Armstrong Bank in Muskogee, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Armstrong Bank - Overview

  • General
  • FDIC Certificate #: 2315
    Status: Active
    Federal Reserve ID: 470452
    Bank Holding Company (Regulatory Top Holder): Ironhorse Financial Group, Inc. (RSSDID: 3488485, Location: Muskogee, OK)
    Date Established: March 15, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    FDIC's unique #: 1532
    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: January 01, 1934
    Last Structure Change Effective Date: December 12, 2008
    Last Structure Change Process Date: January 14, 2009
    Last Data Update: January 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 West Broadway, Muskogee, OK 74401
    County: Muskogee
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Muskogee, OK (#34780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $579.7 mil
    Equity capital: $67.7 mil
    Deposits held in domestic offices: $498.3 mil
    Return on assets (ROA): 1.96% ($11.4 mil)
    Quarterly return on assets: 1.70% ($9.9 mil)
    Return on Equity (ROE): 18.71% ($12.7 mil)
    Quarterly return on equity: 14.94% ($10.2 mil)
    Net income: $11.3 mil
    Quarterly Net income: $2.5 mil
    Pretax return on assets: 1.96% ($11,362.9 mil)
    Quarterly Pretax return on assets: 1.70% ($9,855.6 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
  • 210Total employees (full-time equivalent)
  • $579,739Total assets
  • $17,975Cash and due from depository institutions
  • $8,131Interest-bearing balances
  • $141,592Securities
  • $117Federal funds sold & reverse repurchase agreements
  • $371,185Net loans & leases
  • $4,472Loan loss allowance
  • $0Trading account assets
  • $27,197Bank premises and fixed assets
  • $7,474Other real estate owned
  • $3,113Goodwill and other intangibles
  • $579,739Life insurance assets
  • $11,086All other assets
  • $512,046Total liabilities and capital
  • $498,252Total liabilities
  • $388,185Total deposits
  • $498,252Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $3,794Subordinated debt
  • $67,693All other liabilities
  • $67,693Total equity capital
  • $67,693Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $800Surplus
  • $66,693Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,492Income earned, not collected on loans
  • $0Earning assets
  • $4,180Long-term assets (5+ years)
  • $521,025Average Assets, year-to-date
  • $267,348Average Assets, quarterly
  • $576,242Volatile liabilities
  • $581,657Insider loans
  • $418,494FHLB advances
  • $581,393Loans and leases held for sale
  • $1,954Unused loan commitments
  • $392Tier 1 (core) risk-based capital
  • $59,912Tier 2 risk-based capital
  • $1,562Total risk weighted assets
  • $0Total unused commitments
  • $29,098Restructured Loans and leases
  • $4,999Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,992Total interest income
  • $4,512Total interest expense
  • $24,480Net interest income
  • $1,598Provision for loan and lease losses
  • $10,631Total noninterest income
  • $0Fiduciary activities
  • $6,148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,483Additional noninterest income
  • $22,850Total noninterest expense
  • $11,638Salaries and employee benefits
  • $2,731Premises and equipment expense
  • $8,481Additional noninterest expense
  • $10,663Pre-tax net operating income
  • $640Securities gains (losses)
  • $0Applicable income taxes
  • $11,303Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,303Net income attributable to bank
  • $0Net charge-offs
  • $11,303Cash dividends
  • $1,166Sale, conversion, retirement of capital stock, net
  • $6,043Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.71%Net interest margin
  • 2.05%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • 1.85%Net operating income to assets
  • 1.96%Return on assets (ROA)
  • 1.96%Pretax return on assets
  • 18.71%Return on equity (ROE)
  • 8.71%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 137.05%Credit loss provision to net charge-offs
  • 10.52%Efficiency ratio
  • 64,814Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.46%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 59.69%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 74.50%Net loans and leases to core deposits
  • 84.70%Equity capital to assets
  • 11.68%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 14.32%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $576,242Average earning assets
  • $60,415Average equity
  • $519,318Average loans

List of branches

  • 17 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01532Armstrong Bank1111 West Broadway, Muskogee, OK 74401March 15, 1910Full Service Brick and Mortar
    213708Warner Branch810 North Campbell Street, Warner, OK 74469June 02, 1969Full Service Brick and Mortar
    313985Muldrow Branch810 Shawntel Smith Boulevard, Muldrow, OK 74948December 02, 1970Full Service Brick and Mortar
    4286825Stilwell Branch501 South Second Street, Stilwell, OK 74960September 02, 1981Full Service Brick and Mortar
    6226824North Main Branch409 North Main Street, Gore, OK 74435October 31, 1983Full Service Brick and Mortar
    7288401Tahlequah Branch1401 South Muskogee, Tahlequah, OK 74464July 29, 1988Full Service Brick and Mortar
    8192486Checotah Branch1111 West Gentry, Checotah, OK 74426December 11, 1998Full Service Brick and Mortar
    9192487Vian BranchSchley & Thornton, Vian, OK 74962December 11, 1998Full Service Brick and Mortar
    10357514Chandler Branch2520 E. Chandler, Muskogee, OK 74403November 01, 1999Full Service Brick and Mortar
    11359731Keys Branch25955 Hwy 82, Park Hill, OK 74451July 07, 2000Full Service Brick and Mortar
    12419834Downing Tahlequah East Branch1364 East Downing, Tahlequah, OK 74464March 27, 2003Full Service Brick and Mortar
    13430021Wagoner Location Branch1500 West Highway 51, Wagoner, OK 74467May 12, 2004Full Service Brick and Mortar
    14453091Sallisaw Office Branch800 West Ruth, Sallisaw, OK 74955November 08, 2005Full Service Brick and Mortar
    15474400Bartlesville Branch3651 Se Nowata Road, Bartlesville, OK 74006May 09, 2008Full Service Brick and Mortar
    17202359Pawnee Branch501 Harrison Street, Pawnee, OK 74058January 31, 2000Full Service Brick and Mortar
    18444870Dewey Branch525 North Osage, Dewey, OK 74029July 11, 2005Full Service Brick and Mortar
    19506277Fort Gibson Branch803 South Lee Street, Fort Gibson, OK 74434November 18, 2009Full Service Brick and Mortar

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