Sovereign Bank
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Data as of · sourced from FFIEC call reports. How we update
Sovereign Bank is an FDIC-insured commercial bank headquartered in Shawnee, OK, established in 1984 (FDIC certificate 25738), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.47B, up 13.8% from Q2 2025, the 17th largest of 169 banks headquartered in Oklahoma. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.29% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 25738
- Headquarters
- Shawnee, OK
- Established
- 1984
- Total assets, Q2 2026
- $1.47B
- Assets vs Q2 2025
- +13.8%
- Tier 1 leverage ratio, Q2 2026
- 10.29%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 103103451
- Latest call report
- Q2 2026, FFIEC 051 · Sovereign Bank call report
- Holding company
- SOVEREIGN BANCORP, INC.
- Asset rank in state
- 17th of 169 in Oklahoma
Sovereign Bank leans heavily on commercial real estate. Its balance sheet stood at $1.5 billion at June 30, 2026, up 13.8% from a year earlier; it is based in Shawnee, Oklahoma. It holds commercial real estate loans worth 3.5 times its capital, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.2 times). On the other hand, it carries problem assets equal to 0.4% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for banks its size.
Net income for the quarter slipped 16% from a year earlier, to $2.2 million. Over the same year, loans grew 20.4% and deposits grew 12.3%. Profitability lags: it returns 5.7% a year on shareholders' equity, about half the median of 12.6% for banks its size.
As of June 30, 2026, Sovereign Bank reported a return on assets of 0.64%, a nonperforming-loan ratio of 0.06% and a Texas ratio of 0.44%. The figures come from its call report filed with the FFIEC.
Of the 169 banks headquartered in Oklahoma, Sovereign Bank is the 17th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 5.4% to $1.47B, loans rose 9.1% and deposits rose 4.7%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 29.6% of total loans, ahead of commercial and industrial loans at 16.9%. The FDIC Summary of Deposits lists 9 offices for it, in 9 cities in OK; its Shawnee office books 51% of its branch deposits. By the capital ratios in its Q2 2026 call report, Sovereign Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 130 E Macarthur St, Shawnee, OK 74804
- County
- Pottawatomie
- Metro Area
- Shawnee, OK
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 29, 1984
- Former names
- First National Bank and Trust Company (1995-2023)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 180
- Domestic deposits
- $1.19B
- Allowance for credit losses
- $16.3M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $1.40B
- Average total loans
- $1.12B
- Average interest-bearing deposits
- $1.03B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 29, 1984
- FDIC Cert
- 25738
- Fed RSSD
- 396253
- SEC CIK
- 2060318 → filed by SOVEREIGN BANCORP, INC.
- Website
- WWW.BANKSOVEREIGN.COM →
- Parent Holding Company
- SOVEREIGN BANCORP, INC. (RSSD 5875511)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Sovereign Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Sovereign Bank's total assets ran between $922.2M (Q3 2023) and $1.47B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.47B total assets against $1.30B; $1.32B total liabilities against $1.15B.
$1.19B net loans and leases against $988.7M; $1.19B total deposits against $1.06B.
$154.4M securities against $137.8M; $57.7M cash and balances due against $100.2M.
$22.8M total interest income against $20.2M; $8.2M total interest expense against $7.2M.
$14.5M net interest income against $13.0M.
$539K total noninterest income against $502K; $11.1M total noninterest expense against $9.7M.
$1.3M provision for credit losses against $250K.
$2.2M net income against $2.7M.
0.64% return on assets against 0.87%; 4.42% net interest margin against 4.40%.
10.29% tier 1 leverage ratio against 10.72%.
Inside the full Sovereign Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Sovereign Bank rankings
Its closest position to the top of a national ranking is 742 of 4,196, for total assets; its furthest is 3,100 of 3,611, for ROA.
Metric pages for Sovereign Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.52% (Q4 2024) to 0.87% (Q2 2025) and its net interest margin ran from 4.21% (Q1 2026) to 4.54% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.29% | 0.64% | 0.06% | 0.44% | 4.42% |
| Q1 2026 | 10.58% | 0.67% | 0.05% | 0.37% | 4.21% |
| Q4 2025 | 10.81% | 0.71% | 0.03% | 0.19% | 4.41% |
| Q3 2025 | 10.79% | 0.82% | 0.00% | 0.03% | 4.50% |
| Q2 2025 | 10.72% | 0.87% | 0.00% | 0.00% | 4.40% |
| Q1 2025 | 10.34% | 0.79% | 0.00% | 0.03% | 4.27% |
| Q4 2024 | 10.14% | 0.52% | 0.00% | 0.37% | 4.41% |
| Q3 2024 | 10.18% | 0.74% | 0.00% | 0.38% | 4.54% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Sovereign Bank (main office) | Shawnee , OK | 74804 | $608.9M |
| Oklahoma City Branch | Oklahoma City , OK | 73112 | $314.0M |
| Quanah Parker Branch | Lawton , OK | 73506 | $73.7M |
| Edmond Branch | Edmond , OK | 73013 | $55.1M |
| Holdenville Branch | Holdenville , OK | 74848 | $50.6M |
| South Douglas Boulevard Branch | Midwest City , OK | 73130 | $33.8M |
| The First State Bank Branch | Canute , OK | 73626 | $24.7M |
| Mangum Branch | Mangum , OK | 73554 | $18.0M |
| Granite Branch | Granite , OK | 73547 | $15.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2026 | Structure Change | Acquired The First National Bank in Marlow Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 18, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2021 | Structure Change | Acquired The First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 29, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 29, 2006 | Structure Change | Acquired The Guarantee State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.8% of deposits in OK, rank 21 of 192 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 538 applications, 485 loans originated, $125.7M originated, across 14 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $960K approved, $240K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Sovereign Bank
What are Sovereign Bank's total assets?
As of the Q2 2026 filing, Sovereign Bank reported total assets of $1.47 billion in its FFIEC call report.
Where is Sovereign Bank headquartered?
It is headquartered in Shawnee, OK, United States.
When was Sovereign Bank founded?
It was established in 1984, per the FDIC institution directory.
Is Sovereign Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #25738). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sovereign Bank?
Sovereign Bank's primary federal regulator is the Federal Reserve.
How many branches does Sovereign Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sovereign Bank's Texas Ratio?
Its Texas Ratio is 0.44% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Sovereign Bank previously called?
The charter now named Sovereign Bank has also operated as First National Bank and Trust Company (1995-2023), per FDIC structure-change records.
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