First State Bank in Grandfield, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

  • General
  • FDIC Certificate #: 9467
    Status: Active
    Federal Reserve ID: 129358
    Bank Holding Company (Regulatory Top Holder): First Of Grandfield Corporation (RSSDID: 1056723, Location: Grandfield, OK)
    Date Established: June 01, 1930
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6084
    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: 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: 120 East First Street, Grandfield, OK 73546
    County: Tillman
    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: $35.8 mil
    Equity capital: $2.9 mil
    Deposits held in domestic offices: $32.5 mil
    Return on assets (ROA): 1.05% ($0.4 mil)
    Quarterly return on assets: 0.32% ($0.1 mil)
    Return on Equity (ROE): 12.64% ($0.4 mil)
    Quarterly return on equity: 3.66% ($0.1 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.05% ($375.8 mil)
    Quarterly Pretax return on assets: 0.32% ($114.5 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
  • 10Total employees (full-time equivalent)
  • $35,789Total assets
  • $501Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,850Securities
  • $935Federal funds sold & reverse repurchase agreements
  • $16,162Net loans & leases
  • $276Loan loss allowance
  • $0Trading account assets
  • $269Bank premises and fixed assets
  • $0Other real estate owned
  • $50Goodwill and other intangibles
  • $35,789Life insurance assets
  • $1,022All other assets
  • $32,843Total liabilities and capital
  • $32,545Total liabilities
  • $26,884Total deposits
  • $32,545Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $298Subordinated debt
  • $2,946All other liabilities
  • $2,946Total equity capital
  • $2,946Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $400Surplus
  • $2,446Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $149Income earned, not collected on loans
  • $32Earning assets
  • $363Long-term assets (5+ years)
  • $33,947Average Assets, year-to-date
  • $18,903Average Assets, quarterly
  • $34,022Volatile liabilities
  • $35,479Insider loans
  • $18,189FHLB advances
  • $35,736Loans and leases held for sale
  • $540Unused loan commitments
  • $540Tier 1 (core) risk-based capital
  • $2,402Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,516Restructured Loans and leases
  • $205Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,488Total interest income
  • $361Total interest expense
  • $1,127Net interest income
  • $10Provision for loan and lease losses
  • $144Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $982Total noninterest expense
  • $533Salaries and employee benefits
  • $128Premises and equipment expense
  • $321Additional noninterest expense
  • $279Pre-tax net operating income
  • $79Securities gains (losses)
  • $0Applicable income taxes
  • $358Income before extraordinary items
  • $0Extraordinary gains - net
  • $358Net income attributable to bank
  • $0Net charge-offs
  • $358Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $210Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 12.64%Return on equity (ROE)
  • 5.23%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 28.90%Efficiency ratio
  • 77,262Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.66%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 185.23%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 49.66%Net loans and leases to core deposits
  • 50.14%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 6.72%Tier 1 risk-based capital ratio
  • 13.21%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $34,022Average earning assets
  • $2,832Average equity
  • $32,091Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06084First State Bank120 East First Street, Grandfield, OK 73546June 01, 1930Full Service Brick and Mortar
    117416Davidson Branch102 South Main Street, Davidson, OK 73530May 30, 1984Full Service Brick and Mortar

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