Old Glory Bank
Elmore City, Oklahoma · FDIC Cert #18924
Old Glory Bank is an FDIC-insured bank (Certificate #18924) with $140M in total assets and $129M in total deposits as of the Q2 2024 Call Report. Headquartered in Elmore City, Oklahoma, the bank maintains a Tier 1 capital ratio of 84.87% (Well-Capitalized) and a nonperforming loan ratio of 4.32%. BankHealthData assigns a composite Health Grade of C (64/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Old Glory Bank (FDIC cert 18924) is a community bank — $140M in total assets, $129M in deposits, serving the Elmore City, Oklahoma area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 84.87% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 4.32% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is very high: 75.5% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is negative: ROA of -11.44% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Old Glory Bank carries a composite BankHealth grade of C (64/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Old Glory Bank
- Total Assets
- $140M
- Total Deposits
- $129M
- Tier 1 Capital Ratio
- 84.87%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 4.32%
- Liquidity Ratio
- 75.46%
- Return on Assets
- -11.44%
- Headquarters
- Elmore City, Oklahoma
- FDIC Certificate
- #18924
- Health Grade
- C (64/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Old Glory Bank holds a Tier 1 capital ratio of 84.87%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Old Glory Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Old Glory Bank shows average financial health. While not alarming, its Health Score of 64/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Old Glory Bank Compares
Old Glory Bank’s Health Score of 64 is 0 points above the Oklahoma state average of 64 across 141 FDIC-insured banks. Its 84.87% Tier 1 capital ratio is 70.9 points above the US banking industry average near 14%. The 4.32% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -11.44% is below the national ROA benchmark of ~1.1%. Among 1322 similarly-sized banks, the average Health Score is 68, meaning this bank ranks below its size cohort. Site-wide, Old Glory Bank is 6 points below the portfolio average of 70.
Frequently Asked Questions
Old Glory Bank has a Bank Health Score of C (64/100), placing it in average financial health. It holds a Tier 1 capital ratio of 84.87%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Old Glory Bank's Tier 1 capital ratio of 84.87% and nonperforming loan ratio of 4.32% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Old Glory Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #18924). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Old Glory Bank holds $140M in total assets and $129M in total deposits. It is headquartered in Elmore City, Oklahoma (FDIC Certificate #18924).
Old Glory Bank has a Tier 1 capital ratio of 84.87%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 4.32%, and the return on assets is -11.44%.
Yes. Old Glory Bank is FDIC-insured (Certificate #18924). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Old Glory Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.