First Community Bank and Trust Company of Lone Grove in Lone Grove, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 27, 1996

First Community Bank and Trust Company of Lone Grove in Lone Grove, Oklahoma (OK)
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First Community Bank and Trust Company of Lone Grove - Overview

General
FDIC Certificate #: 22716
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank and Trust Company of Ardmore (#4037)
Federal Reserve ID: 357450
Date Established: September 20, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15857
Numeric code: 21
Regulator: FDIC
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: September 20, 1978
Last Structure Change Effective Date: September 27, 1996
Last Structure Change Process Date: October 23, 1996
Last Data Update: October 23, 1996
Data Source Date: April 05, 2012
Location
Address: Highway 70 And Newport Road, Lone Grove, OK 73443
County: Carter
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): Ardmore, OK (#11620)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $43.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$43,540Cash and due from depository institutions
$1,925Interest-bearing balances
$0Securities
$12,454Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$26,868Loan loss allowance
$228Trading account assets
$0Bank premises and fixed assets
$1,088Other real estate owned
$311Goodwill and other intangibles
$807Life insurance assets
$87All other assets
$0Total liabilities and capital
$43,540Total liabilities
$39,502Total deposits
$38,747Interest-bearing deposits
$33,434Deposits held in domestic offices
38747.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$443Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$312Total equity capital
$312Total bank equity capital
$4,038Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,200Undivided profits
Memoranda
$1,838Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$139Income earned, not collected on loans
$473Earning assets
$39,322Long-term assets (5+ years)
$4,682Average Assets, year-to-date
$43,666Average Assets, quarterly
$43,584Volatile liabilities
$8,747Insider loans
$1,571FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,887Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,954Total risk weighted assets
$28,675Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,437Total interest expense
$1,643Net interest income
$1,794Provision for loan and lease losses
$60Total noninterest income
$263Fiduciary activities
$0Service charges on deposit accounts
$235Trading account gains & fees
$0Additional noninterest income
$28Total noninterest expense
$1,520Salaries and employee benefits
$852Premises and equipment expense
$203Additional noninterest expense
$465Pre-tax net operating income
$477Securities gains (losses)
$0Applicable income taxes
$136Income before extraordinary items
$341Extraordinary gains - net
$0Net income attributable to bank
$341Net charge-offs
$141Cash dividends
$55Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.64%Cost of funding earning assets
4.13%Net interest margin
4.51%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
3.82%Net operating income to assets
0.78%Return on assets (ROA)
0.78%Pretax return on assets
1.09%Return on equity (ROE)
8.96%Retained earnings to average equity (YTD only)
7.52%Net charge-offs to loans
0.53%Credit loss provision to net charge-offs
42.55%Efficiency ratio
73,505Assets per employee
1.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.13%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
164.03%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
0.51%Net loans and leases to deposits
69.34%Net loans and leases to core deposits
88.26%Equity capital to assets
9.27%Core capital (leverage) ratio
9.06%Tier 1 risk-based capital ratio
13.79%Total risk-based capital ratio
Memoranda
$15Average assets
$43,666Average earning assets
$3,805Average equity
$39,771Average loans

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