The First National Bank and Trust Company of Miami

Headquarters

2 N Main St
Miami, OK 74354
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Murph | January 12, 2023 |

so really, I know that 0 real shits are given but the chance at persuading even a single person would make this worth my while and granted everyone's experience is not the same.
I've been doing business with First National Bank here in Miami since I was 15, so 21 years. a four wheeler, a few car loans and a couple of home refinances which brings us to about 5 years ago. I was just coming out of a relationship and fell onto some difficult times so much so that a truck, which was through the dealership, had gotten repossessed as well as my credit score dropping drastically as to be expected. during this time I had made an effort to support our local bank, kept in contact even personally went in and talked to the VP about everything that was going on and the hardships that I had been going through all while still keeping up on my payments, aside from maybe 30 days late, but still put forth my best effort to stay in good standings with our local bank.
fast forward a few years
I had finally found light at the end of the tunnel and finances were being taken care of and so I made another appearance and spoke with the VP and still once again explained everything to him as well as having the money to pay off a loan that I had with them the entire time. I ask the VP what I could do to show good faith and he informed me that I could switch over to a secured loan, I'm guessing so they could collect interest on me rather than just paying off the loan, and so I did. approx 2 years later with my credit coming back up but still not that great I go in to try to get a loan for a $6000 truck for transportation and as expected I got denied because my score was too low. I can mildly understand that so okay. well 6 months later with a credit score that qualifies, I go in and ask for a loan on some commercial property, ask for around 30% less than the property is worth as well as my now wife on the application with me with a reasonable debt to income ratio and I get denied. after 20+ years of business and making sure I communicated while still managing to keep the local bank paid, I get denied. the property was worth approx 90,000 and I was asking for 65k plus they also wanted my home for collateral which would make it under 30% of the value and they came back and said that they could give me 40,000..... very aggravating so please consider this if you think that helping support a local business or more so First National Bank.


2024 Overview

General Bank Information

The First National Bank and Trust Company of Miami is an FDIC insured institution located in Miami, OK. It was founded in 1900 and has approximately $0.21 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 4148
Date Established 1900
Assets $ 209.66 million
Loans $ 107.42 million
Deposits $ 185.99 million
Capital $ 22.11 million
 

For a more detailed analysis of The First National Bank and Trust Company of Miami's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 14, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 14, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for The First National Bank and Trust Company of Miami

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375%
0.88 points
$4,010 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.865% 6.750%
1.00 points
$3,775 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
Veterans United Home Loans
NMLS ID: 1907

points
fees
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 9.250 %
After Intro: 9.250 %
$0 Learn More
More Info

Note to The First National Bank and Trust Company of Miami
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Branches

The First National Bank and Trust Company of Miami branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


The First National Bank and Trust Company of Miami Locations around zip code 43085




Climate Policy and Initiatives

The First National Bank and Trust Company of Miami is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

The First National Bank and Trust Company of Miami Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank and Trust Company of Miami. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The First National Bank and Trust Company of Miami U.S. Bank Average
0.07% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, The First National Bank and Trust Company of Miami had $1,000 in non-current loans and $15,000 in owned real estate. To cover these potential losses it had $22,107,000 in equity and $1,247,000 in loans loss reserves. That gives it a Texas Ratio of 0.07%.

Return on Equity
The First National Bank and Trust Company of Miami U.S. Bank Average
26.99% 10.46%

The First National Bank and Trust Company of Miami has a Return on Equity of 26.99% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The First National Bank and Trust Company of Miami U.S. Bank Average
10.54% 10.84%

The First National Bank and Trust Company of Miami has a Capitalization of 10.54% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The First National Bank and Trust Company of Miami Balance Sheet Analysis

As of June 30, 2024, The First National Bank and Trust Company of Miami had assets of $209,663,000, loans of $107,422,000, and deposits of $185,988,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 19.43 million
Interest-bearing balances $ 7.94 million
Total securities $ 70.06 million
Federal funds sold and reverse repurchase $ 4.96 million
Net loans and leases $ 107.42 million
Loan loss allowance $ 1.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles $ 1.13 million
All other assets $ 4.18 million
     Total Assets $ 187.56 million
LIABILITIES
Total deposits $ 185.99 million
      Interest-bearing deposits $ 113.43 million
      Deposits held in domestic offices $ 185.99 million
      % insured (estimated) 50.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.92 million
      Total Liabilities $ 187.56 million
      Shareholders’ Equity $ 22.11 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 6.07 million
Total Interest Expense $ 0.12 million
Net interest income $ 5.95 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.53 million
Total non interest expense $ 2.76 million
Pre-tax Net Operating Income $ 0.36 million

Bank Loan Profile?

The top three loan types in The First National Bank and Trust Company of Miami’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks, The First National Bank and Trust Company of Miami’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.95
Multifamily
Mortgages
1.23
Credit Card Loans 0.00
Consumer Auto Loans 1.51
Small Business Loans 10.74
Construction and Development Loans 2.96
Commercial Real Estate 15.92
Commercial and Industrial Loans 4.31
Farm Loans 11.11

Customer Reviews for The First National Bank and Trust Company of Miami


  • January 12, 2023 |

    so really, I know that 0 real shits are given but the chance at persuading even a single person would make this worth my while and granted everyone's experience is not the same.
    I've been doing business with First National Bank here in Miami since I was 15, so 21 years. a four wheeler, a few car loans and a couple of home refinances which brings us to about 5 years ago. I was just coming out of a relationship and fell onto some difficult times so much so that a truck, which was through the dealership, had gotten repossessed as well as my credit score dropping drastically as to be expected. during this time I had made an effort to support our local bank, kept in contact even personally went in and talked to the VP about everything that was going on and the hardships that I had been going through all while still keeping up on my payments, aside from maybe 30 days late, but still put forth my best effort to stay in good standings with our local bank.
    fast forward a few years
    I had finally found light at the end of the tunnel and finances were being taken care of and so I made another appearance and spoke with the VP and still once again explained everything to him as well as having the money to pay off a loan that I had with them the entire time. I ask the VP what I could do to show good faith and he informed me that I could switch over to a secured loan, I'm guessing so they could collect interest on me rather than just paying off the loan, and so I did. approx 2 years later with my credit coming back up but still not that great I go in to try to get a loan for a $6000 truck for transportation and as expected I got denied because my score was too low. I can mildly understand that so okay. well 6 months later with a credit score that qualifies, I go in and ask for a loan on some commercial property, ask for around 30% less than the property is worth as well as my now wife on the application with me with a reasonable debt to income ratio and I get denied. after 20+ years of business and making sure I communicated while still managing to keep the local bank paid, I get denied. the property was worth approx 90,000 and I was asking for 65k plus they also wanted my home for collateral which would make it under 30% of the value and they came back and said that they could give me 40,000..... very aggravating so please consider this if you think that helping support a local business or more so First National Bank.


Add Your Review


or use your BestCashCow account

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