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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 0.98%, down 54 bps year over year; NIM at 2.92%.
  • 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 (YTD, annualized)

0.98%-54 bps YoY

Net Interest Margin (YTD, annualized)

2.92%-49 bps YoY

Efficiency Ratio (YTD, annualized)

58.89%+87 bps YoY

Tier 1 Leverage Ratio

18.59%-66 bps YoY

NIM

3.41%Q3 ’224.93%Q3 ’235.55%Q3 ’24+8%-14%

Non-interest income vs. expense

1.87%Q3 ’222.13%Q3 ’231.82%Q3 ’24+9%-12%

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets1.06%1.95%1.76%1.51%1.29%1.30%1.17%0.98%-54 bps
Return on Equity6.10%11.69%10.64%9.22%8.04%8.46%7.39%6.05%-316 bps
Net Interest Margin3.23%3.47%4.00%3.40%3.51%3.09%2.98%2.92%-49 bps
Efficiency Ratio59.22%59.01%57.79%58.02%59.51%51.66%53.53%58.89%+87 bps
Non-Interest Burden1.85%1.95%2.21%1.86%2.00%1.50%1.50%1.64%-22 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