overlay – Placing text over a rectangle using graphics

I need to add some text to rectangles that I am using as a scale bar. I want the text right above the rectangle and centered. Here’s my code:

Show[{Graphics[{Red, Rectangle[{0, 0}, {45, 15}]}, ImageSize -> 48], 
  Graphics[Text[Style["TEXT", 12, "TR", Black, Bold]]]}]

enter image description here

Desired result:

enter image description here

How can I do that?

Edit: Ideally it should also work if the text is longer than the scale bar, like so:

Graphics[{Red, Rectangle[{0, 0}, {19, 15}], 
  Text[Style["TEXT", 14, "TR", Black, Bold], {10, 22}]}, 
 ImageSize -> 19]

The bar crops some of the text:
enter image description here