First Bank of Owasso

Headquarters

8601 North Garnett Road
Owasso, OK 74055
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

First Bank of Owasso is an FDIC insured institution located in Owasso, OK. It was founded in 1962 and has approximately $0.44 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 18592
Date Established 1962
Assets $ 442.74 million
Loans $ 383.42 million
Deposits $ 391.94 million
Capital $ 49.33 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank of Owasso

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to First Bank of Owasso
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Branches

First Bank of Owasso 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:
Fairfield,Connecticut


First Bank of Owasso Locations


Financial Details

First Bank of Owasso Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Owasso. 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
First Bank of Owasso U.S. Bank Average
0% 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, First Bank of Owasso had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $49,327,000 in equity and $6,001,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Bank of Owasso U.S. Bank Average
19.57% 7.80%

First Bank of Owasso has a Return on Equity of 19.57% 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
First Bank of Owasso U.S. Bank Average
11.14% 12.68%

First Bank of Owasso has a Capitalization of 11.14% 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.

First Bank of Owasso Balance Sheet Analysis

As of March 31, 2020, First Bank of Owasso had assets of $442,737,000, loans of $383,417,000, and deposits of $391,941,000. 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 $ 2.61 million
Interest-bearing balances $ 0.04 million
Total securities $ 10.99 million
Federal funds sold and reverse repurchase $ 29.06 million
Net loans and leases $ 383.42 million
Loan loss allowance $ 6.00 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 $ 2.86 million
     Total Assets $ 393.41 million
LIABILITIES
Total deposits $ 391.94 million
      Interest-bearing deposits $ 323.07 million
      Deposits held in domestic offices $ 391.94 million
      % insured (estimated) 52.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.47 million
      Total Liabilities $ 393.41 million
      Shareholders’ Equity $ 49.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.26 million
Total Interest Expense $ 1.06 million
Net interest income $ 4.20 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 0.61 million
Total non interest expense $ 2.24 million
Pre-tax Net Operating Income $ 2.39 million

Bank Loan Profile?

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

Compared to other banks in Oklahoma, First Bank of Owasso has a significantly higher percent of Small Business 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 12.96
Multifamily
Mortgages
2.07
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 14.12
Construction and Development Loans 3.08
Commercial Real Estate 79.62
Commercial and Industrial Loans 2.52
Farm Loans 0.00

Frequently Asked Questions About First Bank Of Owasso

Branches and Savings

Is First Bank Of Owasso FDIC insured?

Yes. It is covered under FDIC Certificate #18592.

Why does First Bank Of Owasso pay such low interest on savings accounts?

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

Why are First Bank Of Owasso CD rates not competitive?

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

Is First Bank Of Owasso a commercial bank?

Yes

Where are First Bank Of Owasso locations?

See branch locations nearby.

Is First Bank Of Owasso open on Saturdays?

Is First Bank Of Owasso open on Sundays?

What time does First Bank Of Owasso open?

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Are First Bank Of Owasso ATMs Open 24/7?

Do First Bank Of Owasso ATMs accept cash deposits?

Can First Bank Of Owasso customers use other ATMs?

Do First Bank Of Owasso branches have notaries?

Will First Bank Of Owasso notarize my document?

What address for First Bank Of Owasso should I put for incoming ACH transfers?

Will the First Bank Of Owasso branch print checks?

Do First Bank Of Owasso checks expire?

Does First Bank Of Owasso require US citizenship to open account?

Can First Bank Of Owasso close my account?

Does First Bank Of Owasso Report to credit bureaus?

Does First Bank Of Owasso Use Equifax?

What is First Bank Of Owasso's ACH Routing Number?

What is First Bank Of Owasso's SWIFT code?

Products

Does First Bank Of Owasso offer mortgages?

Compare mortgage rates here.

Does First Bank Of Owasso offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of Owasso offer personal loans?

Compare personal loan rates here.

Does First Bank Of Owasso offer student loans?

Will First Bank Of Owasso cash a check?

Will First Bank Of Owasso redeem a savings bond?

Does First Bank Of Owasso cash savings bonds?

Will First Bank Of Owasso cash money orders?

Can First Bank Of Owasso issue a money order?

Does First Bank Of Owasso do currency exchange?

Background on The Bank

Who owns First Bank Of Owasso?

How long has First Bank Of Owasso been around?

Can First Bank Of Owasso transfer to other banks?

Does First Bank Of Owasso have quick pay?

Does First Bank Of Owasso accept rolled coins?

Will First Bank Of Owasso accept loose change?

Where is First Bank Of Owasso headquarters?

Customer Reviews for First Bank of Owasso


  • April 10, 2015

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