Will Rogers once remarked that,  “An economist’s guess is liable to be as good as anybody else’s.”  

Standing amid the chaotic experiences of 2008 – 2009, our crystal ball for 2010 suggests that while our economic environment will remain challenging, it should be “less worse.”

As you will see from this report, Kirkpatrick Bank remains steadfast in its financial strength.  Our customers continue to enjoy the expanded FDIC coverage for depository accounts, as well as access to our CDARS network.  Kirkpatrick Bank contributed to this cost of coverage on behalf of our customers without passing on fees and is pleased to be among those banks capable of meeting  the new FDIC contribution levels. 

Anyone who has followed national news at all is certainly aware of the debate ensuing in Washington concerning banks and proposed regulations.  While we would wish that members of Congress and the Administration would become more precise in both their understanding of what kinds of “banks” exist and in their language concerning which “banks” they are addressing, Kirkpatrick Bank wishes to assure you that we are not “fat cats” playing loose and easy with your deposits.

We provided significant loans in 2009 which supported business growth and development in our community and look to see that activity strengthen as the economy strengthens in 2010.  

As our country is working through one of the largest banking crises in its history, where bank closures are seeming a weekly occurrence, with other banks operating under strict guidelines from the Federal Government and still others operating with capital borrowed from the Treasury Department, I am proud to inform you that at Kirkpatrick Bank, we are getting along just fine.

Kirkpatrick Bank is privately owned, has a history of being conservative, and operates under an important and simple principal: Know your customer.

Sorry, you won't find any reverse credit swaps here!



As I read the papers, I am disheartened by the news. I am reminded of an FDIC booklet given to me by my grandfather when I first was elected to a bank's board of directors.  I think this booklet has been out of print for a number of years now.  On the first page, and in the first paragraph, there is a listing of responsibilities.  Under the topic of evaluating the credit worthiness of a borrower, the number one listing was:  borrower integrity.  

These days, I not only wonder about borrower integrity, but the integrity of some bankers and regulators too!  Everybody is running for cover and no one is stepping up to the plate.

At Kirkpatrick Bank you will find that you are treated as a person by an experienced and well-trained professional.  You will continue to see our branches in Edmond, Oklahoma City and Colorado Springs staffed by friendly people who are here to help.

If you are a current customer of Kirkpatrick Bank, I'd like to thank you for your business and the trust you place in us.  If you are a new customer, or shopping for a new bank, I hope you will give us the opportunity to work for you and to show you why so many people think we are the best bank around.



As we move into 2010, I am hopeful that our economy will continue to improve and that Kirkpatrick Bank will continue to grow and branch into new locations to serve our new and existing customers even better.

Again, thank you for the trust and confidence you place in us.  We will not let you down.