First National Bank in Okeene

Headquarters

124 North Main
Okeene, OK 73763
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First National Bank in Okeene is an FDIC insured institution located in Okeene, OK. It was founded in 1916 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 4161
Date Established 1916
Assets $ 84.39 million
Loans $ 45.67 million
Deposits $ 68.94 million
Capital $ 13.09 million
 

For a more detailed analysis of First National Bank in Okeene's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank in Okeene

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
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Note to First National Bank in Okeene
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Branches

First National Bank in Okeene branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First National Bank in Okeene Locations


Financial Details

First National Bank in Okeene Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank in Okeene. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First National Bank in Okeene U.S. Bank Average
15.43% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First National Bank in Okeene had $307,000 in non-current loans and $1,818,000 in owned real estate. To cover these potential losses it had $13,093,000 in equity and $676,000 in loans loss reserves. That gives it a Texas Ratio of 15.43%.

Return on Equity
First National Bank in Okeene U.S. Bank Average
6.58% 7.80%

First National Bank in Okeene has a Return on Equity of 6.58% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First National Bank in Okeene U.S. Bank Average
15.52% 12.68%

First National Bank in Okeene has a Capitalization of 15.52% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First National Bank in Okeene Balance Sheet Analysis

As of March 31, 2020, First National Bank in Okeene had assets of $84,387,000, loans of $45,672,000, and deposits of $68,942,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 4.64 million
Interest-bearing balances $ 3.99 million
Total securities $ 28.43 million
Federal funds sold and reverse repurchase $ 0.32 million
Net loans and leases $ 45.67 million
Loan loss allowance $ 0.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.82 million
Goodwill and other intangibles N.A.
All other assets $ 3.42 million
     Total Assets $ 71.29 million
LIABILITIES
Total deposits $ 68.94 million
      Interest-bearing deposits $ 59.38 million
      Deposits held in domestic offices $ 68.94 million
      % insured (estimated) 85.30%
Federal funds purchased and repurchase agreements $ 2.25 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.10 million
      Total Liabilities $ 71.29 million
      Shareholders’ Equity $ 13.09 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.84 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.64 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.03 million
Total non interest expense $ 0.38 million
Pre-tax Net Operating Income $ 0.22 million

Bank Loan Profile?

The top three loan types in First National Bank in Okeene’s loan portfolio are Commercial Real Estate, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Oklahoma, First National Bank in Okeene has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.08
Multifamily
Mortgages
0.12
Credit Card Loans 0.00
Consumer Auto Loans 0.27
Small Business Loans 0.00
Construction and Development Loans 1.51
Commercial Real Estate 42.36
Commercial and Industrial Loans 9.41
Farm Loans 24.78

Frequently Asked Questions About First National Bank In Okeene

Branches and Savings

Is First National Bank In Okeene FDIC insured?

Yes. It is covered under FDIC Certificate #4161.

Why does First National Bank In Okeene pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First National Bank In Okeene CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First National Bank In Okeene a commercial bank?

Yes

Where are First National Bank In Okeene locations?

See branch locations nearby.

Is First National Bank In Okeene open on Saturdays?

Is First National Bank In Okeene open on Sundays?

What time does First National Bank In Okeene open?

What time does First National Bank In Okeene close?

Are First National Bank In Okeene ATMs Open 24/7?

Do First National Bank In Okeene ATMs accept cash deposits?

Can First National Bank In Okeene customers use other ATMs?

Do First National Bank In Okeene branches have notaries?

Will First National Bank In Okeene notarize my document?

What address for First National Bank In Okeene should I put for incoming ACH transfers?

Will the First National Bank In Okeene branch print checks?

Do First National Bank In Okeene checks expire?

Does First National Bank In Okeene require US citizenship to open account?

Can First National Bank In Okeene close my account?

Does First National Bank In Okeene Report to credit bureaus?

Does First National Bank In Okeene Use Equifax?

What is First National Bank In Okeene's ACH Routing Number?

What is First National Bank In Okeene's SWIFT code?

Products

Does First National Bank In Okeene offer mortgages?

Compare mortgage rates here.

Does First National Bank In Okeene offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank In Okeene offer personal loans?

Compare personal loan rates here.

Does First National Bank In Okeene offer student loans?

Will First National Bank In Okeene cash a check?

Will First National Bank In Okeene redeem a savings bond?

Does First National Bank In Okeene cash savings bonds?

Will First National Bank In Okeene cash money orders?

Can First National Bank In Okeene issue a money order?

Does First National Bank In Okeene do currency exchange?

Background on The Bank

Who owns First National Bank In Okeene?

How long has First National Bank In Okeene been around?

Can First National Bank In Okeene transfer to other banks?

Does First National Bank In Okeene have quick pay?

Does First National Bank In Okeene accept rolled coins?

Will First National Bank In Okeene accept loose change?

Where is First National Bank In Okeene headquarters?

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