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


Bank of Grove - Overview

  • General
  • FDIC Certificate #: 57915
    Status: Active
    Federal Reserve ID: 3286999
    Date Established: June 09, 2005
    WWW: http://www.bankofgrove.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 17987
    FDIC's unique #: 430629
    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: June 09, 2005
    Last Structure Change Effective Date: November 19, 2010
    Last Structure Change Process Date: November 19, 2010
    Last Data Update: November 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 East 18th Street, Grove, OK 74344
    County: Delaware
    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
  • Financial Summary
  • Total assets: $90.7 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $66.8 mil
    Return on assets (ROA): 0.79% ($0.7 mil)
    Quarterly return on assets: -2.14% (-$1.9 mil)
    Return on Equity (ROE): 10.58% ($0.7 mil)
    Quarterly return on equity: -28.13% (-$2.0 mil)
    Net income: $0.7 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: 0.79% ($716.4 mil)
    Quarterly Pretax return on assets: -2.14% (-$1,940.7 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
  • 18Total employees (full-time equivalent)
  • $90,686Total assets
  • $4,441Cash and due from depository institutions
  • $3,382Interest-bearing balances
  • $6,035Securities
  • $424Federal funds sold & reverse repurchase agreements
  • $74,841Net loans & leases
  • $810Loan loss allowance
  • $0Trading account assets
  • $2,589Bank premises and fixed assets
  • $200Other real estate owned
  • $0Goodwill and other intangibles
  • $90,686Life insurance assets
  • $2,156All other assets
  • $83,924Total liabilities and capital
  • $66,783Total liabilities
  • $59,400Total deposits
  • $66,783Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,000Trading liabilities
  • $0Other borrowed funds
  • $141Subordinated debt
  • $6,762All other liabilities
  • $6,762Total equity capital
  • $6,762Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $3,000Surplus
  • $762Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $327Income earned, not collected on loans
  • $0Earning assets
  • $386Long-term assets (5+ years)
  • $84,682Average Assets, year-to-date
  • $33,671Average Assets, quarterly
  • $93,117Volatile liabilities
  • $93,799Insider loans
  • $67,312FHLB advances
  • $92,063Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,762Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,965Restructured Loans and leases
  • $1,864Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,754Total interest income
  • $1,235Total interest expense
  • $3,519Net interest income
  • $822Provision for loan and lease losses
  • $428Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $249Additional noninterest income
  • $2,394Total noninterest expense
  • $1,109Salaries and employee benefits
  • $244Premises and equipment expense
  • $1,041Additional noninterest expense
  • $731Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $731Income before extraordinary items
  • $0Extraordinary gains - net
  • $731Net income attributable to bank
  • $0Net charge-offs
  • $731Cash dividends
  • $815Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 10.58%Return on equity (ROE)
  • 3.34%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 100.86%Credit loss provision to net charge-offs
  • 1.91%Efficiency ratio
  • 60,654Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.40%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 247.71%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 112.07%Net loans and leases to core deposits
  • 131.78%Equity capital to assets
  • 7.46%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 10.05%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $93,117Average earning assets
  • $6,911Average equity
  • $87,576Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0430629Bank Of Grove201 East 18th Street, Grove, OK 74344June 09, 2005Full Service Brick and Mortar

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