Lovelady State Bank
910 South Commerce
P.O. Box 220
Lovelady, TX 75851
T: (866) 225-0949
P: (936) 636-7337
F: (936) 636-7111
Email the Bank Lobby Hours
M-Th: 9 a.m. to 2 p.m.
F: 9 a.m. to 5:30 p.m. Drive-Thru Hours
M-Th: 8 a.m. to 3 p.m.
F: 8 a.m. to 5:30 p.m.
910 South Commerce
P.O. Box 220
Lovelady, TX 75851
T: (866) 225-0949
P: (936) 636-7337
F: (936) 636-7111
Email the Bank Lobby Hours
M-Th: 9 a.m. to 2 p.m.
F: 9 a.m. to 5:30 p.m. Drive-Thru Hours
M-Th: 8 a.m. to 3 p.m.
F: 8 a.m. to 5:30 p.m.
About Us
Lovelady State Bank was founded in 1974 with local ownership and management and has been a cornerstone of this community's economic life since its inception.
We believe in Community First and we are a True Texas Community Bank. The primary mission of Lovelady State Bank is to provide Lovelady and the surrounding community with a sound, safe, locally owned financial institution that can meet the credit and financial service needs of the community and provide shareholders with a fair, equitable and consistent return on their investment.
Lovelady State Bank Directors & Officers
| Name | Title | Email Address |
|---|---|---|
| George Crowson | Chairman of the Board | |
| Michael R. Broxson | Vice Chairman/CEO | |
| John H. LaRue | Director | |
| Norma J. Lane | President/Director | |
| Lance LaRue | IT Officer/Director | |
| Sissy Hyde | Vice President/Cashier | |
| David Whittlesey | Vice President | |
| Janie Collier | Loan Services Officer | |
| Debbie Monk | Loan Services Officer |
Statement of Condition
At the close of business December 31, 2018
| Assets | |
|---|---|
| Cash and Due from Banks | $10,916,000.00 |
| Investment Securities | $11,179,000.00 |
| Loans and Discounts | $23,379,000.00 |
| Federal Funds Sold | $700,000.00 |
| Banking, House, Furniture and Fixtures, Other Real Estate | $461,000.00 |
| Other Assets | $1,550,000.00 |
| Total Assets: | $48,185,000.00 |
| Liabilities | |
|---|---|
| Deposits | $43,439,000.00 |
| Capital | $220,000.00 |
| Surplus | $1,780,000.00 |
| Undivided Profits and Reserves | $2,770,000.00 |
| Unrealized gain (loss) Securities | -$71,000.00 |
| Other Liabilities | $47,000.00 |
| Total Liabilities: | $48,185,000.00 |
