Security First National Bank of Hugo

Location
Oklahoma, Choctaw County, Hugo
100 South Broadway 74743, OK

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Security First National Bank of Hugo

EstablishedJan 1930
Number of domestic offices2
Websitehttp://www.sfnb.net
Agriculture bank

About Security First National Bank of Hugo

Security First National Bank has proudly served the community for over 75 years and has been meeting the financial needs of families for many generations.

The first stockholder's meeting of Security State Bank was held on December 27, 1929 and the bank opened its doors for the first time on January 7, 1930. The first employees were as follows: J.M. Cecil - President, R.C. Newton - Vice President, Jake Cobb, Dale Eddleman, and Lucy Edinger. In 1933 R.C. Newton was elected bank president. At that time, the president was authorized to make loans up to $75.00 and any loans over that amount had to be approved by the discount committee or brought before the Board of Directors.

In 1933 the total budget expense was a mere $7,960.35. The president's annual salary was $1,800, which broke down to $150 a month. The remaining employees made anywhere from $420 to $1,680 a year. In the following year of 1934, Security State Bank declared and paid its first dividend at 3%.

In April 1937, bank deposits were first insured by the Federal Deposit Insurance Corporation (FDIC) to a maximum of $5,000. Ten years later, in 1947, Security State Bank was authorized to commence business by the National Banking Association, as Security First National Bank of Hugo, Oklahoma.

Main Office
100 South Broadway
Hugo, OK 74743

Phone: (580)-326-9641
Toll Free: (888)-326-9641
Fax: (580)-326-5477
TeleBank: (888)-653-9568

Lobby Hours
M-F 9:00am - 4:00pm
Drive-Up Hours
M-F 8:00am - 5:00pm

Financial information

Total assets$110M
Net income$1M
Net income, quarterly$0M
Total deposits$85M
Domestic deposits$85M
Equity capital$9M
ROA1.63%
ROAQ, quarterly1.52%
ROA, pretax1.52%
ROAQ, quarterly, pretax2.41%
ROE20.04%
ROEQ, quarterly18.38%
UpdatedFeb 08, 2018

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.