The Bank of Kremlin

Headquarters

102 6th Street
Kremlin, OK 73753
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.62% →
1-Year CD 0.40% 1.55% →
2-Year CD 0.65% 1.45% →
5-Year CD 0.65% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Bank of Kremlin is an FDIC insured institution located in Kremlin, OK. It was founded in 1900 and has approximately $0.31 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 11526
Date Established 1900
Assets $ 314.42 million
Loans $ 228.29 million
Deposits $ 264.41 million
Capital $ 37.90 million
 

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

Deposit Rates - May 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 - Learn More
Money Market
0.05% $1 $9,999 Learn More
Money Market
0.08% $10,000 $74,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn More
6 Mo CD
0.30% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.45% $1,000 - Learn More
24 Mo CD
0.65% $1,000 - Learn More
30 Mo CD
0.65% $1,000 - Learn More
36 Mo CD
0.65% $1,000 - Learn More
48 Mo CD
0.65% $1,000 - Learn More
60 Mo CD
0.65% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - May 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Bank of Kremlin

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
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to The Bank of Kremlin
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

The Bank of Kremlin 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


The Bank of Kremlin Locations


Financial Details

The Bank of Kremlin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Kremlin. 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
The Bank of Kremlin U.S. Bank Average
2.55% 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, The Bank of Kremlin had $785,000 in non-current loans and $185,000 in owned real estate. To cover these potential losses it had $37,895,000 in equity and $215,000 in loans loss reserves. That gives it a Texas Ratio of 2.55%.

Return on Equity
The Bank of Kremlin U.S. Bank Average
1.68% 9.41%

The Bank of Kremlin has a Return on Equity of 1.68% 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
The Bank of Kremlin U.S. Bank Average
12.05% 12.82%

The Bank of Kremlin has a Capitalization of 12.05% 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.

The Bank of Kremlin Balance Sheet Analysis

As of December 31, 2019, The Bank of Kremlin had assets of $314,418,000, loans of $228,293,000, and deposits of $264,405,000. 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 $ 17.88 million
Interest-bearing balances $ 13.22 million
Total securities $ 31.30 million
Federal funds sold and reverse repurchase $ 16.01 million
Net loans and leases $ 228.29 million
Loan loss allowance $ 0.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles $ 9.39 million
All other assets $ 6.58 million
     Total Assets $ 276.52 million
LIABILITIES
Total deposits $ 264.41 million
      Interest-bearing deposits $ 206.60 million
      Deposits held in domestic offices $ 264.41 million
      % insured (estimated) 76.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.59 million
Subordinated debt N.A.
All other liabilities $ 0.53 million
      Total Liabilities $ 276.52 million
      Shareholders’ Equity $ 37.90 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 2.49 million
Total Interest Expense $ 0.64 million
Net interest income $ 1.86 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 0.21 million
Total non interest expense $ 1.29 million
Pre-tax Net Operating Income $ 0.57 million

Bank Loan Profile?

The top three loan types in The Bank of Kremlin’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Oklahoma, The Bank of Kremlin has a significantly higher percent of Farm 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 9.57
Multifamily
Mortgages
0.07
Credit Card Loans 0.00
Consumer Auto Loans 2.33
Small Business Loans 4.95
Construction and Development Loans 1.14
Commercial Real Estate 13.07
Commercial and Industrial Loans 12.23
Farm Loans 33.83

Frequently Asked Questions About The Bank Of Kremlin

Branches and Savings

Is The Bank Of Kremlin FDIC insured?

Yes. It is covered under FDIC Certificate #11526.

Why does The Bank Of Kremlin pay such low interest on savings accounts?

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

Why are The Bank Of Kremlin CD rates not competitive?

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

Is The Bank Of Kremlin a commercial bank?

Yes

Where are The Bank Of Kremlin locations?

See branch locations nearby.

Is The Bank Of Kremlin open on Saturdays?

Is The Bank Of Kremlin open on Sundays?

What time does The Bank Of Kremlin open?

What time does The Bank Of Kremlin close?

Are The Bank Of Kremlin ATMs Open 24/7?

Do The Bank Of Kremlin ATMs accept cash deposits?

Can The Bank Of Kremlin customers use other ATMs?

Do The Bank Of Kremlin branches have notaries?

Will The Bank Of Kremlin notarize my document?

What address for The Bank Of Kremlin should I put for incoming ACH transfers?

Will the The Bank Of Kremlin branch print checks?

Do The Bank Of Kremlin checks expire?

Does The Bank Of Kremlin require US citizenship to open account?

Can The Bank Of Kremlin close my account?

Does The Bank Of Kremlin Report to credit bureaus?

Does The Bank Of Kremlin Use Equifax?

What is The Bank Of Kremlin's ACH Routing Number?

What is The Bank Of Kremlin's SWIFT code?

Products

Does The Bank Of Kremlin offer mortgages?

Compare mortgage rates here.

Does The Bank Of Kremlin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Bank Of Kremlin offer personal loans?

Compare personal loan rates here.

Does The Bank Of Kremlin offer student loans?

Will The Bank Of Kremlin cash a check?

Will The Bank Of Kremlin redeem a savings bond?

Does The Bank Of Kremlin cash savings bonds?

Will The Bank Of Kremlin cash money orders?

Can The Bank Of Kremlin issue a money order?

Does The Bank Of Kremlin do currency exchange?

Background on The Bank

Who owns The Bank Of Kremlin?

How long has The Bank Of Kremlin been around?

Can The Bank Of Kremlin transfer to other banks?

Does The Bank Of Kremlin have quick pay?

Does The Bank Of Kremlin accept rolled coins?

Will The Bank Of Kremlin accept loose change?

Where is The Bank Of Kremlin headquarters?

Customer Reviews for The Bank of Kremlin

There are currently no comments for The Bank of Kremlin. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →