The First Security Bank in Beaver, Oklahoma (OK)
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| The First Security Bank | |
|---|---|
| General | FDIC Certificate #: 4041 Status: Active Federal Reserve ID: 49951 Date Established: January 16, 1916 WWW: http://www.fsbbeaver.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 2620 Numeric code: 21 Regulator: FDIC 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: Yes 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: 15 South Douglas Avenue, Beaver, OK 73932 County: Beaver 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: $112.4 mil Equity capital: $8.8 mil Deposits held in domestic offices: $103.4 mil Return on assets (ROA): 1.42% ($1.6 mil) Quarterly return on assets: 1.20% ($1.3 mil) Return on Equity (ROE): 17.33% ($1.6 mil) Quarterly return on equity: 14.87% ($1.3 mil) Net income: $1.5 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.42% ($1,596.2 mil) Quarterly Pretax return on assets: 1.20% ($1,348.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 17 |
| Total assets | $112,405 |
| Cash and due from depository institutions | $14,897 |
| Interest-bearing balances | $13,136 |
| Securities | $20,490 |
| Federal funds sold & reverse repurchase agreements | $2,634 |
| Net loans & leases | $70,505 |
| Loan loss allowance | $543 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $496 |
| Other real estate owned | $83 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,300 |
| Life insurance assets | $112,405 |
| Total liabilities and capital | $103,622 |
| Total liabilities | $103,353 |
| Total deposits | $92,772 |
| Interest-bearing deposits | $103,353 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $269 |
| All other liabilities | $8,783 |
| Total equity capital | $8,783 |
| Total bank equity capital | $8,783 |
| Perpetual preferred stock | $0 |
| Common stock | $685 |
| Surplus | $435 |
| Undivided profits | $7,663 |
| 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 | $258 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,393 |
| Average Assets, year-to-date | $106,765 |
| Average Assets, quarterly | $30,678 |
| Volatile liabilities | $103,833 |
| Insider loans | $108,776 |
| FHLB advances | $76,508 |
| Loans and leases held for sale | $107,751 |
| Unused loan commitments | $1,139 |
| Tier 1 (core) risk-based capital | $1,139 |
| Tier 2 risk-based capital | $8,947 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,061 |
| Derivatives | $1,250 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,198 |
| Total interest expense | $1,396 |
| Net interest income | $2,802 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $199 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $131 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $68 |
| Total noninterest expense | $1,524 |
| Salaries and employee benefits | $823 |
| Premises and equipment expense | $245 |
| Additional noninterest expense | $456 |
| Pre-tax net operating income | $1,477 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,477 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,477 |
| Net charge-offs | $0 |
| Cash dividends | $1,477 |
| Sale, conversion, retirement of capital stock, net | $8 |
| Net operating income | $681 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.26% |
| Cost of funding earning assets | 1.41% |
| Net interest margin | 2.84% |
| Noninterest income to earning assets | 0.20% |
| Noninterest expense to earning assets | 1.54% |
| Net operating income to assets | 1.42% |
| Return on assets (ROA) | 1.42% |
| Pretax return on assets | 1.42% |
| Return on equity (ROE) | 17.33% |
| Retained earnings to average equity (YTD only) | 9.34% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 184.63% |
| Assets per employee | $50,783 |
| Cash dividends to net income (YTD only) | 6.61% |
| Condition Ratios (%) | |
| Loss allowance to loans | 46.11% |
| Loss allowance to noncurrent loans | 0.76% |
| Noncurrent assets plus other real estate owned to assets | 210.47% |
| Noncurrent loans to loans | 0.30% |
| Net loans and leases to deposits | 0.36% |
| Net loans and leases to core deposits | 68.22% |
| Equity capital to assets | 77.06% |
| Core capital (leverage) ratio | 7.81% |
| Tier 1 risk-based capital ratio | 8.30% |
| Total risk-based capital ratio | 11.69% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $103,833 |
| Average equity | $8,523 |
| Average loans | $98,658 |
| 1 Oklahoma Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2620 | The First Security Bank | 15 South Douglas Avenue, Beaver, OK 73932 | January 16, 1916 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.