Farmers Exchange Bank in Cherokee, Oklahoma (OK)

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Farmers Exchange Bank routing number info

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Farmers Exchange Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$153,421
Cash and due from depository institutions$4,790
Interest-bearing balances$2,674
Federal funds sold & reverse repurchase agreements$320
Net loans & leases$62,100
Loan loss allowance $1,321
Trading account assets$0
Bank premises and fixed assets$1,129
Other real estate owned$0
Goodwill and other intangibles$537
All other assets$6,299
Life insurance assets$153,421
Total liabilities and capital$137,210
Total liabilities$132,280
Total deposits$95,418
Interest-bearing deposits$132,280
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $930
All other liabilities $16,211
Total equity capital$16,211
Total bank equity capital$16,211
Perpetual preferred stock$0
Common stock$250
Undivided profits $9,767
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,244
Earning assets $0
Long-term assets (5+ years) $1,259
Average Assets, year-to-date $143,340
Average Assets, quarterly $81,701
Volatile liabilities $140,133
Insider loans $150,510
FHLB advances $86,272
Loans and leases held for sale $149,719
Unused loan commitments $3,913
Tier 1 (core) risk-based capital $3,913
Tier 2 risk-based capital $12,399
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $23,222
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,166
Total interest expense $894
Net interest income $5,272
Provision for loan and lease losses $24
Total noninterest income $1,321
Fiduciary activities $0
Service charges on deposit accounts $507
Trading account gains & fees $0
Additional noninterest income $814
Total noninterest expense $3,514
Salaries and employee benefits $1,876
Premises and equipment expense $393
Additional noninterest expense $1,245
Pre-tax net operating income $3,055
Securities gains (losses) $321
Applicable income taxes $0
Income before extraordinary items $3,376
Extraordinary gains - net $0
Net income attributable to bank $3,376
Net charge-offs $0
Cash dividends $3,376
Sale, conversion, retirement of capital stock, net -$83
Net operating income $937
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.76%
Cost of funding earning assets 0.69%
Net interest margin 4.07%
Noninterest income to earning assets 1.02%
Noninterest expense to earning assets 2.72%
Net operating income to assets 2.18%
Return on assets (ROA) 2.41%
Pretax return on assets 2.41%
Return on equity (ROE) 24.83%
Retained earnings to average equity (YTD only) 17.94%
Net charge-offs to loans -0.14%
Credit loss provision to net charge-offs -28.92%
Efficiency ratio0.00%
Assets per employee$52,465
Cash dividends to net income (YTD only)4.65%
Condition Ratios (%)
Loss allowance to loans 27.75%
Loss allowance to noncurrent loans 2.08%
Noncurrent assets plus other real estate owned to assets 106.19%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits1.96%
Net loans and leases to core deposits 46.95%
Equity capital to assets 53.29%
Core capital (leverage) ratio 10.57%
Tier 1 risk-based capital ratio 8.28%
Total risk-based capital ratio 14.37%
Average assets$16
Average earning assets$140,133
Average equity $13,598
Average loans $129,423
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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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