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

This bank is inactive as of October 03, 2003

  • The First National Bank of Grove in Grove, Oklahoma (OK)
  • Show street view No street view available for this location

The First National Bank of Grove - Overview

  • General
  • FDIC Certificate #: 34280
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank and Trust Company of Vinita (#4218)
    Federal Reserve ID: 2346609
    Date Established: September 04, 1996
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57039
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: September 04, 1996
    Last Structure Change Effective Date: October 03, 2003
    Last Structure Change Process Date: October 29, 2003
    Last Data Update: October 29, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 South Main Street, Grove, OK 74344
    County: Delaware
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $52.1 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, 2002)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $48,135Total assets
  • $860Cash and due from depository institutions
  • $77Interest-bearing balances
  • $18,973Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,611Net loans & leases
  • $262Loan loss allowance
  • $0Trading account assets
  • $1,791Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $900All other assets
  • $48,135Total liabilities and capital
  • $44,530Total liabilities
  • $40,424Total deposits
  • $38,630Interest-bearing deposits
  • $40,424Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,800Other borrowed funds
  • $0Subordinated debt
  • $306All other liabilities
  • $3,605Total equity capital
  • $3,605Total bank equity capital
  • $3,605Perpetual preferred stock
  • $0Common stock
  • $650Surplus
  • $2,350Undivided profits
  • Memoranda
  • $605Noncurrent loans and leases
  • $744Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $180Earning assets
  • $61Long-term assets (5+ years)
  • $352Average Assets, year-to-date
  • $44,661Average Assets, quarterly
  • $7,320Volatile liabilities
  • $44,500Insider loans
  • $47,303FHLB advances
  • $8,704Loans and leases held for sale
  • $225Unused loan commitments
  • $3,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $744Total unused commitments
  • $0Restructured Loans and leases
  • $262Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $2,924Total interest income
  • $1,252Total interest expense
  • $1,672Net interest income
  • $155Provision for loan and lease losses
  • $364Total noninterest income
  • $0Fiduciary activities
  • $296Service charges on deposit accounts
  • $0Trading account gains & fees
  • $68Additional noninterest income
  • $1,257Total noninterest expense
  • $624Salaries and employee benefits
  • $177Premises and equipment expense
  • $456Additional noninterest expense
  • $624Pre-tax net operating income
  • $22Securities gains (losses)
  • $225Applicable income taxes
  • $421Income before extraordinary items
  • $0Extraordinary gains - net
  • $421Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $135Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 13.01%Return on equity (ROE)
  • 13.01%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 114.81%Credit loss provision to net charge-offs
  • 5.77%Efficiency ratio
  • 61,739Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 145.56%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 63.36%Net loans and leases to core deposits
  • 78.75%Equity capital to assets
  • 7.49%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $44,500Average earning assets
  • $3,235Average equity
  • $41,066Average loans

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 National Bank of Grove.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents