Bank of Locust Grove

Main Street
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 via 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, Bank of Locust Grove’s loan portfolio does not show any specific loan specialty.

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 8.10
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 7.28
Small Business Loans 11.51
Construction and Development Loans 0.98
Commercial Real Estate 11.51
Commercial and Industrial Loans 23.95
Farm Loans 2.83

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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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:
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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. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Bank of Locust Grove U.S. Bank Average
1.69% 9.11%

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, 2016, Bank of Locust Grove had $74,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,827,000 in equity and $540,000 in loans loss reserves. That gives it a Texas Ratio of 1.69%. 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
12.2% 9.45%

Bank of Locust Grove has a Return on Equity of 12.2% versus the BestCashCow average of 9.45%. 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
11.85% 11.28%

Bank of Locust Grove has a Capitalization of 11.85% versus the BestCashCow average of 11.28%. 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, 2016, Bank of Locust Grove had assets of $32,301,000, loans of $20,372,000, and deposits of $28,068,000. 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.

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