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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
NameTitleEmail
George Crowson Chairman of the Board

no

Michael R. Broxson Vice Chairman/CEO

no

John H. LaRue Director

no

Norma J. Lane President/Director njlane@loveladystatebank.com
Lance LaRue IT Officer/Director llarue@loveladystatebank.com
Sissy Hyde Vice President/Cashier shyde@loveladystatebank.com
David Whittlesey Vice President dwhittlesey@loveladystatebank.com
Debbie Monk Loan Services Officer dmonk@loveladystatebank.com
Statement of Condition

At the close of business September 30, 2020

Assets

no

Cash and Due from Banks $14,953,000.00
Investment SEcurities $6,114,000.00
Loans and Discounts $22,028,000.00
Federal Funds Sold $2,700,000.00
Banking, House, Furniture and Fixtures, Other Real Estate $450,000.00
Other Assets $1,553,000.00
Total Assets: $47,778,000.00
Liabilities

no

Deposits $42,171,000.00
Capital $220,000.00
Surplus $1,780,000.00
Undivided Profits and Reserves $3,212,000.00
Unrealized gain (loss) Securities -$194,000.00
Other Liabilities $201,000.00
Total Liabilities: $47,778,000.00

Contact Lovelady State Bank

Lovelady State Bank
910 South Commerce
P.O. Box 220
Lovelady, TX 75851

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.