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

Bank of the Wichitas

Bank of the Wichitas Locations
623 E Street
Snyder, OK 73566
580-596-2313
www.bankofthewichitas.com

Bank of the Wichitas is headquartered in Snyder and is the 119st largest bank in the state of Oklahoma. It is also the 4,453rd largest bank in the nation. It was established in 1913 and as of September of 2011, it had grown to 54 employees at 4 locations. Bank of the Wichitas has a 4-star health rating.

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Bank of the Wichitas Checking Account Rates

ApyMinMaxProduct
2.50%-$10kWichita Rewards Checking

Rates updated: 1/4/2012

Data for Q3 2011


Institution Statistics


Bank of the Wichitas
FDIC Certificate #4198
BankRate ReportView
Year Established1913
Employees54
Primary RegulatorFDIC

Assets and Liabilities

Assets$120.14 million
Loans$64.69 million
Deposits$107.86 million
Equity Capital$10.99 million
Loan Loss Allowance$1.09 million
Unbacked Noncurrent Loans$2.14 million
Real Estate Owned$582,000

Historic Data - September 2010

Assets$123.92 million
Equity Capital$11.64 million
Loan Loss Allowance$975,000
Unbacked Noncurrent Loans$2.31 million
Real Estate Owned$601,000

Profit Margin - Quarterly

Net Interest Margin4.96%
Return on Assets1.54%
Return on Equity17.2%
Interest Income$5.13 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 the Wichitas had $2.72 million in non-current loans and owned real-estate with $12.07 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Wichitas a Texas Ratio of 22.50% which is 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 the Wichitas held steady from 23.05% as of September 30, 2010 to 22.50% as of September 30, 2011, resulting in a positive change of 2.38%.This indicates that the balance sheet and financial strength for Bank of the Wichitas has held steady in recent periods.
Deposit Growth4
In the past year, Bank of the Wichitas has increased its total deposits by $3.12 million, resulting in 2.98% 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 the Wichitas has shown is above average.
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 the Wichitas has $120.14 million in assets with $12.07 million in equity, resulting in a capitalization level of 10.05%, which is above average.
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Bank Of Wichitas Operates Its Online Bank Under Red Neck Bank
3 stars - Anonymous - Tuesday, March 2, 2010 - 10:16 PM

Bank of Wichitas operates its online bank under Red Neck Bank- which I find a little embarrasing to have emblazoned across my debit card.  The website including the bill pay page is straight forward with no frills.  You won't get great service or any bells and whistles, but the rate is pretty good.  Just make sure you get your 10 non-atm transactions per month.

3

Love Having Red Neck Bank's Logo On My Debit Card.
5 stars - colpat - Thursday, December 30, 2010 - 7:04 PM



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