Security First National Bank of Hugo, Hugo Branch

Oklahoma, Choctaw County, Hugo
1907 East Jackson Street 74743, OK
Phone 580-326-9641

Banks near Security First National Bank of Hugo, Hugo Branch

0.9 mi.
BancFirst, Hugo Branch
Oklahoma, Choctaw County, Hugo
101 East Jackson Street, OK, 74743
Security First National Bank of Hugo
0.9 mi.
Security First National Bank of Hugo, Security First National Bank Of Hugo
Oklahoma, Choctaw County, Hugo
100 South Broadway, OK, 74743
McCurtain County National Bank
23.0 mi.
McCurtain County National Bank, Valliant Branch
Oklahoma, McCurtain County, Valliant
101 West Wilson Street, OK, 74764
First State Bank
23.1 mi.
First State Bank
Oklahoma, McCurtain County, Valliant
Dalton Avenue And Harris Street, OK, 74764
The Community State Bank
57.2 mi.
The Community State Bank, Talihina Branch
Oklahoma, Le Flore County, Talihina
902 Dallas St, OK, 74571
Spiro State Bank
57.2 mi.
Spiro State Bank, Talihina Branch
Oklahoma, Le Flore County, Talihina
408 Dallas Street, OK, 74571
Latimer State Bank
63.6 mi.
Latimer State Bank
Oklahoma, Latimer County, Wilburton
301 West Main Street, OK, 74578
The Community State Bank
63.8 mi.
The Community State Bank, Wilburton Branch
Oklahoma, Latimer County, Wilburton
1207 North Highway 2, OK, 74578

Security First National Bank of Hugo

EstablishedJan 1930
Number of domestic offices2
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
ROAQ, quarterly1.52%
ROA, pretax1.52%
ROAQ, quarterly, pretax2.41%
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.