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


Farmers Exchange Bank - Overview

  • General
  • FDIC Certificate #: 15118
    Status: Active
    Federal Reserve ID: 1002850
    Bank Holding Company (Regulatory Top Holder): Farmers Exchange Bancorporation, Inc. (RSSDID: 1060841, Location: Cherokee, OK)
    Date Established: March 02, 1935
    WWW: http://www.farmereb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 16041
    FDIC's unique #: 9492
    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: May 03, 1935
    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: 419 South 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $153.4 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $132.3 mil
    Return on assets (ROA): 2.41% ($3.7 mil)
    Quarterly return on assets: 2.50% ($3.8 mil)
    Return on Equity (ROE): 24.83% ($4.0 mil)
    Quarterly return on equity: 23.77% ($3.8 mil)
    Net income: $3.4 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 2.41% ($3,697.4 mil)
    Quarterly Pretax return on assets: 2.50% ($3,835.5 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
  • 33Total employees (full-time equivalent)
  • $153,421Total assets
  • $4,790Cash and due from depository institutions
  • $2,674Interest-bearing balances
  • $78,246Securities
  • $320Federal funds sold & reverse repurchase agreements
  • $62,100Net loans & leases
  • $1,321Loan loss allowance
  • $0Trading account assets
  • $1,129Bank premises and fixed assets
  • $0Other real estate owned
  • $537Goodwill and other intangibles
  • $153,421Life insurance assets
  • $6,299All other assets
  • $137,210Total liabilities and capital
  • $132,280Total liabilities
  • $95,418Total deposits
  • $132,280Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $930Subordinated debt
  • $16,211All other liabilities
  • $16,211Total equity capital
  • $16,211Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $6,194Surplus
  • $9,767Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,244Income earned, not collected on loans
  • $0Earning assets
  • $1,259Long-term assets (5+ years)
  • $143,340Average Assets, year-to-date
  • $81,701Average Assets, quarterly
  • $140,133Volatile liabilities
  • $150,510Insider loans
  • $86,272FHLB advances
  • $149,719Loans and leases held for sale
  • $3,913Unused loan commitments
  • $3,913Tier 1 (core) risk-based capital
  • $12,399Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,222Restructured Loans and leases
  • $3,846Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,166Total interest income
  • $894Total interest expense
  • $5,272Net interest income
  • $24Provision for loan and lease losses
  • $1,321Total noninterest income
  • $0Fiduciary activities
  • $507Service charges on deposit accounts
  • $0Trading account gains & fees
  • $814Additional noninterest income
  • $3,514Total noninterest expense
  • $1,876Salaries and employee benefits
  • $393Premises and equipment expense
  • $1,245Additional noninterest expense
  • $3,055Pre-tax net operating income
  • $321Securities gains (losses)
  • $0Applicable income taxes
  • $3,376Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,376Net income attributable to bank
  • $0Net charge-offs
  • $3,376Cash dividends
  • -$83Sale, conversion, retirement of capital stock, net
  • $937Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.07%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 2.18%Net operating income to assets
  • 2.41%Return on assets (ROA)
  • 2.41%Pretax return on assets
  • 24.83%Return on equity (ROE)
  • 17.94%Retained earnings to average equity (YTD only)
  • -0.14%Net charge-offs to loans
  • -28.92%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,465Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.75%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 106.19%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 46.95%Net loans and leases to core deposits
  • 53.29%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $140,133Average earning assets
  • $13,598Average equity
  • $129,423Average loans

List of branches

  • 5 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09492Farmers Exchange Bank419 South Grand Street, Cherokee, OK 73728March 02, 1935Full Service Brick and Mortar
    113651Tonkawa Branch111 East Grand Street, Tonkawa, OK 74653October 08, 1968Full Service Brick and Mortar
    2249694Drive-In Branch116 North 7th Street, Tonkawa, OK 74653October 08, 1968Limited Service Facility
    36090Wakita Branch101 South Locust, Wakita, OK 73771January 01, 1901Full Service Brick and Mortar
    42683Helena BranchThird And Main Street, Helena, OK 73741January 01, 1901Full Service Brick and Mortar

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