Bank of Cherokee County in Hulbert, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Cherokee County - Overview

  • General
  • FDIC Certificate #: 2327
    Status: Active
    Federal Reserve ID: 815754
    Bank Holding Company (Regulatory Top Holder): Grandview Bankshares, Inc. (RSSDID: 2355870, Location: Hulbert, OK)
    Date Established: December 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1543
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Broadway, Hulbert, OK 74441
    County: Cherokee
    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): Tahlequah, OK (#45140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $97.7 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $89.1 mil
    Return on assets (ROA): 0.86% ($0.8 mil)
    Quarterly return on assets: 0.57% ($0.6 mil)
    Return on Equity (ROE): 10.70% ($0.9 mil)
    Quarterly return on equity: 6.92% ($0.6 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.25% ($1,220.9 mil)
    Quarterly Pretax return on assets: 0.87% ($849.7 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
  • 39Total employees (full-time equivalent)
  • $97,671Total assets
  • $8,791Cash and due from depository institutions
  • $5,830Interest-bearing balances
  • $17,602Securities
  • $2,885Federal funds sold & reverse repurchase agreements
  • $64,725Net loans & leases
  • $1,208Loan loss allowance
  • $0Trading account assets
  • $1,704Bank premises and fixed assets
  • $400Other real estate owned
  • $32Goodwill and other intangibles
  • $97,671Life insurance assets
  • $1,532All other assets
  • $89,489Total liabilities and capital
  • $89,077Total liabilities
  • $77,619Total deposits
  • $89,077Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $412Subordinated debt
  • $8,182All other liabilities
  • $8,182Total equity capital
  • $8,182Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $5,079Surplus
  • $2,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,031Income earned, not collected on loans
  • $0Earning assets
  • $484Long-term assets (5+ years)
  • $91,042Average Assets, year-to-date
  • $37,988Average Assets, quarterly
  • $98,429Volatile liabilities
  • $99,519Insider loans
  • $62,133FHLB advances
  • $98,940Loans and leases held for sale
  • $197Unused loan commitments
  • $197Tier 1 (core) risk-based capital
  • $8,013Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,288Restructured Loans and leases
  • $2,171Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,461Total interest income
  • $843Total interest expense
  • $4,618Net interest income
  • $203Provision for loan and lease losses
  • $630Total noninterest income
  • $0Fiduciary activities
  • $414Service charges on deposit accounts
  • $0Trading account gains & fees
  • $216Additional noninterest income
  • $3,818Total noninterest expense
  • $2,120Salaries and employee benefits
  • $611Premises and equipment expense
  • $1,087Additional noninterest expense
  • $1,227Pre-tax net operating income
  • $0Securities gains (losses)
  • $381Applicable income taxes
  • $846Income before extraordinary items
  • $0Extraordinary gains - net
  • $846Net income attributable to bank
  • $0Net charge-offs
  • $846Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $588Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 5.05%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 10.70%Return on equity (ROE)
  • 3.26%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 207.14%Credit loss provision to net charge-offs
  • 14.59%Efficiency ratio
  • 72,752Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.50%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 117.17%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.56%Net loans and leases to deposits
  • 72.66%Net loans and leases to core deposits
  • 79.14%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $98,429Average earning assets
  • $7,906Average equity
  • $91,423Average loans

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01543Bank Of Cherokee CountyMain And Broadway, Hulbert, OK 74441December 01, 1908Full Service Brick and Mortar
    1192491Park Hill Branch4715 South Muskogee Avenue, Park Hill, OK 74451September 12, 1997Full Service Brick and Mortar
    2357848Plaza Branch125 East First Street, Tahlequah, OK 74464April 24, 2000Full Service Brick and Mortar

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