Grand Savings Bank in Grove, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Grand Savings Bank - Overview

  • General
  • FDIC Certificate #: 32084
    Status: Active
    Federal Reserve ID: 732178
    Bank Holding Company (Regulatory Top Holder): Peterson Holding Company (RSSDID: 1845619, Location: Decatur, AR)
    Date Established: April 10, 1981
    WWW: http://www.grandsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 7832
    FDIC's unique #: 44918
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 1981
    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: 1022 South Main Street, Grove, OK 74344
    County: Delaware
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $233.4 mil
    Equity capital: $21.4 mil
    Deposits held in domestic offices: $198.9 mil
    Return on assets (ROA): 0.85% ($2.0 mil)
    Quarterly return on assets: 1.78% ($4.1 mil)
    Return on Equity (ROE): 9.37% ($2.0 mil)
    Quarterly return on equity: 19.77% ($4.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.85% ($1,983.7 mil)
    Quarterly Pretax return on assets: 1.78% ($4,154.1 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
  • 70Total employees (full-time equivalent)
  • $233,379Total assets
  • $23,839Cash and due from depository institutions
  • $21,081Interest-bearing balances
  • $7,977Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $190,924Net loans & leases
  • $3,682Loan loss allowance
  • $0Trading account assets
  • $6,382Bank premises and fixed assets
  • $1,123Other real estate owned
  • $0Goodwill and other intangibles
  • $233,379Life insurance assets
  • $3,134All other assets
  • $212,022Total liabilities and capital
  • $198,910Total liabilities
  • $173,356Total deposits
  • $198,910Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,878Trading liabilities
  • $0Other borrowed funds
  • $234Subordinated debt
  • $21,357All other liabilities
  • $21,357Total equity capital
  • $21,357Total bank equity capital
  • $2,000Perpetual preferred stock
  • $3,058Common stock
  • $2,333Surplus
  • $13,966Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,491Income earned, not collected on loans
  • $0Earning assets
  • $1,014Long-term assets (5+ years)
  • $219,982Average Assets, year-to-date
  • $112,146Average Assets, quarterly
  • $231,239Volatile liabilities
  • $231,199Insider loans
  • $186,138FHLB advances
  • $230,843Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,327Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,065Restructured Loans and leases
  • $320Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,484Total interest income
  • $2,713Total interest expense
  • $10,771Net interest income
  • $2,834Provision for loan and lease losses
  • $1,274Total noninterest income
  • $0Fiduciary activities
  • $1,109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $165Additional noninterest income
  • $7,256Total noninterest expense
  • $3,664Salaries and employee benefits
  • $1,343Premises and equipment expense
  • $2,249Additional noninterest expense
  • $1,955Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,955Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,955Net income attributable to bank
  • $0Net charge-offs
  • $1,955Cash dividends
  • $1,774Sale, conversion, retirement of capital stock, net
  • $1,871Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 4.95%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 9.37%Return on equity (ROE)
  • 0.40%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 159.75%Credit loss provision to net charge-offs
  • 2.70%Efficiency ratio
  • 60,241Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.70%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 105.47%Noncurrent assets plus other real estate owned to assets
  • 1.98%Noncurrent loans to loans
  • 1.79%Net loans and leases to deposits
  • 95.99%Net loans and leases to core deposits
  • 113.40%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.24%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $231,239Average earning assets
  • $20,856Average equity
  • $217,812Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044918Grand Savings Bank1022 South Main Street, Grove, OK 74344April 10, 1981Full Service Brick and Mortar
    100286754Jay Branch1222 North Main Street, Jay, OK 74346April 10, 1981Full Service Brick and Mortar

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