Armstrong Bank

1215 West Okmulgee Street
Muskogee, OK 74401


General Bank Information

FDIC Insured Yes
FDIC Certificate # 2315
Date Established 1910
Assets $0.92 billion
Loans $0.68 billion
Deposits $0.80 billion
Capital $0.12 billion

Armstrong Bank is an FDIC insured institution located in Muskogee, OK. It was founded in 1910 and has approximately $0.92 billion in assets. Customers can open an account at one of its 22 branches.

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

Bank Loan Profile?

The top three loan types in Armstrong Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Oklahoma, Armstrong Bank 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.72
Credit Card Loans 0.09
Consumer Auto Loans 3.96
Small Business Loans 13.24
Construction and Development Loans 7.86
Commercial Real Estate 23.54
Commercial and Industrial Loans 8.07
Farm Loans 4.15

Deposit Rates

Your Current Location: Virginia, VA 20146

3 Mo CD 10K
0.30% $10,000 $24,999 Learn MoreShow Less
3 Mo CD 100K
0.45% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.41% $10,000 $24,999 Learn MoreShow Less
6 Mo CD 100K
0.65% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA 0K
0.68% $250 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.60% $250 $9,999 Learn MoreShow Less
MM 2.5K
0.20% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.25% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.15% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Armstrong 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 2018

Lender APR Rate (%) Points Fees Monthly
Learn More
Flagstar Bank, FSB
NMLS ID: 417490
4.544% 4.500% 0.13 $1,285 $1,267 Learn More
Cardinal Financial Co., Limited Partnership
NMLS ID: 66247
4.787% 4.750% 0.13 $1,060 $1,305 Learn More
CapWest Home Loans
NMLS ID: 6521
4.659% 4.625% 0.00 $997 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.040% 4.990% 0.25 $1,424 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Armstrong Bank
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Armstrong Bank Locations

Financial Details

Armstrong Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Armstrong 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
Armstrong Bank U.S. Bank Average
8.64% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2017, Armstrong Bank had $9,177,000 in non-current loans and $1,538,000 in owned real estate. To cover these potential losses it had $117,803,000 in equity and $6,269,000 in loans loss reserves. That gives it a Texas Ratio of 8.64%.

Return on Equity
Armstrong Bank U.S. Bank Average
19.21% 8.84%

Armstrong Bank has a Return on Equity of 19.21% versus the BestCashCow average of 8.84%. 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.

Armstrong Bank U.S. Bank Average
12.78% 12.21%

Armstrong Bank has a Capitalization of 12.78% versus the BestCashCow average of 12.21. 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.

Armstrong Bank Balance Sheet Analysis

As of September 30, 2017, Armstrong Bank had assets of $921,949,000, loans of $677,798,000, and deposits of $799,002,000. 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.

Frequently Asked Questions About Armstrong Bank

Branches and Savings

Is Armstrong Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2315.

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

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

Why are Armstrong Bank CD rates not competitive?

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

Is Armstrong Bank a commercial bank?


Where are Armstrong Bank locations?

See branch locations nearby.

Is Armstrong Bank open on Saturdays?

Is Armstrong Bank open on Sundays?

What time does Armstrong Bank open?

What time does Armstrong Bank close?

Are Armstrong Bank ATMs Open 24/7?

Do Armstrong Bank ATMs accept cash deposits?

Can Armstrong Bank customers use other ATMs?

Do Armstrong Bank branches have notaries?

Will Armstrong Bank notarize my document?

What address for Armstrong Bank should I put for incoming ACH transfers?

Will the Armstrong Bank branch print checks?

Do Armstrong Bank checks expire?

Does Armstrong Bank require US citizenship to open account?

Can Armstrong Bank close my account?

Does Armstrong Bank Report to credit bureaus?

Does Armstrong Bank Use Equifax?

What is Armstrong Bank's ACH Routing Number?

What is Armstrong Bank's SWIFT code?


Does Armstrong Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Armstrong Bank offer personal loans?

Compare personal loan rates here.

Does Armstrong Bank offer student loans?

Will Armstrong Bank cash a check?

Will Armstrong Bank redeem a savings bond?

Does Armstrong Bank cash savings bonds?

Will Armstrong Bank cash money orders?

Can Armstrong Bank issue a money order?

Does Armstrong Bank do currency exchange?

Background on The Bank

Who owns Armstrong Bank?

How long has Armstrong Bank been around?

Can Armstrong Bank transfer to other banks?

Does Armstrong Bank have quick pay?

Does Armstrong Bank accept rolled coins?

Will Armstrong Bank accept loose change?

Where is Armstrong Bank headquarters?

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