Bank of Western Oklahoma in Elk City, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of Western Oklahoma in Elk City, Oklahoma (OK)
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Bank of Western Oklahoma - Overview

  • General
  • FDIC Certificate #: 4087
    Status: Active
    Federal Reserve ID: 175056
    Bank Holding Company (Regulatory Top Holder): Western Oklahoma Bancshares, Inc. (RSSDID: 1062706, Location: Elk City, OK)
    Date Established: April 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 2660
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural 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: 201 East Broadway Street, Elk City, OK 73644
    County: Beckham
    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
    Core Based Statistical Area (CBSA): Elk City, OK (#21120)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $238.7 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $221.3 mil
    Return on assets (ROA): 0.85% ($2.0 mil)
    Quarterly return on assets: 1.15% ($2.7 mil)
    Return on Equity (ROE): 11.76% ($2.0 mil)
    Quarterly return on equity: 16.19% ($2.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.85% ($2,028.8 mil)
    Quarterly Pretax return on assets: 1.15% ($2,744.9 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
  • 69Total employees (full-time equivalent)
  • $238,684Total assets
  • $15,114Cash and due from depository institutions
  • $7,563Interest-bearing balances
  • $52,817Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,418Net loans & leases
  • $1,291Loan loss allowance
  • $0Trading account assets
  • $7,682Bank premises and fixed assets
  • $0Other real estate owned
  • $2,434Goodwill and other intangibles
  • $238,684Life insurance assets
  • $3,219All other assets
  • $221,809Total liabilities and capital
  • $221,290Total liabilities
  • $172,582Total deposits
  • $221,290Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $519Subordinated debt
  • $16,875All other liabilities
  • $16,875Total equity capital
  • $16,875Total bank equity capital
  • $0Perpetual preferred stock
  • $660Common stock
  • $11,292Surplus
  • $4,923Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,423Income earned, not collected on loans
  • $0Earning assets
  • $1,664Long-term assets (5+ years)
  • $217,798Average Assets, year-to-date
  • $40,098Average Assets, quarterly
  • $228,614Volatile liabilities
  • $234,826Insider loans
  • $154,298FHLB advances
  • $231,948Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,270Restructured Loans and leases
  • $845Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,270Total interest income
  • $1,673Total interest expense
  • $7,597Net interest income
  • $32Provision for loan and lease losses
  • $1,034Total noninterest income
  • $0Fiduciary activities
  • $710Service charges on deposit accounts
  • $0Trading account gains & fees
  • $324Additional noninterest income
  • $6,666Total noninterest expense
  • $3,236Salaries and employee benefits
  • $1,273Premises and equipment expense
  • $2,157Additional noninterest expense
  • $1,933Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,933Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,933Net income attributable to bank
  • $0Net charge-offs
  • $1,933Cash dividends
  • $146Sale, conversion, retirement of capital stock, net
  • $1,183Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 11.76%Return on equity (ROE)
  • 4.56%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 21.92%Credit loss provision to net charge-offs
  • 13.46%Efficiency ratio
  • 77,233Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.20%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 90.72%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 71.14%Net loans and leases to core deposits
  • 76.34%Equity capital to assets
  • 7.07%Core capital (leverage) ratio
  • 6.22%Tier 1 risk-based capital ratio
  • 9.35%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $228,614Average earning assets
  • $16,439Average equity
  • $208,534Average loans

List of branches

  • 6 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02660Bank Of Western Oklahoma201 East Broadway Street, Elk City, OK 73644April 01, 1908Full Service Brick and Mortar
    2286398Vici Branch300 East Broadway, Vici, OK 73859October 22, 1979Full Service Brick and Mortar
    32673Geary Branch101 West Main, Geary, OK 73040May 25, 1898Full Service Brick and Mortar
    417100Weatherford Branch115 North Custer, Weatherford, OK 73096July 22, 1983Full Service Brick and Mortar
    52643North College Branch116 North College Street, Cordell, OK 73632March 02, 1903Full Service Brick and Mortar
    64553492805 Williams Avenue Branch2805 Williams Avenue, Woodward, OK 73802September 06, 2006Full Service Brick and Mortar

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