The First National Bank and Trust Company of Miami
Headquarters
2 N Main St
Miami, OK 74354
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2024 Overview
General Bank Information
The First National Bank and Trust Company of Miami is an FDIC insured institution located in Miami, OK. It was founded in 1900 and has approximately $0.21 billion in assets. Customers can open an account at one of its 4 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 4148 |
| Date Established | 1900 |
| Assets | $ 214.56 million |
| Loans | $ 98.70 million |
| Deposits | $ 192.54 million |
| Capital | $ 20.37 million |
For a more detailed analysis of The First National Bank and Trust Company of Miami's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 28, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 28, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for The First National Bank and Trust Company of Miami
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2059741 |
7.004% |
6.875% 0.63 points $4,192 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to The First National Bank and Trust Company of Miami
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Branches
The First National Bank and Trust Company of Miami 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:
Columbus,Ohio
Climate Policy and Initiatives
The First National Bank and Trust Company of Miami is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
The First National Bank and Trust Company of Miami Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The First National Bank and Trust Company of Miami. 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
| The First National Bank and Trust Company of Miami | U.S. Bank Average |
|---|---|
| 0.27% | 3.96% |
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 December 31, 2024, The First National Bank and Trust Company of Miami had $56,000 in non-current loans and $2,000 in owned real estate. To cover these potential losses it had $20,372,000 in equity and $1,202,000 in loans loss reserves. That gives it a Texas Ratio of 0.27%.
Return on Equity
| The First National Bank and Trust Company of Miami | U.S. Bank Average |
|---|---|
| 24.38% | 12.20% |
The First National Bank and Trust Company of Miami has a Return on Equity of 24.38% versus the BestCashCow average of 12.20%. 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
| The First National Bank and Trust Company of Miami | U.S. Bank Average |
|---|---|
| 9.49% | 10.76% |
The First National Bank and Trust Company of Miami has a Capitalization of 9.49% versus the BestCashCow average of 10.76. 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.
The First National Bank and Trust Company of Miami Balance Sheet Analysis
As of December 31, 2023, The First National Bank and Trust Company of Miami had assets of $214,559,000, loans of $98,702,000, and deposits of $192,543,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 31.68 million |
| Interest-bearing balances | $ 22.37 million |
| Total securities | $ 72.15 million |
| Federal funds sold and reverse repurchase | $ 4.61 million |
| Net loans and leases | $ 98.70 million |
| Loan loss allowance | $ 1.20 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.00 million |
| Goodwill and other intangibles | $ 1.13 million |
| All other assets | $ 4.18 million |
| Total Assets | $ 194.19 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 192.54 million |
| Interest-bearing deposits | $ 113.61 million |
| Deposits held in domestic offices | $ 192.54 million |
| % insured (estimated) | 52.50% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.92 million |
| Total Liabilities | $ 194.19 million |
| Shareholders’ Equity | $ 20.37 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 10.67 million |
| Total Interest Expense | $ 0.25 million |
| Net interest income | $ 10.42 million |
| Provision for loan and lease losses | $ 0.11 million |
| Total non interest income | $ 1.06 million |
| Total non interest expense | $ 5.38 million |
| Pre-tax Net Operating Income | $ 0.36 million |
Bank Loan Profile?
The top three loan types in The First National Bank and Trust Company of Miami’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Farm Loans.
Compared to other banks, The First National Bank and Trust Company of Miami’s loan portfolio does not show any specific loan specialty.
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 | 16.27 | ✓ | ||
| Multifamily Mortgages |
1.34 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 1.64 | ✓ | ||
| Small Business Loans | 11.62 | ✓ | ||
| Construction and Development Loans | 3.22 | ✓ | ||
| Commercial Real Estate | 17.33 | ✓ | ||
| Commercial and Industrial Loans | 4.69 | ✓ | ||
| Farm Loans | 12.09 | ✓ | ||
Customer Reviews for The First National Bank and Trust Company of Miami
Murph
January 12, 2023 |
so really, I know that 0 real shits are given but the chance at persuading even a single person would make this worth my while and granted everyone's experience is not the same.
I've been doing business with First National Bank here in Miami since I was 15, so 21 years. a four wheeler, a few car loans and a couple of home refinances which brings us to about 5 years ago. I was just coming out of a relationship and fell onto some difficult times so much so that a truck, which was through the dealership, had gotten repossessed as well as my credit score dropping drastically as to be expected. during this time I had made an effort to support our local bank, kept in contact even personally went in and talked to the VP about everything that was going on and the hardships that I had been going through all while still keeping up on my payments, aside from maybe 30 days late, but still put forth my best effort to stay in good standings with our local bank.
fast forward a few years
I had finally found light at the end of the tunnel and finances were being taken care of and so I made another appearance and spoke with the VP and still once again explained everything to him as well as having the money to pay off a loan that I had with them the entire time. I ask the VP what I could do to show good faith and he informed me that I could switch over to a secured loan, I'm guessing so they could collect interest on me rather than just paying off the loan, and so I did. approx 2 years later with my credit coming back up but still not that great I go in to try to get a loan for a $6000 truck for transportation and as expected I got denied because my score was too low. I can mildly understand that so okay. well 6 months later with a credit score that qualifies, I go in and ask for a loan on some commercial property, ask for around 30% less than the property is worth as well as my now wife on the application with me with a reasonable debt to income ratio and I get denied. after 20+ years of business and making sure I communicated while still managing to keep the local bank paid, I get denied. the property was worth approx 90,000 and I was asking for 65k plus they also wanted my home for collateral which would make it under 30% of the value and they came back and said that they could give me 40,000..... very aggravating so please consider this if you think that helping support a local business or more so First National Bank.
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