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



Show street view No street view available for this location

The First Bank of Okarche routing number info

Table of contents:
The First Bank of Okarche
GeneralFDIC Certificate #: 1165
Status: Active
Federal Reserve ID: 918150
Date Established: October 28, 1892
WWW: http://www.firstbankokarche.com
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
Securities$20,700
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
Surplus$400
Undivided profits $7,779
Memoranda
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
Derivatives$804
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$22
Average earning assets$62,082
Average equity $8,523
Average loans $60,087
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First Bank of Okarche.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.