Bear State Bank (merged into Arvest Bank)
Bear State Bank reported total assets of $2.1 bn at Q1 2018, its last Call Report before it merged into Arvest Bank. The CET1 capital ratio at Bear State Bank was 12.47%, and the uninsured share of Bear State Bank was 14.56%. Source: FDIC Call Reports.
What sets Bear State Bank apart
Nothing in the latest data sets Bear State Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Bear State Bank?
The balance sheet of Bear State Bank at : assets $2.1 bn, deposits $1.4 bn, net loans $1.6 bn (loans equal to 113.26% of deposits). Securities make up 10.8% of total assets at Bear State Bank. Since , when Bear State Bank held $1.9 bn, its assets grew 10.5%. In the year to , deposits at Bear State Bank fell 14.4% while its total assets fell 2.4%. At , Bear State Bank employed 381 full-time equivalent staff across 44 offices, about $5.6 mn of assets per employee and $32.5 mn of deposits per office.
How much funding at Bear State Bank is uninsured?
At Bear State Bank, uninsured deposits (above the FDIC limit) made up 14.56% of domestic deposits at (-5.31 pp on a year earlier). In dollars, Bear State Bank estimated $208.3 mn of uninsured deposits.
Key facts, Q1 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.4 bn | $1.7 bn (Q1 2017) | |
| Net loans and leases | $1.6 bn | $1.6 bn (Q1 2017) | |
| Loan-to-deposit ratio | 113.26% | 97.26% (Q1 2017) | |
| Tier 1 leverage ratio | 10.48% | 9.83% (Q1 2017) | |
| Total risk-based capital ratio | 13.56% | 12.16% (Q1 2017) | |
| Net interest margin | 3.91% | 4.05% (Q1 2017) | |
| Return on assets (ROA) | 1.45% | 1.11% (Q1 2017) | |
| Efficiency ratio | 50.57% | 55.13% (Q1 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1.1 mn | Narrowed by $630,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.7 mn | Widened by $975,000 | |
| Noncurrent loans to total loans | 1.04% | 1.14% (Q1 2017) | |
| Net charge-offs to average loans | 0.06% | 0.03% (Q1 2017) |
US rank of Bear State Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Bear State Bank: assets, deposits and loans
- Total assets $2.1bn
- Deposits $1.4bn
- Net loans $1.6bn
Capital and securities
The CET1 ratio of Bear State Bank stood at 12.47% in , +1.25 pp year on year. Low and high at Bear State Bank since : 11.22% () to 12.47% (). Equity capital of Bear State Bank at : $266.5 mn, or 12.6% of total assets. Bear State Bank also reported a total capital ratio of 13.56% for , and a tier 1 leverage ratio of 10.48%.
On held-to-maturity securities, Bear State Bank carried an unrealized loss of $1.1 mn at , equal to 0.4% of equity capital. The loss narrowed by $630,000 over the year. Its deepest point: $1.9 mn in . The available-for-sale portfolio of Bear State Bank showed an unrealized loss of $2.7 mn at ; the loss widened by $975,000 over the year.
Bear State Bank: capital ratios
- Total capital 14%
- CET1 12%
- Tier 1 leverage 10%
Bear State Bank: unrealized securities gains and losses
- Available for sale -$3mn
- Held to maturity -$1mn
Profitability and loan quality
For the year to , Bear State Bank earned a return on equity of 11.70%; return on assets: 1.45%. Net interest margin at Bear State Bank: 3.91%, -0.14 pp in a year. Bear State Bank net income: $7.7 mn, up 32.1% year on year. The efficiency ratio of Bear State Bank was 50.57%: about 51 cents cost per revenue dollar, against 85 cents at the median peer.
At , noncurrent loans were 1.04% of total loans at Bear State Bank; net charge-offs: 0.06% of average loans. Gross loans and leases at Bear State Bank: $1.6 bn at , against $1.6 bn at .
Bear State Bank: profitability
- Return on equity 12%
- Net interest margin 3.9%
- Return on assets 1.4%
Peer group of Bear State Bank
The peer group of Bear State Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Bear State Bank (state member bank) and 0 have head offices in Arkansas. Against them, Bear State Bank shows CET1 ratio 12.47% against a peer median of 13.88%, return on equity 11.70% against a peer median of 3.57% and uninsured deposit share 14.56% against a peer median of 21.05%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Summit Community Bank, Inc | State nonmember bank | WV | $2.1 bn | 11.73% | 14.14% | 14.09% | |
| Fidelity Bank | National bank | KS | $2.1 bn | 11.89% | 2.42% | 32.47% | |
| Howard Bank | State nonmember bank | MD | $2.1 bn | 10.25% | -10.70% | 26.82% | |
| Bear State Bank | State member bank | AR | $2.1 bn | 12.47% | 11.70% | 14.56% | |
| Gate City Bank | Federal savings bank | ND | $2.1 bn | 15.86% | 4.12% | 6.97% | |
| Citizens First Bank | State nonmember bank | FL | $2.1 bn | 19.38% | 14.84% | 22.29% | |
| Needham Bank | State member bank | MA | $2.1 bn | 16.66% | 3.02% | 19.82% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bear State Bank, to : assets $2.0 bn to $2.1 bn, deposits $1.6 bn to $1.4 bn, equity $246.8 mn to $266.5 mn. Staff 508 to 381; offices 51 to 44.
| Metric | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.0 bn | $2.0 bn | $2.1 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.1 bn |
| Total deposits | $1.6 bn | $1.7 bn | $1.6 bn | $1.7 bn | $1.7 bn | $1.6 bn | $1.5 bn | $1.4 bn |
| Bank equity capital | $246.8 mn | $250.0 mn | $250.2 mn | $248.5 mn | $254.7 mn | $259.2 mn | $262.8 mn | $266.5 mn |
| CET1 ratio | 12.08% | 12.24% | 12.10% | 11.22% | 11.43% | 11.38% | 11.88% | 12.47% |
| Return on equity (ROE) | 7.26% | 7.75% | 7.85% | 9.39% | 10.28% | 10.02% | 9.62% | 11.70% |
| Uninsured share of domestic deposits | 17.69% | 17.98% | 18.13% | 19.88% | 22.64% | 19.26% | 16.71% | 14.56% |
| Full-time equivalent employees | 508 | 482 | 484 | 437 | 443 | 434 | 394 | 381 |
| Number of offices | 51 | 50 | 50 | 46 | 44 | 44 | 44 | 44 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bear State Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Metropolitan National Bank (FDIC certificate 24311).
- . Merged into Arvest Bank (FDIC certificate 8728).
Questions and identifiers
What were the total assets of Bear State Bank?
Bear State Bank reported $2.1 bn at in its Call Report.
Is Bear State Bank the same as its holding company?
No. This page covers Bear State Bank, FDIC certificate 3857; BEAR ST FINL HOLDINGS LLC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bear State Bank profitable?
Bear State Bank reported net income of $7.7 mn for the year to ; annualized return on equity: 11.70%. So yes: Bear State Bank made a profit over these months.
When is data for Bear State Bank next updated?
Bear State Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Bear State Bank?
In the FDIC BankFind Suite record for certificate 3857, and in the Call Reports of Bear State Bank (RSSD ID 324649) at the FFIEC Central Data Repository.