Advantage Bank in Spencer, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Advantage Bank - Overview

  • General
  • FDIC Certificate #: 18152
    Status: Active
    Federal Reserve ID: 438050
    Bank Holding Company (Regulatory Top Holder): Spencer Bancshares, Inc. (RSSDID: 1066928, Location: Spencer, OK)
    Date Established: November 17, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15877
    FDIC's unique #: 12073
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 15, 1960
    Last Structure Change Effective Date: November 10, 2011
    Last Structure Change Process Date: November 10, 2011
    Last Data Update: November 10, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 8001 N.E. 23rd Street, Spencer, OK 73084
    County: Oklahoma
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Oklahoma City
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Oklahoma City, OK (#5880)
    Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416)
    Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420)
    CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $56.1 mil
    Equity capital: $6.5 mil
    Deposits held in domestic offices: $49.5 mil
    Return on assets (ROA): 1.18% ($0.7 mil)
    Quarterly return on assets: 1.29% ($0.7 mil)
    Return on Equity (ROE): 9.57% ($0.6 mil)
    Quarterly return on equity: 10.54% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.18% ($661.9 mil)
    Quarterly Pretax return on assets: 1.29% ($723.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $56,093Total assets
  • $2,433Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,425Securities
  • $2,174Federal funds sold & reverse repurchase agreements
  • $34,250Net loans & leases
  • $388Loan loss allowance
  • $0Trading account assets
  • $1,564Bank premises and fixed assets
  • $595Other real estate owned
  • $0Goodwill and other intangibles
  • $56,093Life insurance assets
  • $652All other assets
  • $49,598Total liabilities and capital
  • $49,512Total liabilities
  • $38,894Total deposits
  • $49,512Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $86Subordinated debt
  • $6,495All other liabilities
  • $6,495Total equity capital
  • $6,495Total bank equity capital
  • $0Perpetual preferred stock
  • $337Common stock
  • $337Surplus
  • $5,821Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $426Income earned, not collected on loans
  • $0Earning assets
  • $252Long-term assets (5+ years)
  • $50,849Average Assets, year-to-date
  • $18,797Average Assets, quarterly
  • $51,696Volatile liabilities
  • $54,100Insider loans
  • $37,144FHLB advances
  • $53,180Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,052Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,768Restructured Loans and leases
  • $23Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,766Total interest income
  • $280Total interest expense
  • $2,486Net interest income
  • $270Provision for loan and lease losses
  • $818Total noninterest income
  • $0Fiduciary activities
  • $687Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $2,683Total noninterest expense
  • $1,405Salaries and employee benefits
  • $366Premises and equipment expense
  • $912Additional noninterest expense
  • $351Pre-tax net operating income
  • $260Securities gains (losses)
  • $0Applicable income taxes
  • $611Income before extraordinary items
  • $0Extraordinary gains - net
  • $611Net income attributable to bank
  • $0Net charge-offs
  • $611Cash dividends
  • $415Sale, conversion, retirement of capital stock, net
  • $473Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 5.28%Net interest margin
  • 1.74%Noninterest income to earning assets
  • 5.69%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 9.57%Return on equity (ROE)
  • 2.16%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 65.06%Credit loss provision to net charge-offs
  • 1.50%Efficiency ratio
  • 81,205Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.41%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 91.08%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 69.18%Net loans and leases to core deposits
  • 69.53%Equity capital to assets
  • 11.58%Core capital (leverage) ratio
  • 11.38%Tier 1 risk-based capital ratio
  • 16.29%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $51,696Average earning assets
  • $6,385Average equity
  • $47,118Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012073Advantage Bank8001 N.E. 23rd Street, Spencer, OK 73084November 17, 1913Full Service Brick and Mortar
    2366285Midwest City Branch10100 Se 15th Street, Midwest City, OK 73130Febuary 10, 2003Full Service Brick and Mortar

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