Oklahoma Ranks High in Profitable Community Banks

Article excerpt

Republic Bank of Norman was again listed as one of the nation's most profitable small community banks, helping to boost Oklahoma into the position of having more banks represented in the top 100 than any other state.

Fifteen Sooner banks were included on the list published in the June 4 issue of American Banker. Small community banks were defined as those with up to $50 million in assets.

It was the second year in a row that Oklahoma had more banks listed than any other state. The state that came closest to Oklahoma was Colorado, which had 11 banks on the list.

Republic, with assets of $35 million at the end of 1991, was ranked fourth in the nation. Its return on average assets was 3.25 percent for 1991, and its return on average equity was 28.3 percent.

Republic was ranked No. 1 in last year's American Banker list, with a return on average assets of 3.6 percent for 1990.

The first three positions on the 1992 list were held by two Colorado banks, followed by a North Carolina bank.

Oklahoma also had a strong presence on the list for the most profitable large community banks, defined as those with between $50 million and $500 million in assets. The state had five banks included there, including one that placed in the top 10.

The First State Bank of Harrah was listed as the seventh most profitable, with a return on average assets of 2.94 percent for 1991. The bank's ratio had increased significantly in 1991 from 1.32 percent in 1990, according to the report. It also had a return on average equity of 38.6 percent. The bank had assets of $94.6 million.

Other banks included on the small community bank list and their return on average assets for 1991 were: Bank of Commerce in Chouteau, 2.39 percent, ranked 27th; First National Bank in Lindsay, 2.38 percent, ranked 29th; First National Bank in Okeene, 2.37 percent, ranked 30th; Meno Guaranty Bank in Meno, 2.35 percent, ranked 33rd; Bank of Locust Grove, 2.31 percent, ranked 38th; Bank of Union in Union City, 2.18 percent, ranked 52nd; Hopeton State Bank in Hopeton, 2.14 percent, ranked 59th; First Bank Trust Co. of Fort Gibson, 2.139 percent, ranked 60th; First National Bank of Konawa, 2.12 percent, ranked 63rd; First Bank of Apache, 2.1 percent, ranked 67th; The Bank of Commerce in McLoud, 2.09 percent, ranked 70th; The Okemah National Bank, 2.05 percent, ranked 80th; Farmers and Merchants National Bank in Fairview, 1.99 percent, ranked 89th; and First State Bank in Gould, 1.98 percent, ranked 94th.

Other banks included on the large community bank list and their return on average assets for 1991 were: Alva State Bank Trust Co., 2.3 percent, ranked 21st; Sand Springs State Bank, 2.08 percent, ranked 50th; Central National Bank in Alva, 2.02 percent, ranked 62nd; and First Bank Trust Co. of Duncan, 1.9 percent, ranked 87th. . . Bank of Oklahoma NA has appointed the following:

JoHelen Beene to vice presidentust officer. She worked in the corporate trust department from 1981 to 1984 and returned to the bank as assistant vice president in 1990 after working for Seattle First National Bank. Beene is one of three certified corporate trust specialists in Oklahoma.

Diane Jenkins to vice presidentust officer. She joined the bank in 1985 as corporate trust administrator and was promoted to assistant vice president in 1989.

B. Kent Duckworth to vice presidentust officer for personal services at BancOklahoma Trust Co. Before joining the bank, he was branch manager of MML Investors Services Inc. of Oklahoma City.

Shirley Downey to vice president at the bank's new Northwest Banking Center, 3535 NW 58th St. Downey joined the bank in March from Founders Bank and Trust Co., where she was vice president of professional and executive lending.

The bank also announced that Marcia Estes earned the professional designation of Certified Employee Benefit Specialist. …