First National Bank, Sallisaw in Sallisaw, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank, Sallisaw - Overview

  • General
  • FDIC Certificate #: 19288
    Status: Active
    Federal Reserve ID: 427353
    Bank Holding Company (Regulatory Top Holder): First Muskogee Financial Corp. (RSSDID: 3017915, Location: Muskogee, OK)
    Date Established: November 19, 1964
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 52465
    FDIC's unique #: 13101
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 19, 1964
    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: 1720 East Cherokee Street, Sallisaw, OK 74955
    County: Sequoyah
    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): Fort Smith, AR-OK (#2720)
    Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900)
    CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $223.6 mil
    Equity capital: $32.7 mil
    Deposits held in domestic offices: $173.9 mil
    Return on assets (ROA): 2.13% ($4.8 mil)
    Quarterly return on assets: 2.11% ($4.7 mil)
    Return on Equity (ROE): 14.17% ($4.7 mil)
    Quarterly return on equity: 14.19% ($4.7 mil)
    Net income: $4.6 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 2.13% ($4,761.7 mil)
    Quarterly Pretax return on assets: 2.11% ($4,717.0 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, 2011)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $223,553Total assets
  • $19,515Cash and due from depository institutions
  • $13,772Interest-bearing balances
  • $26,475Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $147,010Net loans & leases
  • $1,974Loan loss allowance
  • $0Trading account assets
  • $6,535Bank premises and fixed assets
  • $137Other real estate owned
  • $15,454Goodwill and other intangibles
  • $223,553Life insurance assets
  • $8,427All other assets
  • $190,820Total liabilities and capital
  • $173,935Total liabilities
  • $144,664Total deposits
  • $173,935Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 1332.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,096Trading liabilities
  • $0Other borrowed funds
  • $1,457Subordinated debt
  • $32,733All other liabilities
  • $32,733Total equity capital
  • $32,733Total bank equity capital
  • $0Perpetual preferred stock
  • $482Common stock
  • $29,599Surplus
  • $2,652Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,213Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,109Income earned, not collected on loans
  • $0Earning assets
  • $778Long-term assets (5+ years)
  • $187,257Average Assets, year-to-date
  • $39,944Average Assets, quarterly
  • $217,455Volatile liabilities
  • $219,911Insider loans
  • $150,873FHLB advances
  • $206,887Loans and leases held for sale
  • $4,599Unused loan commitments
  • $4,599Tier 1 (core) risk-based capital
  • $16,651Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,609Restructured Loans and leases
  • $1,319Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,837Total interest income
  • $1,536Total interest expense
  • $8,301Net interest income
  • $488Provision for loan and lease losses
  • $2,610Total noninterest income
  • $0Fiduciary activities
  • $1,371Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,239Additional noninterest income
  • $6,014Total noninterest expense
  • $2,542Salaries and employee benefits
  • $877Premises and equipment expense
  • $2,595Additional noninterest expense
  • $4,409Pre-tax net operating income
  • $214Securities gains (losses)
  • $0Applicable income taxes
  • $4,623Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,623Net income attributable to bank
  • $0Net charge-offs
  • $4,623Cash dividends
  • $278Sale, conversion, retirement of capital stock, net
  • $3,750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.58%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 2.03%Net operating income to assets
  • 2.13%Return on assets (ROA)
  • 2.13%Pretax return on assets
  • 14.17%Return on equity (ROE)
  • 2.68%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 175.54%Credit loss provision to net charge-offs
  • 17.62%Efficiency ratio
  • 53,185Assets per employee
  • 4.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.12%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 178.00%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 84.52%Net loans and leases to core deposits
  • 95.70%Equity capital to assets
  • 14.64%Core capital (leverage) ratio
  • 8.05%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $217,455Average earning assets
  • $32,626Average equity
  • $181,383Average loans

List of branches

  • 4 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013101First National Bank, Sallisaw1720 East Cherokee Street, Sallisaw, OK 74955November 19, 1964Full Service Brick and Mortar
    2247809West Branch209 Kerr Boulevard, Sallisaw, OK 74955November 24, 1997Full Service Brick and Mortar
    316234First National - Roland Branch103 East Ray Fine Boulevard, Roland, OK 74954August 13, 1980Full Service Brick and Mortar
    5492940East Office Branch313 E Ray Fine Blvd, Roland, OK 74954June 04, 2008Full Service Brick and Mortar

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