Question 1

What is First National Bank of Cooper?

Accepted Answer

First National Bank of Cooper is a community-focused national bank serving Delta County, Texas. With approximately $54 million in assets, the bank operates as a single-branch institution dedicated to meeting the financial needs of the rural agricultural community of Cooper and surrounding areas.

As a federally chartered commercial bank regulated by the Office of the Comptroller of the Currency (OCC), First National Bank of Cooper holds the dominant market position in Delta County with approximately 66% of local deposit market share. The bank is wholly owned by Cooper Lake Financial Corporation, a one-bank holding company.

Question 2

When was First National Bank of Cooper founded?

Accepted Answer

First National Bank of Cooper was founded in 1891, making it one of the oldest continuously operating banks in Delta County. The bank was established during a period of significant agricultural growth in the region, when Cooper was emerging as the market center for the newly organized Delta County.

The bank has served the community for over 130 years, weathering major economic challenges including the 1926 cotton crop failure that devastated the local economy and the Great Depression. The bank was notably rebuilt in 1909 and became a cornerstone of Cooper's financial stability during the early 20th century boom years.

Question 3

Where is First National Bank of Cooper headquartered?

Accepted Answer

First National Bank of Cooper is headquartered in Cooper, Texas, the county seat of Delta County. The bank's main office is located at 11 West Side Square in downtown Cooper, positioned prominently on the historic town square.

Cooper is situated approximately 24 miles southwest of Paris, Texas, in the northeastern region of the state.

Question 4

Where does First National Bank of Cooper operate?

Accepted Answer

First National Bank of Cooper operates exclusively in Delta County, Texas, serving the Cooper community and surrounding rural areas. The bank maintains a single full-service branch with drive-through banking facilities located on the town square in Cooper.

The bank's assessment area encompasses all three census tracts in Delta County, including the communities of Cooper, Pecan Gap, Klondike, Enloe, and Ben Franklin. According to FDIC data, 100% of the bank's deposits are received from within its local service area, demonstrating deep community ties.

Delta County is located on the eastern edge of the Dallas-Fort Worth metroplex, providing access to both rural agricultural communities and broader metropolitan markets.

Question 5

What services does First National Bank of Cooper offer?

Accepted Answer

First National Bank of Cooper provides a full range of traditional community banking services with a focus on:

Commercial Banking: Small business lending is the bank's primary lending strategy, supporting local agricultural operations, retail businesses, and service providers throughout Delta County.

Consumer Banking: Personal checking and savings accounts, consumer loans, and one-to-four-family residential real estate mortgages designed to meet local household needs.

Agricultural Lending: Specialized financing for farms and ranches, reflecting the bank's deep roots in Delta County's agricultural economy, which includes wheat, soybeans, corn, cotton production, and beef and dairy cattle operations.

Digital Banking: Online banking services and access to banking through the bank's website at www.fnbcooper.com, providing modern conveniences while maintaining personalized local service.

The bank offers both personal and business account options with competitive rates and terms suitable for a rural community banking environment.

Question 6

What makes First National Bank of Cooper unique?

Accepted Answer

Dominant Local Market Position: With approximately 66% deposit market share in Delta County, First National Bank of Cooper holds the highest market position among financial institutions in its service area, reflecting extraordinary community trust and loyalty built over more than 130 years.

Generational Community Partnership: The bank has served Cooper since 1891, predating many of the modern institutions in the area and maintaining continuous operations through multiple economic cycles, including the cotton crop failures of the 1920s and the Great Depression.

True Community Bank Model: Operating from a single location on the historic town square, the bank provides what it describes as "all the features and convenience of a big city bank but with that small, hometown personal service and feel." This hyper-local approach allows for personalized service and quick decision-making.

Agricultural Expertise: The bank has specialized knowledge of agricultural lending and rural community economics, essential for serving a county where 64% of land is devoted to crops and livestock operations remain a primary economic driver.

Strong Capital Position: The bank maintains a Tier 1 Leverage Ratio of approximately 13%, well above regulatory minimums, demonstrating financial strength and stability.

Question 7

What type of financial institution is First National Bank of Cooper?

Accepted Answer

First National Bank of Cooper is a National Bank, indicated by its formal charter name "The First National Bank in Cooper" and its federal charter number 13046 issued by the Office of the Comptroller of the Currency (OCC).

As a national bank, it operates under federal banking regulations and supervision by the OCC. The bank is a member of the Federal Reserve System and carries FDIC insurance, providing depositors with federal deposit insurance protection.

The bank also fits the classification of a Community Bank, with its single-branch operation, focus on relationship banking, local ownership through Cooper Lake Financial Corporation, and deep commitment to serving the credit needs of its immediate geographic area. With assets of approximately $54 million and just nine employees, it exemplifies the small community bank model focused on personalized service and local economic development.

Question 8

What is First National Bank of Cooper's Community Reinvestment Act performance?

Accepted Answer

First National Bank of Cooper received a "Satisfactory" rating in its most recent Community Reinvestment Act (CRA) evaluation completed by the Office of the Comptroller of the Currency in January 2023.

The OCC evaluation found that the bank exhibits reasonable geographic distribution of loans throughout Delta County and reasonable distribution of loans to individuals of different income levels. The bank's lending strategy successfully focuses on small business lending while also promoting consumer lending and residential real estate loans to meet community needs.

According to the CRA evaluation, the bank demonstrates good performance in serving its assessment area, with particular success in lending to moderate-income borrowers. Local community contacts indicated that financial institutions, including First National Bank of Cooper, actively participate in meeting the financial needs of the community.

The bank received no consumer complaints regarding its CRA performance during the evaluation period.

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