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Mutual of Omaha Bank

3333 Farnam Street
Omaha, NE 68131
866.351.5646
www.mutualofomahabank.com
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Mutual of Omaha Bank is headquartered in Omaha and is the 2^nd largest bank in the state of Nebraska. It is also the 157^th largest bank in the nation. It was established in 1985 and as of December of 2012, it had grown to 1,072 employees at 47 locations. Mutual of Omaha Bank's money market rates are 93% higher than the national average, and it boasts a 5-star health rating.

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 ...

3.00% 36-Month CD at Mutual of Omaha Bank in CA, NV, AZ, CO, NE & TX - Local Only - 11/13/2009

Update 11/28/09: The special CD rates have fallen. Please check the bank's website for the latest rates.Mutual of Omaha Bank is still offering two competitive CD specials. The special 16-month CD rate has gone down a bit since my August post. The rate is...

2.10% 16-Month CD & 3.00% 36-Month CD at Mutual of Omaha Bank in CA, NV, AZ, CO & NE - Local Only - 8/26/2009

Mutual of Omaha Bank is offering two competitive CD specials: a 2.10% APY 16-month CD and a 3.00% APY 36-month CD. Minimum deposit is $2,500. The 16-month special requires a checking, savings or money market account. These specials are listed at the...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Mutual of Omaha Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	$1,500	$250k	Online Advantage Checking
Start SavingSponsored Note: Convenience of a Checking Account with Earnings of a Savings Account
0.15%^†	$50k	-	Investment Checking
0.10%^†	$100	-	Advantage Checking
0.10%^†	$100	-	Platinum Checking

Mutual of Omaha Bank Savings Account Rates

Apy	Min	Max	Product
0.85%^†	$5k	$500k	Online Money Market Savings
0.85%	$25	$500k	Online 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

Apy	Min	Max	Product
0.85%^†	$5k	$500k	Online Money Market
0.20%^†	$100k	-	Premier Money Market

Mutual of Omaha Bank CD Rates

Apy	Min	Max	Product
1.40%^†	$1k	-	60 Month CD
1.25%^†	$1k	-	48 Month CD
1.00%^†	$1k	-	37 Month CD
0.70%^†	$1k	-	36 Month CD
0.65%^†	$1k	-	30 Month CD
0.55%^†	$1k	-	24 Month CD
0.35%^†	$1k	-	18 Month CD
0.30%^†	$1k	-	12 Month CD
0.30%^†	$1k	-	13 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

Apy	Min	Max	Product
1.40%^†	$1k	-	60 Month IRA
1.40%^†	$1k	-	60 Month Roth IRA
1.40%^†	$1k	-	60 Month CESA
1.40%^†	$1k	-	60 Month SEP IRA
1.25%^†	$1k	-	48 Month IRA
1.25%^†	$1k	-	48 Month Roth IRA
1.25%^†	$1k	-	48 Month CESA
1.25%^†	$1k	-	48 Month SEP IRA
1.00%^†	$1k	-	37 Month CESA
1.00%^†	$1k	-	37 Month IRA
1.00%^†	$1k	-	37 Month Roth IRA
1.00%^†	$1k	-	37 Month SEP IRA
0.70%^†	$1k	-	36 Month IRA
0.70%^†	$1k	-	36 Month Roth IRA
0.70%^†	$1k	-	36 Month CESA
0.70%^†	$1k	-	36 Month SEP IRA
0.65%^†	$1k	-	30 Month IRA
0.65%^†	$1k	-	30 Month Roth IRA
0.65%^†	$1k	-	30 Month CESA
0.65%^†	$1k	-	30 Month SEP IRA
0.55%^†	$1k	-	24 Month IRA
0.55%^†	$1k	-	24 Month Roth IRA
0.55%^†	$1k	-	24 Month CESA
0.55%^†	$1k	-	24 Month SEP IRA
0.35%^†	$1k	-	18 Month IRA
0.35%^†	$1k	-	18 Month Roth IRA
0.35%^†	$1k	-	18 Month CESA
0.35%^†	$1k	-	18 Month SEP IRA
0.30%^†	$1k	-	12 Month IRA
0.30%^†	$1k	-	13 Month IRA
0.30%^†	$1k	-	12 Month Roth IRA
0.30%^†	$1k	-	13 Month Roth IRA
0.30%^†	$1k	-	12 Month CESA
0.30%^†	$1k	-	12 Month SEP IRA
0.30%^†	$1k	-	13 Month CESA
0.30%^†	$1k	-	13 Month SEP IRA
0.15%^†	$1k	-	6 Month IRA
0.15%^†	$1k	-	9 Month IRA
0.15%^†	$1k	-	10 Month IRA
0.15%^†	$1k	-	6 Month Roth IRA
0.15%^†	$1k	-	9 Month Roth IRA
0.15%^†	$1k	-	10 Month Roth IRA
0.15%^†	$1k	-	6 Month CESA
0.15%^†	$1k	-	6 Month SEP IRA
0.15%^†	$1k	-	9 Month CESA
0.15%^†	$1k	-	9 Month SEP IRA
0.15%^†	$1k	-	10 Month CESA
0.15%^†	$1k	-	10 Month SEP IRA

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

Mutual of Omaha Bank
OTS #	08146
FDIC Certificate #	32325
BankRate Report	View
Year Established	1985
Employees	1072
Primary Regulator	OCC
Assets and Liabilities
Assets	$5.92 billion
Loans	$4.61 billion
Deposits	$4.96 billion
Equity Capital	$682.63 million
Loan Loss Allowance	$54.58 million
Unbacked Noncurrent Loans	$50.56 million
Real Estate Owned	$18.03 million
Historic Data - December 2011
Assets	$5.55 billion
Equity Capital	$628.76 million
Loan Loss Allowance	$42.17 million
Unbacked Noncurrent Loans	$76.29 million
Real Estate Owned	$25.79 million
Profit Margin - Quarterly
Net Interest Margin	4.22%
Return on Assets	0.65%
Return on Equity	5.78%
Interest Income	$253.16 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 Mutual of Omaha Bank had $68.59 million in non-current loans and owned real-estate with $737.21 million in equity and loan loss allowances on hand to cover it. This gives Mutual of Omaha Bank a Texas Ratio of 9.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mutual of Omaha Bank decreased slightly from 15.21% as of December 31, 2011 to 9.30% as of December 31, 2012, resulting in a positive change of 38.85%.This indicates that the balance sheet and financial strength for Mutual of Omaha Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Mutual of Omaha Bank has increased its total deposits by $356.19 million, resulting in 7.74% 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
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 $5.92 billion in assets with $737.21 million in equity, resulting in a capitalization level of 12.45%, which is excellent.

Untenable Fees; Poor Service
1 stars

- toomeyas - Wednesday, April 24, 2013 - 5:48 PM

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!

Mutual of Omaha Bank

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