FirstOak Bank

113 North Penn Avenue
Independence, KS 67301

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4660
Date Established 1881
Assets $0.18 billion
Loans $0.13 billion
Deposits $0.15 billion
Capital $0.02 billion

FirstOak Bank is an FDIC insured institution located in Independence, KS. It was founded in 1881 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

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

Compared to other banks in Kansas, FirstOak Bank has a significantly higher percent of Construction and Development 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 20.51
Multifamily
Mortgages
0.97
Credit Card Loans 0.00
Consumer Auto Loans 0.87
Small Business Loans 12.91
Construction and Development Loans 11.12
Commercial Real Estate 25.28
Commercial and Industrial Loans 11.64
Farm Loans 8.39

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,500 $24,999 Learn MoreShow Less
Money Market
0.38% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.60% $1,000 - Learn MoreShow Less
6 Mo CD
0.65% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1,000 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FirstOak Bank

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
4.659% 4.625% 0.38 $988 $1,286 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.500% 5.500% 0.00 $0 $1,420 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.565% 4.500% 0.38 $2,007 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to FirstOak Bank
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Branches

FirstOak Bank 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


FirstOak Bank Locations

Financial Details

FirstOak Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FirstOak Bank. 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
FirstOak Bank U.S. Bank Average
0.57% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, FirstOak Bank had $50,000 in non-current loans and $63,000 in owned real estate. To cover these potential losses it had $18,568,000 in equity and $1,411,000 in loans loss reserves. That gives it a Texas Ratio of 0.57%.

Return on Equity
FirstOak Bank U.S. Bank Average
18.52% 9.77%

FirstOak Bank has a Return on Equity of 18.52% versus the BestCashCow average of 9.77%. 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
FirstOak Bank U.S. Bank Average
10.16% 12.31%

FirstOak Bank has a Capitalization of 10.16% versus the BestCashCow average of 12.31. 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.

FirstOak Bank Balance Sheet Analysis

As of June 30, 2018, FirstOak Bank had assets of $182,697,000, loans of $128,629,000, and deposits of $154,990,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.16 billion
LIABILITIES
Total deposits $0.15 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.15 billion
      % insured (estimated) 72.38%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Firstoak Bank

Branches and Savings

Is Firstoak Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4660.

Why does Firstoak Bank pay such low interest on savings accounts?

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

Why are Firstoak Bank CD rates not competitive?

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

Is Firstoak Bank a commercial bank?

Yes

Where are Firstoak Bank locations?

See branch locations nearby.

Is Firstoak Bank open on Saturdays?

Is Firstoak Bank open on Sundays?

What time does Firstoak Bank open?

What time does Firstoak Bank close?

Are Firstoak Bank ATMs Open 24/7?

Do Firstoak Bank ATMs accept cash deposits?

Can Firstoak Bank customers use other ATMs?

Do Firstoak Bank branches have notaries?

Will Firstoak Bank notarize my document?

What address for Firstoak Bank should I put for incoming ACH transfers?

Will the Firstoak Bank branch print checks?

Do Firstoak Bank checks expire?

Does Firstoak Bank require US citizenship to open account?

Can Firstoak Bank close my account?

Does Firstoak Bank Report to credit bureaus?

Does Firstoak Bank Use Equifax?

What is Firstoak Bank's ACH Routing Number?

What is Firstoak Bank's SWIFT code?

Products

Does Firstoak Bank offer mortgages?

Compare mortgage rates here.

Does Firstoak Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstoak Bank offer personal loans?

Compare personal loan rates here.

Does Firstoak Bank offer student loans?

Will Firstoak Bank cash a check?

Will Firstoak Bank redeem a savings bond?

Does Firstoak Bank cash savings bonds?

Will Firstoak Bank cash money orders?

Can Firstoak Bank issue a money order?

Does Firstoak Bank do currency exchange?

Background on The Bank

Who owns Firstoak Bank?

How long has Firstoak Bank been around?

Can Firstoak Bank transfer to other banks?

Does Firstoak Bank have quick pay?

Does Firstoak Bank accept rolled coins?

Will Firstoak Bank accept loose change?

Where is Firstoak Bank headquarters?

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