FDIC Certificate #: 29912 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Local America Bank of Tulsa, A Federal Savings Bank (#32602) Federal Reserve ID: 671679 Date Established: January 01, 1917 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4321 FDIC's unique #: 42746 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: August 07, 1939 Last Structure Change Effective Date: Febuary 16, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: 123 East Central Street, Miami, OK 74354 County: Ottawa 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 Core Based Statistical Area (CBSA): Miami, OK (#33060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $106.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
40Total employees (full-time equivalent)
$106,812Total assets
$2,315Cash and due from depository institutions
$408Interest-bearing balances
$1,854Securities
$0Federal funds sold & reverse repurchase agreements
$95,263Net loans & leases
$928Loan loss allowance
$0Trading account assets
$3,095Bank premises and fixed assets
$0Other real estate owned
$75Goodwill and other intangibles
$0Life insurance assets
$4,210All other assets
$106,812Total liabilities and capital
$100,810Total liabilities
$77,104Total deposits
$77,104Interest-bearing deposits
$77,104Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,005Other borrowed funds
$0Subordinated debt
$701All other liabilities
$6,002Total equity capital
$6,002Total bank equity capital
$6,002Perpetual preferred stock
$0Common stock
$1Surplus
$4,563Undivided profits
Memoranda
$1,438Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,510Earning assets
$0Long-term assets (5+ years)
$979Average Assets, year-to-date
$97,525Average Assets, quarterly
$0Volatile liabilities
$107,403Insider loans
$107,472FHLB advances
$29,344Loans and leases held for sale
$340Unused loan commitments
$22,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,363Total unused commitments
$0Restructured Loans and leases
$50,186Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,731Total interest income
$5,154Total interest expense
$4,577Net interest income
$565Provision for loan and lease losses
$749Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$749Additional noninterest income
$3,191Total noninterest expense
$1,979Salaries and employee benefits
$572Premises and equipment expense
$640Additional noninterest expense
$1,570Pre-tax net operating income
$4Securities gains (losses)
$512Applicable income taxes
$1,062Income before extraordinary items
$0Extraordinary gains - net
$1,062Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$391Sale, conversion, retirement of capital stock, net
$675Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.96%Yield on earning assets
5.27%Cost of funding earning assets
4.68%Net interest margin
0.77%Noninterest income to earning assets
3.27%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.47%Pretax return on assets
18.81%Return on equity (ROE)
6.86%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
144.50%Credit loss provision to net charge-offs
5.46%Efficiency ratio
59,763Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.56%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
36.97%Noncurrent assets plus other real estate owned to assets
2.35%Noncurrent loans to loans
2.61%Net loans and leases to deposits
123.55%Net loans and leases to core deposits
134.62%Equity capital to assets
5.62%Core capital (leverage) ratio
5.55%Tier 1 risk-based capital ratio
11.81%Total risk-based capital ratio
Memoranda
$13Average assets
$107,403Average earning assets
$5,645Average equity
$97,721Average loans
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