Bank of Cushing in Cushing, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Cushing - Overview

  • General
  • FDIC Certificate #: 4075
    Status: Active
    Federal Reserve ID: 271752
    Date Established: January 01, 1897
    WWW: http://www.bankofcushing.net
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 53088
    FDIC's unique #: 2649
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 02, 2011
    Last Structure Change Process Date: August 16, 2011
    Last Data Update: August 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 224 East Broadway, Cushing, OK 74023
    County: Payne
    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): Stillwater, OK (#44660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $99.1 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $85.6 mil
    Return on assets (ROA): 1.44% ($1.4 mil)
    Quarterly return on assets: 2.38% ($2.4 mil)
    Return on Equity (ROE): 12.29% ($1.5 mil)
    Quarterly return on equity: 19.25% ($2.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.31% ($1,298.6 mil)
    Quarterly Pretax return on assets: 1.88% ($1,863.6 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
  • 26Total employees (full-time equivalent)
  • $99,128Total assets
  • $6,933Cash and due from depository institutions
  • $4,884Interest-bearing balances
  • $47,465Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,179Net loans & leases
  • $715Loan loss allowance
  • $0Trading account assets
  • $423Bank premises and fixed assets
  • $0Other real estate owned
  • $70Goodwill and other intangibles
  • $99,128Life insurance assets
  • $5,058All other assets
  • $87,139Total liabilities and capital
  • $85,611Total liabilities
  • $53,345Total deposits
  • $85,611Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,528Subordinated debt
  • $11,989All other liabilities
  • $11,989Total equity capital
  • $11,989Total bank equity capital
  • $0Perpetual preferred stock
  • $765Common stock
  • $1,474Surplus
  • $9,750Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $499Income earned, not collected on loans
  • $0Earning assets
  • $195Long-term assets (5+ years)
  • $91,528Average Assets, year-to-date
  • $38,222Average Assets, quarterly
  • $96,398Volatile liabilities
  • $98,772Insider loans
  • $64,405FHLB advances
  • $97,458Loans and leases held for sale
  • $2,693Unused loan commitments
  • $2,693Tier 1 (core) risk-based capital
  • $11,139Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,960Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,731Total interest income
  • $471Total interest expense
  • $4,260Net interest income
  • -$22Provision for loan and lease losses
  • $1,158Total noninterest income
  • $0Fiduciary activities
  • $708Service charges on deposit accounts
  • $0Trading account gains & fees
  • $450Additional noninterest income
  • $2,637Total noninterest expense
  • $1,914Salaries and employee benefits
  • $322Premises and equipment expense
  • $401Additional noninterest expense
  • $2,803Pre-tax net operating income
  • -$1,540Securities gains (losses)
  • -$123Applicable income taxes
  • $1,386Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,386Net income attributable to bank
  • $0Net charge-offs
  • $1,386Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $995Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.75%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 12.29%Return on equity (ROE)
  • 3.47%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 2200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 47,841Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.79%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 143.29%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 45.76%Net loans and leases to core deposits
  • 48.96%Equity capital to assets
  • 12.09%Core capital (leverage) ratio
  • 11.43%Tier 1 risk-based capital ratio
  • 17.30%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $96,398Average earning assets
  • $11,273Average equity
  • $89,663Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02649Bank Of Cushing224 East Broadway, Cushing, OK 74023January 01, 1897Full Service Brick and Mortar
    22022782106 East Main Branch2106 East Main, Cushing, OK 74023November 02, 1998Full Service Brick and Mortar

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