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



Evantage Bank is headquartered in Sentinel and is the 130th largest bank in the state of Oklahoma. It is also the 4,800th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 16 employees at 1 location. Evantage Bank has a 3-star health rating.

Related Posts

Evantage Bank Temporarily Discontinuing Bank-To-Bank Transfer Service From Current Provider. (Forum) - 1/26/2012

 Just a heads up if you need your money right away from bank to bank transfer. I got a email, and this is on their web site once logged in. Bank-to-Bank Customers: Regretfully, we are temporarily discontinuing our Bank-to-Bank Transfer service f

Evantage, Redneck, And Americanet Bank Rate Drops Nov. 17 (Forum) - 10/19/2011

Effective November 17, 2011, the interest rate offered on Mega Money Market Checking Accounts will be 1.10% APY for average daily balances up to $35,000. Amounts over $35,000 will earn .75% APY. Also Effective November 17, 2011, the interest rate offered

Evantage Drops Rate AGAIN (Forum) - 4/22/2011

As of yesterday (4/21), Evantage Bank's Money Market Rate was 1.749%. Today (4/22), the website (once logged in to your account) shows the rate as being 1.4900%. Evantage Bank is one of the last ones that has held a decent rate..

Evantage Bank Cuts Rate On Rewards Checking From 3.75% To 3.25% APY (Forum) - 2/23/2011

Effective April 21, 2011, the interest rate offered on Rewards Checking Accounts will be 3.25% APY* for average daily balances up to $10,000.  Amounts over $10,000 will earn 1.00% APY*.  If requirements are not met your interest rate will be .25

2011

2010

2009

2008



Data for Q1 2012


Institution Statistics


Southwest State Bank
FDIC Certificate #4195
BankRate ReportView
Year Established1911
Employees16
Primary RegulatorFDIC

Assets and Liabilities

Assets$105.88 million
Loans$50.34 million
Deposits$90.28 million
Equity Capital$9.54 million
Loan Loss Allowance$931,000
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$95,000

Historic Data - March 2011

Assets$106.02 million
Equity Capital$8.99 million
Loan Loss Allowance$686,000
Unbacked Noncurrent Loans$1.77 million
Real Estate Owned$55,000

Profit Margin - Quarterly

Net Interest Margin3.95%
Return on Assets1.52%
Return on Equity16.87%
Interest Income$1.26 million

Institution Health


Overall Score:
3 out of 5
3
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 March 31, 2012 Evantage Bank had $1.58 million in non-current loans and owned real-estate with $10.47 million in equity and loan loss allowances on hand to cover it. This gives Evantage Bank a Texas Ratio of 15.12% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Evantage Bank decreased slightly from 18.91% as of March 31, 2011 to 15.12% as of March 31, 2012, resulting in a positive change of 20.07%.This indicates that the balance sheet and financial strength for Evantage Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Evantage Bank has decreased its total deposits by -$6.51 million, resulting in -6.72% 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 poor.
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. Evantage Bank has $105.88 million in assets with $10.47 million in equity, resulting in a capitalization level of 9.89%, which is average.
Write Review

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

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.

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