First State Bank of Goltry in Goltry, Oklahoma (OK)



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First State Bank of Goltry
GeneralFDIC Certificate #: 8982
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Bank of Kremlin (#11526)
Federal Reserve ID: 189455
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5738
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 21, 1994
Last Structure Change Process Date: March 30, 1994
Last Data Update: March 30, 1994
Data Source Date: April 05, 2012
LocationAddress: Main And Broadway, Goltry, OK 73739
County: Alfalfa
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
Financial SummaryTotal assets: $8.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$6
Cash and due from depository institutions$8,708
Interest-bearing balances$1,213
Securities$895
Federal funds sold & reverse repurchase agreements$400
Net loans & leases$1,290
Loan loss allowance $5,486
Trading account assets$84
Bank premises and fixed assets$0
Other real estate owned$21
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$298
Total liabilities and capital$0
Total liabilities$8,708
Total deposits$7,745
Interest-bearing deposits$7,596
Deposits held in domestic offices$6,176
% insured (estimated)7596.00%
Federal funds purchased & repurchase agreements $100
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$149
Total bank equity capital$149
Perpetual preferred stock$963
Common stock$0
Surplus$150
Undivided profits $235
Memoranda
Noncurrent loans and leases $578
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $31
Earning assets $141
Long-term assets (5+ years) $8,071
Average Assets, year-to-date $0
Average Assets, quarterly $8,298
Volatile liabilities $8,478
Insider loans $500
FHLB advances $72
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $752
Tier 2 risk-based capital $0
Total risk weighted assets $963
Total unused commitments $6,428
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $563
Net interest income $223
Provision for loan and lease losses $340
Total noninterest income $33
Fiduciary activities $71
Service charges on deposit accounts $0
Trading account gains & fees $53
Additional noninterest income $0
Total noninterest expense $18
Salaries and employee benefits $258
Premises and equipment expense $145
Additional noninterest expense $32
Pre-tax net operating income $81
Securities gains (losses) $120
Applicable income taxes $0
Income before extraordinary items $34
Extraordinary gains - net $86
Net income attributable to bank $10
Net charge-offs $96
Cash dividends $30
Sale, conversion, retirement of capital stock, net $36
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.40%
Net interest margin 2.93%
Noninterest income to earning assets 4.47%
Noninterest expense to earning assets 0.93%
Net operating income to assets 3.39%
Return on assets (ROA) 1.04%
Pretax return on assets 1.16%
Return on equity (ROE) 1.57%
Retained earnings to average equity (YTD only) 10.14%
Net charge-offs to loans 6.34%
Credit loss provision to net charge-offs 0.59%
Efficiency ratio110.00%
Assets per employee$62,774
Cash dividends to net income (YTD only)1.45%
Condition Ratios (%)
Loss allowance to loans 37.50%
Loss allowance to noncurrent loans 1.51%
Noncurrent assets plus other real estate owned to assets 270.97%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.56%
Net loans and leases to core deposits 72.22%
Equity capital to assets 77.31%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 11.39%
Total risk-based capital ratio 14.98%
Memoranda
Average assets$16
Average earning assets$8,298
Average equity $947
Average loans $7,608
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