Alva State Bank & Trust Company in Alva, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Alva State Bank & Trust Company in Alva, Oklahoma (OK)
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Alva State Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 9465
    Status: Active
    Federal Reserve ID: 246956
    Bank Holding Company (Regulatory Top Holder): Grace Investment Company, Inc. Esop, The (RSSDID: 3822687, Location: Alva, OK)
    Date Established: September 10, 1901
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 9767
    FDIC's unique #: 6082
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 518 College Avenue, Alva, OK 73717
    County: Woods
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $206.3 mil
    Equity capital: $33.8 mil
    Deposits held in domestic offices: $166.2 mil
    Return on assets (ROA): 2.18% ($4.5 mil)
    Quarterly return on assets: 2.07% ($4.3 mil)
    Return on Equity (ROE): 12.68% ($4.3 mil)
    Quarterly return on equity: 12.27% ($4.2 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 2.18% ($4,497.9 mil)
    Quarterly Pretax return on assets: 2.07% ($4,270.9 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
  • 32Total employees (full-time equivalent)
  • $206,324Total assets
  • $5,999Cash and due from depository institutions
  • $2,917Interest-bearing balances
  • $62,175Securities
  • $2,600Federal funds sold & reverse repurchase agreements
  • $131,840Net loans & leases
  • $2,247Loan loss allowance
  • $0Trading account assets
  • $128Bank premises and fixed assets
  • $59Other real estate owned
  • $0Goodwill and other intangibles
  • $206,324Life insurance assets
  • $3,523All other assets
  • $172,544Total liabilities and capital
  • $166,221Total liabilities
  • $123,769Total deposits
  • $166,221Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,207Trading liabilities
  • $0Other borrowed funds
  • $116Subordinated debt
  • $33,780All other liabilities
  • $33,780Total equity capital
  • $33,780Total bank equity capital
  • $0Perpetual preferred stock
  • $128Common stock
  • $6,000Surplus
  • $27,652Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,058Income earned, not collected on loans
  • $0Earning assets
  • $1,820Long-term assets (5+ years)
  • $199,532Average Assets, year-to-date
  • $86,337Average Assets, quarterly
  • $194,904Volatile liabilities
  • $205,196Insider loans
  • $145,216FHLB advances
  • $203,959Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,245Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,161Restructured Loans and leases
  • $35Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,526Total interest income
  • $1,562Total interest expense
  • $6,964Net interest income
  • $250Provision for loan and lease losses
  • $742Total noninterest income
  • $5Fiduciary activities
  • $335Service charges on deposit accounts
  • $0Trading account gains & fees
  • $402Additional noninterest income
  • $3,431Total noninterest expense
  • $2,154Salaries and employee benefits
  • $157Premises and equipment expense
  • $1,120Additional noninterest expense
  • $4,025Pre-tax net operating income
  • $216Securities gains (losses)
  • $0Applicable income taxes
  • $4,241Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,241Net income attributable to bank
  • $0Net charge-offs
  • $4,241Cash dividends
  • $538Sale, conversion, retirement of capital stock, net
  • $3,079Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • 2.18%Return on assets (ROA)
  • 2.18%Pretax return on assets
  • 12.68%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 46.47%Credit loss provision to net charge-offs
  • 7.95%Efficiency ratio
  • 44,524Assets per employee
  • 6.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.60%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 55.37%Noncurrent assets plus other real estate owned to assets
  • 2.00%Noncurrent loans to loans
  • 3.03%Net loans and leases to deposits
  • 79.32%Net loans and leases to core deposits
  • 86.80%Equity capital to assets
  • 16.37%Core capital (leverage) ratio
  • 15.81%Tier 1 risk-based capital ratio
  • 22.20%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $194,904Average earning assets
  • $33,438Average equity
  • $188,345Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,527Managed Assets
  • 1Number of Accounts
  • $2,527Personal trust and agency accounts
  • $2,527Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06082Alva State Bank & Trust Company518 College Avenue, Alva, OK 73717September 10, 1901Full Service Brick and Mortar
    2289509Enid Branch801 West Broadway, Enid, OK 73701April 19, 1991Full Service Brick and Mortar
    3220203Burlington Branch5th And Locust, Burlington, OK 73722May 15, 1995Full Service Brick and Mortar

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