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877-409-2265
909 South Meridian
Oklahoma City, OK 73108

Bank2 is headquartered in Oklahoma City and is the 126th largest bank in the state of Oklahoma. It is also the 4,589th largest bank in the nation. It was established in 1903 and as of December of 2013, it had grown to 52 employees at 1 location. Bank2's savings rates are 94% higher than the national average, and it has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 Bank2 had $2.55 million in non-current loans and owned real-estate with $15.02 million in equity and loan loss allowances on hand to cover it. This gives Bank2 a Texas Ratio of 16.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Bank2 decreased slightly from 18.87% as of December 31, 2012 to 16.96% as of December 31, 2013, resulting in a positive change of 10.09%.This indicates that the balance sheet and financial strength for Bank2 has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bank2 has increased its total deposits by $5.51 million, resulting in 6.55% 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.

Capitalization

GRADE:
A+

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 $106.84 million in assets with $15.02 million in equity, resulting in a capitalization level of 14.06%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #11521
Year Established1903
Employees52
Primary RegulatorFED
Assets and Liabilities
Assets$106.84 million
Loans$57.08 million
Deposits$89.73 million
Equity Capital$13.96 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$1.03 million
Real Estate Owned$1.52 million
Historic Data - December 2012
Assets$101.63 million
Equity Capital$13.26 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$1.03 million
Real Estate Owned$1.17 million
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets1.11%
Return on Equity8.56%
Interest Income$4.28 million
Rates
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Bank2 Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%-$35kGreat Rate Savings
0.10%--Great Rate Savings

Bank2 Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$15kGreat Rate Checking
0.10%--Great Rate Checking
Locations


Bank2 Locations
Bank 2909 South MeridianOklahoma City, OK 73108