Bank of Cushing


224 East Broadway
Cushing, OK 74023
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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

Bank of Cushing is an FDIC insured institution located in Cushing, OK. It was founded in 1897 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 4075
Date Established 1897
Assets $ 116.01 million
Loans $ 39.85 million
Deposits $ 92.51 million
Capital $ 24.98 million

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

Deposit Rates - July 30, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - July 30, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Cushing

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

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Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More
NMLS ID: 2890
License#: 13256
2.542% 2.500%
0.50 points
$1,382 fees
$988 Learn More
CIT Bank
NMLS ID: 541760
2.825% 2.750%
1.00 points
$2,425 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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BMO Harris Bank
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4.840 %
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
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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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Note to Bank of Cushing
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Financial Details

Bank of Cushing Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Cushing. 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
Bank of Cushing U.S. Bank Average
0.02% 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, Bank of Cushing had $4,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $24,980,000 in equity and $572,000 in loans loss reserves. That gives it a Texas Ratio of 0.02%.

Return on Equity
Bank of Cushing U.S. Bank Average
6.38% 11.43%

Bank of Cushing has a Return on Equity of 6.38% 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.

Bank of Cushing U.S. Bank Average
21.53% 11.51%

Bank of Cushing has a Capitalization of 21.53% 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.

Bank of Cushing Balance Sheet Analysis

As of December 31, 2019, Bank of Cushing had assets of $117,763,000, loans of $39,846,000, and deposits of $92,510,000. 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 $ 5.39 million
Interest-bearing balances $ 3.77 million
Total securities $ 60.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 39.85 million
Loan loss allowance $ 0.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 8.88 million
All other assets $ 1.35 million
     Total Assets $ 92.78 million
Total deposits $ 92.51 million
      Interest-bearing deposits $ 57.30 million
      Deposits held in domestic offices $ 92.51 million
      % insured (estimated) 73.62%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.27 million
      Total Liabilities $ 92.78 million
      Shareholders’ Equity $ 23.23 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 4.57 million
Total Interest Expense $ 0.52 million
Net interest income $ 4.06 million
Provision for loan and lease losses $ 0.53 million
Total non interest income $ 1.06 million
Total non interest expense $ 3.10 million
Pre-tax Net Operating Income $ 1.49 million

Bank Loan Profile?

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

Compared to other banks in Oklahoma, Bank of Cushing has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 3.29
Credit Card Loans 0.00
Consumer Auto Loans 4.13
Small Business Loans 19.34
Construction and Development Loans 8.71
Commercial Real Estate 45.16
Commercial and Industrial Loans 25.62
Farm Loans 4.60

Frequently Asked Questions About Bank Of Cushing

Branches and Savings

Is Bank Of Cushing FDIC insured?

Yes. It is covered under FDIC Certificate #4075.

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

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

Why are Bank Of Cushing CD rates not competitive?

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

Is Bank Of Cushing a commercial bank?


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Does Bank Of Cushing offer mortgages?

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

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Background on The Bank

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