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 110st largest bank in the state of Oklahoma. It is also the 4,210st largest bank in the nation. It was established in 1913 and as of March of 2012, it had grown to 56 employees at 4 locations. Bank of the Wichitas has a 3-star health rating.

Related Posts

Redneck Bank Stops Accepting New Applications - 4/8/2009

I'm afraid it's another example of a high-yield account becoming overloaded. Redneck Bank has stopped accepting new applications. If you click on the open your account button at RedneckBank.com, it forwards you to a PDF document where they mention that...

3.10% Internet Savings Account at Redneck Bank - Nationally Available - 2/16/2009

Update 4/22/09: Starting on 5/05/09, the top rate is scheduled to fall to 2.00% APY for balances up to $35K, 1.00% APY over.I first mentioned Redneck Bank in early January regarding their 5.25% reward checking account. However, I didn't emphasis their...

4.00% Reward Checking Account at Bank of the Wichitas (Redneck Bank) - 1/4/2009

Update 4/22/09: The top rate is scheduled to fall to 4.00% APY starting 5/5/09.Update 4/08/09: The bank has temporarily stopped accepting new applications.Bank of the Wichitas has a reward checking account that pays 4.00% APY on balances up to $10,000...



Report an Issue

Bank of the Wichitas Checking Account Rates

ApyMinMaxProduct
2.50%-$10kWichita Rewards Checking

Rates updated: 5/11/2012

Data for Q1 2012


Institution Statistics


Bank of the Wichitas
FDIC Certificate #4198
BankRate ReportView
Year Established1913
Employees56
Primary RegulatorFDIC

Assets and Liabilities

Assets$131.79 million
Loans$65.48 million
Deposits$120.45 million
Equity Capital$10.80 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$2.78 million
Real Estate Owned$896,000

Historic Data - March 2011

Assets$125.16 million
Equity Capital$10.82 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$2.13 million
Real Estate Owned$287,000

Profit Margin - Quarterly

Net Interest Margin4.52%
Return on Assets1.55%
Return on Equity18.31%
Interest Income$1.54 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 March 31, 2012 Bank of the Wichitas had $3.67 million in non-current loans and owned real-estate with $11.98 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Wichitas a Texas Ratio of 30.64% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Bank of the Wichitas increased slightly from 20.45% as of March 31, 2011 to 30.64% as of March 31, 2012, resulting in a negative change of 49.84%. This indicates that the balance sheet and financial strength for Bank of the Wichitas has declined slightly in recent periods.
Deposit Growth5
In the past year, Bank of the Wichitas has increased its total deposits by $6.69 million, resulting in 5.88% 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 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 the Wichitas has $131.79 million in assets with $11.98 million in equity, resulting in a capitalization level of 9.09%, which is average.
Write Review

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



1
 
Featured Accounts
Nationwide Savings Accounts