ACB Bank in Cherokee, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


ACB Bank - Overview

  • General
  • FDIC Certificate #: 4061
    Status: Active
    Federal Reserve ID: 266253
    Bank Holding Company (Regulatory Top Holder): Alfalfa County Bancshares, Inc. (RSSDID: 1055708, Location: Cherokee, OK)
    Date Established: January 29, 1908
    WWW: http://www.acbbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13760
    FDIC's unique #: 2636
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 22, 2006
    Last Structure Change Process Date: October 05, 2006
    Last Data Update: October 05, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 323 S Grand Street, Cherokee, OK 73728
    County: Alfalfa
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Oklahoma City
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $69.0 mil
    Equity capital: $6.2 mil
    Deposits held in domestic offices: $55.4 mil
    Return on assets (ROA): 1.32% ($0.9 mil)
    Quarterly return on assets: 0.16% ($0.1 mil)
    Return on Equity (ROE): 16.01% ($1.0 mil)
    Quarterly return on equity: 1.72% ($0.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.34% ($924.1 mil)
    Quarterly Pretax return on assets: 0.16% ($110.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $68,961Total assets
  • $1,353Cash and due from depository institutions
  • $9Interest-bearing balances
  • $19,236Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,187Net loans & leases
  • $999Loan loss allowance
  • $0Trading account assets
  • $1,363Bank premises and fixed assets
  • $761Other real estate owned
  • $67Goodwill and other intangibles
  • $68,961Life insurance assets
  • $2,994All other assets
  • $62,732Total liabilities and capital
  • $55,399Total liabilities
  • $45,493Total deposits
  • $55,399Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,058Trading liabilities
  • $0Other borrowed funds
  • $275Subordinated debt
  • $6,229All other liabilities
  • $6,229Total equity capital
  • $6,229Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,667Surplus
  • $3,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,859Income earned, not collected on loans
  • $2,197Earning assets
  • $775Long-term assets (5+ years)
  • $62,432Average Assets, year-to-date
  • $26,949Average Assets, quarterly
  • $68,816Volatile liabilities
  • $68,533Insider loans
  • $46,633FHLB advances
  • $67,984Loans and leases held for sale
  • $1,383Unused loan commitments
  • $1,383Tier 1 (core) risk-based capital
  • $5,778Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,671Restructured Loans and leases
  • $9Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,442Total interest income
  • $743Total interest expense
  • $2,699Net interest income
  • $190Provision for loan and lease losses
  • $136Total noninterest income
  • $0Fiduciary activities
  • $351Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$215Additional noninterest income
  • $1,828Total noninterest expense
  • $862Salaries and employee benefits
  • $189Premises and equipment expense
  • $777Additional noninterest expense
  • $817Pre-tax net operating income
  • $102Securities gains (losses)
  • $13Applicable income taxes
  • $906Income before extraordinary items
  • $0Extraordinary gains - net
  • $906Net income attributable to bank
  • $0Net charge-offs
  • $906Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 16.01%Return on equity (ROE)
  • 14.25%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -1461.54%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,892Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.04%Loss allowance to loans
  • 2.26%Loss allowance to noncurrent loans
  • 34.94%Noncurrent assets plus other real estate owned to assets
  • 5.25%Noncurrent loans to loans
  • 6.47%Net loans and leases to deposits
  • 77.96%Net loans and leases to core deposits
  • 87.68%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $68,816Average earning assets
  • $5,658Average equity
  • $62,064Average loans

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02636Acb Bank323 S Grand Street, Cherokee, OK 73728January 29, 1908Full Service Brick and Mortar
    1362029Waukomis Branch100 N Main Street, Waukomis, OK 73773September 17, 2001Full Service Brick and Mortar
    21548Garber Branch323 Main Street, Garber, OK 73738January 01, 1907Full Service Brick and Mortar

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