The First National Bank & Trust in Elk City, Oklahoma (OK)



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The First National Bank & Trust routing number info

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The First National Bank & Trust
GeneralFDIC Certificate #: 4086
Status: Active
Federal Reserve ID: 114457
Bank Holding Company (Regulatory Top Holder): Western Oklahoma Financial Services, Inc. (RSSDID: 2293507, Location: Elk City, OK)
Date Established: April 19, 1901
WWW: http://www.fnbec.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 13889
FDIC's unique #: 2659
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
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: 2714 West Third Street, Elk City, OK 73644
County: Beckham
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
Core Based Statistical Area (CBSA): Elk City, OK (#21120)
CBSA Micro Statistical Area: Yes
History of ChangesName Change
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $284.2 mil
Equity capital: $32.5 mil
Deposits held in domestic offices: $251.5 mil
Return on assets (ROA): 1.96% ($5.6 mil)
Quarterly return on assets: 1.91% ($5.4 mil)
Return on Equity (ROE): 18.77% ($6.2 mil)
Quarterly return on equity: 17.23% ($5.7 mil)
Net income: $5.5 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 1.96% ($5,570.7 mil)
Quarterly Pretax return on assets: 1.91% ($5,428.6 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)43
Total assets$284,218
Cash and due from depository institutions$3,885
Interest-bearing balances$1,252
Securities$112,649
Federal funds sold & reverse repurchase agreements$252
Net loans & leases$158,687
Loan loss allowance $2,330
Trading account assets$0
Bank premises and fixed assets$4,972
Other real estate owned$0
Goodwill and other intangibles$42
All other assets$3,731
Life insurance assets$284,218
Total liabilities and capital$251,676
Total liabilities$251,510
Total deposits$228,372
Interest-bearing deposits$251,510
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $166
All other liabilities $32,542
Total equity capital$32,542
Total bank equity capital$32,542
Perpetual preferred stock$0
Common stock$200
Surplus$500
Undivided profits $31,842
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 $419
Earning assets $0
Long-term assets (5+ years) $2,180
Average Assets, year-to-date $272,840
Average Assets, quarterly $141,663
Volatile liabilities $282,191
Insider loans $286,602
FHLB advances $160,176
Loans and leases held for sale $289,033
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $29,158
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,701
Derivatives$841
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,645
Total interest expense $2,717
Net interest income $9,928
Provision for loan and lease losses $517
Total noninterest income $1,564
Fiduciary activities $28
Service charges on deposit accounts $636
Trading account gains & fees $0
Additional noninterest income $900
Total noninterest expense $5,456
Salaries and employee benefits $3,102
Premises and equipment expense $777
Additional noninterest expense $1,577
Pre-tax net operating income $5,519
Securities gains (losses) $5
Applicable income taxes $0
Income before extraordinary items $5,524
Extraordinary gains - net $0
Net income attributable to bank $5,524
Net charge-offs $0
Cash dividends $5,524
Sale, conversion, retirement of capital stock, net $237
Net operating income $2,226
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.69%
Cost of funding earning assets 1.01%
Net interest margin 3.68%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.02%
Net operating income to assets 1.96%
Return on assets (ROA) 1.96%
Pretax return on assets 1.96%
Return on equity (ROE) 18.77%
Retained earnings to average equity (YTD only) 11.20%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 218.14%
Efficiency ratio25.47%
Assets per employee$47,250
Cash dividends to net income (YTD only)6.61%
Condition Ratios (%)
Loss allowance to loans 40.30%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 556.09%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 63.09%
Equity capital to assets 68.98%
Core capital (leverage) ratio 11.45%
Tier 1 risk-based capital ratio 10.09%
Total risk-based capital ratio 18.20%
Memoranda
Average assets$19
Average earning assets$282,191
Average equity $29,438
Average loans $269,530
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$5,943
Number of Accounts1
Personal trust and agency accounts$4,789
Employee benefit-defined contribution accounts$4,789
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts12
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,154
Corporate trust and agency accounts$1,154
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02659The First National Bank & Trust2714 West Third Street, Elk City, OK 73644April 19, 1901Full Service Brick and Mortar
3202295Main Branch102 South Main Street, Elk City, OK 73644December 01, 1986Full Service Brick and Mortar
4202296Sayre Branch715 Northeast Highway 66, Sayre, OK 73662Febuary 03, 1997Full Service Brick and Mortar
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