Central Bank of Oklahoma

Headquarters

8908 South Yale Avenue, Suite 100
Tulsa, OK 74137
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.60% →
1-Year CD 0.80% 1.35% →
2-Year CD 1.00% 1.45% →
5-Year CD 1.05% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Central Bank of Oklahoma is an FDIC insured institution located in Tulsa, OK. It was founded in 2000 and has approximately $0.7 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 35348
Date Established 2000
Assets $ 703.87 million
Loans $ 579.43 million
Deposits $ 544.18 million
Capital $ 133.44 million
 

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

Deposit Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 - Learn More
Money Market
0.40% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $1,000 - Learn More
6 Mo CD
0.70% $1,000 - Learn More
12 Mo CD
0.80% $1,000 - Learn More
18 Mo CD
0.95% $1,000 - Learn More
24 Mo CD
1.00% $1,000 - Learn More
36 Mo CD
1.05% $1,000 - Learn More
48 Mo CD
1.05% $1,000 - Learn More
60 Mo CD
1.05% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $999 Learn MoreShow Less
Int Ckg
0.15% $1,000 $4,999 Learn MoreShow Less

Loan Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Central Bank of 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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Note to Central Bank of Oklahoma
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Branches

Central Bank of 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


Central Bank of Oklahoma Locations


Financial Details

Central Bank of Oklahoma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central Bank of 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
Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Central Bank of Oklahoma U.S. Bank Average
4.2% 6.51%

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 December 31, 2019, Central Bank of Oklahoma had $3,962,000 in non-current loans and $2,046,000 in owned real estate. To cover these potential losses it had $133,444,000 in equity and $9,584,000 in loans loss reserves. That gives it a Texas Ratio of 4.2%.

Return on Equity
Central Bank of Oklahoma U.S. Bank Average
8.01% 9.41%

Central Bank of Oklahoma has a Return on Equity of 8.01% versus the BestCashCow average of 9.41%. 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
Central Bank of Oklahoma U.S. Bank Average
18.96% 12.82%

Central Bank of Oklahoma has a Capitalization of 18.96% versus the BestCashCow average of 12.82. 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.

Central Bank of Oklahoma Balance Sheet Analysis

As of December 31, 2019, Central Bank of Oklahoma had assets of $703,872,000, loans of $579,431,000, and deposits of $544,180,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 12.58 million
Interest-bearing balances $ 2.81 million
Total securities $ 28.42 million
Federal funds sold and reverse repurchase $ 1.26 million
Net loans and leases $ 579.43 million
Loan loss allowance $ 9.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.05 million
Goodwill and other intangibles $ 56.93 million
All other assets $ 12.11 million
     Total Assets $ 570.43 million
LIABILITIES
Total deposits $ 544.18 million
      Interest-bearing deposits $ 422.99 million
      Deposits held in domestic offices $ 544.18 million
      % insured (estimated) 77.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.41 million
Subordinated debt N.A.
All other liabilities $ 2.84 million
      Total Liabilities $ 570.43 million
      Shareholders’ Equity $ 133.44 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 33.14 million
Total Interest Expense $ 7.21 million
Net interest income $ 25.93 million
Provision for loan and lease losses $ 0.47 million
Total non interest income $ 1.95 million
Total non interest expense $ 13.25 million
Pre-tax Net Operating Income $ 14.15 million

Bank Loan Profile?

The top three loan types in Central Bank of Oklahoma’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Oklahoma, Central Bank of Oklahoma has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Commercial Real Estate 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 18.83
Multifamily
Mortgages
4.09
Credit Card Loans 0.14
Consumer Auto Loans 0.06
Small Business Loans 13.46
Construction and Development Loans 11.92
Commercial Real Estate 53.45
Commercial and Industrial Loans 12.94
Farm Loans 0.01

Frequently Asked Questions About Central Bank Of Oklahoma

Branches and Savings

Is Central Bank Of Oklahoma FDIC insured?

Yes. It is covered under FDIC Certificate #35348.

Why does Central Bank Of Oklahoma pay such low interest on savings accounts?

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

Why are Central Bank Of Oklahoma CD rates not competitive?

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

Is Central Bank Of Oklahoma a commercial bank?

Yes

Where are Central Bank Of Oklahoma locations?

See branch locations nearby.

Is Central Bank Of Oklahoma open on Saturdays?

Is Central Bank Of Oklahoma open on Sundays?

What time does Central Bank Of Oklahoma open?

What time does Central Bank Of Oklahoma close?

Are Central Bank Of Oklahoma ATMs Open 24/7?

Do Central Bank Of Oklahoma ATMs accept cash deposits?

Can Central Bank Of Oklahoma customers use other ATMs?

Do Central Bank Of Oklahoma branches have notaries?

Will Central Bank Of Oklahoma notarize my document?

What address for Central Bank Of Oklahoma should I put for incoming ACH transfers?

Will the Central Bank Of Oklahoma branch print checks?

Do Central Bank Of Oklahoma checks expire?

Does Central Bank Of Oklahoma require US citizenship to open account?

Can Central Bank Of Oklahoma close my account?

Does Central Bank Of Oklahoma Report to credit bureaus?

Does Central Bank Of Oklahoma Use Equifax?

What is Central Bank Of Oklahoma's ACH Routing Number?

What is Central Bank Of Oklahoma's SWIFT code?

Products

Does Central Bank Of Oklahoma offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Central Bank Of Oklahoma offer personal loans?

Compare personal loan rates here.

Does Central Bank Of Oklahoma offer student loans?

Will Central Bank Of Oklahoma cash a check?

Will Central Bank Of Oklahoma redeem a savings bond?

Does Central Bank Of Oklahoma cash savings bonds?

Will Central Bank Of Oklahoma cash money orders?

Can Central Bank Of Oklahoma issue a money order?

Does Central Bank Of Oklahoma do currency exchange?

Background on The Bank

Who owns Central Bank Of Oklahoma?

How long has Central Bank Of Oklahoma been around?

Can Central Bank Of Oklahoma transfer to other banks?

Does Central Bank Of Oklahoma have quick pay?

Does Central Bank Of Oklahoma accept rolled coins?

Will Central Bank Of Oklahoma accept loose change?

Where is Central Bank Of Oklahoma headquarters?

Customer Reviews for Central Bank of Oklahoma


  • September 06, 2019 |

    CDs 60 Month Rates

    Rates listed are not accurate when you walk into the bank to create an account. Beware.

  • September 06, 2019 |

    CDs 60 Month Rates

    Rates listed are not accurate when you walk into the bank to create an account. Beware.

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