Bank of the Lakes, National Association in Owasso, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of the Lakes, National Association in Owasso, Oklahoma (OK)
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Bank of the Lakes, National Association - Overview

  • General
  • FDIC Certificate #: 22353
    Status: Active
    Federal Reserve ID: 822257
    Bank Holding Company (Regulatory Top Holder): Lake Bancshares Corporation (RSSDID: 1065417, Location: Owasso, OK)
    Date Established: November 01, 1976
    WWW: http://www.bankofthelakes.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13970
    FDIC's unique #: 15560
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1976
    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: 12401 East 86th Street North, Owasso, OK 74055
    County: Tulsa
    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
    Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
    Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
    Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
    CBSA Metro Statistical Area: Tulsa, OK (#46140)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $195.6 mil
    Equity capital: $19.8 mil
    Deposits held in domestic offices: $175.5 mil
    Return on assets (ROA): 0.30% ($0.6 mil)
    Quarterly return on assets: -0.32% (-$0.6 mil)
    Return on Equity (ROE): 2.95% ($0.6 mil)
    Quarterly return on equity: -3.12% (-$0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.30% ($586.7 mil)
    Quarterly Pretax return on assets: -0.32% (-$625.9 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
  • 53Total employees (full-time equivalent)
  • $195,583Total assets
  • $12,910Cash and due from depository institutions
  • $2,379Interest-bearing balances
  • $9,470Securities
  • $14,721Federal funds sold & reverse repurchase agreements
  • $142,695Net loans & leases
  • $2,457Loan loss allowance
  • $0Trading account assets
  • $5,617Bank premises and fixed assets
  • $7,476Other real estate owned
  • $305Goodwill and other intangibles
  • $195,583Life insurance assets
  • $2,389All other assets
  • $175,778Total liabilities and capital
  • $175,510Total liabilities
  • $150,240Total deposits
  • $175,510Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $268Subordinated debt
  • $19,805All other liabilities
  • $19,805Total equity capital
  • $19,805Total bank equity capital
  • $0Perpetual preferred stock
  • $478Common stock
  • $3,222Surplus
  • $16,105Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,580Income earned, not collected on loans
  • $0Earning assets
  • $746Long-term assets (5+ years)
  • $169,265Average Assets, year-to-date
  • $9,432Average Assets, quarterly
  • $189,591Volatile liabilities
  • $193,981Insider loans
  • $164,561FHLB advances
  • $195,141Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,023Restructured Loans and leases
  • $3,004Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,302Total interest income
  • $2,058Total interest expense
  • $6,244Net interest income
  • $820Provision for loan and lease losses
  • $1,611Total noninterest income
  • $0Fiduciary activities
  • $791Service charges on deposit accounts
  • $0Trading account gains & fees
  • $820Additional noninterest income
  • $6,614Total noninterest expense
  • $2,652Salaries and employee benefits
  • $870Premises and equipment expense
  • $3,092Additional noninterest expense
  • $421Pre-tax net operating income
  • $149Securities gains (losses)
  • $0Applicable income taxes
  • $570Income before extraordinary items
  • $0Extraordinary gains - net
  • $570Net income attributable to bank
  • $0Net charge-offs
  • $570Cash dividends
  • $680Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 2.95%Return on equity (ROE)
  • 2.95%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 120.59%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 84,201Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 32.41%Noncurrent assets plus other real estate owned to assets
  • 7.70%Noncurrent loans to loans
  • 5.22%Net loans and leases to deposits
  • 81.30%Net loans and leases to core deposits
  • 85.14%Equity capital to assets
  • 10.13%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 11.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $189,591Average earning assets
  • $19,350Average equity
  • $163,429Average loans

List of branches

  • 7 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015560Bank Of The Lakes, National Association12401 East 86th Street North, Owasso, OK 74055November 01, 1976Full Service Brick and Mortar
    1254429Ketchum Branch445 West Ketchum Ave, Ketchum, OK 74349May 07, 1984Full Service Brick and Mortar
    2254430Bernice Branch500 Highway 85a, Bernice, OK 74331July 02, 1984Full Service Brick and Mortar
    3266941Collinsville Branch118 North 11th, Collinsville, OK 74021January 01, 1908Full Service Brick and Mortar
    4254431Langley Branch1649 North 3rd Street, Langley, OK 74350Febuary 18, 1997Full Service Brick and Mortar
    5357135Oologah Branch105 South Elm, Oologah, OK 74053April 01, 2000Full Service Brick and Mortar
    6456484Catoosa Branch650 South Cherokee, Catoosa, OK 74015September 01, 2006Full Service Brick and Mortar

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