The First Bank of Okarche in Okarche, Oklahoma (OK)

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The First Bank of Okarche
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)8
Total assets$63,672
Cash and due from depository institutions$7,685
Interest-bearing balances$7,089
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$34,274
Loan loss allowance $589
Trading account assets$0
Bank premises and fixed assets$182
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$831
Life insurance assets$63,672
Total liabilities and capital$55,193
Total liabilities$55,145
Total deposits$42,608
Interest-bearing deposits$55,145
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $48
All other liabilities $8,479
Total equity capital$8,479
Total bank equity capital$8,479
Perpetual preferred stock$0
Common stock$300
Undivided profits $7,779
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $880
Earning assets $0
Long-term assets (5+ years) $669
Average Assets, year-to-date $62,063
Average Assets, quarterly $13,333
Volatile liabilities $62,082
Insider loans $63,795
FHLB advances $41,588
Loans and leases held for sale $63,590
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,479
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,224
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,429
Total interest expense $268
Net interest income $2,161
Provision for loan and lease losses $83
Total noninterest income $197
Fiduciary activities $0
Service charges on deposit accounts $110
Trading account gains & fees $0
Additional noninterest income $87
Total noninterest expense $1,102
Salaries and employee benefits $688
Premises and equipment expense $61
Additional noninterest expense $353
Pre-tax net operating income $1,173
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,173
Extraordinary gains - net $0
Net income attributable to bank $1,173
Net charge-offs $0
Cash dividends $1,173
Sale, conversion, retirement of capital stock, net $76
Net operating income $945
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.04%
Cost of funding earning assets 0.45%
Net interest margin 3.60%
Noninterest income to earning assets 0.33%
Noninterest expense to earning assets 1.83%
Net operating income to assets 1.89%
Return on assets (ROA) 1.89%
Pretax return on assets 1.89%
Return on equity (ROE) 13.76%
Retained earnings to average equity (YTD only) 2.67%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 109.21%
Efficiency ratio16.53%
Assets per employee$46,735
Cash dividends to net income (YTD only)7.96%
Condition Ratios (%)
Loss allowance to loans 80.56%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 66.93%
Noncurrent loans to loans 1.38%
Net loans and leases to deposits2.52%
Net loans and leases to core deposits 62.15%
Equity capital to assets 64.49%
Core capital (leverage) ratio 13.32%
Tier 1 risk-based capital ratio 13.33%
Total risk-based capital ratio 20.39%
Average assets$22
Average earning assets$62,082
Average equity $8,523
Average loans $60,087
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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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