Arvest Bank in Norman, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 2002

  • Arvest Bank in Norman, Oklahoma (OK)
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Arvest Bank - Overview

  • General
  • FDIC Certificate #: 26867
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Arvest Bank (#8728)
    Federal Reserve ID: 916053
    Date Established: January 08, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 21 (Interstate: No)
    OTS Docket #: 15756
    FDIC's unique #: 36135
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 08, 1987
    Last Structure Change Effective Date: May 16, 2002
    Last Structure Change Process Date: May 23, 2002
    Last Data Update: May 23, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 East Main Street, Norman, OK 73070
    County: Cleveland
    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
    Metropolitan Statistical Area (MSA): Oklahoma City, OK (#5880)
    Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416)
    Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420)
    CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
  • Financial Summary
  • Total assets: $504.4 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, 2001)

  • Dollar figures in thousands
  • 293Total employees (full-time equivalent)
  • $497,382Total assets
  • $25,334Cash and due from depository institutions
  • $75Interest-bearing balances
  • $90,794Securities
  • $32,350Federal funds sold & reverse repurchase agreements
  • $305,493Net loans & leases
  • $5,016Loan loss allowance
  • $0Trading account assets
  • $16,552Bank premises and fixed assets
  • $6Other real estate owned
  • $17,806Goodwill and other intangibles
  • $0Life insurance assets
  • $9,047All other assets
  • $497,382Total liabilities and capital
  • $445,840Total liabilities
  • $434,422Total deposits
  • $350,222Interest-bearing deposits
  • $434,422Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,715Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,131Other borrowed funds
  • $0Subordinated debt
  • $3,572All other liabilities
  • $51,542Total equity capital
  • $51,542Total bank equity capital
  • $51,542Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $52,846Undivided profits
  • Memoranda
  • $-1,804Noncurrent loans and leases
  • $103,934Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,019Earning assets
  • $549Long-term assets (5+ years)
  • $3,884Average Assets, year-to-date
  • $428,712Average Assets, quarterly
  • $56,826Volatile liabilities
  • $477,537Insider loans
  • $489,304FHLB advances
  • $37,565Loans and leases held for sale
  • $6,426Unused loan commitments
  • $2,605Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $103,934Total unused commitments
  • $401Restructured Loans and leases
  • $4,276Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $31,079Total interest income
  • $13,204Total interest expense
  • $17,875Net interest income
  • $2,138Provision for loan and lease losses
  • $15,047Total noninterest income
  • $0Fiduciary activities
  • $7,452Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,595Additional noninterest income
  • $31,835Total noninterest expense
  • $11,779Salaries and employee benefits
  • $3,781Premises and equipment expense
  • $16,275Additional noninterest expense
  • -$1,051Pre-tax net operating income
  • -$12Securities gains (losses)
  • -$108Applicable income taxes
  • -$955Income before extraordinary items
  • $0Extraordinary gains - net
  • -$955Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,243Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 3.22%Cost of funding earning assets
  • 4.36%Net interest margin
  • 3.67%Noninterest income to earning assets
  • 7.76%Noninterest expense to earning assets
  • -0.20%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.22%Pretax return on assets
  • -1.84%Return on equity (ROE)
  • -1.84%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 95.32%Credit loss provision to net charge-offs
  • 0.48%Efficiency ratio
  • 91,914Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 124.81%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 70.32%Net loans and leases to core deposits
  • 75.97%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 9.73%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $477,537Average earning assets
  • $51,917Average equity
  • $410,147Average loans

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