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866-351-5646
3333 Farnam Street
Omaha, NE 68131

Mutual of Omaha Bank is headquartered in Omaha and is the 2nd largest bank in the state of Nebraska. It is also the 154th largest bank in the nation. It was established in 1985 and as of December of 2013, it had grown to 1,117 employees at 45 locations. Mutual of Omaha Bank's money market rates are 93% higher than the national average, and it boasts a A+ health rating.

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Review of Mutual of Omaha Bank’s Online Checking and Money Market Accounts - 4/24/2013

Mutual of Omaha Bank has recently started offering its online checking, savings and money market accounts nationwide. Previously, they had been available in only certain states. The deposit accounts c ...



Reviews (1)

Untenable Fees; Poor Service

It's just unfortunate when a bank has to resort to so many fees.  I am done with this bank for good.  My recommendation is to avoid and take business elsewhere!



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Mutual of Omaha Bank had $53.58 million in non-current loans and owned real-estate with $763.91 million in equity and loan loss allowances on hand to cover it. This gives Mutual of Omaha Bank a Texas Ratio of 7.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Mutual of Omaha Bank decreased slightly from 9.30% as of December 31, 2012 to 7.01% as of December 31, 2013, resulting in a positive change of 24.61%.This indicates that the balance sheet and financial strength for Mutual of Omaha Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mutual of Omaha Bank has increased its total deposits by $396.52 million, resulting in 8% 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 Mutual of Omaha Bank 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. Mutual of Omaha Bank has $6.39 billion in assets with $763.91 million in equity, resulting in a capitalization level of 11.95%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32325
Year Established1985
Employees1117
Primary RegulatorOCC
Assets and Liabilities
Assets$6.39 billion
Loans$4.98 billion
Deposits$5.35 billion
Equity Capital$703.98 million
Loan Loss Allowance$59.93 million
Unbacked Noncurrent Loans$48.04 million
Real Estate Owned$5.55 million
Historic Data - December 2012
Assets$5.92 billion
Equity Capital$682.63 million
Loan Loss Allowance$54.58 million
Unbacked Noncurrent Loans$48.04 million
Real Estate Owned$18.03 million
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.65%
Return on Equity5.77%
Interest Income$239.98 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Mutual of Omaha Bank, we are a rate comparison website and can not provide official rates or promotions.

Mutual of Omaha Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.85%$5k$500kOnline Money Market Savings
0.15%$25k-Basic Savings
0.10%--Health Savings Account with Interest
0.10%$100-Liquid IRA Savings
0.10%$100-Liquid Roth IRA Savings
0.10%$100-Liquid CESA Savings
0.10%$100-Liquid SEP IRA Savings

Mutual of Omaha Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.85%$5k$500kOnline Money Market
0.20%$500k-Premier Money Market

Mutual of Omaha Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$1,500$250kOnline Advantage Checking
0.15%$50k-Investment Checking
0.10%$100-Advantage Checking
0.10%$100-Platinum Checking

Mutual of Omaha Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
0.80%$1k-48 Month CD
0.60%$1k-36 Month CD
0.55%$1k-30 Month CD
0.50%$1k-12 Month Special CD
0.45%$1k-24 Month CD
0.30%$1k-18 Month CD
0.25%$1k-13 Month CD
0.15%$1k-6 Month CD
0.15%$1k-9 Month CD
0.10%$1k-1 Month CD
0.10%$1k-2 Month CD
0.10%$1k-3 Month CD

Mutual of Omaha Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month IRA (Traditional,Roth,CESA,SEP)
0.80%$1k-48 Month IRA (Traditional,Roth,CESA,SEP)
0.60%$1k-36 Month IRA (Traditional,Roth,CESA,SEP)
0.55%$1k-30 Month IRA (Traditional,Roth,CESA,SEP)
0.50%$1k-12 Month Special IRA (Traditional,Roth,CESA,SEP)
0.45%$1k-24 Month IRA (Traditional,Roth,CESA,SEP)
0.30%$1k-18 Month IRA (Traditional,Roth,CESA,SEP)
0.25%$1k-13 Month IRA (Traditional,Roth,CESA,SEP)
0.15%$1k-6 Month IRA (Traditional,Roth,CESA,SEP)
0.15%$1k-9 Month IRA (Traditional,Roth,CESA,SEP)
Locations

Mutual of Omaha Bank has 45 locations. Click to view all Mutual of Omaha Bank locations.