Armstrong Bank


1215 W Okmulgee St
Muskogee, OK 74401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.75% 0.70% →
2-Year CD 0.90% 0.75% →
5-Year CD 1.11% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Armstrong Bank is an FDIC insured institution located in Muskogee, OK. It was founded in 1910 and has approximately $2.34 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 2315
Date Established 1910
Assets $ 2.34 billion
Loans $ 1,209.50 million
Deposits $ 2.08 billion
Capital $ 219.79 million

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.

Deposit Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.15% $50 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.30% $10,000 $49,999 Learn More
6 Mo CD
0.30% $10,000 $24,999 Learn More
6 Mo CD
0.65% $100,000 - Learn More
12 Mo CD
0.60% $10,000 $24,999 Learn More
12 Mo CD
0.75% $100,000 $249,999 Learn More
18 Mo CD
0.62% $10,000 $24,999 Learn More
18 Mo CD
0.85% $100,000 $249,999 Learn More
24 Mo CD
0.70% $10,000 $24,999 Learn More
24 Mo CD
0.90% $100,000 $249,999 Learn More
30 Mo CD
0.75% $10,000 $24,999 Learn More
30 Mo CD
0.92% $100,000 $249,999 Learn More
36 Mo CD
0.75% $10,000 $24,999 Learn More
36 Mo CD
1.00% $100,000 $249,999 Learn More
48 Mo CD
0.90% $10,000 $24,999 Learn More
48 Mo CD
1.06% $100,000 $249,999 Learn More
60 Mo CD
1.00% $10,000 $24,999 Learn More
60 Mo CD
1.11% $100,000 $249,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
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CIT Bank
NMLS ID: 541760
2.846% 2.775%
0.88 points
$2,312 fees
$1,024 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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4.840 %
$0 Learn More
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Note to Armstrong Bank
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Armstrong Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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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
10.17% 5.29%

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, 2021, Armstrong Bank had $23,797,000 in non-current loans and $286,000 in owned real estate. To cover these potential losses it had $219,790,000 in equity and $16,911,000 in loans loss reserves. That gives it a Texas Ratio of 10.17%.

Return on Equity
Armstrong Bank U.S. Bank Average
11.89% 11.43%

Armstrong Bank has a Return on Equity of 11.89% versus the BestCashCow average of 11.43%. 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
9.39% 11.51%

Armstrong Bank has a Capitalization of 9.39% versus the BestCashCow average of 11.51. 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 March 31, 2021, Armstrong Bank had assets of $2,339,834,000, loans of $1,209,502,000, and deposits of $2,078,614,000. 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, 2021
Cash & Balances due from depository institutions $ 440.39 million
Interest-bearing balances $ 414.19 million
Total securities $ 592.77 million
Federal funds sold and reverse repurchase $ 3.45 million
Net loans and leases $ 1,209.50 million
Loan loss allowance $ 16.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 15.73 million
All other assets $ 20.35 million
     Total Assets $ 2.12 billion
Total deposits $ 2.08 billion
      Interest-bearing deposits $ 1,370.04 million
      Deposits held in domestic offices $ 2.08 billion
      % insured (estimated) 80.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 27.64 million
Subordinated debt N.A.
All other liabilities $ 13.79 million
      Total Liabilities $ 2.12 billion
      Shareholders’ Equity $ 219.79 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 19.00 million
Total Interest Expense $ 2.48 million
Net interest income $ 16.52 million
Provision for loan and lease losses $ 0.70 million
Total non interest income $ 6.09 million
Total non interest expense $ 14.18 million
Pre-tax Net Operating Income $ 7.72 million

Bank Loan Profile?

The top three loan types in Armstrong Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial 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 29.28
Credit Card Loans 0.31
Consumer Auto Loans 2.48
Small Business Loans 9.63
Construction and Development Loans 9.87
Commercial Real Estate 27.20
Commercial and Industrial Loans 12.90
Farm Loans 2.20

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?

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Are Armstrong Bank ATMs Open 24/7?

Do Armstrong Bank ATMs accept cash deposits?

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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?

Jennifer King | Aug 1, 2019

Who is the owner now this day.

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?

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