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4 star rating based on 1 review.

Bank of Oklahoma

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

Bank of Oklahoma is headquartered in Tulsa and is the largest bank in the state of Oklahoma. It is also the 54th largest bank in the nation. It was established in 1910 and as of September of 2011, it had grown to 4,250 employees at 188 locations. Bank of Oklahoma has a 4-star health rating.

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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
0.05%--Personal Savings 2.0

Bank of Oklahoma Money Market Rates

ApyMinMaxProduct
0.30%$25k-Premier Money Market
0.30%$25k-Premier Money Market IRA
0.30%$25k-Premier Money Market Roth IRA

Bank of Oklahoma CD Rates

ApyMinMaxProduct
1.60%$100k-7 Year Fixed CD
1.10%$100k-5 Year Fixed CD
0.90%$100k-4 Year Fixed CD
0.65%$100k-3 Year Fixed CD
0.55%$100k-2 Year Fixed CD
0.50%$100k-18 Month Fixed CD
0.35%$100k-1 Year Fixed CD
0.30%$100k-180 Day Fixed CD
0.30%$100k-270 Day Fixed CD
0.15%$100k-120 Day Fixed CD
0.10%$100k-7 Day Fixed CD
0.10%$100k-30 Day Fixed CD
0.10%$100k-60 Day Fixed CD
0.10%$100k-90 Day Fixed CD

Bank of Oklahoma IRA Rates

ApyMinMaxProduct
1.55%--7 Year IRA CD
1.55%--7 Year Roth IRA CD
1.05%--5 Year IRA CD
1.05%--5 Year Roth IRA CD
0.85%--4 Year IRA CD
0.85%--4 Year Roth IRA CD
0.60%--3 Year IRA CD
0.60%--3 Year Roth IRA CD
0.50%--2 Year IRA CD
0.50%--30 Month IRA CD
0.50%--2 Year Roth IRA CD
0.50%--30 Month Roth IRA CD
0.45%--18 Month IRA CD
0.45%--18 Month Roth IRA CD
0.30%--1 Year IRA CD
0.30%--1 Year Roth IRA CD
0.25%--6 Month IRA CD
0.25%--6 Month Roth IRA CD

Rates updated: 2/9/2012

Data for Q3 2011


Institution Statistics


BOKF, National Association
FDIC Certificate #4214
BankRate ReportView
Year Established1910
Employees4250
Primary RegulatorOCC

Assets and Liabilities

Assets$24.86 billion
Loans$11.09 billion
Deposits$18.60 billion
Equity Capital$2.50 billion
Loan Loss Allowance$271.46 million
Unbacked Noncurrent Loans$229.52 million
Real Estate Owned$107.40 million

Historic Data - September 2010

Assets$17.61 billion
Equity Capital$1.31 billion
Loan Loss Allowance$202.35 million
Unbacked Noncurrent Loans$196.79 million
Real Estate Owned$60.42 million

Profit Margin - Quarterly

Net Interest Margin3.16%
Return on Assets1.16%
Return on Equity12.3%
Interest Income$611.59 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 September 30, 2011 Bank of Oklahoma had $336.92 million in non-current loans and owned real-estate with $2.77 billion in equity and loan loss allowances on hand to cover it. This gives Bank of Oklahoma a Texas Ratio of 12.15% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bank of Oklahoma held steady from 8.22% as of September 30, 2010 to 12.15% as of September 30, 2011, resulting in a negative change of 47.71%. This indicates that the balance sheet and financial strength for Bank of Oklahoma has held steady in recent periods.
Deposit Growth5
In the past year, Bank of Oklahoma has increased its total deposits by $9.07 billion, resulting in 95.21% 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.
Capitalization4
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 $24.86 billion in assets with $2.77 billion in equity, resulting in a capitalization level of 11.16%, which is above average.
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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
 
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