The First Bank of Okarche in Okarche, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First Bank of Okarche - Overview

  • General
  • FDIC Certificate #: 1165
    Status: Active
    Federal Reserve ID: 918150
    Date Established: October 28, 1892
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 797
    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
  • Location
  • Address: 202 Oklahoma Avenue, Okarche, OK 73762
    County: Canadian
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $63.7 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $55.1 mil
    Return on assets (ROA): 1.89% ($1.2 mil)
    Quarterly return on assets: 1.69% ($1.1 mil)
    Return on Equity (ROE): 13.76% ($1.1 mil)
    Quarterly return on equity: 12.51% ($1.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.89% ($1,203.4 mil)
    Quarterly Pretax return on assets: 1.69% ($1,076.1 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
  • 8Total employees (full-time equivalent)
  • $63,672Total assets
  • $7,685Cash and due from depository institutions
  • $7,089Interest-bearing balances
  • $20,700Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $34,274Net loans & leases
  • $589Loan loss allowance
  • $0Trading account assets
  • $182Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $63,672Life insurance assets
  • $831All other assets
  • $55,193Total liabilities and capital
  • $55,145Total liabilities
  • $42,608Total deposits
  • $55,145Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $48Subordinated debt
  • $8,479All other liabilities
  • $8,479Total equity capital
  • $8,479Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $400Surplus
  • $7,779Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $880Income earned, not collected on loans
  • $0Earning assets
  • $669Long-term assets (5+ years)
  • $62,063Average Assets, year-to-date
  • $13,333Average Assets, quarterly
  • $62,082Volatile liabilities
  • $63,795Insider loans
  • $41,588FHLB advances
  • $63,590Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,479Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,224Restructured Loans and leases
  • $804Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,429Total interest income
  • $268Total interest expense
  • $2,161Net interest income
  • $83Provision for loan and lease losses
  • $197Total noninterest income
  • $0Fiduciary activities
  • $110Service charges on deposit accounts
  • $0Trading account gains & fees
  • $87Additional noninterest income
  • $1,102Total noninterest expense
  • $688Salaries and employee benefits
  • $61Premises and equipment expense
  • $353Additional noninterest expense
  • $1,173Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,173Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,173Net income attributable to bank
  • $0Net charge-offs
  • $1,173Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $945Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 0.45%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 1.83%Noninterest expense to earning assets
  • 1.89%Net operating income to assets
  • 1.89%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 13.76%Return on equity (ROE)
  • 2.67%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 109.21%Credit loss provision to net charge-offs
  • 16.53%Efficiency ratio
  • 46,735Assets per employee
  • 7.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.56%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 66.93%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 2.52%Net loans and leases to deposits
  • 62.15%Net loans and leases to core deposits
  • 64.49%Equity capital to assets
  • 13.32%Core capital (leverage) ratio
  • 13.33%Tier 1 risk-based capital ratio
  • 20.39%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $62,082Average earning assets
  • $8,523Average equity
  • $60,087Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0797The First Bank Of Okarche202 Oklahoma Avenue, Okarche, OK 73762October 28, 1892Full Service Brick and Mortar

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