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623 E Street
Snyder, OK 73566

Bank of the Wichitas is headquartered in Snyder and is the 115st largest bank in the state of Oklahoma. It is also the 4,174th largest bank in the nation. It was established in 1913 and as of March of 2014, it had grown to 52 employees at 4 locations. Bank of the Wichitas has a B+ health rating.

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Reviews (2)

Bank Of Wichitas Operates Its Online Bank Under Red Neck Bank

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.

Love Having Red Neck Bank's Logo On My Debit Card.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of the Wichitas had $982,000 in non-current loans and owned real-estate with $11.62 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Wichitas a Texas Ratio of 8.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of the Wichitas decreased dramatically from 14.53% as of March 31, 2013 to 8.45% as of March 31, 2014, resulting in a positive change of 41.80%.This indicates that the balance sheet and financial strength for Bank of the Wichitas has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank of the Wichitas has increased its total deposits by $4.57 million, resulting in 4.17% 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.



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 $124.98 million in assets with $11.62 million in equity, resulting in a capitalization level of 9.29%, which is average.

Institution Statistics

FDIC Certificate #4198
Year Established1913
Primary RegulatorFDIC
Assets and Liabilities
Assets$124.98 million
Loans$65.50 million
Deposits$114.05 million
Equity Capital$10.49 million
Loan Loss Allowance$1.13 million
Unbacked Noncurrent Loans$43,000
Real Estate Owned$939,000
Historic Data - March 2013
Assets$120.49 million
Equity Capital$10.56 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$43,000
Real Estate Owned$1.26 million
Profit Margin - Quarterly
Net Interest Margin3.99%
Return on Assets0.78%
Return on Equity9.4%
Interest Income$1.30 million
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Bank of the Wichitas Checking Account Rates

1.50%-$10kWichita Rewards Checking - Qualifying
0.25%--Wichita Rewards Checking - Non Qualifying

Bank of the Wichitas Locations
Medicine Park Branch24077 State Hwy 49Medicine Park, OK 73557
Cache Branch605 South 8th StreetCache, OK 73527
Bank Of The Wichitas623 E StreetSnyder, OK 73566
Elgin Branch8207 Ushwy 277Elgin, OK 73538