Advantage Bank


8001 Ne 23rd Street
Oklahoma City, OK 73141
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Advantage Bank is an FDIC insured institution located in Oklahoma City, OK. It was founded in 1913 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 18152
Date Established 1913
Assets $ 57.30 million
Loans $ 33.40 million
Deposits $ 50.07 million
Capital $ 7.93 million

For a more detailed analysis of Advantage Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Advantage Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.921% 2.875%
0.63 points
$1,492 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Advantage Bank
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Climate Initiatives

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Financial Details

Advantage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Advantage Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Advantage Bank U.S. Bank Average
6.25% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Advantage Bank had $522,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,925,000 in equity and $425,000 in loans loss reserves. That gives it a Texas Ratio of 6.25%.

Return on Equity
Advantage Bank U.S. Bank Average
-1.46% 11.29%

Advantage Bank has a Return on Equity of -1.46% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Advantage Bank U.S. Bank Average
13.83% 11.72%

Advantage Bank has a Capitalization of 13.83% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Advantage Bank Balance Sheet Analysis

As of September 30, 2019, Advantage Bank had assets of $58,055,000, loans of $33,397,000, and deposits of $50,066,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions $ 1.50 million
Interest-bearing balances N.A.
Total securities $ 14.78 million
Federal funds sold and reverse repurchase $ 6.22 million
Net loans and leases $ 33.40 million
Loan loss allowance $ 0.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.36 million
     Total Assets $ 50.13 million
Total deposits $ 50.07 million
      Interest-bearing deposits $ 37.38 million
      Deposits held in domestic offices $ 50.07 million
      % insured (estimated) 86.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.06 million
      Total Liabilities $ 50.13 million
      Shareholders’ Equity $ 7.17 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 2.25 million
Total Interest Expense $ 0.37 million
Net interest income $ 1.88 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 0.34 million
Total non interest expense $ 2.19 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Advantage Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Oklahoma, Advantage Bank has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 52.88
Credit Card Loans 0.00
Consumer Auto Loans 1.19
Small Business Loans 0.00
Construction and Development Loans 14.57
Commercial Real Estate 19.19
Commercial and Industrial Loans 9.41
Farm Loans 0.87

Frequently Asked Questions About Advantage Bank

Branches and Savings

Is Advantage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18152.

Why does Advantage Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Advantage Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Advantage Bank a commercial bank?


Where are Advantage Bank locations?

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Is Advantage Bank open on Saturdays?

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Are Advantage Bank ATMs Open 24/7?

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Will the Advantage Bank branch print checks?

Do Advantage Bank checks expire?

Does Advantage Bank require US citizenship to open account?

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Does Advantage Bank Use Equifax?

What is Advantage Bank's ACH Routing Number?

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Does Advantage Bank offer mortgages?

Compare mortgage rates here.

Does Advantage Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Advantage Bank offer personal loans?

Compare personal loan rates here.

Does Advantage Bank offer student loans?

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Background on The Bank

Who owns Advantage Bank?

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Will Advantage Bank accept loose change?

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