FDIC Certificate #: 8736 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Arvest Bank (#8728) Federal Reserve ID: 731443 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) OTS Docket #: 11391 FDIC's unique #: 5565 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 06, 2001 Last Structure Change Process Date: December 07, 2001 Last Data Update: December 07, 2001 Data Source Date: April 05, 2012
Location
Address: 102 East Buchanan Street, Prairie Grove, AR 72753 County: Washington 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: $118.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
48Total employees (full-time equivalent)
$114,301Total assets
$2,432Cash and due from depository institutions
$50Interest-bearing balances
$23,212Securities
$5,100Federal funds sold & reverse repurchase agreements
$76,954Net loans & leases
$974Loan loss allowance
$0Trading account assets
$2,806Bank premises and fixed assets
$0Other real estate owned
$170Goodwill and other intangibles
$0Life insurance assets
$3,627All other assets
$114,301Total liabilities and capital
$106,645Total liabilities
$102,611Total deposits
$93,872Interest-bearing deposits
$102,611Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,007Other borrowed funds
$0Subordinated debt
$1,027All other liabilities
$7,656Total equity capital
$7,656Total bank equity capital
$7,656Perpetual preferred stock
$0Common stock
$300Surplus
$5,444Undivided profits
Memoranda
$1,912Noncurrent loans and leases
$8,747Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,062Earning assets
$0Long-term assets (5+ years)
$774Average Assets, year-to-date
$105,316Average Assets, quarterly
$15,680Volatile liabilities
$110,999Insider loans
$113,125FHLB advances
$8,655Loans and leases held for sale
$925Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,747Total unused commitments
$0Restructured Loans and leases
$834Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$8,648Total interest income
$4,442Total interest expense
$4,206Net interest income
$72Provision for loan and lease losses
$1,654Total noninterest income
$0Fiduciary activities
$993Service charges on deposit accounts
$0Trading account gains & fees
$661Additional noninterest income
$3,691Total noninterest expense
$1,817Salaries and employee benefits
$388Premises and equipment expense
$1,486Additional noninterest expense
$2,097Pre-tax net operating income
$0Securities gains (losses)
$642Applicable income taxes
$1,455Income before extraordinary items
$0Extraordinary gains - net
$1,455Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$75Sale, conversion, retirement of capital stock, net
$1,250Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.30%Yield on earning assets
4.26%Cost of funding earning assets
4.03%Net interest margin
1.59%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
1.89%Pretax return on assets
19.42%Return on equity (ROE)
2.74%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
96.00%Credit loss provision to net charge-offs
28.92%Efficiency ratio
61,980Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.91%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
91.71%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
1.36%Net loans and leases to deposits
75.00%Net loans and leases to core deposits
81.90%Equity capital to assets
6.70%Core capital (leverage) ratio
6.67%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$13Average assets
$110,999Average earning assets
$7,494Average equity
$104,249Average loans
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