Bank of Locust Grove

124 E Main St
Locust Grove, OK 74352

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16795
Date Established 1949
Assets $0.03 billion
Loans $0.02 billion
Deposits $0.03 billion
Capital $0.00 billion

Bank of Locust Grove is an FDIC insured institution located in Locust Grove, OK. It was founded in 1949 and has approximately $0.03 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Bank of Locust Grove'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 Bank of Locust Grove’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Oklahoma, Bank of Locust Grove has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial 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 6.57
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 7.68
Small Business Loans 8.52
Construction and Development Loans 0.90
Commercial Real Estate 8.53
Commercial and Industrial Loans 30.21
Farm Loans 2.81

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Locust Grove, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Locust Grove

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Locust Grove
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Branches

Bank of Locust Grove 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


Bank of Locust Grove Locations

Financial Details

Bank of Locust Grove Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Locust Grove. 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
Bank of Locust Grove U.S. Bank Average
5.72% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Locust Grove had $169,000 in non-current loans and $100,000 in owned real estate. To cover these potential losses it had $4,157,000 in equity and $547,000 in loans loss reserves. That gives it a Texas Ratio of 5.72%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Locust Grove U.S. Bank Average
10.81% 8.58

Bank of Locust Grove has a Return on Equity of 10.81% versus the BestCashCow average of 8.58. 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
Bank of Locust Grove U.S. Bank Average
12.6% 12.11

Bank of Locust Grove has a Capitalization of 12.6% versus the BestCashCow average of 12.11. 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 Locust Grove Balance Sheet Analysis

As of June 30, 2017, Bank of Locust Grove had assets of $32,980,000, loans of $21,032,000, and deposits of $28,441,000. 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 Bank of Locust Grove

Branches and Savings

Is Bank of Locust Grove FDIC insured?

Yes. It is covered under FDIC Certificate #16795.

Why does Bank of Locust Grove 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 Locust Grove CD rates not competitive?

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

Is Bank of Locust Grove a commercial bank?

Yes

Where are Bank of Locust Grove locations?

See branch locations nearby.

Is Bank of Locust Grove open on Saturdays?

Is Bank of Locust Grove open on Sundays?

What time does Bank of Locust Grove open?

What time does Bank of Locust Grove close?

Are Bank of Locust Grove ATMs Open 24/7?

Do Bank of Locust Grove ATMs accept cash deposits?

Can Bank of Locust Grove customers use other ATMs?

Do Bank of Locust Grove branches have notaries?

Will Bank of Locust Grove notarize my document?

What address for Bank of Locust Grove should I put for incoming ACH transfers?

Will the Bank of Locust Grove branch print checks?

Do Bank of Locust Grove checks expire?

Does Bank of Locust Grove require US citizenship to open account?

Can Bank of Locust Grove close my account?

Does Bank of Locust Grove Report to credit bureaus?

Does Bank of Locust Grove Use Equifax?

What is Bank of Locust Grove's ACH Routing Number?

What is Bank of Locust Grove's SWIFT code?

Products

Does Bank of Locust Grove offer mortgages?

Compare mortgage rates here.

Does Bank of Locust Grove offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Locust Grove offer personal loans?

Compare personal loan rates here.

Does Bank of Locust Grove offer student loans?

Will Bank of Locust Grove cash a check?

Will Bank of Locust Grove redeem a savings bond?

Does Bank of Locust Grove cash savings bonds?

Will Bank of Locust Grove cash money orders?

Can Bank of Locust Grove issue a money order?

Does Bank of Locust Grove do currency exchange?

Background on The Bank

Who owns Bank of Locust Grove?

How long has Bank of Locust Grove been around?

Can Bank of Locust Grove transfer to other banks?

Does Bank of Locust Grove have quick pay?

Does Bank of Locust Grove accept rolled coins?

Will Bank of Locust Grove accept loose change?

Where is Bank of Locust Grove headquarters?

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