latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/us-banks-with-the-highest-texas-ratios-in-q4-20-62668077 content esgSubNav
In This List

US banks with the highest Texas ratios in Q4'20

Blog

Banking Essentials Newsletter: September 18th Edition

Loan Platforms: Securing settlement instructions and prioritising the user experience

Blog

Navigating the New Canadian Derivatives Landscape: Key Changes and Compliance Steps for 2025

Blog

Getting an Edge with Services: Driving optimization by embracing technological innovation


US banks with the highest Texas ratios in Q4'20

At the end of 2020, four U.S. banks and thrifts posted an adjusted Texas ratio above 100%, down from nine in the third quarter and 13 in the year-ago quarter.

SNL Image

SNL Image

Meanwhile, the median adjusted Texas ratio for the U.S. banking industry fell to 4.7% as of Dec. 31, 2020, down from 5.0% in the linked quarter and 5.3% at the end of 2019.

Rogersville, Tenn.-based Civis Bank had the highest adjusted Texas ratio in the country at 157.9% at year-end 2020, although that was a 5.8-percentage point improvement quarter over quarter.

Grand Chain, Ill.-based Grand Rivers Community Bank posted the second-highest adjusted Texas ratio, jumping 30.0 percentage points to 136.6%. The bank's tangible equity dropped 14.2% in the fourth quarter, and its adjusted loans 90 days or more past due almost quadrupled.

Two of the banks that posted adjusted Texas ratios above 100% at the end of September 2020, Fort Walton Beach, Fla.-based First City Bank of Florida and Kansas-based Almena State Bank, failed in the fourth quarter of 2020.

SNL Image

SNL Image