Advantage Bank

Headquarters

8001 Ne 23rd Street
Oklahoma City, OK 73141
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 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 - June 28, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - June 28, 2022

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2022

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Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
6.254% 6.125%
0.88 points
$3,438 fees
$1,520 Learn More
Morty, Inc.
NMLS ID: 1429243
5.209% 5.125%
1.00 points
$2,385 fees
$1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to Advantage Bank
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Branches

Advantage Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Advantage Bank Locations



Climate Initiatives

Advantage Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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 BestCashCow.com 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% 3.95%

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 December 31, 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% 10.50%

Advantage Bank has a Return on Equity of -1.46% versus the BestCashCow average of 10.50%. 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.

Capitalization
Advantage Bank U.S. Bank Average
13.83% 11.55%

Advantage Bank has a Capitalization of 13.83% versus the BestCashCow average of 11.55. 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

December 31, 2021
ASSETS
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
LIABILITIES
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

December 31, 2021
INCOME AND EXPENSES
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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 52.88
Multifamily
Mortgages
0.34
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

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