Bank of Western Oklahoma

201 East Broadway Street
Elk City, OK 73644

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4087
Date Established 1908
Assets $0.27 billion
Loans $0.21 billion
Deposits $0.24 billion
Capital $0.02 billion

Bank of Western Oklahoma is an FDIC insured institution located in Elk City, OK. It was founded in 1908 and has approximately $0.27 billion in assets. Customers can open an account at one of its 6 branches.

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

Compared to other banks, Bank of Western Oklahoma’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 20.90
Multifamily
Mortgages
3.29
Credit Card Loans 0.00
Consumer Auto Loans 0.43
Small Business Loans 10.03
Construction and Development Loans 1.02
Commercial Real Estate 11.85
Commercial and Industrial Loans 7.44
Farm Loans 16.08

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Western Oklahoma, 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 Western Oklahoma

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
vLoan
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 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 Western Oklahoma
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Branches

Bank of Western Oklahoma 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 Western Oklahoma Locations

Financial Details

Bank of Western Oklahoma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Western Oklahoma. 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 Western Oklahoma U.S. Bank Average
1.19% 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 Western Oklahoma had $287,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,214,000 in equity and $1,817,000 in loans loss reserves. That gives it a Texas Ratio of 1.19%. 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 Western Oklahoma U.S. Bank Average
16.81% 8.58

Bank of Western Oklahoma has a Return on Equity of 16.81% 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 Western Oklahoma U.S. Bank Average
8.32% 12.11

Bank of Western Oklahoma has a Capitalization of 8.32% 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 Western Oklahoma Balance Sheet Analysis

As of June 30, 2017, Bank of Western Oklahoma had assets of $266,982,000, loans of $213,821,000, and deposits of $243,772,000. 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 Western Oklahoma

Branches and Savings

Is Bank of Western Oklahoma FDIC insured?

Yes. It is covered under FDIC Certificate #4087.

Why does Bank of Western Oklahoma 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 Western Oklahoma CD rates not competitive?

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

Is Bank of Western Oklahoma a commercial bank?

Yes

Where are Bank of Western Oklahoma locations?

See branch locations nearby.

Is Bank of Western Oklahoma open on Saturdays?

Is Bank of Western Oklahoma open on Sundays?

What time does Bank of Western Oklahoma open?

What time does Bank of Western Oklahoma close?

Are Bank of Western Oklahoma ATMs Open 24/7?

Do Bank of Western Oklahoma ATMs accept cash deposits?

Can Bank of Western Oklahoma customers use other ATMs?

Do Bank of Western Oklahoma branches have notaries?

Will Bank of Western Oklahoma notarize my document?

What address for Bank of Western Oklahoma should I put for incoming ACH transfers?

Will the Bank of Western Oklahoma branch print checks?

Do Bank of Western Oklahoma checks expire?

Does Bank of Western Oklahoma require US citizenship to open account?

Can Bank of Western Oklahoma close my account?

Does Bank of Western Oklahoma Report to credit bureaus?

Does Bank of Western Oklahoma Use Equifax?

What is Bank of Western Oklahoma's ACH Routing Number?

What is Bank of Western Oklahoma's SWIFT code?

Products

Does Bank of Western Oklahoma offer mortgages?

Compare mortgage rates here.

Does Bank of Western Oklahoma offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Western Oklahoma offer personal loans?

Compare personal loan rates here.

Does Bank of Western Oklahoma offer student loans?

Will Bank of Western Oklahoma cash a check?

Will Bank of Western Oklahoma redeem a savings bond?

Does Bank of Western Oklahoma cash savings bonds?

Will Bank of Western Oklahoma cash money orders?

Can Bank of Western Oklahoma issue a money order?

Does Bank of Western Oklahoma do currency exchange?

Background on The Bank

Who owns Bank of Western Oklahoma?

How long has Bank of Western Oklahoma been around?

Can Bank of Western Oklahoma transfer to other banks?

Does Bank of Western Oklahoma have quick pay?

Does Bank of Western Oklahoma accept rolled coins?

Will Bank of Western Oklahoma accept loose change?

Where is Bank of Western Oklahoma headquarters?

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