First State Bank in Grandfield, Oklahoma (OK)



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First State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)10
Total assets$35,789
Cash and due from depository institutions$501
Interest-bearing balances$0
Securities$16,850
Federal funds sold & reverse repurchase agreements$935
Net loans & leases$16,162
Loan loss allowance $276
Trading account assets$0
Bank premises and fixed assets$269
Other real estate owned$0
Goodwill and other intangibles$50
All other assets$1,022
Life insurance assets$35,789
Total liabilities and capital$32,843
Total liabilities$32,545
Total deposits$26,884
Interest-bearing deposits$32,545
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $298
All other liabilities $2,946
Total equity capital$2,946
Total bank equity capital$2,946
Perpetual preferred stock$0
Common stock$100
Surplus$400
Undivided profits $2,446
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $149
Earning assets $32
Long-term assets (5+ years) $363
Average Assets, year-to-date $33,947
Average Assets, quarterly $18,903
Volatile liabilities $34,022
Insider loans $35,479
FHLB advances $18,189
Loans and leases held for sale $35,736
Unused loan commitments $540
Tier 1 (core) risk-based capital $540
Tier 2 risk-based capital $2,402
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,516
Derivatives$205
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,488
Total interest expense $361
Net interest income $1,127
Provision for loan and lease losses $10
Total noninterest income $144
Fiduciary activities $0
Service charges on deposit accounts $102
Trading account gains & fees $0
Additional noninterest income $42
Total noninterest expense $982
Salaries and employee benefits $533
Premises and equipment expense $128
Additional noninterest expense $321
Pre-tax net operating income $279
Securities gains (losses) $79
Applicable income taxes $0
Income before extraordinary items $358
Extraordinary gains - net $0
Net income attributable to bank $358
Net charge-offs $0
Cash dividends $358
Sale, conversion, retirement of capital stock, net $10
Net operating income $210
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.12%
Net interest margin 3.51%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.06%
Net operating income to assets 0.82%
Return on assets (ROA) 1.05%
Pretax return on assets 1.05%
Return on equity (ROE) 12.64%
Retained earnings to average equity (YTD only) 5.23%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio28.90%
Assets per employee$77,262
Cash dividends to net income (YTD only)3.58%
Condition Ratios (%)
Loss allowance to loans 58.66%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 185.23%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.91%
Net loans and leases to core deposits 49.66%
Equity capital to assets 50.14%
Core capital (leverage) ratio 8.23%
Tier 1 risk-based capital ratio 6.72%
Total risk-based capital ratio 13.21%
Memoranda
Average assets$14
Average earning assets$34,022
Average equity $2,832
Average loans $32,091
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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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