ACB Bank in Cherokee, Oklahoma (OK)

Overview, Financial Summary, Detailed Financial Reports, Branches

• ACB Bank in Cherokee, Oklahoma (OK)

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ACB Bank routing number info

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ACB Bank – Overview

• General
• FDIC Certificate #: 4061
  Status: Active
  Federal Reserve ID: 266253
  Bank Holding Company (Regulatory Top Holder): Alfalfa County Bancshares, Inc. (RSSDID: 1055708, Location: Cherokee, OK)
  Date Established: January 29, 1908
  WWW: http://www.acbbankonline.com
  Trust Powers Granted: No
  Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
  Offices: 3 (Domestic: 3, Interstate: No)
  OTS Docket #: 13760
  FDIC’s unique #: 2636
  Numeric code: 21
  Regulator: FDIC
  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: Yes
  Subchapter S Corporations: Yes
  Asset Concentration Hierarchy: Agricultural Specialization
  Date of Deposit Insurance: January 01, 1934
  Last Structure Change Effective Date: September 22, 2006
  Last Structure Change Process Date: October 05, 2006
  Last Data Update: October 05, 2006
  Data Source Date: April 05, 2012
• Location
• Address: 323 S Grand Street, Cherokee, OK 73728
  County: Alfalfa
  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
• Office Purchased
• Financial Summary
• Total assets: $69.0 mil
  Equity capital: $6.2 mil
  Deposits held in domestic offices: $55.4 mil
  Return on assets (ROA): 1.32% ($0.9 mil)
  Quarterly return on assets: 0.16% ($0.1 mil)
  Return on Equity (ROE): 16.01% ($1.0 mil)
  Quarterly return on equity: 1.72% ($0.1 mil)
  Net income: $0.9 mil
  Quarterly Net income: $0.0 mil
  Pretax return on assets: 1.34% ($924.1 mil)
  Quarterly Pretax return on assets: 0.16% ($110.3 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

• 18

  Total employees (full-time equivalent)

• $68,961

  Total assets

• $1,353

  Cash and due from depository institutions

• $9

  Interest-bearing balances

• $19,236

  Securities

• $0

  Federal funds sold & reverse repurchase agreements

• $43,187

  Net loans & leases

• $999

  Loan loss allowance

• $0

  Trading account assets

• $1,363

  Bank premises and fixed assets

• $761

  Other real estate owned

• $67

  Goodwill and other intangibles

• $68,961

  Life insurance assets

• $2,994

  All other assets

• $62,732

  Total liabilities and capital

• $55,399

  Total liabilities

• $45,493

  Total deposits

• $55,399

  Interest-bearing deposits

• $87

  Deposits held in domestic offices

• 0.00%

  % insured (estimated)

• $0

  Federal funds purchased & repurchase agreements

• $7,058

  Trading liabilities

• $0

  Other borrowed funds

• $275

  Subordinated debt

• $6,229

  All other liabilities

• $6,229

  Total equity capital

• $6,229

  Total bank equity capital

• $0

  Perpetual preferred stock

• $300

  Common stock

• $2,667

  Surplus

• $3,262

  Undivided profits

• Memoranda

• $0

  Noncurrent loans and leases

• $0

  Noncurrent loans that are wholly or partially guaranteed by the U.S. government

• $2,859

  Income earned, not collected on loans

• $2,197

  Earning assets

• $775

  Long-term assets (5+ years)

• $62,432

  Average Assets, year-to-date

• $26,949

  Average Assets, quarterly

• $68,816

  Volatile liabilities

• $68,533

  Insider loans

• $46,633

  FHLB advances

• $67,984

  Loans and leases held for sale

• $1,383

  Unused loan commitments

• $1,383

  Tier 1 (core) risk-based capital

• $5,778

  Tier 2 risk-based capital

• $0

  Total risk weighted assets

• $0

  Total unused commitments

• $6,671

  Restructured Loans and leases

• $9

  Derivatives

Income and Expense (December 31, 2011)

• Dollar figures in thousands

• $3,442

  Total interest income

• $743

  Total interest expense

• $2,699

  Net interest income

• $190

  Provision for loan and lease losses

• $136

  Total noninterest income

• $0

  Fiduciary activities

• $351

  Service charges on deposit accounts

• $0

  Trading account gains & fees

• -$215

  Additional noninterest income

• $1,828

  Total noninterest expense

• $862

  Salaries and employee benefits

• $189

  Premises and equipment expense

• $777

  Additional noninterest expense

• $817

  Pre-tax net operating income

• $102

  Securities gains (losses)

• $13

  Applicable income taxes

• $906

  Income before extraordinary items

• $0

  Extraordinary gains – net

• $906

  Net income attributable to bank

• $0

  Net charge-offs

• $906

  Cash dividends

• -$13

  Sale, conversion, retirement of capital stock, net

• $100

  Net operating income

Performance and Condition Ratios (December 31, 2011)

• Dollar figures in thousands

• Performance Ratios (%, annualized)

• 5.55%

  Yield on earning assets

• 1.20%

  Cost of funding earning assets

• 4.35%

  Net interest margin

• 0.22%

  Noninterest income to earning assets

• 2.95%

  Noninterest expense to earning assets

• 1.17%

  Net operating income to assets

• 1.32%

  Return on assets (ROA)

• 1.34%

  Pretax return on assets

• 16.01%

  Return on equity (ROE)

• 14.25%

  Retained earnings to average equity (YTD only)

• -0.03%

  Net charge-offs to loans

• -1461.54%

  Credit loss provision to net charge-offs

• 0.00%

  Efficiency ratio

• 62,892

  Assets per employee

• 3.83%

  Cash dividends to net income (YTD only)

• Condition Ratios (%)

• 11.04%

  Loss allowance to loans

• 2.26%

  Loss allowance to noncurrent loans

• 34.94%

  Noncurrent assets plus other real estate owned to assets

• 5.25%

  Noncurrent loans to loans

• 6.47%

  Net loans and leases to deposits

• 77.96%

  Net loans and leases to core deposits

• 87.68%

  Equity capital to assets

• 9.03%

  Core capital (leverage) ratio

• 8.50%

  Tier 1 risk-based capital ratio

• 12.39%

  Total risk-based capital ratio

• Memoranda

• $14

  Average assets

• $68,816

  Average earning assets

• $5,658

  Average equity

• $62,064

  Average loans

List of branches

• 3 Oklahoma Branches as of April 05, 2012

NoIDNameAddressEstablishedService TypeMap
02636Acb Bank323 S Grand Street, Cherokee, OK 73728January 29, 1908Full Service Brick and Mortar

1362029Waukomis Branch100 N Main Street, Waukomis, OK 73773September 17, 2001Full Service Brick and Mortar

21548Garber Branch323 Main Street, Garber, OK 73738January 01, 1907Full Service Brick and Mortar

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