909 South Meridian
Oklahoma City, OK 73108
Toll Free: (877) 409-2265
www.bank2online.com



Bank2 is headquartered in Oklahoma City and is the 128th largest bank in the state of Oklahoma. It is also the 4,832nd largest bank in the nation. It was established in 1903 and as of September of 2011, it had grown to 39 employees at 1 location. Bank2's savings rates are 94% higher than the national average, and it has a 4-star health rating.

Related Posts

Bank2: Great Rate Checking Rate Drop (Forum) - 9/6/2011

From (4.01%, $15K) to (3.01%, $15K) effective immediately (or tomorrow when new cycle starts).

Reward Savings Accounts That Complement Reward Checking - 4/11/2011

One thing that has helped improve reward checking is the reward savings account. Some banks and credit unions now offer a reward savings account that's linked to their reward checking. The benefit is ...

4.00% Reward Checking Account at Bank2 in OK - 3/8/2009

Update 1/10/10: The top rate is scheduled to fall to 4% APY for balances up to $15,000 on February 8, 2010.Bank2 is offering a reward checking account called Great Rate Checking. The account offers the following features if certain monthly requirements...



See Rates for: Checking | Savings

Bank2 Checking Account Rates

ApyMinMaxProduct
3.01%-$15kGreat Rate Checking

Bank2 Savings Account Rates

ApyMinMaxProduct
1.01%-$35kGreat Rate Savings

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Bank 2
FDIC Certificate #11521
BankRate ReportView
Year Established1903
Employees39
Primary RegulatorFED

Assets and Liabilities

Assets$104.83 million
Loans$74.66 million
Deposits$89.33 million
Equity Capital$11.57 million
Loan Loss Allowance$928,000
Unbacked Noncurrent Loans$2.21 million

Historic Data - September 2010

Assets$85.07 million
Equity Capital$10.83 million
Loan Loss Allowance$823,000
Unbacked Noncurrent Loans$461,000

Profit Margin - Quarterly

Net Interest Margin4.81%
Return on Assets0.6%
Return on Equity5.07%
Interest Income$3.87 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 Bank2 had $2.21 million in non-current loans and owned real-estate with $12.5 million in equity and loan loss allowances on hand to cover it. This gives Bank2 a Texas Ratio of 17.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Bank2 increased slightly from 3.96% as of September 30, 2010 to 17.65% as of September 30, 2011, resulting in a negative change of 346.02%. This indicates that the balance sheet and financial strength for Bank2 has declined slightly in recent periods.
Deposit Growth5
In the past year, Bank2 has increased its total deposits by $17.65 million, resulting in 24.62% 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 Bank2 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. Bank2 has $104.83 million in assets with $12.5 million in equity, resulting in a capitalization level of 11.92%, which is above average.
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