McClain Bank

131 West Main Street
Purcell, OK 73080

Notable Rates APY Vs.Others
Savings 0.25% 2.20% →
1-Year CD 1.31% 2.20% →
2-Year CD 1.46% 2.20% →
5-Year CD 1.66% 2.60% →
30-Year Mortgage 3.42% 3.31% →
15-Year Mortgage 3.20% 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

McClain Bank is an FDIC insured institution located in Purcell, OK. It was founded in 1922 and has approximately $0.22 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 4187
Date Established 1922
Assets $0.22 billion
Loans $0.16 billion
Deposits $0.19 billion
Capital $0.03 billion
 

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

Deposit Rates - February 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $2,500 $4,999 Learn MoreShow Less
Money Market
0.75% $5,000 $24,999 Learn MoreShow Less
Money Market
0.90% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.55% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.55% $100,000 - Learn MoreShow Less
6 Mo CD
0.95% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
1.15% $100,000 - Learn MoreShow Less
12 Mo CD
1.10% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.31% $100,000 - Learn MoreShow Less
18 Mo CD
1.26% $1,000 - Learn MoreShow Less
24 Mo CD
1.46% $1,000 - Learn MoreShow Less
30 Mo CD
1.46% $1,000 - Learn MoreShow Less
36 Mo CD
1.56% $1,000 - Learn MoreShow Less
60 Mo CD
1.66% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.21% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,500 - Learn MoreShow Less

Loan Rates - February 27, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

McClain 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


McClain Bank Locations


Financial Details

McClain Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of McClain 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
McClain Bank U.S. Bank Average
16.06% 6.70%

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 September 30, 2019, McClain Bank had $4,715,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,763,000 in equity and $1,592,000 in loans loss reserves. That gives it a Texas Ratio of 16.06%.

Return on Equity
McClain Bank U.S. Bank Average
12.58% 9.72%

McClain Bank has a Return on Equity of 12.58% versus the BestCashCow average of 9.72%. 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
McClain Bank U.S. Bank Average
12.38% 12.89%

McClain Bank has a Capitalization of 12.38% versus the BestCashCow average of 12.89. 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.

McClain Bank Balance Sheet Analysis

As of September 30, 2019, McClain Bank had assets of $224,177,000, loans of $157,616,000, and deposits of $194,071,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.16 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 $0.20 billion
LIABILITIES
Total deposits $0.19 billion
      Interest-bearing deposits $0.14 billion
      Deposits held in domestic offices $0.19 billion
      % insured (estimated) 90.69%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.20 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in McClain Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks, McClain Bank’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 31.00
Multifamily
Mortgages
0.33
Credit Card Loans 0.00
Consumer Auto Loans 1.05
Small Business Loans 0.00
Construction and Development Loans 12.02
Commercial Real Estate 31.48
Commercial and Industrial Loans 11.52
Farm Loans 1.88

Frequently Asked Questions About Mcclain Bank

Branches and Savings

Is Mcclain Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4187.

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

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

Why are Mcclain Bank CD rates not competitive?

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

Is Mcclain Bank a commercial bank?

Yes

Where are Mcclain Bank locations?

See branch locations nearby.

Is Mcclain Bank open on Saturdays?

Is Mcclain Bank open on Sundays?

What time does Mcclain Bank open?

What time does Mcclain Bank close?

Are Mcclain Bank ATMs Open 24/7?

Do Mcclain Bank ATMs accept cash deposits?

Can Mcclain Bank customers use other ATMs?

Do Mcclain Bank branches have notaries?

Will Mcclain Bank notarize my document?

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

Will the Mcclain Bank branch print checks?

Do Mcclain Bank checks expire?

Does Mcclain Bank require US citizenship to open account?

Can Mcclain Bank close my account?

Does Mcclain Bank Report to credit bureaus?

Does Mcclain Bank Use Equifax?

What is Mcclain Bank's ACH Routing Number?

What is Mcclain Bank's SWIFT code?

Products

Does Mcclain Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mcclain Bank offer personal loans?

Compare personal loan rates here.

Does Mcclain Bank offer student loans?

Will Mcclain Bank cash a check?

Will Mcclain Bank redeem a savings bond?

Does Mcclain Bank cash savings bonds?

Will Mcclain Bank cash money orders?

Can Mcclain Bank issue a money order?

Does Mcclain Bank do currency exchange?

Background on The Bank

Who owns Mcclain Bank?

How long has Mcclain Bank been around?

Can Mcclain Bank transfer to other banks?

Does Mcclain Bank have quick pay?

Does Mcclain Bank accept rolled coins?

Will Mcclain Bank accept loose change?

Where is Mcclain Bank headquarters?

Customer Reviews for McClain Bank


  • December 30, 2019 |

    Disappointing. My family has been working through McClain bank for a number of services over the years. We've overlooked many mistakes that have been made, but are not going to overlook the terrible customer service any longer. We use them despite the higher than normal loan rates, lack of understanding of products they sell, but have noticed a sharp decline in care for our business. If you want a bank that values you as a customer, go elsewhere. Would rate them as zero stars, if it were an option.

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