Bank Lending Can't Keep Up with Deposit Growth

Growing deposits at banks in South Texas has been news ever since lease bonuses from the Eagle Ford began rolling in. Now, rising salaries combined with royalty income means deposits are rising faster than the banks can lend. At 20 banks surveyed by MySA:

  • Deposits increased by 46.8%+ at 12 of the 20 banks - (National Avg 14.7%)
  • Karnes County National Bank led the region with 110% deposit growth ($168 million)
  • 14 of the 20 banks reported loan growth between 6.5% and 62.2%

That's all since the end of 2009. While it has been slow to date, lending will grow as more commercial, retail, and multifamily developments come to the area. For now, I'll say having too much money is a good problem to have. Get more details in the full article at mysanantonio.com