The First State Bank
Camargo, OK · Owner: Camargo Financial Co Inc
$44.5M
total assets, December 31, 2010
$44.5M
total assets, December 31, 2010
The First State Bank was a state nonmember bank in Camargo, OK, owned by Camargo Financial Co Inc. It failed on Jan 28, 2011, and Bank 7 took over its deposits. At its last report it held $44.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Jan 28, 2011
- Assets
- $44.5M
- Deposits
- $41.2M
- Estimated cost
- $33.6M
- Deposits went to
- Bank 7, Oklahoma City, OK
Total assets
$44.5M
+16.0% in a year · +2.4% in a quarter
Deposits
$41.2M
+16.5% in a year · +2.5% in a quarter
Loans
$35.8M
+8.7% in a year · -0.6% in a quarter
Profit so far
$754K
Jan 1 to Dec 31, 2010 · -0.4% in a year
Capital ratio
7.12%
-0.66 pts in a year
Return on assets
1.83%
-0.37 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1001 Main Street, Camargo, OK, 73835
- County
- Dewey
- Holding company
- Camargo Financial Co Inc
- Established
- Sep 29, 1911
- Failed
- Jan 28, 2011
- Employees
- 8
- Branches
- 1
- Id
- b2303
Quarter by quarter
March 31, 1984 to December 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The First State Bank?
$44.5 million in total assets and $41.2 million in deposits as of December 31, 2010, with assets up 16.0% from a year before. Its loans were $35.8 million.
How many branches does The First State Bank have?
1 branch in Oklahoma as of June 30, 2026.
Is The First State Bank profitable?
Yes: it earned $754,000 from January 1 to December 31, 2010 (down 0.4% from the same months a year before). Its return on assets was 1.83% a year; about 1% is typical.
Who owns The First State Bank?
The First State Bank is owned by Camargo Financial Co Inc, its holding company.
When did The First State Bank fail?
Jan 28, 2011. Bank 7 of Oklahoma City, OK took over its deposits. The estimated cost of the failure was $33.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.