American Bank of Oklahoma

Headquarters

200 East Main Street
Collinsville, OK 74021
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.40% →
1-Year CD 0.80% 1.15% →
2-Year CD 0.90% 1.26% →
5-Year CD 1.05% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

American Bank of Oklahoma is an FDIC insured institution located in Collinsville, OK. It was founded in 1998 and has approximately $0.34 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 34606
Date Established 1998
Assets $ 337.54 million
Loans $ 272.02 million
Deposits $ 279.35 million
Capital $ 26.07 million
 

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

Deposit Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.05% $10,000 $14,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 12 Mo FIRA
0.65% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American Bank of Oklahoma

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.951% 2.875% 1.00 $2,445 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to American Bank of Oklahoma
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

American Bank of Oklahoma 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:
Fairfield,Connecticut


American Bank of Oklahoma Locations


Financial Details

American Bank of Oklahoma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Bank of Oklahoma. 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
American Bank of Oklahoma U.S. Bank Average
12.26% 6.94%

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 March 31, 2020, American Bank of Oklahoma had $2,677,000 in non-current loans and $968,000 in owned real estate. To cover these potential losses it had $26,074,000 in equity and $3,654,000 in loans loss reserves. That gives it a Texas Ratio of 12.26%.

Return on Equity
American Bank of Oklahoma U.S. Bank Average
13.46% 7.80%

American Bank of Oklahoma has a Return on Equity of 13.46% versus the BestCashCow average of 7.80%. 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
American Bank of Oklahoma U.S. Bank Average
7.72% 12.68%

American Bank of Oklahoma has a Capitalization of 7.72% versus the BestCashCow average of 12.68. 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.

American Bank of Oklahoma Balance Sheet Analysis

As of March 31, 2020, American Bank of Oklahoma had assets of $337,537,000, loans of $272,021,000, and deposits of $279,354,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 19.77 million
Interest-bearing balances $ 3.36 million
Total securities $ 5.65 million
Federal funds sold and reverse repurchase $ 20.94 million
Net loans and leases $ 272.02 million
Loan loss allowance $ 3.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.97 million
Goodwill and other intangibles $ 0.11 million
All other assets $ 11.50 million
     Total Assets $ 311.46 million
LIABILITIES
Total deposits $ 279.35 million
      Interest-bearing deposits $ 241.97 million
      Deposits held in domestic offices $ 279.35 million
      % insured (estimated) 81.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.72 million
Subordinated debt N.A.
All other liabilities $ 1.39 million
      Total Liabilities $ 311.46 million
      Shareholders’ Equity $ 26.07 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.64 million
Total Interest Expense $ 1.13 million
Net interest income $ 3.51 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.18 million
Total non interest expense $ 3.70 million
Pre-tax Net Operating Income $ 0.99 million

Bank Loan Profile?

The top three loan types in American Bank of Oklahoma’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Oklahoma, American Bank of Oklahoma has a significantly higher percent of Small Business 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 17.79
Multifamily
Mortgages
0.35
Credit Card Loans 0.00
Consumer Auto Loans 4.40
Small Business Loans 17.87
Construction and Development Loans 12.19
Commercial Real Estate 22.73
Commercial and Industrial Loans 27.11
Farm Loans 4.85

Frequently Asked Questions About American Bank Of Oklahoma

Branches and Savings

Is American Bank Of Oklahoma FDIC insured?

Yes. It is covered under FDIC Certificate #34606.

Why does American Bank Of Oklahoma pay such low interest on savings accounts?

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

Why are American Bank Of Oklahoma CD rates not competitive?

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

Is American Bank Of Oklahoma a commercial bank?

Yes

Where are American Bank Of Oklahoma locations?

See branch locations nearby.

Is American Bank Of Oklahoma open on Saturdays?

Is American Bank Of Oklahoma open on Sundays?

What time does American Bank Of Oklahoma open?

What time does American Bank Of Oklahoma close?

Are American Bank Of Oklahoma ATMs Open 24/7?

Do American Bank Of Oklahoma ATMs accept cash deposits?

Can American Bank Of Oklahoma customers use other ATMs?

Do American Bank Of Oklahoma branches have notaries?

Will American Bank Of Oklahoma notarize my document?

What address for American Bank Of Oklahoma should I put for incoming ACH transfers?

Will the American Bank Of Oklahoma branch print checks?

Do American Bank Of Oklahoma checks expire?

Does American Bank Of Oklahoma require US citizenship to open account?

Can American Bank Of Oklahoma close my account?

Does American Bank Of Oklahoma Report to credit bureaus?

Does American Bank Of Oklahoma Use Equifax?

What is American Bank Of Oklahoma's ACH Routing Number?

What is American Bank Of Oklahoma's SWIFT code?

Products

Does American Bank Of Oklahoma offer mortgages?

Compare mortgage rates here.

Does American Bank Of Oklahoma offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American Bank Of Oklahoma offer personal loans?

Compare personal loan rates here.

Does American Bank Of Oklahoma offer student loans?

Will American Bank Of Oklahoma cash a check?

Will American Bank Of Oklahoma redeem a savings bond?

Does American Bank Of Oklahoma cash savings bonds?

Will American Bank Of Oklahoma cash money orders?

Can American Bank Of Oklahoma issue a money order?

Does American Bank Of Oklahoma do currency exchange?

Background on The Bank

Who owns American Bank Of Oklahoma?

How long has American Bank Of Oklahoma been around?

Can American Bank Of Oklahoma transfer to other banks?

Does American Bank Of Oklahoma have quick pay?

Does American Bank Of Oklahoma accept rolled coins?

Will American Bank Of Oklahoma accept loose change?

Where is American Bank Of Oklahoma headquarters?

Customer Reviews for American Bank of Oklahoma


  • January 12, 2016

    Very good bank all the way around glad I found them

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