SpiritBank

SpiritBank is headquartered in Tulsa and is the 10^st largest bank in the state of Oklahoma. It is also the 529^th largest bank in the nation. It was established in 1916 and as of March of 2012, it had grown to 458 employees at 14 locations. SpiritBank has a 2-star health rating.

Related Posts

SpiritBank Money Market Rates

SpiritBank CD Rates

SpiritBank IRA Rates

Data for Q1 2012

Institution Statistics SpiritBank FDIC Certificate # 4048 BankRate Report View Year Established 1916 Employees 458 Primary Regulator FDIC Assets and Liabilities Assets $1.25 billion Loans $942.67 million Deposits $1.03 billion Equity Capital $105.13 million Loan Loss Allowance $31.58 million Unbacked Noncurrent Loans $62.36 million Real Estate Owned $29.18 million Historic Data - March 2011 Assets $1.32 billion Equity Capital $119.14 million Loan Loss Allowance $14.52 million Unbacked Noncurrent Loans $19.46 million Real Estate Owned $14.14 million Profit Margin - Quarterly Net Interest Margin 4.09% Return on Assets -1.62% Return on Equity -18.76% Interest Income $14.04 million

Institution Health Overall Score: 2 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 March 31, 2012 SpiritBank had $91.55 million in non-current loans and owned real-estate with $136.71 million in equity and loan loss allowances on hand to cover it. This gives SpiritBank a Texas Ratio of 66.97% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for SpiritBank increased slightly from 24.83% as of March 31, 2011 to 66.97% as of March 31, 2012, resulting in a negative change of 169.74%. This indicates that the balance sheet and financial strength for SpiritBank has declined slightly in recent periods. Deposit Growth In the past year, SpiritBank has decreased its total deposits by -$47.35 million, resulting in -4.38% 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 SpiritBank has shown is below average. 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. SpiritBank has $1.25 billion in assets with $136.71 million in equity, resulting in a capitalization level of 10.90%, which is above average.