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888-524-7277
15 East 15th Street
Edmond, OK 73013

Savings Square is headquartered in Edmond and is the 16st largest bank in the state of Oklahoma. It is also the 1,086th largest bank in the nation. It was established in 1970 and as of December of 2013, it had grown to 102 employees at 6 locations. Savings Square has a A health rating.

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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 Savings Square had $2.75 million in non-current loans and owned real-estate with $63.88 million in equity and loan loss allowances on hand to cover it. This gives Savings Square a Texas Ratio of 4.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Savings Square decreased dramatically from 12.01% as of December 31, 2012 to 4.30% as of December 31, 2013, resulting in a positive change of 64.19%.This indicates that the balance sheet and financial strength for Savings Square has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Savings Square has decreased its total deposits by -$3.1 million, resulting in -0.58% 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 Savings Square has shown is average.

Capitalization

GRADE:
B+

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. Savings Square has $619.42 million in assets with $63.88 million in equity, resulting in a capitalization level of 10.31%, which is above average.

Institution Statistics

Overall
FDIC Certificate #20156
Year Established1970
Employees102
Primary RegulatorFDIC
Assets and Liabilities
Assets$619.42 million
Loans$423.32 million
Deposits$528.05 million
Equity Capital$54.94 million
Loan Loss Allowance$8.94 million
Unbacked Noncurrent Loans$942,000
Real Estate Owned$1.81 million
Historic Data - December 2012
Assets$625.64 million
Equity Capital$56.55 million
Loan Loss Allowance$8.70 million
Unbacked Noncurrent Loans$942,000
Real Estate Owned$6.89 million
Profit Margin - Quarterly
Net Interest Margin3.21%
Return on Assets0.91%
Return on Equity10.27%
Interest Income$22.08 million
Rates
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Savings Square Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%--Square Savings Account
Locations


Savings Square Locations
Savingssquare.com Branch15 East 15th StreetEdmond, OK 73013
Kirkpatrick Bank15 East 15th StreetEdmond, OK 73013
Okc Branch222 N.W. 63Oklahoma City, OK 73116
Edmond Branch2245 West Danforth RoadEdmond, OK 73003
Co Springs Branch25 North Cascade Suite 101Colorado Springs, CO 80903
Edmond Branch3001 East Memorial RoadEdmond, OK 73013