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
    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)

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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First Farmers National Bank of Waurika.
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.
Table of Contents