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

Evantage Bank

Evantage Bank Locations
122 East Main Street
Sentinel, OK 73664
888-210-1868
www.evantagebank.com

FDIC


Evantage Bank is headquartered in Sentinel and is the 134th largest bank in the state of Oklahoma. It is also the 4,832nd largest bank in the nation. It was established in 1911 and as of December of 2012, it had grown to 15 employees at 1 location. Evantage Bank's money market rates are 3X the national average, and it boasts a 5-star health rating.

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Evantage Bank Is Accepting New Customers Again for its Money Market Account - 8/17/2012

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Evantage Bank Is Accepting New Customers Again. (Forum) - 8/17/2012

This might also apply to Redneck and Americanet Banks also. I guess this is why they dropped their money market rates to %1.00. Details on the money market account below. Monthly Statements are received electronically FREE Evantage Bank® VISA®

2012

2011

2010

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2008




See Rates for: Checking | Money Market

Evantage Bank Checking Account Rates

ApyMinMaxProduct
2.00%-$10kEvantage Rewards Checking

Evantage Bank Money Market Rates

ApyMinMaxProduct
1.10%-$35kMega Money Market Account

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Southwest State Bank
FDIC Certificate #4195
BankRate ReportView
Year Established1911
Employees15
Primary RegulatorFDIC

Assets and Liabilities

Assets$102.15 million
Loans$51.34 million
Deposits$88.30 million
Equity Capital$9.74 million
Loan Loss Allowance$1.04 million
Unbacked Noncurrent Loans$94,000
Real Estate Owned$43,000

Historic Data - December 2011

Assets$106.90 million
Equity Capital$9.57 million
Loan Loss Allowance$847,000
Unbacked Noncurrent Loans$1.54 million
Real Estate Owned$28,000

Profit Margin - Quarterly

Net Interest Margin4.07%
Return on Assets1.8%
Return on Equity19.83%
Interest Income$5.00 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Evantage Bank had $137,000 in non-current loans and owned real-estate with $10.77 million in equity and loan loss allowances on hand to cover it. This gives Evantage Bank a Texas Ratio of 1.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Evantage Bank decreased significantly from 15.07% as of December 31, 2011 to 1.27% as of December 31, 2012, resulting in a positive change of 91.56%.This indicates that the balance sheet and financial strength for Evantage Bank has improved significantly in recent periods.
Deposit Growth2
In the past year, Evantage Bank has decreased its total deposits by -$4.32 million, resulting in -4.66% 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 Evantage Bank has shown is below 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. Evantage Bank has $102.15 million in assets with $10.77 million in equity, resulting in a capitalization level of 10.55%, which is above average.
Write Review

Will Not Work With Etrade Bank
1 stars - phindm - Thursday, August 5, 2010 - 11:45 AM

0 false 18 pt 18 pt 0 0 false false false Tried to open and account with Evantage Bank after several days did not receive the small deposits, called found out they have known problems with working with Etrade bank, Left me hanging with no contact or email follow up. I canceled the account. Very poor customer service.

7

Love Evantage
5 stars - schris413 - Thursday, September 30, 2010 - 5:23 AM

I've had no problems with them. The only reason I switched to Danversbank was the 25K limit as opposed to the 10K limit at Evantage. Now I am regretting the switch since Danvers will to 3.01% mid-cycle on October 4th. Not sure where to put my money now. Other than that, great bank with really easy requirements. No direct deposit required. Only 10 debit card transactions.

6

No Problems
5 stars - mrvirgo - Friday, May 6, 2011 - 7:23 PM

I managed to open an account before the “Sold Out” sign went up.  The whole process was fast and easy without any glitches. I called customer service two times and my questions were clearly answered by a knowledgeable rep. I like their website. It’s user friendly and gives you everything you need.  I am happy to be with Evantage since they pay one of the best interests on what is really a hybrid checking/money market account. I have had no problems with Evantage whatsoever.

4

Evantage Bank Said There Is No Problem With Etrade
5 stars - buick - Thursday, December 2, 2010 - 3:56 PM

Evantage Bank said there is no problem with Etrade if using etrade for in or outbound transfer. No limitation. The money will be available on the next day for inbound transfer.

2