Arvest Bank in Fort Smith, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 08, 2002

Arvest Bank in Fort Smith, Arkansas (AR)
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Arvest Bank - Overview

General
FDIC Certificate #: 3879
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Arvest Bank (#8728)
Federal Reserve ID: 465748
Date Established: January 01, 1890
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 2530
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 01, 1934
Last Structure Change Effective Date: Febuary 08, 2002
Last Structure Change Process Date: Febuary 25, 2002
Last Data Update: Febuary 25, 2002
Data Source Date: April 05, 2012
Location
Address: 3200 Rogers Avenue, Fort Smith, AR 72903
County: Sebastian
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Fort Smith, AR-OK (#2720)
Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900)
CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
Financial Summary
Total assets: $67.0 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
49Total employees (full-time equivalent)
$67,006Total assets
$2,372Cash and due from depository institutions
$0Interest-bearing balances
$8,153Securities
$0Federal funds sold & reverse repurchase agreements
$50,367Net loans & leases
$577Loan loss allowance
$0Trading account assets
$5,257Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$857All other assets
$67,006Total liabilities and capital
$58,751Total liabilities
$56,773Total deposits
$52,039Interest-bearing deposits
$56,773Deposits held in domestic offices
0.00%% insured (estimated)
$1,315Federal funds purchased & repurchase agreements
$0Trading liabilities
$269Other borrowed funds
$0Subordinated debt
$394All other liabilities
$8,255Total equity capital
$8,255Total bank equity capital
$8,255Perpetual preferred stock
$0Common stock
$0Surplus
$10,446Undivided profits
Memoranda
$-2,191Noncurrent loans and leases
$4,354Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$390Earning assets
$0Long-term assets (5+ years)
$314Average Assets, year-to-date
$58,520Average Assets, quarterly
$1,725Volatile liabilities
$56,543Insider loans
$65,872FHLB advances
$12,202Loans and leases held for sale
$115Unused loan commitments
$269Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,354Total unused commitments
$0Restructured Loans and leases
$577Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$3,949Total interest income
$2,086Total interest expense
$1,863Net interest income
$590Provision for loan and lease losses
$1,064Total noninterest income
$0Fiduciary activities
$795Service charges on deposit accounts
$0Trading account gains & fees
$269Additional noninterest income
$3,721Total noninterest expense
$2,004Salaries and employee benefits
$511Premises and equipment expense
$1,206Additional noninterest expense
-$1,384Pre-tax net operating income
$0Securities gains (losses)
-$549Applicable income taxes
-$835Income before extraordinary items
$0Extraordinary gains - net
-$835Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$306Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
4.23%Cost of funding earning assets
3.78%Net interest margin
2.16%Noninterest income to earning assets
7.55%Noninterest expense to earning assets
-1.48%Net operating income to assets
-1.48%Return on assets (ROA)
-2.45%Pretax return on assets
-9.72%Return on equity (ROE)
-9.72%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
192.81%Credit loss provision to net charge-offs
-2.59%Efficiency ratio
127,127Assets per employee
1.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
147.95%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.77%Net loans and leases to deposits
88.72%Net loans and leases to core deposits
109.77%Equity capital to assets
12.32%Core capital (leverage) ratio
12.42%Tier 1 risk-based capital ratio
16.29%Total risk-based capital ratio
Memoranda
$17Average assets
$56,543Average earning assets
$8,588Average equity
$49,306Average loans

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