The First Farmers National Bank of Waurika - Overview
General
FDIC Certificate #: 4222 Status: Active Federal Reserve ID: 353957 Date Established: March 26, 1906 WWW:http://www.ffnbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12805 FDIC's unique #: 2771 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 106 North Main, Waurika, OK 73573 County: Jefferson 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $45.0 mil Equity capital: $8.7 mil Deposits held in domestic offices: $35.7 mil Return on assets (ROA): 2.03% ($0.9 mil) Quarterly return on assets: 0.96% ($0.4 mil) Return on Equity (ROE): 10.44% ($0.9 mil) Quarterly return on equity: 4.72% ($0.4 mil) Net income: $0.9 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.03% ($912.9 mil) Quarterly Pretax return on assets: 0.96% ($431.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$44,968Total assets
$1,532Cash and due from depository institutions
$99Interest-bearing balances
$24,484Securities
$0Federal funds sold & reverse repurchase agreements
$18,111Net loans & leases
$1,061Loan loss allowance
$0Trading account assets
$15Bank premises and fixed assets
$40Other real estate owned
$0Goodwill and other intangibles
$44,968Life insurance assets
$786All other assets
$36,252Total liabilities and capital
$35,716Total liabilities
$30,473Total deposits
$35,716Interest-bearing deposits
$80Deposits held in domestic offices
500.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$36Subordinated debt
$8,716All other liabilities
$8,716Total equity capital
$8,716Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$150Surplus
$8,541Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$27Income earned, not collected on loans
$0Earning assets
$397Long-term assets (5+ years)
$42,694Average Assets, year-to-date
$14,026Average Assets, quarterly
$43,563Volatile liabilities
$44,100Insider loans
$18,109FHLB advances
$43,681Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,041Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,054Restructured Loans and leases
$512Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,402Total interest income
$258Total interest expense
$2,144Net interest income
$6Provision for loan and lease losses
$118Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$1,381Total noninterest expense
$800Salaries and employee benefits
$100Premises and equipment expense
$481Additional noninterest expense
$875Pre-tax net operating income
$8Securities gains (losses)
$0Applicable income taxes
$883Income before extraordinary items
$0Extraordinary gains - net
$883Net income attributable to bank
$0Net charge-offs
$883Cash dividends
-$54Sale, conversion, retirement of capital stock, net
$774Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
0.62%Cost of funding earning assets
5.11%Net interest margin
0.28%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
2.01%Net operating income to assets
2.03%Return on assets (ROA)
2.03%Pretax return on assets
10.44%Return on equity (ROE)
1.29%Retained earnings to average equity (YTD only)
-0.30%Net charge-offs to loans
-11.11%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,052Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.66%Loss allowance to loans
5.53%Loss allowance to noncurrent loans
3929.63%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.14%Net loans and leases to deposits
50.71%Net loans and leases to core deposits
57.77%Equity capital to assets
19.38%Core capital (leverage) ratio
18.41%Tier 1 risk-based capital ratio
44.40%Total risk-based capital ratio
Memoranda
$46Average assets
$43,563Average earning assets
$8,457Average equity
$41,945Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2771
The First Farmers National Bank Of W
106 North Main, Waurika, OK 73573
March 26, 1906
Full Service Brick and Mortar
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