2 star ratingAverage User Rating:
2 star rating based on 4 reviews.

Bank of Oklahoma

Bank of Oklahoma Locations
One Williams Center
Tulsa, OK 74172
800-234-6181
www.bankofoklahoma.com

FDIC


Bank of Oklahoma is headquartered in Tulsa and is the largest bank in the state of Oklahoma. It is also the 50th largest bank in the nation. It was established in 1910 and as of December of 2012, it had grown to 4,460 employees at 180 locations. Bank of Oklahoma has a 4-star health rating.

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2008




See Rates for: Checking | Savings | Money Market | CD | IRA

Bank of Oklahoma Checking Account Rates

ApyMinMaxProduct
0.01%--Advantage
0.01%--Advantage 55

Bank of Oklahoma Savings Account Rates

ApyMinMaxProduct
0.04%--Personal Savings 2.0

Bank of Oklahoma Money Market Rates

ApyMinMaxProduct
0.20%$50k-Premier Money Market
0.20%$50k-Premier Money Market IRA
0.20%$50k-Premier Money Market Roth IRA

Bank of Oklahoma CD Rates

ApyMinMaxProduct
1.30%$100k-7 Year Fixed CD
0.80%$100k-5 Year Fixed CD
0.60%$100k-4 Year Fixed CD
0.40%$100k-3 Year Fixed CD
0.40%$100k-2 Year Fixed CD
0.30%$100k-18 Month Fixed CD
0.23%$100k-180 Day Fixed CD
0.23%$100k-270 Day Fixed CD
0.23%$100k-1 Year Fixed CD
0.15%$100k-120 Day Fixed CD
0.10%$100k-60 Day Fixed CD
0.10%$100k-90 Day Fixed CD
0.08%$100k-7 Day Fixed CD
0.08%$100k-30 Day Fixed CD

Bank of Oklahoma IRA Rates

ApyMinMaxProduct
1.25%--7 Year IRA CD
1.25%--7 Year Roth IRA CD
0.75%--5 Year IRA CD
0.75%--5 Year Roth IRA CD
0.55%--4 Year IRA CD
0.55%--4 Year Roth IRA CD
0.35%--2 Year IRA CD
0.35%--30 Month IRA CD
0.35%--3 Year IRA CD
0.35%--2 Year Roth IRA CD
0.35%--30 Month Roth IRA CD
0.35%--3 Year Roth IRA CD
0.25%--18 Month IRA CD
0.25%--18 Month Roth IRA CD
0.18%--6 Month IRA CD
0.18%--1 Year IRA CD
0.18%--6 Month Roth IRA CD
0.18%--1 Year Roth IRA CD

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


BOKF, National Association
FDIC Certificate #4214
BankRate ReportView
Year Established1910
Employees4460
Primary RegulatorOCC

Assets and Liabilities

Assets$27.93 billion
Loans$12.39 billion
Deposits$21.66 billion
Equity Capital$2.36 billion
Loan Loss Allowance$215.51 million
Unbacked Noncurrent Loans$136.96 million
Real Estate Owned$102.40 million

Historic Data - December 2011

Assets$25.36 billion
Equity Capital$2.26 billion
Loan Loss Allowance$253.48 million
Unbacked Noncurrent Loans$202.50 million
Real Estate Owned$119.11 million

Profit Margin - Quarterly

Net Interest Margin3%
Return on Assets1.31%
Return on Equity14.32%
Interest Income$788.03 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 Bank of Oklahoma had $239.36 million in non-current loans and owned real-estate with $2.57 billion in equity and loan loss allowances on hand to cover it. This gives Bank of Oklahoma a Texas Ratio of 9.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Bank of Oklahoma decreased slightly from 13.87% as of December 31, 2011 to 9.30% as of December 31, 2012, resulting in a positive change of 32.91%.This indicates that the balance sheet and financial strength for Bank of Oklahoma has improved slightly in recent periods.
Deposit Growth5
In the past year, Bank of Oklahoma has increased its total deposits by $2.49 billion, resulting in 12.99% 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 Bank of Oklahoma has shown is excellent.
Capitalization3
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. Bank of Oklahoma has $27.93 billion in assets with $2.57 billion in equity, resulting in a capitalization level of 9.21%, which is average.
Write Review

No Wonder They Had A Lawsuit Filed Against Them
1 stars - danmarciethomas - Friday, June 1, 2012 - 4:58 PM

Beware of using this bank - there is a reason they had a class action lawsuit filed against them from many of their customers and which BOK SETTLED out of court.  BOK AGREED to pay back $19 MILLION dollars in excessive overdraft fees they charged us customers - and they are still doing it!! Today, I closed my checking account with them after 21 years due to having to pay five $32.50 overdraft fees which all occured in a single day.  They started the overdrawing of my account with the HIGHEST item to be paid.  They are not dummies.  They found a way to maximize profits in overdraft fees while ripping off customers who like me had been withthem over 20 years!! I asked them to help me and drop some of the charges and they said no becuase i had agreed to the written overdraft fee charge.  Boy, what happened to helping out a customer who had years of loyalty?? Watch out for them - they are charging fees which many law experts are criminal - park your money elsewhere.

8

Not The Best Rates, But Great Customer Service.
4 stars - Jeremy - Saturday, June 5, 2010 - 8:01 PM

I've had an account with BOk for almost 10 years now and have never had an issue with them.  The branches are always adquetly staffed, you can do most tasks online and they have 24/7 phone support that connects you to an actual person without long waits.  The interest rates aren't great, but if you don't keep a large balance in your checking account, the trade-off is well worth it.

4

Ridiculious
1 stars - jenny - Thursday, June 7, 2012 - 12:08 PM

Went into there branch in grove ok today to cash a tenants check, like I have for the past three months only to find out that it will cost me $6.50 since I dont have an acct. What???? I said Ive cashed it the last 3 months and she says whoever did that could get fired!!! So my tenants cant give his money to me without me paying a $6.50 fee?? So i called him and told him he would have to go to the bank and get cash from now on and he said I will today but then Im closing that acct. Thats ridiculious

3

Bank Of Oklahoma Loosing My Deposits!
1 stars - lynx41 - Sunday, August 19, 2012 - 9:27 AM

I am a local business owner and am constantly using my business account to make deposits and other transactions.  I have to keep a close eye on my business account because there is always somebody who wants a piece of the pie and if you don't watch the money, it will quickly disappear.  Well, this time it is the bank itself.  I can understand occassional mishaps, but this is the 4th time they have lost one of my deposits within 2 years?  It is kind of interesting to note two things. One is that they never miss an expense, ever, but when it comes to your hard earned money that you deposit, trusting the bank to do their job, you really have to supervise what is going on? Second, when they loose your deposit, they put the burden on you to prove that you made a deposit- so don't throw away your deposit slips, ever, or they will not refund the lost deposits!

Last time, they got back with me and told me they accidently put my deposit into someone elses account. When I asked questions, the woman got rather snippy with me like it was none of my business to ask what happened to my money? Finally, she admitted it was their mistake. Time before that, they didn't have a clue what happened to my deposit? They said occassionally, their scanners loose deposits, like it was no big deal to them.

Gee! This bank is quick to charge me $32.50 if I am 1 penny short, but they just blow me off when they loose my deposits?  What the hell is wrong here?? They should give me $32.50 every time they **** up!  I would be ahead by $130 by now!

Please let me know if this is happening to anyone else who banks with BOK?

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