State Bank of Texas

Headquarters

11950 Webb Chapel Road
Dallas, TX 75234
See all branch locations →

State Bank of Texas
Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD 0.95% 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

State Bank of Texas is an FDIC insured institution located in Dallas, TX. It was founded in 1987 and has approximately $0.92 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 27074
Date Established 1987
Assets $ 918.14 million
Loans $ 709.82 million
Deposits $ 768.27 million
Capital $ 134.21 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 - October 26, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
1-Year CD
0.95% $25,000 - Learn More


Loan Rates - October 26, 2020

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:




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
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 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


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
6.83% 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, State Bank of Texas had $7,600,000 in non-current loans and $2,098,000 in owned real estate. To cover these potential losses it had $134,209,000 in equity and $7,823,000 in loans loss reserves. That gives it a Texas Ratio of 6.83%.

Return on Equity
State Bank of Texas U.S. Bank Average
20.13% 7.80%

State Bank of Texas has a Return on Equity of 20.13% 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
State Bank of Texas U.S. Bank Average
14.62% 12.68%

State Bank of Texas has a Capitalization of 14.62% 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.

State Bank of Texas Balance Sheet Analysis

As of March 31, 2020, State Bank of Texas had assets of $918,137,000, loans of $709,820,000, and deposits of $768,269,000. 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 $ 114.97 million
Interest-bearing balances $ 89.85 million
Total securities $ 56.38 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 709.82 million
Loan loss allowance $ 7.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.10 million
Goodwill and other intangibles N.A.
All other assets $ 27.22 million
     Total Assets $ 783.93 million
LIABILITIES
Total deposits $ 768.27 million
      Interest-bearing deposits $ 679.18 million
      Deposits held in domestic offices $ 768.27 million
      % insured (estimated) 70.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 5.66 million
      Total Liabilities $ 783.93 million
      Shareholders’ Equity $ 134.21 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 13.44 million
Total Interest Expense $ 3.40 million
Net interest income $ 10.04 million
Provision for loan and lease losses $ 0.55 million
Total non interest income $ 1.34 million
Total non interest expense $ 3.37 million
Pre-tax Net Operating Income $ 7.46 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 1-4 Family Residential 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 7.40
Multifamily
Mortgages
2.27
Credit Card Loans 0.00
Consumer Auto Loans 0.60
Small Business Loans 0.00
Construction and Development Loans 14.75
Commercial Real Estate 74.50
Commercial and Industrial Loans 1.42
Farm Loans 0.00

Frequently Asked Questions About State Bank Of Texas

Branches and Savings

Is State Bank Of Texas FDIC insured?

Yes. It is covered under FDIC Certificate #27074.

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

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

Why are State Bank Of Texas CD rates not competitive?

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

Is State Bank Of Texas a commercial bank?

Yes

Where are State Bank Of Texas locations?

See branch locations nearby.

Is State Bank Of Texas open on Saturdays?

Is State Bank Of Texas open on Sundays?

What time does State Bank Of Texas open?

What time does State Bank Of Texas close?

Are State Bank Of Texas ATMs Open 24/7?

Do State Bank Of Texas ATMs accept cash deposits?

Can State Bank Of Texas customers use other ATMs?

Do State Bank Of Texas branches have notaries?

Will State Bank Of Texas notarize my document?

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

Will the State Bank Of Texas branch print checks?

Do State Bank Of Texas checks expire?

Does State Bank Of Texas require US citizenship to open account?

Can State Bank Of Texas close my account?

Does State Bank Of Texas Report to credit bureaus?

Does State Bank Of Texas Use Equifax?

What is State Bank Of Texas's ACH Routing Number?

What is State Bank Of Texas's SWIFT code?

Products

Does State Bank Of Texas offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does State Bank Of Texas offer personal loans?

Compare personal loan rates here.

Does State Bank Of Texas offer student loans?

Will State Bank Of Texas cash a check?

Will State Bank Of Texas redeem a savings bond?

Does State Bank Of Texas cash savings bonds?

Will State Bank Of Texas cash money orders?

Can State Bank Of Texas issue a money order?

Does State Bank Of Texas do currency exchange?

Background on The Bank

Who owns State Bank Of Texas?

How long has State Bank Of Texas been around?

Can State Bank Of Texas transfer to other banks?

Does State Bank Of Texas have quick pay?

Does State Bank Of Texas accept rolled coins?

Will State Bank Of Texas accept loose change?

Where is State Bank Of Texas headquarters?

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