MONEY

A group of Central Texas banks and credit unions continues to receive high ratings in a quarterly ranking that measures their overall financial strength.

Bauer Financial released their star-ratings report last week, based on data available as of Dec.A 31. Banks and credit unions are assigned a rating between zero and five stars, with a five-star or “superior” ranking given to the strongest institutions.

Six banks and two credit unions located in Central Texas received five-star ratings.

First National Bank of Texas and First Texas Bank in Killeen maintained their five-star rank from Bauer Financial’s December report. First National Bank’s tier-one capital, or net worth, grew to nearly $166 million at the end of 2018. First Texas Bank finished the year with nearly $33 million in tier-one capital.

Calendar year income for First National Bank was listed as $29.1 million, nearly $5 million more than in 2017. First Texas Bank’s reported yearly income was reported as $2.2 million, about $1.5 million more than in 2017.

Fort Hood National Bank also received a superior rating, with more than $23 million in tier-one capital. The bank’s reported 2018 income was just over $3 million, about a million dollars more than in 2017.

First Texas Bank in Lampasas also received a five-star ranking, with $15.6 million in tier-one capital. First Texas had $1.4 million in 2018 income, nearly doubling its 2017 total.

National United Bank of Gatesville was also given five stars. The bank had just over $66 million in tier-one capital at the end of 2018, with $5.6 million in 2018 income, an increase of more than $2 million from the year before.

Temple-based Extraco Banks N.A. was the sixth bank earning a five-star rating from Bauer Financial. The bank had nearly $149 million in tier-one assets at the end of last year, with nearly $15 million in 2018 income, an increase of about $2.5 million from 2017.

Among the local credit unions listed in the report, Belton Federal Credit Union in Belton and Texell Credit Union in Temple earned five-star ratings.

Covenant Savings Federal Credit Union in Killeen dropped from a five-star to a four-star rating at the end of last year. Greater Central Texas Federal Credit Union in Killeen maintained its four-star rating.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.