Savings Square

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

Savings Square is headquartered in Edmond and is the 20th largest bank in the state of Oklahoma. It is also the 1,349th largest bank in the nation. It was established in 1970 and as of September of 2011, it had grown to 95 employees at 6 locations. Savings Square's savings rates are 25% higher than the national average, and it has a 3-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
0.65%--Square Savings

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Kirkpatrick Bank
FDIC Certificate #20156
BankRate ReportView
Year Established1970
Employees95
Primary RegulatorFDIC

Assets and Liabilities

Assets$502.02 million
Loans$318.86 million
Deposits$417.09 million
Equity Capital$50.94 million
Loan Loss Allowance$7.85 million
Unbacked Noncurrent Loans$7.30 million
Real Estate Owned$7.12 million

Historic Data - September 2010

Assets$484.39 million
Equity Capital$48.99 million
Loan Loss Allowance$6.70 million
Unbacked Noncurrent Loans$4.19 million
Real Estate Owned$4.57 million

Profit Margin - Quarterly

Net Interest Margin3.41%
Return on Assets0.82%
Return on Equity8.75%
Interest Income$16.15 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Savings Square had $14.42 million in non-current loans and owned real-estate with $58.78 million in equity and loan loss allowances on hand to cover it. This gives Savings Square a Texas Ratio of 24.52% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Savings Square increased slightly from 15.74% as of September 30, 2010 to 24.52% as of September 30, 2011, resulting in a negative change of 55.83%. This indicates that the balance sheet and financial strength for Savings Square has declined slightly in recent periods.
Deposit Growth4
In the past year, Savings Square has increased its total deposits by $15.12 million, resulting in 3.76% 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 above average.
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 $502.02 million in assets with $58.78 million in equity, resulting in a capitalization level of 11.71%, which is above average.
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