City Bank
Lubbock, Texas, Lubbock County
$5.4B in total assets, the 281st largest of 4,309 US banks and 20th of 352 headquartered in Texas.
- FDIC certificate
- 25103
- Established
- 1984
- Owned by
- South Plains Financial Inc
- Primary regulator
- FDIC
- Website
- www.city.bank
At a glance
Compared with 77 banks headquartered in Texas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $5.4B | 92% | $2.2B | |
| Loans | $3.8B | 94% | $1.3B | |
| Deposits | $4.7B | 94% | $1.7B | |
| Return on assets | 1.53% | 49% | 1.54% | |
| Net interest margin | 4.21% | 65% | 3.95% | |
| Efficiency ratio | 60.3% | 62% | 57.5% | |
| Equity to assets | 11.11% | 56% | 10.59% | |
| Loans to deposits | 80% | 49% | 80% |
Growth
Total assets grew 7.7% a year over the last 5 years and 7.7% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2026 | Bank of Houston Houston, TX | $686M |
| Nov 2019 | West Texas State Bank Odessa, TX | $431M |
| Aug 2014 | City Bank New Mexico Ruidoso, NM | $115M |
| Jun 2001 | The Farmers National Bank of Forney Forney, TX | $28M |
| Dec 1999 | South Plains Bank Levelland, TX, an affiliate under the same holding company | $52M |
| Aug 1998 | American Bank, National Association Keller, TX | $52M |
| Apr 1984 | Security National Bank of Lubbock Lubbock, TX | $51M |
Where they operate
27 branches in 16 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lubbock County, TX | $2.5B | 19.0% | 1 of 28 |
| Harris County, TX | $535M | 0.2% | 35 of 87 |
| Kaufman County, TX | $320M | 11.5% | 2 of 11 |
| El Paso County, TX | $246M | 2.2% | 8 of 16 |
| Hockley County, TX | $214M | 32.3% | 1 of 7 |
| Lincoln County, NM | $212M | 31.2% | 1 of 7 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 2 branches since 2016 (25 to 27, +8.0%). 2 opened, 10 acquired, 10 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2016 | Closed Lubbock | 0 | 1 | −1 | 24 |
| 2017 | Sold 2 branches to Metro City BankClosed Ruidoso | 0 | 3 | −3 | 21 |
| 2018 | Opened Overland Park | 1 | 0 | +1 | 22 |
| 2019 | Acquired West Texas State BankOpened Houston, closed 3 in 2 states | 9 | 3 | +6 | 28 |
| 2020 | Closed Springlake | 0 | 1 | −1 | 27 |
| 2024 | Closed Kermit | 0 | 1 | −1 | 26 |
| 2025 | Closed Ruidoso | 0 | 1 | −1 | 25 |
| 2026 through Q2 | Acquired Bank of Houston | 2 | 0 | +2 | 27 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 34% | 39% | |
| 1-4 family residential | 19% | 20% | |
| Construction and land | 13% | 13% | |
| Business (C&I) | 12% | 15% | |
| Consumer | 9% | 2% | |
| Multifamily | 6% | 3% | |
| Farmland | 2% | 3% | |
| Agricultural | 2% | 1% | |
| Other | 3% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 48% | |
| Noninterest-bearing | 26% | 26% | |
| Time deposits | 13% | 26% |
Brokered deposits are 5.5% of deposits (peers 4.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.25% | 0.46% |
| Net charge-offs, annualized | 0.05% | 0.04% |
| Reserves to loans | 1.40% | 1.20% |
| Leverage ratio | 10.79% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Lubbock County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/city-bank-lubbock-tx