On May 9, 1958, a community dream was fulfilled when Perryton Savings and Loan Association was chartered by the Texas Banking Commission under the Building and Loan Association Laws of the State of Texas. The purpose of this charter was to encourage industry, home building and the accumulation of savings.
In 1972, as an indication of success, growth and expansion to more than just a local Savings & Loan, the name was changed to Interstate Savings and Loan Association. By 1974, assets had grown to over $21 million and business expanded to include two branches, one at Spearman, Texas and one at Canadian, Texas.
In 1997, as a benefit and advantage to the shareholders and customers of the bank, the charter was changed to a Texas State Savings Bank Charter and the name changed to Interstate Bank, ssb. A new direction ensued at that time to diversify the bank’s assets to a more traditional commercial bank that would better serve the community’s needs.
2004 saw the bank continue to grow and expand into the Amarillo area with the opening of a loan production office. In October, 2006 the bank opened a full service branch in Amarillo to serve it’s vibrant, growing economy. We are pleased to have a strong staff of experienced, customer oriented bankers and qualified bank directors who share a deep interest in the bank’s customers and in the communities served by the bank
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154