Bank of the Panhandle

Headquarters

13th And Main Streets
Guymon, OK 73942
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.80% 0.95% →
2-Year CD 0.90% 1.05% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of the Panhandle is an FDIC insured institution located in Guymon, OK. It was founded in 1976 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22340
Date Established 1976
Assets $ 178.06 million
Loans $ 108.19 million
Deposits $ 141.91 million
Capital $ 20.88 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 28, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of the Panhandle

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.823% 2.750% 0.50 $2,358 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,110 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Bank of the Panhandle
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of the Panhandle 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:
Seattle,Washington


Bank of the Panhandle Locations


Financial Details

Bank of the Panhandle Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Panhandle. 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 the Panhandle U.S. Bank Average
2.61% 6.94%

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, 2020, Bank of the Panhandle had $590,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,884,000 in equity and $1,764,000 in loans loss reserves. That gives it a Texas Ratio of 2.61%.

Return on Equity
Bank of the Panhandle U.S. Bank Average
13.62% 7.80%

Bank of the Panhandle has a Return on Equity of 13.62% versus the BestCashCow average of 7.80%. 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 the Panhandle U.S. Bank Average
11.73% 12.68%

Bank of the Panhandle has a Capitalization of 11.73% versus the BestCashCow average of 12.68. 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 the Panhandle Balance Sheet Analysis

As of March 31, 2020, Bank of the Panhandle had assets of $178,056,000, loans of $108,194,000, and deposits of $141,911,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 24.66 million
Interest-bearing balances $ 22.70 million
Total securities $ 41.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 108.19 million
Loan loss allowance $ 1.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.57 million
     Total Assets $ 157.17 million
LIABILITIES
Total deposits $ 141.91 million
      Interest-bearing deposits $ 119.07 million
      Deposits held in domestic offices $ 141.91 million
      % insured (estimated) 82.44%
Federal funds purchased and repurchase agreements $ 12.84 million
Trading liabilities N.A.
Other borrowed funds $ 1.50 million
Subordinated debt N.A.
All other liabilities $ 0.93 million
      Total Liabilities $ 157.17 million
      Shareholders’ Equity $ 20.88 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.01 million
Total Interest Expense $ 0.36 million
Net interest income $ 1.64 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 0.25 million
Total non interest expense $ 1.13 million
Pre-tax Net Operating Income $ 0.67 million

Bank Loan Profile?

The top three loan types in Bank of the Panhandle’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in Oklahoma, Bank of the Panhandle has a significantly higher percent of Credit Card 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 12.55
Multifamily
Mortgages
1.25
Credit Card Loans 0.26
Consumer Auto Loans 0.55
Small Business Loans 0.00
Construction and Development Loans 10.75
Commercial Real Estate 34.83
Commercial and Industrial Loans 19.09
Farm Loans 13.11

Frequently Asked Questions About Bank Of The Panhandle

Branches and Savings

Is Bank Of The Panhandle FDIC insured?

Yes. It is covered under FDIC Certificate #22340.

Why does Bank Of The Panhandle 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 The Panhandle CD rates not competitive?

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

Is Bank Of The Panhandle a commercial bank?

Yes

Where are Bank Of The Panhandle locations?

See branch locations nearby.

Is Bank Of The Panhandle open on Saturdays?

Is Bank Of The Panhandle open on Sundays?

What time does Bank Of The Panhandle open?

What time does Bank Of The Panhandle close?

Are Bank Of The Panhandle ATMs Open 24/7?

Do Bank Of The Panhandle ATMs accept cash deposits?

Can Bank Of The Panhandle customers use other ATMs?

Do Bank Of The Panhandle branches have notaries?

Will Bank Of The Panhandle notarize my document?

What address for Bank Of The Panhandle should I put for incoming ACH transfers?

Will the Bank Of The Panhandle branch print checks?

Do Bank Of The Panhandle checks expire?

Does Bank Of The Panhandle require US citizenship to open account?

Can Bank Of The Panhandle close my account?

Does Bank Of The Panhandle Report to credit bureaus?

Does Bank Of The Panhandle Use Equifax?

What is Bank Of The Panhandle's ACH Routing Number?

What is Bank Of The Panhandle's SWIFT code?

Products

Does Bank Of The Panhandle offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of The Panhandle offer personal loans?

Compare personal loan rates here.

Does Bank Of The Panhandle offer student loans?

Will Bank Of The Panhandle cash a check?

Will Bank Of The Panhandle redeem a savings bond?

Does Bank Of The Panhandle cash savings bonds?

Will Bank Of The Panhandle cash money orders?

Can Bank Of The Panhandle issue a money order?

Does Bank Of The Panhandle do currency exchange?

Background on The Bank

Who owns Bank Of The Panhandle?

How long has Bank Of The Panhandle been around?

Can Bank Of The Panhandle transfer to other banks?

Does Bank Of The Panhandle have quick pay?

Does Bank Of The Panhandle accept rolled coins?

Will Bank Of The Panhandle accept loose change?

Where is Bank Of The Panhandle headquarters?

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