3 star ratingAverage User Rating:
3 star rating based on 1 review.

The Bank of Union

The Bank of Union Locations
2000 South Country Club Road
El Reno, OK 73036
(405) 262-6577
www.bankofunion.com

FDIC

The Bank of Union is headquartered in El Reno and is the 34th largest bank in the state of Oklahoma. It is also the 1,718st largest bank in the nation. It was established in 1900 and as of March of 2013, it had grown to 67 employees at 2 locations. The Bank of Union has a 2-star health rating.

The Bank of Union Routing Number: 103113247

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Special 13-Month CD at The Bank of Union in Oklahoma - Local Only - 12/5/2010

The Bank of Union is advertising a special 13-month CD with a 1.55% APY. Minimum deposit is $1,000. This special doesn't appear to be listed on the bank's website. It was advertised in the 12/4/2010 e ...


Data for Q1 2013


Institution Statistics


The Bank of Union
FDIC Certificate #17967
BankRate ReportView
Year Established1900
Employees67
Primary RegulatorFDIC

Assets and Liabilities

Assets$387.77 million
Loans$290.97 million
Deposits$352.55 million
Equity Capital$35.08 million
Loan Loss Allowance$18.79 million
Unbacked Noncurrent Loans$89.01 million
Real Estate Owned$85,000

Historic Data - March 2012

Assets$402.38 million
Equity Capital$39.47 million
Loan Loss Allowance$5.72 million
Unbacked Noncurrent Loans$7.85 million
Real Estate Owned$211,000

Profit Margin - Quarterly

Net Interest Margin4.02%
Return on Assets1.84%
Return on Equity20.66%
Interest Income$4.62 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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, 2013 The Bank of Union had $89.1 million in non-current loans and owned real-estate with $53.87 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Union a Texas Ratio of 165.40% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for The Bank of Union increased slightly from 17.83% as of March 31, 2012 to 165.40% as of March 31, 2013, resulting in a negative change of 827.74%. This indicates that the balance sheet and financial strength for The Bank of Union has declined slightly in recent periods.
Deposit Growth2
In the past year, The Bank of Union has decreased its total deposits by -$10.17 million, resulting in -2.8% 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 The Bank of Union has shown is below average.
Capitalization5
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. The Bank of Union has $387.77 million in assets with $53.87 million in equity, resulting in a capitalization level of 13.89%, which is excellent.
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Reasonable ? Atm Fee
3 stars - diamondx - Sunday, November 25, 2012 - 9:14 AM

I travel the country and am always trying to keep MY money in MY pocket, so atm fees are a concern. I am currently working near El Reno, Ok. and WAS going to get some cash from an fee free "ALLPOINT" atm until I found out it was "currently not working". ........so I drive down the street and pull into a Bank of Union atm and was ready for the 3 or 4 dollar atm charge to be taken from my pocket and was surprised to find their fee was a reasonable  ? $2.00. ------ just a FYI for anyone concerned-------

Is there any websites that list low fee or free atm locations ?  

2
 
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