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

First State Bank of Porter - Overview

  • General
  • FDIC Certificate #: 4180
    Status: Active
    Federal Reserve ID: 521251
    Bank Holding Company (Regulatory Top Holder): Porter Bancshares, Inc. (RSSDID: 2006453, Location: Porter, OK)
    Date Established: January 01, 1905
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10778
    FDIC's unique #: 2735
    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: January 01, 1934
    Last Structure Change Effective Date: Febuary 03, 2011
    Last Structure Change Process Date: Febuary 03, 2011
    Last Data Update: Febuary 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 541 S. Main, Porter, OK 74454
    County: Wagoner
    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: $34.4 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $28.4 mil
    Return on assets (ROA): 2.65% ($0.9 mil)
    Quarterly return on assets: 2.95% ($1.0 mil)
    Return on Equity (ROE): 17.66% ($1.1 mil)
    Quarterly return on equity: 18.78% ($1.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.65% ($910.3 mil)
    Quarterly Pretax return on assets: 2.95% ($1,013.4 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
  • 21Total employees (full-time equivalent)
  • $34,352Total assets
  • $3,341Cash and due from depository institutions
  • $1,825Interest-bearing balances
  • $16Securities
  • $1,220Federal funds sold & reverse repurchase agreements
  • $27,911Net loans & leases
  • $281Loan loss allowance
  • $0Trading account assets
  • $1,007Bank premises and fixed assets
  • $19Other real estate owned
  • $0Goodwill and other intangibles
  • $34,352Life insurance assets
  • $838All other assets
  • $28,794Total liabilities and capital
  • $28,372Total liabilities
  • $21,831Total deposits
  • $28,372Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $422Subordinated debt
  • $5,558All other liabilities
  • $5,558Total equity capital
  • $5,558Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,721Surplus
  • $3,737Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34Income earned, not collected on loans
  • $0Earning assets
  • $227Long-term assets (5+ years)
  • $30,972Average Assets, year-to-date
  • $529Average Assets, quarterly
  • $34,959Volatile liabilities
  • $34,634Insider loans
  • $28,064FHLB advances
  • $35,726Loans and leases held for sale
  • $449Unused loan commitments
  • $449Tier 1 (core) risk-based capital
  • $5,558Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,091Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,380Total interest income
  • $181Total interest expense
  • $2,199Net interest income
  • $53Provision for loan and lease losses
  • $360Total noninterest income
  • $0Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $134Additional noninterest income
  • $1,580Total noninterest expense
  • $907Salaries and employee benefits
  • $152Premises and equipment expense
  • $521Additional noninterest expense
  • $926Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $926Income before extraordinary items
  • $0Extraordinary gains - net
  • $926Net income attributable to bank
  • $0Net charge-offs
  • $926Cash dividends
  • $63Sale, conversion, retirement of capital stock, net
  • $435Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.63%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 7.05%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 5.06%Noninterest expense to earning assets
  • 2.65%Net operating income to assets
  • 2.65%Return on assets (ROA)
  • 2.65%Pretax return on assets
  • 17.66%Return on equity (ROE)
  • 9.36%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 84.13%Credit loss provision to net charge-offs
  • 15.54%Efficiency ratio
  • 61,743Assets per employee
  • 1.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.98%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 826.47%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 98.38%Net loans and leases to core deposits
  • 131.24%Equity capital to assets
  • 16.18%Core capital (leverage) ratio
  • 15.56%Tier 1 risk-based capital ratio
  • 19.80%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $34,959Average earning assets
  • $5,244Average equity
  • $31,201Average loans

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02735First State Bank Of Porter541 S. Main, Porter, OK 74454January 01, 1905Full Service Brick and Mortar
    1334351Locust Grove Branch724 East Main, Locust Grove, OK 74352April 10, 2000Full Service Brick and Mortar
    2430426Chouteau Branch51 East Main Street, Chouteau, OK 74337June 15, 2004Full Service Brick and Mortar

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