Lakeside State Bank in Oologah, Oklahoma (OK)

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Lakeside State Bank
GeneralFDIC Certificate #: 22217
Status: Active
Federal Reserve ID: 635457
Bank Holding Company (Regulatory Top Holder): Lakeside Holding Corporation (RSSDID: 3825183, Location: Oologah, OK)
Date Established: Febuary 09, 1976
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 #: 9250
FDIC's unique #: 15436
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: Febuary 09, 1976
Last Structure Change Effective Date: March 31, 2007
Last Structure Change Process Date: Febuary 27, 2009
Last Data Update: Febuary 27, 2009
Data Source Date: April 05, 2012
LocationAddress: 12602 South Highway 169, Oologah, OK 74053
County: Rogers
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
Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
CBSA Metro Statistical Area: Tulsa, OK (#46140)
History of ChangesChange in Location
Financial SummaryTotal assets: $51.9 mil
Equity capital: $6.0 mil
Deposits held in domestic offices: $45.6 mil
Return on assets (ROA): 1.15% ($0.6 mil)
Quarterly return on assets: 0.86% ($0.4 mil)
Return on Equity (ROE): 9.91% ($0.6 mil)
Quarterly return on equity: 7.20% ($0.4 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.15% ($596.5 mil)
Quarterly Pretax return on assets: 0.86% ($446.0 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)
Total employees (full-time equivalent)22
Total assets$51,866
Cash and due from depository institutions$1,780
Interest-bearing balances$21
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$21,800
Loan loss allowance $316
Trading account assets$0
Bank premises and fixed assets$1,264
Other real estate owned$64
Goodwill and other intangibles$2
All other assets$1,020
Life insurance assets$51,866
Total liabilities and capital$45,879
Total liabilities$45,633
Total deposits$35,983
Interest-bearing deposits$45,633
Deposits held in domestic offices$99
% insured (estimated)105.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $141
All other liabilities $5,987
Total equity capital$5,987
Total bank equity capital$5,987
Perpetual preferred stock$0
Common stock$724
Undivided profits $4,431
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $284
Earning assets $0
Long-term assets (5+ years) $319
Average Assets, year-to-date $47,757
Average Assets, quarterly $19,757
Volatile liabilities $52,219
Insider loans $52,375
FHLB advances $24,504
Loans and leases held for sale $51,414
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,846
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,257
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,622
Total interest expense $388
Net interest income $2,234
Provision for loan and lease losses $5
Total noninterest income $739
Fiduciary activities $0
Service charges on deposit accounts $599
Trading account gains & fees $0
Additional noninterest income $140
Total noninterest expense $2,369
Salaries and employee benefits $1,204
Premises and equipment expense $291
Additional noninterest expense $874
Pre-tax net operating income $599
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $599
Extraordinary gains - net $0
Net income attributable to bank $599
Net charge-offs $0
Cash dividends $599
Sale, conversion, retirement of capital stock, net $46
Net operating income $523
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.49%
Cost of funding earning assets 0.81%
Net interest margin 4.67%
Noninterest income to earning assets 1.55%
Noninterest expense to earning assets 4.96%
Net operating income to assets 1.15%
Return on assets (ROA) 1.15%
Pretax return on assets 1.15%
Return on equity (ROE) 9.91%
Retained earnings to average equity (YTD only) 1.26%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 10.87%
Efficiency ratio13.13%
Assets per employee$79,684
Cash dividends to net income (YTD only)2.36%
Condition Ratios (%)
Loss allowance to loans 87.31%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 111.27%
Noncurrent loans to loans 0.67%
Net loans and leases to deposits1.28%
Net loans and leases to core deposits 47.77%
Equity capital to assets 52.25%
Core capital (leverage) ratio 11.54%
Tier 1 risk-based capital ratio 9.43%
Total risk-based capital ratio 19.78%
Average assets$21
Average earning assets$52,219
Average equity $6,045
Average loans $47,802
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2 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015436Lakeside State Bank12602 South Highway 169, Oologah, OK 74053Febuary 09, 1976Full Service Brick and Mortar
12635Lakeside State Bank, Chelsea Branch516 Walnut, Chelsea, OK 74016August 31, 1901Full Service Brick and Mortar
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