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200 South Rockwell Avenue
Oklahoma City, OK 73128

AmericaNet Bank is headquartered in Oklahoma City and is the 113st largest bank in the state of Oklahoma. It is also the 4,161st largest bank in the nation. It was established in 1969 and as of December of 2013, it had grown to 46 employees at 2 locations. AmericaNet Bank's money market rates are 2X the national average, and it has a B+ health rating.

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This Is For Anyone Using Or Considering Americanet Bank

This is for anyone using or considering AmericaNet Bank, be very very careful!  I put $5000 in an AmericaNet Bank savings account because they offered a 2% rate.  Every quarter I'd go online and check my account.  Well, come to find, after my one year anniversary with AmericaNet Bank they began to charge a $10/month fee.  AmericaNet Bank did not provide any notice whatsoever when they started helping themselves to my money.  It wasn't until I logged on recently for my quarterly account review I found $20 missing.  After invesitigation I found that after one year, if you don't add more money, your account is considered dormant, and AmericaNet Bank starts penalizing your account $10/month every month until you add more money.  Almost seems like extortion to me!  I've used at least a dozen online Savings accounts and have never had money drained from my account like AmericaNet Bank is doing!  No bank has ever penalized me for leaving my money in their account!  But AmericaNet Bank does!  Beware, beware, beware!  AmericaNet Bank is a sham and ripoff. 

Security/Privacy Issues

I am an online rate shopper and was attracted to the 1.75% in April 2010.  I opened the account online and moved $100 in to start.  As soon as I was able to login to view my new account, I came across a statement that was available for me to view in the previous statements section of the website.  Weird, because I had not had an account with AmericaNet Bank previously... I opened it up, and was very surprised to see another individuals past money market statements.  I saw their name, address and balances on the statement and was also able to view the social security number.  I immediately sent a 'secure message' to customer service letting them know.  I received a response the next day, and was told that the account I saw was a test account, not a real account, that was included in my profile in error and that it had been removed.  I logged in again, and the statement was still there.  I grew suspicious of the explanation I was given and googled the persons name and address, which I found several entries and confirmed that this was indeed a real person.  I sent yet another message letting them know that I could still see the account, and that it appeared to be real.  They did not respond after 4 days, and I asked for the account to be closed.  Hoping that my own SSN is not out there viewable to someone who would do harm...  Stay away.

Americanet Bank Web Site Atrocious

If it were not for it's top-tier yield on it's deposit account I would have rated AmericaNet Bank only one star. What bank sends out to it's customers that their statement is available to view then at it's web site says no statements are available upon properly following correct instructions on the site? This bank has possibly the worst site of on-line financial institutions. I thought a number of months ago that they were going to switch web designers and improve their site but I guess that never materialized. I really don't know if the measly 3/4 of a percent is really worth the aggravation.

Qualifiers To Comments Of Previous Reviewer

Dormant account fees only apply if you have neither deposited any money to the account NOR made a withdrawal in 12 months AND the bank has been unable to contact the account owner.  The only complaint I have with this bank is that it takes 5-7 business days for withdrawal transfers to an external bank account.  So, if you need to cover funds drawn against an external bank account in a hurry, forget it!



Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 AmericaNet Bank had $1.32 million in non-current loans and owned real-estate with $12.87 million in equity and loan loss allowances on hand to cover it. This gives AmericaNet Bank a Texas Ratio of 10.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for AmericaNet Bank experienced no significant changes from 10.68% as of December 31, 2012 to 10.25% as of December 31, 2013, resulting in a positive change of 4.02%.This indicates that the balance sheet and financial strength for AmericaNet Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, AmericaNet Bank has increased its total deposits by $5.38 million, resulting in 4.93% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AmericaNet Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AmericaNet Bank has $125.8 million in assets with $12.87 million in equity, resulting in a capitalization level of 10.23%, which is above average.

Institution Statistics

FDIC Certificate #20093
Year Established1969
Primary RegulatorFDIC
Assets and Liabilities
Assets$125.80 million
Loans$52.93 million
Deposits$114.39 million
Equity Capital$11.34 million
Loan Loss Allowance$1.53 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$0
Historic Data - December 2012
Assets$125.65 million
Equity Capital$11.01 million
Loan Loss Allowance$1.44 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.57%
Return on Assets0.71%
Return on Equity8.06%
Interest Income$5.02 million
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AmericaNet Bank Money Market Rates

0.90%-$35kMega Money Market

AmericaNet Bank Checking Account Rates

1.50%-$10kRewards Checking
0.25%--Rewards Checking

AmericaNet Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 200 South Rockwell Avenue - Oklahoma City, OK 73128