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

Bank of Locust Grove - Overview

  • General
  • FDIC Certificate #: 16795
    Status: Active
    Federal Reserve ID: 14650
    Bank Holding Company (Regulatory Top Holder): First Pryor Bancorp, Inc. (RSSDID: 2224408, Location: Pryor, OK)
    Date Established: June 06, 1949
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 17319
    FDIC's unique #: 10904
    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: June 06, 1949
    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: 124 E Main St, Locust Grove, OK 74352
    County: Mayes
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.1 mil
    Equity capital: $2.8 mil
    Deposits held in domestic offices: $22.8 mil
    Return on assets (ROA): 1.57% ($0.4 mil)
    Quarterly return on assets: 1.59% ($0.4 mil)
    Return on Equity (ROE): 14.84% ($0.4 mil)
    Quarterly return on equity: 14.40% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.43% ($634.2 mil)
    Quarterly Pretax return on assets: 2.46% ($642.0 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
  • 13Total employees (full-time equivalent)
  • $26,099Total assets
  • $4,674Cash and due from depository institutions
  • $3,522Interest-bearing balances
  • $3,398Securities
  • $1,410Federal funds sold & reverse repurchase agreements
  • $14,631Net loans & leases
  • $383Loan loss allowance
  • $0Trading account assets
  • $240Bank premises and fixed assets
  • $0Other real estate owned
  • $90Goodwill and other intangibles
  • $26,099Life insurance assets
  • $1,656All other assets
  • $23,283Total liabilities and capital
  • $22,835Total liabilities
  • $16,631Total deposits
  • $22,835Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $448Subordinated debt
  • $2,816All other liabilities
  • $2,816Total equity capital
  • $2,816Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $300Surplus
  • $2,316Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $136Income earned, not collected on loans
  • $0Earning assets
  • $109Long-term assets (5+ years)
  • $22,961Average Assets, year-to-date
  • $5,914Average Assets, quarterly
  • $26,448Volatile liabilities
  • $26,206Insider loans
  • $17,023FHLB advances
  • $26,379Loans and leases held for sale
  • $1,266Unused loan commitments
  • $1,266Tier 1 (core) risk-based capital
  • $2,725Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $196Restructured Loans and leases
  • $113Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,464Total interest income
  • $112Total interest expense
  • $1,352Net interest income
  • $198Provision for loan and lease losses
  • $753Total noninterest income
  • $0Fiduciary activities
  • $401Service charges on deposit accounts
  • $0Trading account gains & fees
  • $352Additional noninterest income
  • $1,265Total noninterest expense
  • $748Salaries and employee benefits
  • $84Premises and equipment expense
  • $433Additional noninterest expense
  • $642Pre-tax net operating income
  • $0Securities gains (losses)
  • $226Applicable income taxes
  • $416Income before extraordinary items
  • $0Extraordinary gains - net
  • $416Net income attributable to bank
  • $0Net charge-offs
  • $416Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.35%Yield on earning assets
  • 0.49%Cost of funding earning assets
  • 5.86%Net interest margin
  • 3.27%Noninterest income to earning assets
  • 5.49%Noninterest expense to earning assets
  • 1.57%Net operating income to assets
  • 1.57%Return on assets (ROA)
  • 2.43%Pretax return on assets
  • 14.84%Return on equity (ROE)
  • 5.92%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 825.00%Credit loss provision to net charge-offs
  • 35.00%Efficiency ratio
  • 60,095Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.10%Loss allowance to loans
  • 2.55%Loss allowance to noncurrent loans
  • 281.62%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 64.07%Net loans and leases to core deposits
  • 65.10%Equity capital to assets
  • 10.79%Core capital (leverage) ratio
  • 10.33%Tier 1 risk-based capital ratio
  • 16.01%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $26,448Average earning assets
  • $2,803Average equity
  • $23,060Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010904Bank Of Locust Grove124 E Main St, Locust Grove, OK 74352June 06, 1949Full Service Brick and Mortar
    1238826Detached Drive-In FacilityEast Main Street, Locust Grove, OK 74352August 20, 1979Limited Service Facility

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