FDIC Certificate #: 14648 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Arvest Bank (#8728) Federal Reserve ID: 937348 Date Established: April 08, 1932 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) OTS Docket #: 10528 FDIC's unique #: 9161 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: August 09, 1934 Last Structure Change Effective Date: March 07, 2002 Last Structure Change Process Date: April 12, 2002 Last Data Update: April 12, 2002 Data Source Date: April 05, 2012
Location
Address: 1645 Highway 412 West, Siloam Springs, AR 72761 County: Benton Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Fayetteville-Springdale-Rogers, AR (#2580) Core Based Statistical Area (CBSA): Fayetteville-Springdale-Rogers, AR-MO (#22220) CBSA Metro Statistical Area: Fayetteville-Springdale-Rogers, AR-MO (#22220)
Financial Summary
Total assets: $250.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
99Total employees (full-time equivalent)
$250,158Total assets
$7,591Cash and due from depository institutions
$544Interest-bearing balances
$36,766Securities
$11,075Federal funds sold & reverse repurchase agreements
$184,751Net loans & leases
$2,494Loan loss allowance
$0Trading account assets
$3,900Bank premises and fixed assets
$413Other real estate owned
$1,335Goodwill and other intangibles
$0Life insurance assets
$4,327All other assets
$250,158Total liabilities and capital
$231,440Total liabilities
$214,115Total deposits
$189,681Interest-bearing deposits
$214,115Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,084Other borrowed funds
$0Subordinated debt
$2,241All other liabilities
$18,718Total equity capital
$18,718Total bank equity capital
$18,718Perpetual preferred stock
$0Common stock
$1Surplus
$5,986Undivided profits
Memoranda
$12,731Noncurrent loans and leases
$21,343Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,465Earning assets
$172Long-term assets (5+ years)
$2,142Average Assets, year-to-date
$233,136Average Assets, quarterly
$28,237Volatile liabilities
$250,827Insider loans
$251,723FHLB advances
$20,866Loans and leases held for sale
$2,264Unused loan commitments
$15,084Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,343Total unused commitments
$0Restructured Loans and leases
$2,167Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$18,896Total interest income
$8,593Total interest expense
$10,303Net interest income
$576Provision for loan and lease losses
$4,352Total noninterest income
$0Fiduciary activities
$2,764Service charges on deposit accounts
$0Trading account gains & fees
$1,588Additional noninterest income
$9,219Total noninterest expense
$4,086Salaries and employee benefits
$967Premises and equipment expense
$4,166Additional noninterest expense
$4,860Pre-tax net operating income
$26Securities gains (losses)
$1,603Applicable income taxes
$3,283Income before extraordinary items
$0Extraordinary gains - net
$3,283Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$508Sale, conversion, retirement of capital stock, net
$3,050Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.05%Yield on earning assets
3.66%Cost of funding earning assets
4.39%Net interest margin
1.86%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
1.30%Net operating income to assets
1.31%Return on assets (ROA)
1.95%Pretax return on assets
18.00%Return on equity (ROE)
1.28%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
113.39%Credit loss provision to net charge-offs
10.70%Efficiency ratio
62,184Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.90%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
101.18%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.32%Net loans and leases to deposits
86.29%Net loans and leases to core deposits
95.05%Equity capital to assets
7.48%Core capital (leverage) ratio
6.78%Tier 1 risk-based capital ratio
9.83%Total risk-based capital ratio
Memoranda
$11Average assets
$250,827Average earning assets
$18,236Average equity
$234,599Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Arvest Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: