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ICYMI— The Human Resources Lifecycle of a Business

We want to share our expertise and knowledge about the lifecycle of an employee – from hiring to firing – with you. Below is a recap of our October Bank & Brews workshops focused on four aspects of human resources which are vital to a business (and improving the bottom line): hiring, building, coaching & disciplining employees. Make sure to download the templates from each workshop!

Homebase

Homebase is a leading workforce management platform designed to simplify employee scheduling, time tracking, and team communication for small businesses. Read more about how Extraco Banks is committed to building businesses.

Business Insurance You’ll Need

If you’ve been procrastinating on business insurance, consider this: small businesses are much more likely than larger companies to be devastated in the event of an unforeseen loss, and business insurance needn’t be costly. Read more to learn about the business insurance you need.

American Heart Month: The Costs and Warnings of Heart Attack

One thing we don’t talk enough about is health. We care about you. So, we want you to be as healthy as possible. February is American Heart Month, so it's a great time to learn about heart disease. Heart disease affects people of all ages, from babies to adults. And heart disease and stroke are the leading causes of death for men and women.

Boost Your Savings Strategy with Extraco

Are you ready to accelerate your savings growth? At Extraco Banks, we understand the importance of making your money work for you and offer powerful financial tools designed to maximize your money. From Certificates of Deposit (CDs) to Money Market accounts, we have the solutions you need to achieve your financial goals.

CD Ladder Calculator

Use this calculator to examine the benefits of investing in a series of Certificates of Deposit with different maturities, also called a CD Ladder. With a CD Ladder, you can benefit from higher interest rates for longer maturities, while achieving better liquidity, rather than investing in a single long-term CD.

How to Improve Your Credit Score

Your credit score is a three-digit number which helps lenders determine the risk of lending you money. If you aren’t getting approved for credit cards or loans, you may need to improve your credit score. Building your credit isn’t a speedy process, but there are several things you can do to start paving the way to a better credit score.

Extraco Banks Purchases Building for New Gatesville Location

Extraco Banks purchased the former Texas First State Bank location in Gatesville at 2501 Texas 36 with the intention of moving its Gatesville banking operation to this site in late fall 2023. Previously, Extraco had purchased land located along US Hwy 84 with the intention of building a new branch.

Virtual Assistants in Banking: Get Fast Answers to Banking Questions

You’re already familiar with the concept of a virtual assistant. Chat bots and virtual assistants have been around for a while, but they aren’t always as helpful as we’d like them to be. Newer technology, however, has improved this to provide you with the best answers to some of the most common questions we receive. You may have a question that falls outside the norm. Never fear! Our brand new chat feature also helps you to reach a real Extraco Relationship Banker to streamline the process from question to solution.

Home Insurance

Home insurance is not just a box to check; it's a crucial tool to safeguard your home and everything it holds. Like any other aspect of your financial plan, your home insurance needs to be periodically evaluated and adjusted to meet your changing circumstances and the evolving market dynamics.

The Difference Between Cash Flow and Profit

Cash coming into your business and the actual profit you make are two very different things, and almost always never total up as identical amounts. Read more to learn the difference between cash flow and profit.

7 Festive Ways to Save Money Christmas Shopping

It’s that time of year again, and if you haven’t started your Christmas shopping yet, now is the time to do it. However, shopping for gifts can be challenging during economic uncertainty, especially when you’re looking to save money. Budgets are tighter, and the things you want and need cost more. Yet, this doesn’t mean you can’t have a great holiday. We devised a plan to make your holiday shopping and gift-giving easier. Here are 7 festive ways to save money while Christmas shopping.

Extraco Banks Announces Leadership Transition in Waco Commercial Lending Division

Extraco Banks proudly announces the retirement of long-time executive Mark Reynolds, Regional President of Commercial Lending for the North Region, after 28 years of dedicated service. As part of a strategic leadership transition, Tammy Richards has been named as his successor, continuing the bank’s strong legacy of relationship-driven commercial banking.

Should You Use Home Equity to Pay Off Debt?

You’re staring at a mountain of debt and wondering how to pay it all. Bills keep piling on, but your payments, especially today, barely make a dent in your situation. Sure! You’ve heard of refinancing your home; some use home equity to tackle their mounting debt. But is it a good idea? And, if so, what must you know before diving in?

Understanding Escrow Accounts and Escrow Analysis

An escrow account helps simplify homeownership by spreading out property tax and insurance costs through your monthly mortgage payment. Each year, an escrow analysis reviews these expenses to ensure enough funds are available, which may result in a shortage or surplus and cause your payment to change. Understanding how escrow works can help you plan ahead and avoid surprises.

What to Know Before Launching a New Business in 2023

Are you thinking about launching a new business in 2023? We like to think of starting a new business as a journey. Launching a business is a big step and one with the potential to help you realize your dreams. Taking your time and launching your business the right way is wise. So, having patience and discernment will prime your business for growth and success.

The Top 7 Things Physicians Should Know Before Moving to DFW

Congratulations on receiving your residency match! You’ve worked hard to reach this milestone. This is an exciting time and a moment to celebrate. Yet, while one milestone of your journey is ending, another is just beginning, and we’re certain you have many questions. To help guide you through your transition, we’d like to introduce you to the Dallas-Fort Worth area and, more specifically, to what the Dallas-Fort Worth area holds for you and your future.

Is It Time to Refinance Your Auto Loan? Key Factors to Consider

Refinancing your auto loan can help you save money, lower your monthly payments, or pay off your car faster—but timing is everything. This blog breaks down the key factors to consider, including interest rates, credit score improvements and loan balance. Learn when refinancing makes sense, when it doesn’t, and how to determine if it’s the right move for you.

The Top 7 Things Physicians Should Know Before Moving to San Antonio

You probably already know that San Antonio is home to two Level One Trauma Centers and two of the top largest hospitals in the nation, along with several biomedical research facilities throughout the area. These spaces will give you access to some of the latest medical and healthcare technology innovations. That’s not all this city has to offer. Allow us to introduce you to the San Antonio area and help answer some of your burning questions.

New Extraco Parking Plaza Is Now Open In Temple

The City of Temple is proud to announce the official opening of the Extraco Parking Plaza located at 1st Street in downtown Temple. The Extraco Parking Plaza is a brand new, state-of-the-art facility, set to provide convenient and secure parking options for residents, downtown employees, and visitors.

Whole Life vs. Term Life: Which Life Insurance is Better?

Choosing a life insurance policy can feel like walking through a labyrinth. Different types of policies, costs, benefits, and the fine print can be confusing.  Which insurance is best for you: whole life insurance or term insurance? Let’s look at the differences between each so you can decide.

Insurance Premium Changes

Your premium is likely to change each time you renew your insurance. This is because premiums are affected by many factors, including the cost of doing business and changes to the way risk is assessed. Sometimes premiums increase across the board because your level of risk has increased.

How Insurance Premiums are Calculated

There isn't a "one size fits all" formula to calculate a premium or price for each person who wants to cover risks on something valuable to them. Insurers refer to known data when they make these decisions. Insurers also look at age, sex and claims history.

Home Budget Analysis

Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going.

Dorm Room on a Dime: How to Get the Look for Less

When you are budget-savvy and looking for stylish living solutions, finding the look for less is top of the to-do list. That’s why we’re digging in to offer hacks and solutions that won’t break the bank.

How to Help Your Teenager Build Credit

Credit is the ultimate catch-22. To get credit, you must have a credit history. Young people wanting to establish themselves financially often find themselves in this conundrum. They've never had a credit card, haven't purchased their own vehicle and are not a home-owner. In other words, they're invisible to the credit bureaus. 

The Reasons People Buy Insurance

Read to learn the six reasons why most people buy insurance. One reason is to protect something purchased that has a high value, such as a house, car, jewelry, etc.

Benefits of a Living Trust

There are many benefits to creating a living trust. Here are the top three: 1. Avoid probate at death. Including multiple probates, if you own other property in another state. 2. It provides maximum privacy. 3. It can reduce or completely eliminate estate taxes.