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Arvest Bank September 21, 2015 Performance Evaluation

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Arvest Bank September 21, 2015 Performance Evaluation PUBLIC DISCLOSURE September 21, 2015 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Arvest Bank RSSD# 311845 75 North East Street Fayetteville, Arkansas 72702 Federal Reserve Bank of St. Louis P.O. Box 442 St. Louis, Missouri 63166-0442 NOTE: This document is an evaluation of this institution’s record of meeting the credit needs of its entire community, including low- and moderate- income neighborhoods, consistent with safe and sound operation of the institution. This evaluation is not, nor should it be construed as, an assessment of the financial condition of the institution. The rating assigned to this institution does not represent an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution. TABLE OF CONTENTS I. Institution Rating a. Overall Rating ..............................................................................................1 b. Performance Test Ratings Table ..................................................................1 c. Summary of Major Factors Supporting Rating ............................................1 II. Institution a. Description of Institution .............................................................................2 b. Scope of Examination ..................................................................................3 c. Conclusions with Respect to Performance Tests .........................................7 III. Fayetteville-Springdale-Rogers Multistate Metropolitan Statistical Area (Arkansas and Missouri) a. Multistate Metropolitan Statistical Area Rating ........................................16 b. Scope of Examination ................................................................................16 c. Description of Institution’s Operations ......................................................17 d. Conclusions with Respect to Performance Tests .......................................21 IV. Fort Smith Multistate Metropolitan Statistical Area (Arkansas and Oklahoma) a. Multistate Metropolitan Statistical Area Rating ........................................29 b. Scope of Examination ................................................................................29 c. Description of Institution’s Operations ......................................................30 d. Conclusions with Respect to Performance Tests .......................................33 V. Kansas City Multistate Metropolitan Statistical Area (Kansas and Missouri) a. Multistate Metropolitan Statistical Area Rating ........................................40 b. Scope of Examination ................................................................................40 c. Description of Institution’s Operations ......................................................41 d. Conclusions with Respect to Performance Tests. ......................................45 VI. Arkansas a. Summary i. State Rating ....................................................................................52 ii. Scope of Examination ....................................................................52 iii. Description of Institution’s Operations ..........................................53 iv. Conclusions with Respect to Performance Tests ...........................54 b. Little Rock-North Little Rock-Conway Metropolitan Statistical Area (full-scope review) i. Description of Institution’s Operations. .........................................59 ii. Conclusions with Respect to Performance Tests ...........................62 Table of Contents c. Hot Springs Metropolitan Statistical Area (limited-scope review) i. Description of Institution’s Operations ..........................................70 ii. Conclusions with Respect to Performance Tests ...........................71 d. Nonmetropolitan Arkansas Statewide Area (full-scope review) i. Description of Institution’s Operations ..........................................72 ii. Conclusions with Respect to Performance Tests ...........................75 VII. Kansas a. Summary i. State Rating ....................................................................................82 ii. Scope of Examination ....................................................................82 iii. Description of Institution’s Operations ..........................................83 iv. Conclusions with Respect to Performance Tests ...........................87 VIII. Missouri a. Summary i. State Rating ....................................................................................93 ii. Scope of Examination ....................................................................93 iii. Description of Institution’s Operations ..........................................94 iv. Conclusions with Respect to Performance Tests ...........................95 b. Joplin Metropolitan Statistical Area (full-scope review) i. Description of Institution’s Operations ........................................100 ii. Conclusions with Respect to Performance Tests .........................103 c. Springfield Metropolitan Statistical Area (limited-scope review) i. Description of Institution’s Operations ........................................109 ii. Conclusions with Respect to Performance Tests .........................110 d. Nonmetropolitan Missouri Statewide Area (limited-scope review) i. Description of Institution’s Operations ........................................112 ii. Conclusions with Respect to Performance Tests .........................113 IX. Oklahoma a. Summary i. State Rating ..................................................................................115 ii. Scope of Examination ..................................................................115 iii. Description of Institution’s Operations ........................................116 iv. Conclusions with Respect to Performance Tests .........................117 b. Oklahoma City Metropolitan Statistical Area (full-scope review) i. Description of Institution’s Operations ........................................122 ii. Conclusions with Respect to Performance Tests .........................125 Table of Contents (continued) c. Tulsa Metropolitan Statistical Area (full-scope review) i. Description of Institution’s Operations ........................................132 ii. Conclusions with Respect to Performance Tests .........................135 d. Lawton Metropolitan Statistical Area (limited-scope review) i. Description of Institution’s Operations ........................................142 ii. Conclusions with Respect to Performance Tests .........................143 e. Nonmetropolitan Oklahoma Statewide Area (full-scope review) i. Description of Institution’s Operations ........................................145 ii. Conclusions with Respect to Performance Tests .........................148 IX. Appendix a. Scope of Examination Tables ..................................................................155 b. Summary of State and Multistate Metropolitan Statistical Area Ratings.......................................................................................157 c. Primary Year (2014) Lending Performance Tables for Limited Scope Review Areas ..........................................................................158 d. Secondary Year (2013) Lending Performance Tables for All Assessment Areas ..............................................................................170 e. Assessment Areas Map ............................................................................212 f. Glossary ...................................................................................................213 Table of Contents (continued) Arvest Bank CRA Performance Evaluation Fayetteville, Arkansas September 21, 2015 INSTITUTION’S CRA RATING INSTITUTION’S CRA RATING: SATISFACTORY The following table indicates the performance level of Arvest Bank with respect to the Lending, Investment, and Service Tests. Arvest Bank Performance Tests Performance Levels Lending Test* Investment Test Service Test Outstanding High Satisfactory X X Low Satisfactory X Needs to Improve Substantial Noncompliance *Note: The Lending Test is weighted more heavily than the Investment and Service Tests when arriving at an overall rating. The major factors supporting the institution’s rating include the following: • The bank’s lending levels reflect good responsiveness to assessment area credit needs. • The bank makes a substantial majority of loans inside its designated assessment areas. • The overall geographic distribution of the loans reflects good penetration throughout the bank’s assessment areas. • Given the product lines offered, the distribution of borrowers reflects good penetration among customers of different income levels and businesses/farms of different sizes. • Overall, the bank makes an adequate level of community development loans. • The bank makes a significant level of qualified community development investments and grants, occasionally in a leadership position. • Delivery systems are accessible to the bank’s geographies and individuals of different income levels in its assessment areas. Changes in branch locations have not adversely affected the accessibility of delivery systems, and services do not vary in a way that inconveniences its assessment areas, particularly low- and moderate-income (LMI) geographies and/or LMI individuals. • The bank provides an adequate level of qualified community development services. 1 Arvest Bank CRA Performance Evaluation Fayetteville, Arkansas September 21, 2015 INSTITUTION DESCRIPTION
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