FDIC Certificate #: 20125 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:First National Bank and Trust Company of Ardmore (#4037) Federal Reserve ID: 468655 Date Established: January 26, 1970 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 14319 FDIC's unique #: 13824 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 26, 1970 Last Structure Change Effective Date: June 30, 2008 Last Structure Change Process Date: July 07, 2008 Last Data Update: July 07, 2008 Data Source Date: April 05, 2012
Location
Address: Fourth And Main Streets, Velma, OK 73491 County: Stephens 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): Duncan, OK (#20340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $19.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
9Total employees (full-time equivalent)
$18,417Total assets
$1,085Cash and due from depository institutions
$103Interest-bearing balances
$2,329Securities
$1,001Federal funds sold & reverse repurchase agreements
$13,501Net loans & leases
$148Loan loss allowance
$0Trading account assets
$160Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$341All other assets
$18,417Total liabilities and capital
$15,567Total liabilities
$15,233Total deposits
$11,582Interest-bearing deposits
$15,233Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$334All other liabilities
$2,850Total equity capital
$2,850Total bank equity capital
$2,850Perpetual preferred stock
$0Common stock
$314Surplus
$556Undivided profits
Memoranda
$1,980Noncurrent loans and leases
$530Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$61Earning assets
$0Long-term assets (5+ years)
$230Average Assets, year-to-date
$16,934Average Assets, quarterly
$2,073Volatile liabilities
$18,247Insider loans
$18,559FHLB advances
$1,607Loans and leases held for sale
$198Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$530Total unused commitments
$0Restructured Loans and leases
$148Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,363Total interest income
$295Total interest expense
$1,068Net interest income
$30Provision for loan and lease losses
$176Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$68Additional noninterest income
$894Total noninterest expense
$490Salaries and employee benefits
$85Premises and equipment expense
$319Additional noninterest expense
$320Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$320Income before extraordinary items
$0Extraordinary gains - net
$320Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$320Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.10%Yield on earning assets
1.75%Cost of funding earning assets
6.35%Net interest margin
1.05%Noninterest income to earning assets
5.31%Noninterest expense to earning assets
1.75%Net operating income to assets
1.75%Return on assets (ROA)
1.75%Pretax return on assets
11.17%Return on equity (ROE)
0.00%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-3000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,865Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
242.62%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.45%Net loans and leases to deposits
88.63%Net loans and leases to core deposits
99.08%Equity capital to assets
15.47%Core capital (leverage) ratio
15.55%Tier 1 risk-based capital ratio
20.19%Total risk-based capital ratio
Memoranda
$21Average assets
$18,247Average earning assets
$2,864Average equity
$16,831Average loans
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