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

The First Farmers National Bank of Waurika - Overview

  • General
  • FDIC Certificate #: 4222
    Status: Active
    Federal Reserve ID: 353957
    Date Established: March 26, 1906
    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: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12805
    FDIC's unique #: 2771
    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: 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: 106 North Main, Waurika, OK 73573
    County: Jefferson
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $45.0 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $35.7 mil
    Return on assets (ROA): 2.03% ($0.9 mil)
    Quarterly return on assets: 0.96% ($0.4 mil)
    Return on Equity (ROE): 10.44% ($0.9 mil)
    Quarterly return on equity: 4.72% ($0.4 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.03% ($912.9 mil)
    Quarterly Pretax return on assets: 0.96% ($431.7 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
  • 13Total employees (full-time equivalent)
  • $44,968Total assets
  • $1,532Cash and due from depository institutions
  • $99Interest-bearing balances
  • $24,484Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,111Net loans & leases
  • $1,061Loan loss allowance
  • $0Trading account assets
  • $15Bank premises and fixed assets
  • $40Other real estate owned
  • $0Goodwill and other intangibles
  • $44,968Life insurance assets
  • $786All other assets
  • $36,252Total liabilities and capital
  • $35,716Total liabilities
  • $30,473Total deposits
  • $35,716Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $36Subordinated debt
  • $8,716All other liabilities
  • $8,716Total equity capital
  • $8,716Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $150Surplus
  • $8,541Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27Income earned, not collected on loans
  • $0Earning assets
  • $397Long-term assets (5+ years)
  • $42,694Average Assets, year-to-date
  • $14,026Average Assets, quarterly
  • $43,563Volatile liabilities
  • $44,100Insider loans
  • $18,109FHLB advances
  • $43,681Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,041Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,054Restructured Loans and leases
  • $512Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,402Total interest income
  • $258Total interest expense
  • $2,144Net interest income
  • $6Provision for loan and lease losses
  • $118Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54Additional noninterest income
  • $1,381Total noninterest expense
  • $800Salaries and employee benefits
  • $100Premises and equipment expense
  • $481Additional noninterest expense
  • $875Pre-tax net operating income
  • $8Securities gains (losses)
  • $0Applicable income taxes
  • $883Income before extraordinary items
  • $0Extraordinary gains - net
  • $883Net income attributable to bank
  • $0Net charge-offs
  • $883Cash dividends
  • -$54Sale, conversion, retirement of capital stock, net
  • $774Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 5.11%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 2.01%Net operating income to assets
  • 2.03%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 10.44%Return on equity (ROE)
  • 1.29%Retained earnings to average equity (YTD only)
  • -0.30%Net charge-offs to loans
  • -11.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,052Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.66%Loss allowance to loans
  • 5.53%Loss allowance to noncurrent loans
  • 3929.63%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 50.71%Net loans and leases to core deposits
  • 57.77%Equity capital to assets
  • 19.38%Core capital (leverage) ratio
  • 18.41%Tier 1 risk-based capital ratio
  • 44.40%Total risk-based capital ratio
  • Memoranda
  • $46Average assets
  • $43,563Average earning assets
  • $8,457Average equity
  • $41,945Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02771The First Farmers National Bank Of W106 North Main, Waurika, OK 73573March 26, 1906Full Service Brick and Mortar

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