Security First National Bank of Hugo in Hugo, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security First National Bank of Hugo in Hugo, Oklahoma (OK)
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Security First National Bank of Hugo - Overview

  • General
  • FDIC Certificate #: 432
    Status: Active
    Federal Reserve ID: 422657
    Bank Holding Company (Regulatory Top Holder): Sooner Southwest Bankshares, Inc. (RSSDID: 2411619, Location: Tulsa, OK)
    Date Established: January 07, 1930
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13967
    FDIC's unique #: 333
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    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: 100 South Broadway, Hugo, OK 74743
    County: Choctaw
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $101.6 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $86.4 mil
    Return on assets (ROA): 2.01% ($2.1 mil)
    Quarterly return on assets: 2.18% ($2.2 mil)
    Return on Equity (ROE): 25.52% ($2.0 mil)
    Quarterly return on equity: 26.54% ($2.1 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 3.15% ($3,201.1 mil)
    Quarterly Pretax return on assets: 3.48% ($3,536.4 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
  • 35Total employees (full-time equivalent)
  • $101,621Total assets
  • $12,121Cash and due from depository institutions
  • $6,027Interest-bearing balances
  • $10,247Securities
  • $1,850Federal funds sold & reverse repurchase agreements
  • $73,215Net loans & leases
  • $834Loan loss allowance
  • $0Trading account assets
  • $2,411Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $101,621Life insurance assets
  • $1,777All other assets
  • $93,891Total liabilities and capital
  • $86,384Total liabilities
  • $65,981Total deposits
  • $86,384Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $507Subordinated debt
  • $7,730All other liabilities
  • $7,730Total equity capital
  • $7,730Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $2,950Surplus
  • $4,330Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $449Income earned, not collected on loans
  • $0Earning assets
  • $795Long-term assets (5+ years)
  • $91,339Average Assets, year-to-date
  • $10,928Average Assets, quarterly
  • $104,787Volatile liabilities
  • $102,860Insider loans
  • $67,788FHLB advances
  • $102,124Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,715Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,016Restructured Loans and leases
  • $518Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,986Total interest income
  • $715Total interest expense
  • $5,271Net interest income
  • $168Provision for loan and lease losses
  • $1,309Total noninterest income
  • $0Fiduciary activities
  • $858Service charges on deposit accounts
  • $0Trading account gains & fees
  • $451Additional noninterest income
  • $3,114Total noninterest expense
  • $1,604Salaries and employee benefits
  • $388Premises and equipment expense
  • $1,122Additional noninterest expense
  • $3,298Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,190Applicable income taxes
  • $2,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,108Net income attributable to bank
  • $0Net charge-offs
  • $2,108Cash dividends
  • $61Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.36%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 5.60%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 2.01%Net operating income to assets
  • 2.01%Return on assets (ROA)
  • 3.15%Pretax return on assets
  • 25.52%Return on equity (ROE)
  • 1.31%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 275.41%Credit loss provision to net charge-offs
  • 56.82%Efficiency ratio
  • 47,325Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.88%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 185.75%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 84.76%Net loans and leases to core deposits
  • 110.39%Equity capital to assets
  • 7.61%Core capital (leverage) ratio
  • 7.55%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $104,787Average earning assets
  • $8,262Average equity
  • $94,139Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0333Security First National Bank Of Hugo100 South Broadway, Hugo, OK 74743January 07, 1930Full Service Brick and Mortar
    1451958Hugo Branch1907 East Jackson Street, Hugo, OK 74743April 19, 2006Full Service Brick and Mortar

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