2024 Overview
General Bank Information
Oxford Bank is an FDIC insured institution located in Oxford, MI. It was founded in 1884 and has approximately $0.82 billion in assets. Customers can open an account at one of its 10 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 9719 |
| Date Established | 1884 |
| Assets | $ 816.63 million |
| Loans | $ 536.47 million |
| Deposits | $ 716.64 million |
| Capital | $ 89.72 million |
For a more detailed analysis of Oxford Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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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
Oxford 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:
Columbus,Ohio
Climate Policy and Initiatives
Oxford Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Oxford Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Oxford 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
| Oxford Bank | U.S. Bank Average |
|---|---|
| 10.21% | 3.96% |
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, 2024, Oxford Bank had $9,785,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $89,717,000 in equity and $6,085,000 in loans loss reserves. That gives it a Texas Ratio of 10.21%.
Return on Equity
| Oxford Bank | U.S. Bank Average |
|---|---|
| 15.36% | 12.20% |
Oxford Bank has a Return on Equity of 15.36% versus the BestCashCow average of 12.20%. 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
| Oxford Bank | U.S. Bank Average |
|---|---|
| 10.99% | 10.76% |
Oxford Bank has a Capitalization of 10.99% versus the BestCashCow average of 10.76. 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.
Oxford Bank Balance Sheet Analysis
As of December 31, 2023, Oxford Bank had assets of $816,631,000, loans of $536,471,000, and deposits of $716,641,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 88.38 million |
| Interest-bearing balances | $ 60.41 million |
| Total securities | $ 142.43 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 536.47 million |
| Loan loss allowance | $ 6.09 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 7.48 million |
| All other assets | $ 21.14 million |
| Total Assets | $ 726.91 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 716.64 million |
| Interest-bearing deposits | $ 413.03 million |
| Deposits held in domestic offices | $ 716.64 million |
| % insured (estimated) | 58.90% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 2.95 million |
| Total Liabilities | $ 726.91 million |
| Shareholders’ Equity | $ 89.72 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 43.62 million |
| Total Interest Expense | $ 4.97 million |
| Net interest income | $ 38.65 million |
| Provision for loan and lease losses | $ 1.90 million |
| Total non interest income | $ 6.53 million |
| Total non interest expense | $ 27.32 million |
| Pre-tax Net Operating Income | $ 4.12 million |
Bank Loan Profile?
The top three loan types in Oxford Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.
Compared to other banks in Michigan, Oxford Bank has a significantly higher percent of Commercial and Industrial 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 | 5.60 | ✓ | ||
| Multifamily Mortgages |
3.15 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.33 | ✓ | ||
| Small Business Loans | 13.07 | ✓ | ||
| Construction and Development Loans | 5.40 | ✓ | ||
| Commercial Real Estate | 43.65 | ✓ | ||
| Commercial and Industrial Loans | 19.27 | ✓ | ||
| Farm Loans | 0.02 | ✓ | ||
Customer Reviews for Oxford Bank
Gloria Borchman
July 3, 2023
My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20 years.
Today a new manager to me, Dot Arnold, refused to complete my transaction. I endorsed a money order made out to me and made it payable to my niece on the back. I then wrote "For Deposit Only" under making the money order payable to my niece. I wanted to deposit it into her account. I have done this numerous times over the years, but today the manager, Dot Arnold said that it could not be done. She said banking laws had changed and that this was illegal. Nowhere can I find that this illegal. If a 20 year business relationship with a bank and a respectable constant bank balance are not appreciated by a financial institution, maybe I should be banking somewhere else.
Take this into consideration when you begin a financial relationship with a bank
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