First American Bank in Erick, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank - Overview

  • General
  • FDIC Certificate #: 4092
    Status: Active
    Federal Reserve ID: 280352
    Bank Holding Company (Regulatory Top Holder): Erick Bancshares, Inc. (RSSDID: 2209030, Location: Erick, OK)
    Date Established: December 12, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 2665
    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: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 West Broadway, Erick, OK 73645
    County: Beckham
    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
    Core Based Statistical Area (CBSA): Elk City, OK (#21120)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $40.7 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $37.2 mil
    Return on assets (ROA): 1.10% ($0.5 mil)
    Quarterly return on assets: 1.06% ($0.4 mil)
    Return on Equity (ROE): 13.16% ($0.4 mil)
    Quarterly return on equity: 12.85% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.10% ($448.0 mil)
    Quarterly Pretax return on assets: 1.06% ($431.7 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
  • 8Total employees (full-time equivalent)
  • $40,727Total assets
  • $10,596Cash and due from depository institutions
  • $10,085Interest-bearing balances
  • $16,542Securities
  • $639Federal funds sold & reverse repurchase agreements
  • $12,065Net loans & leases
  • $153Loan loss allowance
  • $0Trading account assets
  • $363Bank premises and fixed assets
  • $0Other real estate owned
  • $171Goodwill and other intangibles
  • $40,727Life insurance assets
  • $351All other assets
  • $37,249Total liabilities and capital
  • $37,151Total liabilities
  • $20,836Total deposits
  • $37,151Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $98Subordinated debt
  • $3,478All other liabilities
  • $3,478Total equity capital
  • $3,478Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,395Surplus
  • $583Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40Income earned, not collected on loans
  • $0Earning assets
  • $231Long-term assets (5+ years)
  • $39,331Average Assets, year-to-date
  • $3,737Average Assets, quarterly
  • $40,870Volatile liabilities
  • $41,801Insider loans
  • $18,445FHLB advances
  • $41,869Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,307Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $984Restructured Loans and leases
  • $44Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,248Total interest income
  • $118Total interest expense
  • $1,130Net interest income
  • $0Provision for loan and lease losses
  • $197Total noninterest income
  • $0Fiduciary activities
  • $172Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25Additional noninterest income
  • $878Total noninterest expense
  • $551Salaries and employee benefits
  • $110Premises and equipment expense
  • $217Additional noninterest expense
  • $449Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $449Income before extraordinary items
  • $0Extraordinary gains - net
  • $449Net income attributable to bank
  • $0Net charge-offs
  • $449Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $335Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.20%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 2.90%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 13.16%Return on equity (ROE)
  • 3.34%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 44.90%Efficiency ratio
  • 66,164Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.61%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 382.50%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 32.48%Net loans and leases to core deposits
  • 32.83%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 17.93%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $40,870Average earning assets
  • $3,411Average equity
  • $38,953Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02665First American Bank120 West Broadway, Erick, OK 73645December 12, 1902Full Service Brick and Mortar

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