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

This bank is inactive as of November 09, 1998

  • Bank of Drummond in Drummond, Oklahoma (OK)
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Bank of Drummond - Overview

  • General
  • FDIC Certificate #: 16274
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Kremlin (#11526)
    Federal Reserve ID: 274351
    Date Established: June 11, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10463
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 11, 1945
    Last Structure Change Effective Date: November 09, 1998
    Last Structure Change Process Date: January 27, 1999
    Last Data Update: January 27, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 Main Street, Drummond, OK 73735
    County: Garfield
    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): Enid, OK (#2340)
    Core Based Statistical Area (CBSA): Enid, OK (#21420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $16.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $16,200Total assets
  • $346Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,592Securities
  • $110Federal funds sold & reverse repurchase agreements
  • $12,530Net loans & leases
  • $423Loan loss allowance
  • $0Trading account assets
  • $223Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $399All other assets
  • $16,200Total liabilities and capital
  • $14,496Total liabilities
  • $13,173Total deposits
  • $11,554Interest-bearing deposits
  • $13,173Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,213Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $110All other liabilities
  • $1,704Total equity capital
  • $1,704Total bank equity capital
  • $1,704Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $900Undivided profits
  • Memoranda
  • $604Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $265Earning assets
  • $0Long-term assets (5+ years)
  • $183Average Assets, year-to-date
  • $15,232Average Assets, quarterly
  • $551Volatile liabilities
  • $15,719Insider loans
  • $15,928FHLB advances
  • $3,755Loans and leases held for sale
  • $78Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $801Total unused commitments
  • $0Restructured Loans and leases
  • $11,634Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,346Total interest income
  • $525Total interest expense
  • $821Net interest income
  • $201Provision for loan and lease losses
  • $155Total noninterest income
  • $0Fiduciary activities
  • $128Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27Additional noninterest income
  • $533Total noninterest expense
  • $338Salaries and employee benefits
  • $78Premises and equipment expense
  • $117Additional noninterest expense
  • $242Pre-tax net operating income
  • -$1Securities gains (losses)
  • $73Applicable income taxes
  • $168Income before extraordinary items
  • $0Extraordinary gains - net
  • $168Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $141Sale, conversion, retirement of capital stock, net
  • $160Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.17%Yield on earning assets
  • 3.58%Cost of funding earning assets
  • 5.59%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 9.64%Return on equity (ROE)
  • 0.46%Retained earnings to average equity (YTD only)
  • 1.21%Net charge-offs to loans
  • 142.55%Credit loss provision to net charge-offs
  • 3.14%Efficiency ratio
  • 54,611Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.24%Loss allowance to loans
  • 3.27%Loss allowance to noncurrent loans
  • 159.62%Noncurrent assets plus other real estate owned to assets
  • 1.64%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 95.12%Net loans and leases to core deposits
  • 117.86%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 14.59%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $15,719Average earning assets
  • $1,743Average equity
  • $14,685Average loans

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