There are a total of 185 banks currently operating in the state of Oklahoma that are also insured by the federal deposit insurance corporation. Of this amount, 187 of these banks are headquartered in the state and therefore can be considered Oklahoma-based banks. Banks operating within the state had in total $170 billion of assets, $138 billion of deposits and $104 billion of loans outstanding as of this writing. Looking at the asset composition of banks in Oklahoma, residential mortgages made up 19% of the assets managed by these banks. In addition to this, these banks in total employ 25,476 people within the state. This represents 0.6% of the population.

Density of Banks in Oklahoma

There are a total of 1,302 bank branches located within the state of Oklahoma. This works out to a ratio of approximately 3.3 branches per 10,000 people in Oklahoma.  If we take the data on the banks in Oklahoma and compare it with the banks operating in other states, we find that on this metric, banks in Oklahoma rank 14th out of the 52 states and territories. This is ranked in order of most to least branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Oklahoma had on average 1.9 branches per 100 square miles. As a result, Oklahoma ranks 37th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Oklahoma

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  • Net Interest Margin – banks in the state of Oklahoma are on average above the average bank’s net interest margin in the United States. This is for FDIC-insured banks only. Overall, the net interest margin for banks in Oklahoma is ranked 12nd out of the 52 states and main territories in the United States.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Oklahoma is ranked 5th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Oklahoma is ranked 6th out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Oklahoma are ranked 15th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average worse than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Oklahoma are ranked 52nd out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in the state of Oklahoma

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As of this writing Bokf is the largest bank operating in Oklahoma and this is based on its share of deposits within the state. Bokf currently has a 15% share of the deposits within the state. Below is summary information on the top 5 largest banks in Oklahoma.

Bokf

Bokf currently has the largest share of deposits within the state and has $19.0 billion of deposits. In addition to this the bank also has 44 offices within the state, which represents 35% of its total domestic offices.

Main Office Address: One Williams Ctr. Tulsa, OK 74172

Website: www.bokfinancial.com

Midfirst Bank

Midfirst Bank currently has the second largest share of deposits within the state and has $14.4 billion of deposits. The bank also has 49 offices within the state, which represents 60% of its total domestic offices.

Main Office Address: 501 Nw Grand Blvd. Oklahoma City, OK 73118

Website: www.midfirst.com

Bancfirst

Bancfirst currently has the third largest share of deposits within the state and has $8.9 billion of deposits. The bank also has 116 offices within the state, which represents 97% of its total domestic offices.

Main Office Address: 100 N Broadway Ave Oklahoma City, OK 73102

Website: www.bancfirst.bank

JPMorgan Chase Bank

JPMorgan Chase Bank currently has the fourth largest share of deposits within the state and has $6.8 billion of deposits. Further, the bank also has 27 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 1111 Polaris Pkwy. Columbus, OH 43240

Website: www.jpmorganchase.com

Arvest Bank

Arvest Bank currently has the fifth largest share of deposits within the state and has $6.8 billion of deposits. In addition, the bank also has 82 offices within the state, which represents 33% of its total domestic offices.

Main Office Address: 75 N. East St. Fayetteville, AR 72701

Website: www.arvest.com