The First National Bank in Altus in Altus, Oklahoma (OK)
| The First National Bank in Altus | |
|---|---|
| General | FDIC Certificate #: 4031 Status: Active Federal Reserve ID: 245351 Bank Holding Company (Regulatory Top Holder): First Altus Bancorp, Inc. (RSSDID: 1056134, Location: Altus, OK) Date Established: January 01, 1902 WWW: http://www.fnbaltus.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: 6 (Domestic: 6, Interstate: No) FDIC's unique #: 2612 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: 110 East Broadway, Altus, OK 73521 County: Jackson 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): Altus, OK (#11060) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $287.0 mil Equity capital: $30.6 mil Deposits held in domestic offices: $208.3 mil Return on assets (ROA): 1.39% ($4.0 mil) Quarterly return on assets: 1.29% ($3.7 mil) Return on Equity (ROE): 13.08% ($4.1 mil) Quarterly return on equity: 11.63% ($3.6 mil) Net income: $3.9 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.39% ($3,989.5 mil) Quarterly Pretax return on assets: 1.29% ($3,702.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 61 |
| Total assets | $287,016 |
| Cash and due from depository institutions | $12,419 |
| Interest-bearing balances | $5,343 |
| Securities | $207,644 |
| Federal funds sold & reverse repurchase agreements | $664 |
| Net loans & leases | $55,582 |
| Loan loss allowance | $1,435 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,481 |
| Other real estate owned | $2,101 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,125 |
| Life insurance assets | $287,016 |
| Total liabilities and capital | $256,424 |
| Total liabilities | $208,300 |
| Total deposits | $167,302 |
| Interest-bearing deposits | $208,300 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 15238.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $32,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $886 |
| All other liabilities | $30,592 |
| Total equity capital | $30,592 |
| Total bank equity capital | $30,592 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $1,000 |
| Undivided profits | $28,592 |
| 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 | $1,762 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,489 |
| Average Assets, year-to-date | $269,233 |
| Average Assets, quarterly | $209,750 |
| Volatile liabilities | $281,985 |
| Insider loans | $287,884 |
| FHLB advances | $94,555 |
| Loans and leases held for sale | $286,628 |
| Unused loan commitments | $265 |
| Tier 1 (core) risk-based capital | $265 |
| Tier 2 risk-based capital | $24,470 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,045 |
| Derivatives | $540 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,620 |
| Total interest expense | $2,704 |
| Net interest income | $8,916 |
| Provision for loan and lease losses | $375 |
| Total noninterest income | $974 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $657 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $317 |
| Total noninterest expense | $5,920 |
| Salaries and employee benefits | $3,387 |
| Premises and equipment expense | $580 |
| Additional noninterest expense | $1,953 |
| Pre-tax net operating income | $3,595 |
| Securities gains (losses) | $318 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $3,913 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,913 |
| Net charge-offs | $0 |
| Cash dividends | $3,913 |
| Sale, conversion, retirement of capital stock, net | $145 |
| Net operating income | $3,351 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.38% |
| Cost of funding earning assets | 1.02% |
| Net interest margin | 3.36% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 2.23% |
| Net operating income to assets | 1.27% |
| Return on assets (ROA) | 1.39% |
| Pretax return on assets | 1.39% |
| Return on equity (ROE) | 13.08% |
| Retained earnings to average equity (YTD only) | 1.88% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 258.62% |
| Efficiency ratio | 27.38% |
| Assets per employee | $59,858 |
| Cash dividends to net income (YTD only) | 4.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 85.64% |
| Loss allowance to noncurrent loans | 2.52% |
| Noncurrent assets plus other real estate owned to assets | 81.44% |
| Noncurrent loans to loans | 1.35% |
| Net loans and leases to deposits | 3.09% |
| Net loans and leases to core deposits | 26.68% |
| Equity capital to assets | 33.47% |
| Core capital (leverage) ratio | 10.66% |
| Tier 1 risk-based capital ratio | 8.54% |
| Total risk-based capital ratio | 25.88% |
| Memoranda | |
| Average assets | $27 |
| Average earning assets | $281,985 |
| Average equity | $29,918 |
| Average loans | $265,431 |
| 6 Oklahoma Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2612 | The First National Bank In Altus | 110 East Broadway, Altus, OK 73521 | January 01, 1902 | Full Service Brick and Mortar |  |
| 1 | 202232 | Bunker Hill Branch | 1606 North Main Street, Altus, OK 73521 | March 07, 1985 | Full Service Brick and Mortar |  |
| 3 | 181624 | Mountain Park Branch | U.S. Highway 183 And Oak Street, Mountain Park, OK 73559 | April 02, 1984 | Full Service Brick and Mortar | |
| 4 | 2762 | Tipton Branch | 100 South Broadway, Tipton, OK 73570 | January 01, 1917 | Full Service Brick and Mortar | |
| 6 | 269640 | Hobart Branch | 229 South Broadway, Hobart, OK 73651 | January 01, 1920 | Full Service Brick and Mortar | |
| 7 | 288331 | Frederick Branch | 815 N 10th Street, Frederick, OK 73542 | November 19, 1987 | Full Service Brick and Mortar | |
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