Prime Bank in Edmond, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Prime Bank - Overview

  • General
  • FDIC Certificate #: 58804
    Status: Active
    Federal Reserve ID: 3660478
    Bank Holding Company (Regulatory Top Holder): Prime Bank Group, Inc. (RSSDID: 3697148, Location: Edmond, OK)
    Date Established: April 07, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 468814
    Numeric code: 13
    Regulator: FED
    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: April 07, 2008
    Last Structure Change Effective Date: May 17, 2010
    Last Structure Change Process Date: June 18, 2010
    Last Data Update: June 18, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1016 West Covell Rd, Edmond, OK 73003
    County: Oklahoma
    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
    Metropolitan Statistical Area (MSA): Oklahoma City, OK (#5880)
    Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416)
    Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420)
    CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $144.5 mil
    Equity capital: $14.2 mil
    Deposits held in domestic offices: $130.1 mil
    Return on assets (ROA): 2.59% ($3.7 mil)
    Quarterly return on assets: 2.85% ($4.1 mil)
    Return on Equity (ROE): 27.12% ($3.8 mil)
    Quarterly return on equity: 27.29% ($3.8 mil)
    Net income: $3.1 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.59% ($3,742.3 mil)
    Quarterly Pretax return on assets: 2.85% ($4,118.0 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)
  • $144,490Total assets
  • $5,191Cash and due from depository institutions
  • $3,518Interest-bearing balances
  • $1,071Securities
  • $446Federal funds sold & reverse repurchase agreements
  • $133,031Net loans & leases
  • $1,507Loan loss allowance
  • $0Trading account assets
  • $3,050Bank premises and fixed assets
  • $216Other real estate owned
  • $0Goodwill and other intangibles
  • $144,490Life insurance assets
  • $1,485All other assets
  • $130,295Total liabilities and capital
  • $130,103Total liabilities
  • $118,038Total deposits
  • $130,103Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $192Subordinated debt
  • $14,195All other liabilities
  • $14,195Total equity capital
  • $14,195Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $12,008Surplus
  • $2,127Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,644Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $449Long-term assets (5+ years)
  • $138,066Average Assets, year-to-date
  • $5,630Average Assets, quarterly
  • $118,131Volatile liabilities
  • $136,658Insider loans
  • $125,781FHLB advances
  • $139,659Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,195Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,854Restructured Loans and leases
  • $1,283Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,955Total interest income
  • $1,310Total interest expense
  • $5,645Net interest income
  • $575Provision for loan and lease losses
  • $919Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $820Additional noninterest income
  • $2,927Total noninterest expense
  • $1,957Salaries and employee benefits
  • $289Premises and equipment expense
  • $681Additional noninterest expense
  • $3,062Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $3,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,062Net income attributable to bank
  • $0Net charge-offs
  • $3,062Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $2,307Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.18%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 5.02%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 2.59%Return on assets (ROA)
  • 2.59%Pretax return on assets
  • 27.12%Return on equity (ROE)
  • 6.69%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 14375.00%Credit loss provision to net charge-offs
  • 909.25%Efficiency ratio
  • 44,592Assets per employee
  • 6.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.34%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 102.25%Net loans and leases to core deposits
  • 126.11%Equity capital to assets
  • 9.82%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 11.29%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $118,131Average earning assets
  • $11,292Average equity
  • $112,483Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0468814Prime Bank1016 West Covell Rd, Edmond, OK 73003April 07, 2008Full Service Brick and Mortar

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