FDIC Certificate #: 4092 Status: Active Federal Reserve ID: 280352 Bank Holding Company (Regulatory Top Holder): Erick Bancshares, Inc. (RSSDID: 2209030, Location: Erick, OK) Date Established: December 12, 1902 WWW:http://www.faberick.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 #: 2665 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: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012
Location
Address: 120 West Broadway, Erick, OK 73645 County: Beckham 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): Elk City, OK (#21120) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $40.7 mil Equity capital: $3.5 mil Deposits held in domestic offices: $37.2 mil Return on assets (ROA): 1.10% ($0.5 mil) Quarterly return on assets: 1.06% ($0.4 mil) Return on Equity (ROE): 13.16% ($0.4 mil) Quarterly return on equity: 12.85% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.10% ($448.0 mil) Quarterly Pretax return on assets: 1.06% ($431.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$40,727Total assets
$10,596Cash and due from depository institutions
$10,085Interest-bearing balances
$16,542Securities
$639Federal funds sold & reverse repurchase agreements
$12,065Net loans & leases
$153Loan loss allowance
$0Trading account assets
$363Bank premises and fixed assets
$0Other real estate owned
$171Goodwill and other intangibles
$40,727Life insurance assets
$351All other assets
$37,249Total liabilities and capital
$37,151Total liabilities
$20,836Total deposits
$37,151Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$98Subordinated debt
$3,478All other liabilities
$3,478Total equity capital
$3,478Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$2,395Surplus
$583Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$40Income earned, not collected on loans
$0Earning assets
$231Long-term assets (5+ years)
$39,331Average Assets, year-to-date
$3,737Average Assets, quarterly
$40,870Volatile liabilities
$41,801Insider loans
$18,445FHLB advances
$41,869Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,307Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$984Restructured Loans and leases
$44Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,248Total interest income
$118Total interest expense
$1,130Net interest income
$0Provision for loan and lease losses
$197Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$878Total noninterest expense
$551Salaries and employee benefits
$110Premises and equipment expense
$217Additional noninterest expense
$449Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$449Income before extraordinary items
$0Extraordinary gains - net
$449Net income attributable to bank
$0Net charge-offs
$449Cash dividends
$10Sale, conversion, retirement of capital stock, net
$335Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.20%Yield on earning assets
0.30%Cost of funding earning assets
2.90%Net interest margin
0.51%Noninterest income to earning assets
2.25%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.10%Pretax return on assets
13.16%Return on equity (ROE)
3.34%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
44.90%Efficiency ratio
66,164Assets per employee
5.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.61%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
382.50%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.33%Net loans and leases to deposits
32.48%Net loans and leases to core deposits
32.83%Equity capital to assets
8.54%Core capital (leverage) ratio
7.90%Tier 1 risk-based capital ratio
17.93%Total risk-based capital ratio
Memoranda
$19Average assets
$40,870Average earning assets
$3,411Average equity
$38,953Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2665
First American Bank
120 West Broadway, Erick, OK 73645
December 12, 1902
Full Service Brick and Mortar
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