Savings Square

Kirkpatrick Bank RE: Savings Square P.O. Box 2850
Edmond, OK 73083
1-888-524-7277
www.savingssquare.com

FDIC

Savings Square is headquartered in Edmond and is the 15st largest bank in the state of Oklahoma. It is also the 1,078th largest bank in the nation. It was established in 1970 and as of December of 2012, it had grown to 96 employees at 6 locations. Savings Square has a 5-star health rating.

Related Posts

Savings Square Rate Drop (Forum) - 4/2/2011

Savings Square has dropped savings account rate from 1.00% APY to 0.75% APY.

Savings Square Online Savings Account Yield Fell From 1.15% To 1.00% (Forum) - 2/16/2011

The Savings Square online savings account yield fell from 1.15% to 1.00% APY on all balances. The 1.15% APY had held since August 2010.

Savings Square Raises Online Savings Account Yield to 3.60% - 11/28/2008

Update 9/19/09: The rate has fallen from 1.70% to 1.55% APY. Refer to the bottom of the post for the rate history.Savings Square raised its online savings account yield from 3.05% to 3.60% APY. I first reported on Savings Square in May 2007 when it was...

More Falling Savings Account Rates - Big Drop at OneUnited - 2/22/2008

I guess we knew it was going to happen sooner or later. OneUnited Bank finally slashed the rate on its UNITY Gold E-Savings account today. The new yield is 4.60% APY (down from 5.15% APY). OneUnited held on longer than all the other online banks. The...

2007




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Savings Square Savings Account Rates

ApyMinMaxProduct
0.55%--Square Savings Account

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Kirkpatrick Bank
FDIC Certificate #20156
BankRate ReportView
Year Established1970
Employees96
Primary RegulatorFDIC

Assets and Liabilities

Assets$625.64 million
Loans$378.87 million
Deposits$531.15 million
Equity Capital$56.55 million
Loan Loss Allowance$8.70 million
Unbacked Noncurrent Loans$949,000
Real Estate Owned$6.89 million

Historic Data - December 2011

Assets$536.18 million
Equity Capital$50.32 million
Loan Loss Allowance$9.13 million
Unbacked Noncurrent Loans$7.77 million
Real Estate Owned$4.59 million

Profit Margin - Quarterly

Net Interest Margin3.4%
Return on Assets0.96%
Return on Equity10.16%
Interest Income$22.72 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 Savings Square had $7.84 million in non-current loans and owned real-estate with $65.25 million in equity and loan loss allowances on hand to cover it. This gives Savings Square a Texas Ratio of 12.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Savings Square decreased significantly from 20.79% as of December 31, 2011 to 12.01% as of December 31, 2012, resulting in a positive change of 42.23%.This indicates that the balance sheet and financial strength for Savings Square has improved significantly in recent periods.
Deposit Growth5
In the past year, Savings Square has increased its total deposits by $72.31 million, resulting in 15.76% 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 excellent.
Capitalization4
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 $625.64 million in assets with $65.25 million in equity, resulting in a capitalization level of 10.43%, which is above average.
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