Bank of the Wichitas

623 E Street
Snyder, OK 73566

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4198
Date Established 1913
Assets $0.12 billion
Loans $0.08 billion
Deposits $0.11 billion
Capital $0.01 billion

Bank of the Wichitas is an FDIC insured institution located in Snyder, OK. It was founded in 1913 and has approximately $0.12 billion in assets.

For a more detailed analysis of Bank of the Wichitas'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 the Wichitas’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Oklahoma, Bank of the Wichitas has a significantly higher percent of Multifamily Mortgages 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 20.27
Multifamily
Mortgages
5.50
Credit Card Loans 0.00
Consumer Auto Loans 1.70
Small Business Loans 11.52
Construction and Development Loans 8.98
Commercial Real Estate 22.03
Commercial and Industrial Loans 7.10
Farm Loans 11.90

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

Your Current Location: Virginia, VA 20146

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

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
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 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 the Wichitas
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Branches

Bank of the Wichitas 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 The Wichitas Locations

Financial Details

Bank of the Wichitas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Wichitas. 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 Wichitas U.S. Bank Average
1.78% 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 the Wichitas had $39,000 in non-current loans and $172,000 in owned real estate. To cover these potential losses it had $10,644,000 in equity and $1,197,000 in loans loss reserves. That gives it a Texas Ratio of 1.78%. 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 the Wichitas U.S. Bank Average
10.09% 8.58

Bank of the Wichitas has a Return on Equity of 10.09% 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 the Wichitas U.S. Bank Average
8.6% 12.11

Bank of the Wichitas has a Capitalization of 8.6% 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 the Wichitas Balance Sheet Analysis

As of March 31, 2015, Bank of the Wichitas had assets of $123,737,000, loans of $77,100,000, and deposits of $112,540,000. 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 the Wichitas

Branches and Savings

Is Bank of the Wichitas FDIC insured?

Yes. It is covered under FDIC Certificate #4198.

Why does Bank of the Wichitas 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 Wichitas CD rates not competitive?

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

Is Bank of the Wichitas a commercial bank?

Yes

Where are Bank of the Wichitas locations?

See branch locations nearby.

Is Bank of the Wichitas open on Saturdays?

Is Bank of the Wichitas open on Sundays?

What time does Bank of the Wichitas open?

What time does Bank of the Wichitas close?

Are Bank of the Wichitas ATMs Open 24/7?

Do Bank of the Wichitas ATMs accept cash deposits?

Can Bank of the Wichitas customers use other ATMs?

Do Bank of the Wichitas branches have notaries?

Will Bank of the Wichitas notarize my document?

What address for Bank of the Wichitas should I put for incoming ACH transfers?

Will the Bank of the Wichitas branch print checks?

Do Bank of the Wichitas checks expire?

Does Bank of the Wichitas require US citizenship to open account?

Can Bank of the Wichitas close my account?

Does Bank of the Wichitas Report to credit bureaus?

Does Bank of the Wichitas Use Equifax?

What is Bank of the Wichitas's ACH Routing Number?

What is Bank of the Wichitas's SWIFT code?

Products

Does Bank of the Wichitas offer mortgages?

Compare mortgage rates here.

Does Bank of the Wichitas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of the Wichitas offer personal loans?

Compare personal loan rates here.

Does Bank of the Wichitas offer student loans?

Will Bank of the Wichitas cash a check?

Will Bank of the Wichitas redeem a savings bond?

Does Bank of the Wichitas cash savings bonds?

Will Bank of the Wichitas cash money orders?

Can Bank of the Wichitas issue a money order?

Does Bank of the Wichitas do currency exchange?

Background on The Bank

Who owns Bank of the Wichitas?

How long has Bank of the Wichitas been around?

Can Bank of the Wichitas transfer to other banks?

Does Bank of the Wichitas have quick pay?

Does Bank of the Wichitas accept rolled coins?

Will Bank of the Wichitas accept loose change?

Where is Bank of the Wichitas headquarters?

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