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State Bank of Texas named Best-run Community Bank in USA

State Bank of Texas named Best-run Community Bank in USA
August 09
11:48 2018

Chairman/CEO Chandrakant Patel with President Sushil Patel and EVP/Chief Lending Officer Rajan Patel

India Post News Service

DALLAS, TX: State Bank of Texas was recently named the best-run bank in the country by Sageworks, a financial information company that annually analyzes and ranks banks based on prior-year performance. Based on an analysis of data from more than 4,100 banks in the United States, Sageworks identified the 15 best-run community banks using a combination of their return on average assets (ROAA) and efficiency ratio. State Bank of Texas, headquartered in Dallas with $836 million in assets, topped the list as the best-run community bank in the U.S., based on its 2017 ROAA and efficiency ratio.

In addition to its Texas locations, State Bank of Texas has two locations in Chicago and services at both Chicago airports—O’Hare and Midway. One of its Chicago locations is on Devon Avenue, the mini India town.  This location has been very effective in meeting the needs of local Indian and non-Indian community members for both deposit and loan services.



Institution Name







Efficiency Ratio Total Assets


1 State Bank of Texas Dallas TX 8.3% 20.1% 839,631,000
2 First Credit Bank Los Angeles CA 5.7% 9.6% 460,352,000
3 Beal Bank, SSB Plano TX 5.3% 38.5% 1,889,185,000
4 Town & Country Bank Las Vegas NV 4.6% 34.4% 160,843,000
5 Beal Bank USA Las Vegas NV 4.0% 36.3% 5,597,010,000
6 PrinsBank Prinsburg MN 3.7% 40.0% 141,862,000
7 Bank 7 Oklahoma City OK 3.7% 36.5% 702,648,000
8 Apex Bank Camden TN 3.5% 37.6% 524,869,000
9 John Deere Financial, F.S.B. Madison WI 3.1% 32.5% 2,856,384,000
10 Cross River Bank Teaneck NJ 3.0% 38.3% 1,372,916,000
11 Home Bank of California San Diego CA 2.9% 38.8% 159,084,000
12 Corydon State Bank Corydon IA 2.8% 21.2% 120,740,000
13 The Yellowstone Bank Laurel MT 2.8% 39.7% 722,681,000
14 Prime Bank Edmond OK 2.8% 39.4% 259,085,000
15 Metro City Bank Doraville GA 2.7% 37.0% 1,292,216,000


To evaluate bank performance, Sageworks looked at two key indicators of a well-run bank – return on average assets (ROAA) and efficiency ratio. ROAA measures how effectively each bank generates income using its available assets and can be used to compare the performance of banks of any size. The community banks on the top 15 list all demonstrate that they have used their assets – loans, investments, fixed or physical assets, etc. – to more efficiently generate income for their institutions.

The second ratio used to determine the ranking, Efficiency Ratio, compares how much a bank is spending to how much it is making in a given time period, speaking to how well the bank is controlling spending and managing assets to generate profit. It is a frequently assessed metric to determine bank performance, as it reflects the bank’s overhead as a percentage of its revenues. The Efficiency Ratio is calculated by dividing the bank’s noninterest expenses by its net income.

State Bank of Texas has topped this list before, with both year-end 2014 and 2016 results. This consistency speaks to the bank’s laser focus on its core lending business and its careful management of bank resources.

“We are extremely pleased to be named best-run bank again this year,” said Sushil Patel, president of State Bank, “and we look forward to continued excellent results.”

State Bank of Texas was founded in 1987 by Chandrakant Patel and continues to be owned and operated by the Patel family, with Chan Patel (father) serving as CEO, Sushil Patel (son) as president, and Rajan Patel (son) as EVP and chief lending officer. As the largest Indian-American-owned bank in the United States, the bank focuses heavily on lending within the hospitality industry. SBT intends to continue its formula of providing strong financial services to hard-working entrepreneurs while applying the same conservative fiscal practices that have been responsible for its historical success.



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