PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank in Okeene

Okeene, OK · Cert 4161

FDIC · 1 branch

Q3 2024

$84.2MAssets
$37.1MLoans
$61.3MDeposits
$14.3MEquity
Loan mix
50%RE $6.0M50%C&I $6.0M1%Consumer $0.1MQ4 2022Q3 2024
Deposit mix
84%Interest-bearing $51.4M16%Noninterest $9.9MQ4 2022Q3 2024

Executive Summary

  • Earnings: ROA of 0.60%, down 40 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.10% of loans (+10 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.59%, down 66 bps from a year ago.
  • Funding: loans stand at 60.45% of deposits as of Q3 2024.

Return on Assets (quarter, annualized)

0.60%-40 bps YoY

Net Interest Margin (quarter, annualized)

2.83%+18 bps YoY

Efficiency Ratio (quarter, annualized)

70.13%+1,149 bps YoY

Tier 1 Leverage Ratio

18.59%-66 bps YoY

NIM

3.42%Q3 ’224.73%Q3 ’235.37%Q3 ’24-16%+7%

Non-interest income vs. expense

1.87%Q3 ’221.77%Q3 ’232.11%Q3 ’24-17%+38%

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.96%1.95%1.56%1.01%0.69%1.30%1.04%0.60%-40 bps
Return on Equity5.55%11.69%9.53%6.24%4.52%8.46%6.35%3.58%-266 bps
Net Interest Margin3.49%3.47%4.53%2.66%3.94%3.09%2.72%2.83%+18 bps
Efficiency Ratio67.22%59.01%56.85%58.63%63.59%51.66%55.76%70.13%+1,149 bps
Non-Interest Burden2.30%1.95%2.47%1.40%2.50%1.50%1.44%1.94%+53 bps
Growth
Asset Growth (YoY)-10.86%0.08%10.82%15.80%18.38%4.46%1.25%5.43%-1,037 bps
Loan Growth (YoY)-22.71%-16.17%8.83%6.71%22.36%8.94%5.25%16.49%+978 bps
Deposit Growth (YoY)-13.86%-7.87%-5.90%6.91%6.25%4.43%9.07%1.15%-576 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%4.00%0.00%0.00%0.11%0.00%0.10%+10 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans3.25%1.36%1.38%1.36%1.09%1.25%1.31%1.17%-19 bps
Allowance Coverage of NPLsn/an/a0.3xn/an/a11.7xn/a12.1xn/a
Capital
Tier 1 Leverage Ratio20.36%19.52%20.06%19.25%18.22%17.40%18.53%18.59%-66 bps
Total Risk-Based Capital27.41%26.96%26.87%27.50%23.19%26.14%29.17%28.81%+131 bps
Equity / Assets17.01%16.43%16.36%15.84%14.77%15.97%16.76%17.03%+120 bps
Liquidity & Funding
Loans / Deposits55.15%52.95%56.58%52.50%63.50%55.24%54.60%60.45%+796 bps
Liquid Assets / Assets9.26%11.04%12.96%13.88%12.23%11.15%11.02%9.56%-432 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a