First Bank of Owasso in Owasso, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of Owasso - Overview

  • General
  • FDIC Certificate #: 18592
    Status: Active
    Federal Reserve ID: 637554
    Date Established: September 08, 1962
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 12478
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 08, 1962
    Last Structure Change Effective Date: November 13, 2009
    Last Structure Change Process Date: November 23, 2009
    Last Data Update: November 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 8601 North Garnett Road, Owasso, OK 74055
    County: Tulsa
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
    Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
    Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
    CBSA Metro Statistical Area: Tulsa, OK (#46140)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $204.4 mil
    Equity capital: $23.6 mil
    Deposits held in domestic offices: $180.5 mil
    Return on assets (ROA): 1.35% ($2.8 mil)
    Quarterly return on assets: 0.74% ($1.5 mil)
    Return on Equity (ROE): 12.53% ($3.0 mil)
    Quarterly return on equity: 6.44% ($1.5 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.35% ($2,759.9 mil)
    Quarterly Pretax return on assets: 0.74% ($1,512.8 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
  • 59Total employees (full-time equivalent)
  • $204,438Total assets
  • $5,606Cash and due from depository institutions
  • $8Interest-bearing balances
  • $5,485Securities
  • $258Federal funds sold & reverse repurchase agreements
  • $172,436Net loans & leases
  • $2,110Loan loss allowance
  • $0Trading account assets
  • $16,706Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $204,438Life insurance assets
  • $3,947All other assets
  • $180,791Total liabilities and capital
  • $180,542Total liabilities
  • $128,503Total deposits
  • $180,542Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $249Subordinated debt
  • $23,647All other liabilities
  • $23,647Total equity capital
  • $23,647Total bank equity capital
  • $0Perpetual preferred stock
  • $1,097Common stock
  • $1,084Surplus
  • $21,466Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,120Income earned, not collected on loans
  • $0Earning assets
  • $576Long-term assets (5+ years)
  • $178,187Average Assets, year-to-date
  • $1,157Average Assets, quarterly
  • $211,167Volatile liabilities
  • $205,714Insider loans
  • $194,465FHLB advances
  • $205,607Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,567Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,114Restructured Loans and leases
  • $4,345Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,625Total interest income
  • $826Total interest expense
  • $8,799Net interest income
  • $1,180Provision for loan and lease losses
  • $1,768Total noninterest income
  • $0Fiduciary activities
  • $468Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,300Additional noninterest income
  • $6,527Total noninterest expense
  • $3,544Salaries and employee benefits
  • $1,085Premises and equipment expense
  • $1,898Additional noninterest expense
  • $2,860Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,860Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,860Net income attributable to bank
  • $0Net charge-offs
  • $2,860Cash dividends
  • $766Sale, conversion, retirement of capital stock, net
  • $1,119Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 0.45%Cost of funding earning assets
  • 4.75%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 12.53%Return on equity (ROE)
  • 7.63%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 154.05%Credit loss provision to net charge-offs
  • 5.27%Efficiency ratio
  • 61,768Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.13%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 188.39%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 95.51%Net loans and leases to core deposits
  • 97.55%Equity capital to assets
  • 11.57%Core capital (leverage) ratio
  • 11.46%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $211,167Average earning assets
  • $22,824Average equity
  • $185,147Average loans

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012478First Bank Of Owasso8601 North Garnett Road, Owasso, OK 74055September 08, 1962Full Service Brick and Mortar
    1245810Garnett Road Branch11550 North Garnett Road, Owasso, OK 74055August 05, 1985Full Service Brick and Mortar
    2245811East Side Branch12814 East 86th Street, Owasso, OK 74055April 08, 1997Full Service Brick and Mortar

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