Lake Country Bank in Webbers Falls, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1994

Lake Country Bank in Webbers Falls, Oklahoma (OK)
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Lake Country Bank - Overview

General
FDIC Certificate #: 12289
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Armstrong Bank (#2315)
Federal Reserve ID: 477255
Date Established: January 01, 1930
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 7811
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: July 01, 1994
Last Structure Change Process Date: August 09, 1994
Last Data Update: August 09, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Webbers Falls, OK 74470
County: Muskogee
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): Muskogee, OK (#34780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $10.4 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
0Total employees (full-time equivalent)
$10Total assets
$11,387Cash and due from depository institutions
$763Interest-bearing balances
$264Securities
$3,371Federal funds sold & reverse repurchase agreements
$580Net loans & leases
$6,122Loan loss allowance
$100Trading account assets
$0Bank premises and fixed assets
$265Other real estate owned
$13Goodwill and other intangibles
$273Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,387Total liabilities
$10,452Total deposits
$10,335Interest-bearing deposits
$7,534Deposits held in domestic offices
10335.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$117Total equity capital
$117Total bank equity capital
$935Perpetual preferred stock
$0Common stock
$150Surplus
$150Undivided profits
Memoranda
$635Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$83Income earned, not collected on loans
$70Earning assets
$10,337Long-term assets (5+ years)
$1,634Average Assets, year-to-date
$11,199Average Assets, quarterly
$11,336Volatile liabilities
$863Insider loans
$67FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$421Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$935Total risk weighted assets
$6,931Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$871Total interest expense
$215Net interest income
$656Provision for loan and lease losses
-$38Total noninterest income
$167Fiduciary activities
$0Service charges on deposit accounts
$120Trading account gains & fees
$0Additional noninterest income
$47Total noninterest expense
$515Salaries and employee benefits
$270Premises and equipment expense
$85Additional noninterest expense
$160Pre-tax net operating income
$346Securities gains (losses)
$15Applicable income taxes
$105Income before extraordinary items
$256Extraordinary gains - net
-$6Net income attributable to bank
$250Net charge-offs
$2Cash dividends
$231Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.63%Cost of funding earning assets
2.13%Net interest margin
6.50%Noninterest income to earning assets
1.66%Noninterest expense to earning assets
5.10%Net operating income to assets
2.19%Return on assets (ROA)
2.23%Pretax return on assets
3.17%Return on equity (ROE)
26.40%Retained earnings to average equity (YTD only)
2.01%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
-1900.00%Efficiency ratio
62,576Assets per employee
1.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.40%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
120.48%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.33%Net loans and leases to deposits
59.24%Net loans and leases to core deposits
64.63%Equity capital to assets
8.21%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
13.49%Total risk-based capital ratio
Memoranda
$15Average assets
$11,199Average earning assets
$947Average equity
$10,091Average loans

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