Failed Bank List

Closed Friday, June 8, 2012 · Kingfisher, Kingfisher County, Oklahoma

First Capital Bank

First Capital Bank's founding in 1902 put it past its 100th year when it closed. Its assets had shrunk 65% from their peak in the fourth quarter of 2008 by the last report before closing. Equity capital was below zero at its last report.

On the books, 2004 to 2012

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$40M$80M$120M$160M2005200620072008200920102011Closed
Total assets peaked at $127 million. Equity capital had covered 8.2% of assets in the second quarter of 2004. By then 23% of its loans were 90 days or more past due or no longer accruing interest. It reported a net loss in three of its final nine reporting years. The deepest annual loss, $7.0 million, was booked in 2011.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$8M−$8M2004: $1.6 million20047.3%2005: $2.0 million20056.9%2006: $517 thousand20066.4%2007: $1.5 million20078.1%2008: $2.7 million20087.3%2009: $1.1 million20097.8%2010: −$905 thousand20107.1%2011: −$7.0 million20113.0%2012: −$2.3 million2012*neg.
* 2012: January to March only, the last report before closing.

Size against the other 2012 failures

Total assets of the 51 banks that failed in 2012, log scale$10M$100M$1B$10B
Total assets of each 2012 failure, log scale; First Capital Bank in red.

By assets it ranked 47th of the 51 failures in 2012. Within Oklahoma it ranks 59th by size of the 171 failures recorded since 1934. Across the failures of 2012, the median estimated loss came to 21% of assets. In the size ranking of that year, just above it was Fort Lee Federal Savings Bank, FSB of Fort Lee, New Jersey ($48.9 million, loss 24% of assets); just below, Farmers' and Traders' State Bank of Shabbona, Illinois ($43.1 million, loss 24% of assets). Every 2012 failure in the explorer.

Three other banks closed that day; the largest was Waccamaw Bank of Whiteville, North Carolina, at $533 million.

Failures in Oklahoma

No other Oklahoma bank failed in 2012. The previous failure there was First National Bank of Davis of Davis, on March 11, 2011. The next was The Bank of Union of El Reno, on January 24, 2014. Kingfisher County has 5 failed banks on FDIC record since 1934. The others: The Farmers and Merchants National Bank of Hennessey (1985), Cashion Community Bank (1988), Kingfisher Federal Savings and Loan Association (1988), Chisholm Federal Savings and Loan Association (1991).

Bank failures in Oklahoma per year, 1980 to 20260102030401982: 21983: 11984: 51985: 131986: 171987: 361988: 341989: 201990: 121991: 81992: 22009: 12010: 12011: 22012: 12014: 22024: 119801990200020102020
Per year since 1980, 2012 in red. Every Oklahoma failure

FDIC certificate 416 · loss estimate as of July 31, 2026 · How to read this page