Bank of Texas. National Association is headquartered in Tulsa and is the largest bank in the state of Oklahoma. It is also the 51st largest bank in the nation. It was established in 1910 and as of December of 2013, it had grown to 4,369 employees at 174 locations. Bank of Texas. National Association has a B+ health rating.
Banks clear at the end of the day all the checks that arrive at your account during the day. This bank's policy results in maximizing overdraft fees in that it clears the checks starting from the largest to the smallest. In this way, if the first, large check, empties the account, all the remaining checks have overdraft fees. Clearing checks in the reverse order might result in only the largest check having an overdraft fee. This policy is not illegal but it does take advantage of the bank's customer.
It seems that the mission of Bank of Texas is to create the most unenjoyable experience for the customer. When my business changed names, I had the bank change the name on the account. Unfortunately, sometimes the change shows up in the system and sometimes it does not. Cashiers at the branch closest to me are slow, very slow. And checks take much longer to clear at Bank of Texas than at the bank I have a personal account with. On top of this, there are no convenient locations.
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 Bank of Texas. National Association had $191.84 million in non-current loans and owned real-estate with $2.46 billion in equity and loan loss allowances on hand to cover it. This gives Bank of Texas. National Association a Texas Ratio of 7.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bank of Texas. National Association decreased slightly from 8.77% as of December 31, 2012 to 7.80% as of December 31, 2013, resulting in a positive change of 11.03%.This indicates that the balance sheet and financial strength for Bank of Texas. National Association has improved slightly in recent periods.
In the past year, Bank of Texas. National Association has decreased its total deposits by -$799.82 million, resulting in -3.69% 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 Texas. National Association has shown is below average.
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 Texas. National Association has $26.8 billion in assets with $2.46 billion in equity, resulting in a capitalization level of 9.18%, which is average.
|FDIC Certificate #||4214|
|Assets and Liabilities|
|Equity Capital||$2.27 billion|
|Loan Loss Allowance||$185.40 million|
|Unbacked Noncurrent Loans||$100.92 million|
|Real Estate Owned||$90.92 million|
|Historic Data - December 2012|
|Equity Capital||$2.36 billion|
|Loan Loss Allowance||$215.51 million|
|Unbacked Noncurrent Loans||$100.92 million|
|Real Estate Owned||$102.40 million|
|Profit Margin - Quarterly|
|Net Interest Margin||2.77%|
|Return on Assets||1.13%|
|Return on Equity||12.91%|
|Interest Income||$742.05 million|
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|0.03%||-||-||Personal Savings 2.0|
|0.15%||$50k||-||Premier Money Market|
|0.15%||$50k||-||Premier Money Market IRA|
|0.15%||$50k||-||Premier Money Market Roth IRA|
|0.01%||-||-||Advantage 55 Checking|
|1.30%||$100k||-||7 Year Fixed CD|
|0.80%||$100k||-||5 Year Fixed CD|
|0.50%||$100k||-||4 Year Fixed CD|
|0.40%||$100k||-||3 Year Fixed CD|
|0.35%||$100k||-||30 Month Fixed CD|
|0.30%||$100k||-||2 Year Fixed CD|
|0.25%||$100k||-||18 Month Fixed CD|
|0.20%||$100k||-||1 Year Fixed CD|
|0.18%||$100k||-||270 Day Fixed CD|
|0.15%||$100k||-||120 Day Fixed CD|
|0.15%||$100k||-||180 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|
|1.25%||-||-||7 Year IRA CD (Traditional,Roth)|
|0.75%||-||-||5 Year IRA CD (Traditional,Roth)|
|0.45%||-||-||4 Year IRA CD (Traditional,Roth)|
|0.35%||-||-||3 Year IRA CD (Traditional,Roth)|
|0.30%||-||-||30 Month IRA CD (Traditional,Roth)|
|0.25%||-||-||2 Year IRA CD (Traditional,Roth)|
|0.20%||-||-||18 Month IRA CD (Traditional,Roth)|
|0.15%||-||-||1 Year IRA CD (Traditional,Roth)|
|0.10%||-||-||6 Month IRA CD (Traditional,Roth)|