State Bank of Texas

logo for State Bank of Texas
Headquarters

111 W John Carpenter Frwy
Irving, TX 75039
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

State Bank of Texas is an FDIC insured institution located in Irving, TX. It was founded in 1987 and has approximately $2.57 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 27074
Date Established 1987
Assets $ 2.57 billion
Loans $ 2.07 billion
Deposits $ 2.15 billion
Capital $ 371.89 million
 

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

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

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

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




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Featured - Virginia Home Equity Line Of Credit Rates 2024

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More Info

Note to State Bank of Texas
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Branches

State Bank of 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:
Ashburn,Virginia


State Bank of Texas Locations



Climate Policy and Initiatives

State Bank of Texas is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

State Bank of Texas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of 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
State Bank of Texas U.S. Bank Average
3.61% 3.96%

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 December 31, 2024, State Bank of Texas had $14,202,000 in non-current loans and $72,000 in owned real estate. To cover these potential losses it had $371,885,000 in equity and $23,995,000 in loans loss reserves. That gives it a Texas Ratio of 3.61%.

Return on Equity
State Bank of Texas U.S. Bank Average
36.31% 12.20%

State Bank of Texas has a Return on Equity of 36.31% versus the BestCashCow average of 12.20%. 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
State Bank of Texas U.S. Bank Average
14.47% 10.76%

State Bank of Texas has a Capitalization of 14.47% versus the BestCashCow average of 10.76. 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.

State Bank of Texas Balance Sheet Analysis

As of December 31, 2023, State Bank of Texas had assets of $2,569,549,000, loans of $2,070,279,000, and deposits of $2,152,401,000. 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

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 257.57 million
Interest-bearing balances $ 196.62 million
Total securities $ 152.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.07 billion
Loan loss allowance $ 24.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles N.A.
All other assets $ 39.80 million
     Total Assets $ 2.20 billion
LIABILITIES
Total deposits $ 2.15 billion
      Interest-bearing deposits $ 2.01 billion
      Deposits held in domestic offices $ 2.15 billion
      % insured (estimated) 63.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 80.00 million
Subordinated debt N.A.
All other liabilities $ 5.13 million
      Total Liabilities $ 2.20 billion
      Shareholders’ Equity $ 371.89 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 215.28 million
Total Interest Expense $ 77.82 million
Net interest income $ 137.47 million
Provision for loan and lease losses $ 5.40 million
Total non interest income $ 8.41 million
Total non interest expense $ 26.84 million
Pre-tax Net Operating Income $ 28.86 million

Bank Loan Profile?

The top three loan types in State Bank of Texas’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Small Business Loans.

Compared to other banks in Texas, State Bank of Texas has a significantly higher percent of Commercial Real Estate 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 1.73
Multifamily
Mortgages
0.16
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 3.16
Construction and Development Loans 6.67
Commercial Real Estate 53.06
Commercial and Industrial Loans 0.52
Farm Loans 0.00

Customer Reviews for State Bank of Texas (12)


  • October 5, 2023 |

    CDs 12 Month Rates

    You need to specifically indicate what you are applying your money to when you take out an account here. You could make a mistake and put your money on a lesser rate product than what's advertised. Otherwise its a great option for savers.

  • January 19, 2023

    CDs 12 Month Rates

    People read what you are looking at . . . this section is for CD's not money market accounts. Two different investments types, CD covered by insurance and money markets are not. Know what you are doing and use the correct language before giving anyone your money.

    However, no one should be surprised that the increased interest rates are very seldom passed on to the customer based on pure greed for profits or anticipated loan defaults. The higher the interest rate on loans & credit cards and low interest rates on savings, the more likely your money is at risk as FDIC back in 1987 said they didn't have the $150,000 to cover account loses. So what makes anyone believe the FDIC will able to cover $250,000 per account holder name. Hence if you have a $250,000 CD and a joint checking account with husband, you only get $250,000 coverage if you are lucky and forfeit half of the money in the checking if and when the bank fails. A little financial education goes a long way. So also check out a bank's derivative exposure, which puts them at greater risk of failure.

    https://www.usbanklocations.com/bank-rank/derivatives.html

  • June 3, 2022 | | Replies 1

    Do not use this bank! Their money market accounts were showing online as some of the highest in the country so I opened an account. I noticed ongoing advertising of high rates but did not see these high rates being paid to my account. When I called "Christina" the "assistant manager" she said "those higher rates are for a 'different product'". Different product? Ridiculous! I had deposited the max covered by FDIC! She was also very obnoxious and kept interrupting me constantly so I could barely say anything. Also, when I requested a form to wire my money out of the account, she refused and said someone else would have to call and ID me and send me the form. AVOID THIS BANK AT ALL COSTS!

    | May 21, 2024

    I'm sorry for your experience. Please feel free to contact Tera Jennings at 972.252.6000 to resolve this matter.

  • January 15, 2022 |

    Online CDs 12 Month Rates

    It would be insanity to lock into a 1-year CD at 0.85 with this "bank" when they are paying 0.75% on a savings account and the Fed is going to hike to at least 1% by the middle of the year (and both CD and savings rates will be higher by then).

  • January 8, 2022

    This is misleading to list this on this site. The account cannot be easily opened online. They don't even answer the phone.


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*Should any logos, images or public notes appear on this page,they do so courtesy of State Bank of Texas and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.