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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 148th largest bank in the nation. It was established in 1985 and as of March of 2014, it had grown to 1,126 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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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 Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Mutual of Omaha Bank had $58.2 million in non-current loans and owned real-estate with $774.12 million in equity and loan loss allowances on hand to cover it. This gives Mutual of Omaha Bank a Texas Ratio of 7.52% 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 8.92% as of March 31, 2013 to 7.52% as of March 31, 2014, resulting in a positive change of 15.67%.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 $668.07 million, resulting in 13.72% 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 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 $6.55 billion in assets with $774.12 million in equity, resulting in a capitalization level of 11.82%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32325
Year Established1985
Employees1126
Primary RegulatorOCC
Assets and Liabilities
Assets$6.55 billion
Loans$5.00 billion
Deposits$5.54 billion
Equity Capital$713.74 million
Loan Loss Allowance$60.38 million
Unbacked Noncurrent Loans$53.47 million
Real Estate Owned$4.73 million
Historic Data - March 2013
Assets$5.92 billion
Equity Capital$691.57 million
Loan Loss Allowance$56.29 million
Unbacked Noncurrent Loans$53.47 million
Real Estate Owned$14.11 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets0.47%
Return on Equity4.26%
Interest Income$59.48 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 Special
1.10%$1k-36 Month CD Special
0.80%$1k-48 Month CD
0.55%$1k-30 Month CD
0.45%$1k-24 Month CD
0.30%$1k-18 Month CD
0.25%$1k-13 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD
0.15%$1k-9 Month CD
0.15%$1k-10 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 Special
1.10%$1k-36 Month IRA Special
0.80%$1k-48 Month IRA
0.55%$1k-30 Month IRA
0.45%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-13 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA
0.15%$1k-9 Month IRA
0.15%$1k-10 Month IRA
Locations

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