The First State Bank in Fairfax, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First State Bank - Overview

  • General
  • FDIC Certificate #: 2335
    Status: Active
    Federal Reserve ID: 183154
    Date Established: January 01, 1933
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1549
    Numeric code: 13
    Regulator: FED
    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: No
    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: 308 North Main Street, Fairfax, OK 74637
    County: Osage
    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
    Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
    Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
    Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
    CBSA Metro Statistical Area: Tulsa, OK (#46140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $43.3 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $37.5 mil
    Return on assets (ROA): -0.07% (-$0.0 mil)
    Quarterly return on assets: -0.31% (-$0.1 mil)
    Return on Equity (ROE): -0.48% (-$0.0 mil)
    Quarterly return on equity: -2.26% (-$0.1 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.06% (-$26.0 mil)
    Quarterly Pretax return on assets: -0.27% (-$116.8 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
  • 19Total employees (full-time equivalent)
  • $43,258Total assets
  • $2,100Cash and due from depository institutions
  • $1,049Interest-bearing balances
  • $17,911Securities
  • $4,548Federal funds sold & reverse repurchase agreements
  • $17,097Net loans & leases
  • $242Loan loss allowance
  • $0Trading account assets
  • $727Bank premises and fixed assets
  • $124Other real estate owned
  • $0Goodwill and other intangibles
  • $43,258Life insurance assets
  • $751All other assets
  • $37,643Total liabilities and capital
  • $37,514Total liabilities
  • $27,771Total deposits
  • $37,514Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $129Subordinated debt
  • $5,615All other liabilities
  • $5,615Total equity capital
  • $5,615Total bank equity capital
  • $0Perpetual preferred stock
  • $86Common stock
  • $1,014Surplus
  • $4,515Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $354Income earned, not collected on loans
  • $0Earning assets
  • $211Long-term assets (5+ years)
  • $40,605Average Assets, year-to-date
  • $9,548Average Assets, quarterly
  • $40,223Volatile liabilities
  • $41,814Insider loans
  • $21,413FHLB advances
  • $41,021Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,478Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $918Restructured Loans and leases
  • $598Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,586Total interest income
  • $309Total interest expense
  • $1,277Net interest income
  • $0Provision for loan and lease losses
  • $297Total noninterest income
  • $0Fiduciary activities
  • $271Service charges on deposit accounts
  • $0Trading account gains & fees
  • $26Additional noninterest income
  • $1,723Total noninterest expense
  • $861Salaries and employee benefits
  • $143Premises and equipment expense
  • $719Additional noninterest expense
  • -$149Pre-tax net operating income
  • $126Securities gains (losses)
  • $4Applicable income taxes
  • -$27Income before extraordinary items
  • $0Extraordinary gains - net
  • -$27Net income attributable to bank
  • $0Net charge-offs
  • -$27Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 4.60%Noninterest expense to earning assets
  • -0.38%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • -0.48%Return on equity (ROE)
  • -0.48%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -2.26%Efficiency ratio
  • 109,466Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 68.36%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 2.04%Net loans and leases to deposits
  • 45.57%Net loans and leases to core deposits
  • 52.15%Equity capital to assets
  • 12.98%Core capital (leverage) ratio
  • 13.35%Tier 1 risk-based capital ratio
  • 25.58%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $40,223Average earning assets
  • $5,658Average equity
  • $37,465Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01549The First State Bank308 North Main Street, Fairfax, OK 74637January 01, 1933Full Service Brick and Mortar
    1192493Ralston Branch520 Main Street, Ralston, OK 74650October 19, 1984Full Service Brick and Mortar

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