First United Bank and Trust Company in Durant, Oklahoma (OK), TX



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First United Bank and Trust Company
GeneralFDIC Certificate #: 4239
Status: Active
Federal Reserve ID: 509950
Bank Holding Company (Regulatory Top Holder): Durant Bancorp, Inc. (RSSDID: 1058398, Location: Durant, OK)
Date Established: January 01, 1900
WWW: http://www.firstunitedbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 31 (Domestic: 31, Interstate: Yes)
OTS Docket #: 12231
FDIC's unique #: 2782
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1400 West Main Street, Durant, OK 74701
County: Bryan
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
Core Based Statistical Area (CBSA): Durant, OK (#20460)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $2,060.2 mil
Equity capital: $203.4 mil
Deposits held in domestic offices: $1,702.6 mil
Return on assets (ROA): 0.97% ($20.0 mil)
Quarterly return on assets: 1.49% ($30.7 mil)
Return on Equity (ROE): 10.11% ($20.5 mil)
Quarterly return on equity: 15.07% ($30.6 mil)
Net income: $20.0 mil
Quarterly Net income: $7.6 mil
Pretax return on assets: 0.97% ($19,983.5 mil)
Quarterly Pretax return on assets: 1.49% ($30,696.3 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)626
Total assets$2,060,155
Cash and due from depository institutions$49,471
Interest-bearing balances$18,834
Securities$506,105
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,309,477
Loan loss allowance $20,423
Trading account assets$0
Bank premises and fixed assets$52,200
Other real estate owned$37,448
Goodwill and other intangibles$29,221
All other assets$76,233
Life insurance assets$2,060,155
Total liabilities and capital$1,856,772
Total liabilities$1,702,626
Total deposits$1,397,339
Interest-bearing deposits$1,702,626
Deposits held in domestic offices$73
% insured (estimated)79088.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$62,856
Other borrowed funds $0
Subordinated debt $12,202
All other liabilities $203,383
Total equity capital$203,383
Total bank equity capital$203,383
Perpetual preferred stock$0
Common stock$1,868
Surplus$80,216
Undivided profits $121,299
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $43,282
Income earned, not collected on loans $26,891
Earning assets $553
Long-term assets (5+ years) $7,364
Average Assets, year-to-date $1,834,416
Average Assets, quarterly $597,001
Volatile liabilities $2,069,543
Insider loans $2,044,922
FHLB advances $1,405,706
Loans and leases held for sale $2,005,899
Unused loan commitments $45,494
Tier 1 (core) risk-based capital $45,494
Tier 2 risk-based capital $176,222
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $103,013
Derivatives$568
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $92,314
Total interest expense $14,012
Net interest income $78,302
Provision for loan and lease losses $8,850
Total noninterest income $31,039
Fiduciary activities $367
Service charges on deposit accounts $7,595
Trading account gains & fees $0
Additional noninterest income $23,077
Total noninterest expense $80,738
Salaries and employee benefits $42,885
Premises and equipment expense $10,979
Additional noninterest expense $26,874
Pre-tax net operating income $19,753
Securities gains (losses) $279
Applicable income taxes $0
Income before extraordinary items $20,032
Extraordinary gains - net $0
Net income attributable to bank $20,032
Net charge-offs $0
Cash dividends $20,032
Sale, conversion, retirement of capital stock, net $11,178
Net operating income $10,968
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.04%
Cost of funding earning assets 0.76%
Net interest margin 4.27%
Noninterest income to earning assets 1.69%
Noninterest expense to earning assets 4.41%
Net operating income to assets 0.95%
Return on assets (ROA) 0.97%
Pretax return on assets 0.97%
Return on equity (ROE) 10.11%
Retained earnings to average equity (YTD only) 4.58%
Net charge-offs to loans 0.80%
Credit loss provision to net charge-offs 79.17%
Efficiency ratio2.56%
Assets per employee$72,506
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 54.75%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 75.95%
Noncurrent loans to loans 3.12%
Net loans and leases to deposits2.02%
Net loans and leases to core deposits 76.91%
Equity capital to assets 89.26%
Core capital (leverage) ratio 9.87%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 12.54%
Memoranda
Average assets$14
Average earning assets$2,069,543
Average equity $198,064
Average loans $1,832,470
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$47,351
Number of Accounts1
Personal trust and agency accounts$24,307
Employee benefit-defined contribution accounts$21,923
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$1,270
Investment management agency accounts$0
Other fiduciary accounts$1,114
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts226
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$1,270
Employee benefit-defined benefit accounts$0
Other retirement accounts$23,044
Corporate trust and agency accounts$7,996
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,035
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24 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02782First United Bank And Trust Company1400 West Main Street, Durant, OK 74701January 01, 1900Full Service Brick and Mortar
2202420Calera Branch601 Highway 69-75, Calera, OK 74730January 21, 1985Full Service Brick and Mortar
32781Colbert BranchBurney And Moore Streets, Colbert, OK 74733November 01, 1905Full Service Brick and Mortar
4280752Madill Branch300 West Lillie, Madill, OK 73446June 30, 1988Full Service Brick and Mortar
6280757Hugo Branch801 East Jackson, Hugo, OK 74743June 30, 1988Full Service Brick and Mortar
72687Holdenville Branch102 East Main Street, Holdenville, OK 74848January 01, 1900Full Service Brick and Mortar
841962Seminole Branch229 North Second Street, Seminole, OK 74868August 01, 1934Full Service Brick and Mortar
917570Tecumseh Branch301 North Broadway, Tecumseh, OK 74873October 05, 1984Full Service Brick and Mortar
102730Pauls Valley Branch315 West Grant Avenue, Pauls Valley, OK 73075October 01, 1893Full Service Brick and Mortar
12314Bokchito Branch101 West Main Street, Bokchito, OK 74726January 01, 1911Full Service Brick and Mortar
1312964Shawnee Branch912 East Independence, Shawnee, OK 74801June 04, 1964Full Service Brick and Mortar
15208600Ada Branch201 West 12th Street, Ada, OK 74820Febuary 01, 1960Full Service Brick and Mortar
16357177Kickapoo Branch4439 North Kickapoo, Shawnee, OK 74801May 17, 1999Full Service Brick and Mortar
1746922Wewoka Branch223 South Mekusukey Avenue, Wewoka, OK 74884March 08, 1991Full Service Brick and Mortar
1811480Sapulpa Main Bank315 East Dewey, Sapulpa, OK 74066October 04, 1955Full Service Brick and Mortar
20241871Sapulpa Branch815 South Main, Sapulpa, OK 74066September 08, 1986Full Service Brick and Mortar
22362025University Branch2025 West University, Durant, OK 74701September 20, 2001Full Service Brick and Mortar
29445508North First Street Branch1410 North First Street, Durant, OK 74701October 17, 2005Full Service Brick and Mortar
3013002Southwestern Bank Branch6000 Southwestern Avenue, Oklahoma City, OK 73139July 20, 1964Full Service Brick and Mortar
32357840Pennsylvania Branch9921 Pennsylvania Avenue, Oklahoma City, OK 73159March 06, 2000Full Service Brick and Mortar
34466058Walmart Branch3712 W. Main, Durant, OK 74701November 06, 2006Full Service Brick and Mortar
35466059Ada Arlington Branch1221 Arlington, Ada, OK 74820Febuary 23, 2007Full Service Brick and Mortar
37491125Stockyards Branch1600 South Agnew Ave, Oklahoma City, OK 73108October 06, 2008Full Service Brick and Mortar
38493096Pauls Valley Meridian Branch2000 West Grant, Pauls Valley, OK 73075March 28, 2009Full Service Brick and Mortar
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7 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
23429649Mckinney Branch1700 Redbud Blvd., Suite 130, Mc Kinney, TX 75069September 04, 2003Full Service Brick and Mortar
2410803Krum Branch960 West Mccart, Krum, TX 76249January 01, 1909Full Service Brick and Mortar
25238554Denton-North Branch2730 West University Drive, Denton, TX 76201May 12, 1997Full Service Brick and Mortar
26361738Sanger Branch1405 West Chapman, Sanger, TX 76266August 27, 2001Full Service Brick and Mortar
27424311Denton-South Branch1517 Centre Place Drive, Denton, TX 76205January 12, 2004Full Service Brick and Mortar
28432581Denton-Downtown Branch321 W. Hickory Street, Denton, TX 76201September 13, 2004Full Service Brick and Mortar
33462069Custer Road Branch6401 Custer Road, Mckinney, TX 75071March 26, 2007Full Service Brick and Mortar
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