Banks | Bank 7

Bank 7


Bank 7 is an FDIC insured institution headquartered at 1039 Nw 63rd St, Oklahoma City, OK 73116.
It was founded in 1901 and has approximately $2 billion in assets. Customers can open an account at one of its 9 branches.

Deposit Rates - December 21, 2024

SAVINGS RATES APY MIN
Savings
0.05% $100 Compare
CD RATES APY MIN
6 Mo CD
0.50% $1,000 Compare
12 Mo CD
0.85% $1,000 Compare
24 Mo CD
1.01% $10,000 Compare
36 Mo CD
1.11% $10,000 Compare
48 Mo CD
1.11% $10,000 Compare
MM RATES APY MIN
Money Market
0.10% $10,000 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4147
Date Established 1901
Assets $ 1,681.90 million
Loans $ 1,334.32 million
Deposits $ 1,481.36 million
Capital $ 189.76 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 222.31 million
Interest-bearing balances $ 198.06 million
Total securities $ 66.28 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,334.32 million
Loan loss allowance $ 17.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.32 million
Goodwill and other intangibles $ 8.39 million
All other assets $ 11.51 million
     Total Assets $ 1,492.15 million

LIABILITIES
Total deposits $ 1,481.36 million
      Interest-bearing deposits $ 1,130.99 million
      Deposits held in domestic offices $ 1,481.36 million
      % insured (estimated) 77.20%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 9.86 millionn
      Total Liabilities $ 1,492.15 million
      Shareholders’ Equity $ 189.76 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 65.72 million
Total Interest Expense $ 22.48 million
Net interest income $ 43.24 million
Provision for loan and lease losses N.A.
Total non interest income $ 5.17 million
Total non interest expense $ 18.28 million
Pre-tax Net Operating Income $ 17.60 million

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Branches

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Bank 7 Locations

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