The First Farmers National Bank of Waurika in Waurika, Oklahoma (OK)
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The First Farmers National Bank of Waurika routing number info
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| The First Farmers National Bank of Waurika | |
|---|---|
| General | FDIC Certificate #: 4222 Status: Active Federal Reserve ID: 353957 Date Established: March 26, 1906 WWW: http://www.ffnbank.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $44,968 |
| Cash and due from depository institutions | $1,532 |
| Interest-bearing balances | $99 |
| Securities | $24,484 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $18,111 |
| Loan loss allowance | $1,061 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15 |
| Other real estate owned | $40 |
| Goodwill and other intangibles | $0 |
| All other assets | $786 |
| Life insurance assets | $44,968 |
| Total liabilities and capital | $36,252 |
| Total liabilities | $35,716 |
| Total deposits | $30,473 |
| Interest-bearing deposits | $35,716 |
| Deposits held in domestic offices | $80 |
| % insured (estimated) | 500.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $36 |
| All other liabilities | $8,716 |
| Total equity capital | $8,716 |
| Total bank equity capital | $8,716 |
| Perpetual preferred stock | $0 |
| Common stock | $25 |
| Surplus | $150 |
| Undivided profits | $8,541 |
| 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 | $27 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $397 |
| Average Assets, year-to-date | $42,694 |
| Average Assets, quarterly | $14,026 |
| Volatile liabilities | $43,563 |
| Insider loans | $44,100 |
| FHLB advances | $18,109 |
| Loans and leases held for sale | $43,681 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,041 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,054 |
| Derivatives | $512 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,402 |
| Total interest expense | $258 |
| Net interest income | $2,144 |
| Provision for loan and lease losses | $6 |
| Total noninterest income | $118 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $64 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $54 |
| Total noninterest expense | $1,381 |
| Salaries and employee benefits | $800 |
| Premises and equipment expense | $100 |
| Additional noninterest expense | $481 |
| Pre-tax net operating income | $875 |
| Securities gains (losses) | $8 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $883 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $883 |
| Net charge-offs | $0 |
| Cash dividends | $883 |
| Sale, conversion, retirement of capital stock, net | -$54 |
| Net operating income | $774 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.73% |
| Cost of funding earning assets | 0.62% |
| Net interest margin | 5.11% |
| Noninterest income to earning assets | 0.28% |
| Noninterest expense to earning assets | 3.29% |
| Net operating income to assets | 2.01% |
| Return on assets (ROA) | 2.03% |
| Pretax return on assets | 2.03% |
| Return on equity (ROE) | 10.44% |
| Retained earnings to average equity (YTD only) | 1.29% |
| Net charge-offs to loans | -0.30% |
| Credit loss provision to net charge-offs | -11.11% |
| Efficiency ratio | 0.00% |
| Assets per employee | $61,052 |
| Cash dividends to net income (YTD only) | 3.46% |
| Condition Ratios (%) | |
| Loss allowance to loans | 87.66% |
| Loss allowance to noncurrent loans | 5.53% |
| Noncurrent assets plus other real estate owned to assets | 3929.63% |
| Noncurrent loans to loans | 0.15% |
| Net loans and leases to deposits | 0.14% |
| Net loans and leases to core deposits | 50.71% |
| Equity capital to assets | 57.77% |
| Core capital (leverage) ratio | 19.38% |
| Tier 1 risk-based capital ratio | 18.41% |
| Total risk-based capital ratio | 44.40% |
| Memoranda | |
| Average assets | $46 |
| Average earning assets | $43,563 |
| Average equity | $8,457 |
| Average loans | $41,945 |
| 1 Oklahoma Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2771 | The First Farmers National Bank Of W | 106 North Main, Waurika, OK 73573 | March 26, 1906 | Full Service Brick and Mortar |  |
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