Citizens Bank in Velma, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 2008

  • Citizens Bank in Velma, Oklahoma (OK)
  • Show street view No street view available for this location

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 20125
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First National Bank and Trust Company of Ardmore (#4037)
    Federal Reserve ID: 468655
    Date Established: January 26, 1970
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 14319
    FDIC's unique #: 13824
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 26, 1970
    Last Structure Change Effective Date: June 30, 2008
    Last Structure Change Process Date: July 07, 2008
    Last Data Update: July 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: Fourth And Main Streets, Velma, OK 73491
    County: Stephens
    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): Duncan, OK (#20340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $19.2 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, 2007)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $18,417Total assets
  • $1,085Cash and due from depository institutions
  • $103Interest-bearing balances
  • $2,329Securities
  • $1,001Federal funds sold & reverse repurchase agreements
  • $13,501Net loans & leases
  • $148Loan loss allowance
  • $0Trading account assets
  • $160Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $341All other assets
  • $18,417Total liabilities and capital
  • $15,567Total liabilities
  • $15,233Total deposits
  • $11,582Interest-bearing deposits
  • $15,233Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $334All other liabilities
  • $2,850Total equity capital
  • $2,850Total bank equity capital
  • $2,850Perpetual preferred stock
  • $0Common stock
  • $314Surplus
  • $556Undivided profits
  • Memoranda
  • $1,980Noncurrent loans and leases
  • $530Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $61Earning assets
  • $0Long-term assets (5+ years)
  • $230Average Assets, year-to-date
  • $16,934Average Assets, quarterly
  • $2,073Volatile liabilities
  • $18,247Insider loans
  • $18,559FHLB advances
  • $1,607Loans and leases held for sale
  • $198Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $530Total unused commitments
  • $0Restructured Loans and leases
  • $148Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $1,363Total interest income
  • $295Total interest expense
  • $1,068Net interest income
  • $30Provision for loan and lease losses
  • $176Total noninterest income
  • $0Fiduciary activities
  • $108Service charges on deposit accounts
  • $0Trading account gains & fees
  • $68Additional noninterest income
  • $894Total noninterest expense
  • $490Salaries and employee benefits
  • $85Premises and equipment expense
  • $319Additional noninterest expense
  • $320Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $320Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.10%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 6.35%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 5.31%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.75%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 11.17%Return on equity (ROE)
  • 0.00%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -3000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,865Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 242.62%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 88.63%Net loans and leases to core deposits
  • 99.08%Equity capital to assets
  • 15.47%Core capital (leverage) ratio
  • 15.55%Tier 1 risk-based capital ratio
  • 20.19%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $18,247Average earning assets
  • $2,864Average equity
  • $16,831Average loans

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