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)
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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
    WWW: http://www.fnbgrove.com
    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

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