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

This bank is inactive as of October 09, 1998

Citizens Bank in Lawton, Oklahoma (OK)
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Citizens Bank - Overview

General
FDIC Certificate #: 22004
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Local Oklahoma Bank (#28542)
Federal Reserve ID: 13055
Date Established: May 12, 1975
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
OTS Docket #: 13465
FDIC's unique #: 15263
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: May 12, 1975
Last Structure Change Effective Date: October 09, 1998
Last Structure Change Process Date: November 10, 1998
Last Data Update: November 10, 1998
Data Source Date: April 05, 2012
Location
Address: 1420 West Lee Boulevard, Lawton, OK 73502
County: Comanche
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
Metropolitan Statistical Area (MSA): Lawton, OK (#4200)
Core Based Statistical Area (CBSA): Lawton, OK (#30020)
CBSA Metro Statistical Area: Lawton, OK (#30020)
Financial Summary
Total assets: $178.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
136Total employees (full-time equivalent)
$172,934Total assets
$8,979Cash and due from depository institutions
$156Interest-bearing balances
$43,905Securities
$680Federal funds sold & reverse repurchase agreements
$108,854Net loans & leases
$1,094Loan loss allowance
$0Trading account assets
$6,182Bank premises and fixed assets
$1,862Other real estate owned
$29Goodwill and other intangibles
$0Life insurance assets
$2,443All other assets
$172,934Total liabilities and capital
$160,299Total liabilities
$155,325Total deposits
$129,413Interest-bearing deposits
$155,325Deposits held in domestic offices
0.00%% insured (estimated)
$960Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$2,014All other liabilities
$12,635Total equity capital
$12,635Total bank equity capital
$12,635Perpetual preferred stock
$0Common stock
$863Surplus
$3,651Undivided profits
Memoranda
$8,121Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$854Earning assets
$0Long-term assets (5+ years)
$796Average Assets, year-to-date
$153,595Average Assets, quarterly
$39,449Volatile liabilities
$171,008Insider loans
$170,629FHLB advances
$21,645Loans and leases held for sale
$3,412Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,106Total unused commitments
$0Restructured Loans and leases
$108,743Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$13,493Total interest income
$6,172Total interest expense
$7,321Net interest income
$200Provision for loan and lease losses
$4,790Total noninterest income
$0Fiduciary activities
$3,137Service charges on deposit accounts
$0Trading account gains & fees
$1,653Additional noninterest income
$9,436Total noninterest expense
$4,280Salaries and employee benefits
$1,329Premises and equipment expense
$3,827Additional noninterest expense
$2,475Pre-tax net operating income
$43Securities gains (losses)
$809Applicable income taxes
$1,709Income before extraordinary items
$0Extraordinary gains - net
$1,709Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$245Sale, conversion, retirement of capital stock, net
$401Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.95%Yield on earning assets
4.09%Cost of funding earning assets
4.86%Net interest margin
3.18%Noninterest income to earning assets
6.26%Noninterest expense to earning assets
0.98%Net operating income to assets
1.00%Return on assets (ROA)
1.47%Pretax return on assets
14.54%Return on equity (ROE)
11.13%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
81.63%Credit loss provision to net charge-offs
10.92%Efficiency ratio
77,822Assets per employee
1.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.46%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
128.10%Noncurrent assets plus other real estate owned to assets
1.57%Noncurrent loans to loans
0.78%Net loans and leases to deposits
70.08%Net loans and leases to core deposits
79.66%Equity capital to assets
7.31%Core capital (leverage) ratio
7.35%Tier 1 risk-based capital ratio
11.47%Total risk-based capital ratio
Memoranda
$12Average assets
$171,008Average earning assets
$11,756Average equity
$150,774Average loans

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