The Bank of Kremlin

102 6th Street
Kremlin, OK 73753

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11526
Date Established 1900
Assets $0.31 billion
Loans $0.23 billion
Deposits $0.26 billion
Capital $0.03 billion

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.

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 - September 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $74,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.00% $1,000 - Learn MoreShow Less
6 Mo CD
1.40% $1,000 - Learn MoreShow Less
12 Mo CD
2.00% $1,000 - Learn MoreShow Less
18 Mo CD
2.05% $1,000 - Learn MoreShow Less
24 Mo CD
2.20% $1,000 - Learn MoreShow Less
30 Mo CD
2.25% $1,000 - Learn MoreShow Less
36 Mo CD
2.40% $1,000 - Learn MoreShow Less
48 Mo CD
2.55% $1,000 - Learn MoreShow Less
60 Mo CD
2.55% $1,000 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - September 18, 2019

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.538% 3.500% 0.50 $1,175 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to The Bank of Kremlin
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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
The Bank of Kremlin U.S. Bank Average
7.51% 6.94%

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 March 31, 2019, The Bank of Kremlin had $2,639,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $32,177,000 in equity and $2,944,000 in loans loss reserves. That gives it a Texas Ratio of 7.51%.

Return on Equity
The Bank of Kremlin U.S. Bank Average
20.36% 9.47%

The Bank of Kremlin has a Return on Equity of 20.36% versus the BestCashCow average of 9.47%. 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
10.38% 12.49%

The Bank of Kremlin has a Capitalization of 10.38% versus the BestCashCow average of 12.49. 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 March 31, 2019, The Bank of Kremlin had assets of $309,895,000, loans of $229,245,000, and deposits of $262,828,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.23 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 $0.28 billion
LIABILITIES
Total deposits $0.26 billion
      Interest-bearing deposits $0.21 billion
      Deposits held in domestic offices $0.26 billion
      % insured (estimated) 77.99%
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 $0.28 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 2019
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

Bank Loan Profile?

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

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 9.51
Multifamily
Mortgages
0.07
Credit Card Loans 0.00
Consumer Auto Loans 2.23
Small Business Loans 0.00
Construction and Development Loans 0.78
Commercial Real Estate 12.22
Commercial and Industrial Loans 13.34
Farm Loans 38.09

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?

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