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State Bank of Texas


State Bank of Texas is an FDIC insured institution headquartered at 111 W John Carpenter Frwy, Irving, TX 75039.
It was founded in 1987 and has approximately $3 billion in assets. Customers can open an account at one of its 6 branches.

Deposit Rates - April 11, 2025

CD RATES APY MIN
12 Mo CD
4.35% $50,000 Compare
MM RATES APY MIN
Money Market
4.65% $100,000 Compare

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27074
Date Established 1987
Assets $ 2.78 billion
Loans $ 2.26 billion
Deposits $ 2.28 billion
Capital $ 389.69 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 273.80 million
Interest-bearing balances $ 218.13 million
Total securities $ 152.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.26 billion
Loan loss allowance $ 25.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.04 million
Goodwill and other intangibles N.A.
All other assets $ 39.80 million
     Total Assets $ 2.39 billion

LIABILITIES
Total deposits $ 2.28 billion
      Interest-bearing deposits $ 2.15 billion
      Deposits held in domestic offices $ 2.28 billion
      % insured (estimated)" 71.30%
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 millionn
      Total Liabilities $ 2.39 billion
      Shareholders’ Equity $ 389.69 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 257.20 million
Total Interest Expense $ 114.12 million
Net interest income $ 143.07 million
Provision for loan and lease losses $ 14.31 million
Total non interest income $ 6.95 million
Total non interest expense $ 26.46 million
Pre-tax Net Operating Income $ 28.86 million


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Customer Reviews for State Bank of Texas (2)

Rated 1.00 stars out of 5 - based on 2 reviews

  • This is misleading to list this on this site. The account cannot be easily opened online. Wouldn't mess with it unless I were playing with millions anyway. And, then I wouldn't mess with it because who knows whether it is a safe bank. Just not worth the extra hassles. They don't even answer the phone.

  • Big name to inspire confidence, but a little poorly run bank behind it. I wasted my time trying to squeeze a few extra pennies out of my dollars. Not worthwhile to chase this one, especially after considering after-tax benefit and endless amounts of time trying to get answers to simple questions.

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