FDIC Certificate #: 4161 Status: Active Federal Reserve ID: 310950 Bank Holding Company (Regulatory Top Holder): Grace Investment Company, Inc. Esop, The (RSSDID: 3822687, Location: Alva, OK) Date Established: October 27, 1916 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: 1 (Domestic: 1, Interstate: No) OTS Docket #: 9550 FDIC's unique #: 2721 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 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: 124 North Main, Okeene, OK 73763 County: Blaine 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: $61.2 mil Equity capital: $19.4 mil Deposits held in domestic offices: $40.5 mil Return on assets (ROA): 2.30% ($1.4 mil) Quarterly return on assets: 2.02% ($1.2 mil) Return on Equity (ROE): 7.38% ($1.4 mil) Quarterly return on equity: 6.36% ($1.2 mil) Net income: $1.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 2.30% ($1,406.7 mil) Quarterly Pretax return on assets: 2.02% ($1,235.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$61,162Total assets
$1,526Cash and due from depository institutions
$0Interest-bearing balances
$33,096Securities
$0Federal funds sold & reverse repurchase agreements
$25,026Net loans & leases
$677Loan loss allowance
$0Trading account assets
$7Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$61,162Life insurance assets
$1,507All other assets
$41,775Total liabilities and capital
$40,503Total liabilities
$36,888Total deposits
$40,503Interest-bearing deposits
$72Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,235Trading liabilities
$0Other borrowed funds
$37Subordinated debt
$19,387All other liabilities
$19,387Total equity capital
$19,387Total bank equity capital
$0Perpetual preferred stock
$101Common stock
$3,375Surplus
$15,911Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8Income earned, not collected on loans
$0Earning assets
$471Long-term assets (5+ years)
$58,122Average Assets, year-to-date
$31,942Average Assets, quarterly
$59,637Volatile liabilities
$60,697Insider loans
$30,005FHLB advances
$60,157Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,277Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,058Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,838Total interest income
$438Total interest expense
$2,400Net interest income
$0Provision for loan and lease losses
$63Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$1,123Total noninterest expense
$751Salaries and employee benefits
$164Premises and equipment expense
$208Additional noninterest expense
$1,340Pre-tax net operating income
$30Securities gains (losses)
$0Applicable income taxes
$1,370Income before extraordinary items
$0Extraordinary gains - net
$1,370Net income attributable to bank
$0Net charge-offs
$1,370Cash dividends
-$18Sale, conversion, retirement of capital stock, net
$375Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.02%Yield on earning assets
0.77%Cost of funding earning assets
4.24%Net interest margin
0.11%Noninterest income to earning assets
1.99%Noninterest expense to earning assets
2.25%Net operating income to assets
2.30%Return on assets (ROA)
2.30%Pretax return on assets
7.38%Return on equity (ROE)
5.36%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
45,595Assets per employee
5.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.37%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
8462.50%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.03%Net loans and leases to deposits
61.79%Net loans and leases to core deposits
66.59%Equity capital to assets
31.70%Core capital (leverage) ratio
30.38%Tier 1 risk-based capital ratio
60.91%Total risk-based capital ratio
Memoranda
$62Average assets
$59,637Average earning assets
$18,572Average equity
$56,544Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2721
First National Bank In Okeene
124 North Main, Okeene, OK 73763
October 27, 1916
Full Service Brick and Mortar
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