Despite a dip in deposits, Bank of Oklahoma retained the state's top spot in the latest federal report on bank market share released Monday.
The Tulsa-based bank, a unit of BOK Financial Corp., had $10.27 billion in deposits as of June 30, giving it 13.54 percent of the banking market in Oklahoma. It had $10.31 billion in Oklahoma deposits at the end of June 2012.
BancFirst remained at No. 2, with $5.17 billion in state deposits and 6.82 percent of the market. It was followed by MidFirst Bank, which had $4.63 billion in state deposits as of June 30. MidFirst had 6.1 percent of the Oklahoma banking market.
The top nine banks stayed in the same position this year as they were at the end of June 2012. International Bank of Commerce replaced Stillwater National Bank and Trust Co. in 10th place, with the Stillwater bank coming in at No. 11 as of June 30.
Banks down from ‘12
Total bank deposits in Oklahoma grew to $75.9 billion, up from $74.4 billion at the end of June 2012, according to the Federal Deposit Insurance Corp. Oklahoma had 249 institutions insured by the FDIC, down from 255 in 2012.
The Oklahoma City metropolitan area remained more competitive for banking deposits than Tulsa. MidFirst had almost 14 percent of the deposits in the Oklahoma City area, followed closely by JPMorgan Chase Bank, with 12 percent, and Bank of Oklahoma, with 10.5 percent.
Meanwhile, Bank of Oklahoma had almost one-third of the deposits in the Tulsa metropolitan area.
The bank claimed 31 percent of the Tulsa market as of June 30. It was followed by F&M Bank and Trust Co., with 8.4 percent, and Bank of America, with 8.16 percent of the deposits in the Tulsa area.
Taken together, the Oklahoma City and Tulsa metropolitan areas accounted for almost 64 percent of the state's total deposits at the end of June, according to FDIC data.
In Lawton, City National Bank and Trust Co. of Lawton had $253 million in deposits on June 30, or 18 percent of the market in the Lawton metropolitan area. It was followed closely by BancFirst, with 17 percent, and Liberty National Bank, with 16.3 percent of the Lawton area's deposits.
The FDIC's Deposit Market Share Report is a snapshot of bank deposits on just one day of the year and can be subject to one-time events or manipulation. But the reports are among the few public sources of market-share data.