Interbank in Elk City, Oklahoma (OK)

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GeneralFDIC Certificate #: 4191
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: InterBank (#27210)
Federal Reserve ID: 433354
Date Established: September 11, 1901
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Interstate: No)
OTS Docket #: 13436
FDIC's unique #: 2744
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 01, 1934
Last Structure Change Effective Date: December 31, 2010
Last Structure Change Process Date: January 04, 2011
Last Data Update: January 04, 2011
Data Source Date: April 05, 2012
LocationAddress: 1620 West Third Street, Elk City, OK 73648
County: Beckham
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): Elk City, OK (#21120)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $233.5 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)60
Total assets$226,654
Cash and due from depository institutions$7,707
Interest-bearing balances$2,033
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$200,805
Loan loss allowance $2,021
Trading account assets$0
Bank premises and fixed assets$5,743
Other real estate owned$266
Goodwill and other intangibles$8,068
All other assets$4,065
Life insurance assets$0
Total liabilities and capital$226,654
Total liabilities$197,440
Total deposits$193,160
Interest-bearing deposits$172,218
Deposits held in domestic offices$193,160
% insured (estimated)81.48%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $3,850
Subordinated debt $0
All other liabilities $430
Total equity capital$29,214
Total bank equity capital$29,214
Perpetual preferred stock$29,214
Common stock$0
Undivided profits $26,867
Noncurrent loans and leases $1,347
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $24,139
Income earned, not collected on loans $0
Earning assets $2,429
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,362
Average Assets, quarterly $202,838
Volatile liabilities $13,943
Insider loans $225,099
FHLB advances $222,692
Loans and leases held for sale $51,716
Unused loan commitments $10,156
Tier 1 (core) risk-based capital $3,850
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $24,139
Restructured Loans and leases $0
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Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $12,291
Total interest expense $2,482
Net interest income $9,809
Provision for loan and lease losses $126
Total noninterest income $2,328
Fiduciary activities $0
Service charges on deposit accounts $1,852
Trading account gains & fees $0
Additional noninterest income $476
Total noninterest expense $8,369
Salaries and employee benefits $3,077
Premises and equipment expense $719
Additional noninterest expense $4,573
Pre-tax net operating income $3,642
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $3,642
Extraordinary gains - net $0
Net income attributable to bank $3,642
Net charge-offs $0
Cash dividends $3,642
Sale, conversion, retirement of capital stock, net $127
Net operating income $5,000
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.06%
Cost of funding earning assets 1.22%
Net interest margin 4.84%
Noninterest income to earning assets 1.15%
Noninterest expense to earning assets 4.13%
Net operating income to assets 1.62%
Return on assets (ROA) 1.62%
Pretax return on assets 1.62%
Return on equity (ROE) 11.79%
Retained earnings to average equity (YTD only) -4.40%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 99.21%
Efficiency ratio29.67%
Assets per employee$55,961
Cash dividends to net income (YTD only)3.78%
Condition Ratios (%)
Loss allowance to loans 137.29%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 83.20%
Noncurrent loans to loans 1.19%
Net loans and leases to deposits1.20%
Net loans and leases to core deposits 103.96%
Equity capital to assets 138.21%
Core capital (leverage) ratio 12.89%
Tier 1 risk-based capital ratio 10.04%
Total risk-based capital ratio 10.94%
Average assets$12
Average earning assets$225,099
Average equity $30,881
Average loans $202,874
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