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 $ 121.63 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 Preston State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Texas, Preston State Bank has a significantly higher percent of 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 18.06
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.61
Small Business Loans 4.72
Construction and Development Loans 20.30
Commercial Real Estate 36.37
Commercial and Industrial Loans 25.44
Farm Loans 0.00

Frequently Asked Questions About Preston State Bank

Branches and Savings

Is Preston State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57650.

Why does Preston 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 Preston State Bank CD rates not competitive?

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

Is Preston State Bank a commercial bank?

Yes

Where are Preston State Bank locations?

See branch locations nearby.

Is Preston State Bank open on Saturdays?

Is Preston State Bank open on Sundays?

What time does Preston State Bank open?

What time does Preston State Bank close?

Are Preston State Bank ATMs Open 24/7?

Do Preston State Bank ATMs accept cash deposits?

Can Preston State Bank customers use other ATMs?

Do Preston State Bank branches have notaries?

Will Preston State Bank notarize my document?

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

Will the Preston State Bank branch print checks?

Do Preston State Bank checks expire?

Does Preston State Bank require US citizenship to open account?

Can Preston State Bank close my account?

Does Preston State Bank Report to credit bureaus?

Does Preston State Bank Use Equifax?

What is Preston State Bank's ACH Routing Number?

What is Preston State Bank's SWIFT code?

Products

Does Preston State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Preston State Bank offer personal loans?

Compare personal loan rates here.

Does Preston State Bank offer student loans?

Will Preston State Bank cash a check?

Will Preston State Bank redeem a savings bond?

Does Preston State Bank cash savings bonds?

Will Preston State Bank cash money orders?

Can Preston State Bank issue a money order?

Does Preston State Bank do currency exchange?

Background on The Bank

Who owns Preston State Bank?

How long has Preston State Bank been around?

Can Preston State Bank transfer to other banks?

Does Preston State Bank have quick pay?

Does Preston State Bank accept rolled coins?

Will Preston State Bank accept loose change?

Where is Preston State Bank headquarters?

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