Local America Bank of Tulsa, A Federal Savings Bank in Tulsa, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1998

  • Local America Bank of Tulsa, A Federal Savings Bank in Tulsa, Oklahoma (OK)
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Local America Bank of Tulsa, A Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32602
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Local Oklahoma Bank (#28542)
    Federal Reserve ID: 1217319
    Date Established: August 31, 1988
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8517
    FDIC's unique #: 45436
    Numeric code: 33
    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 31, 1988
    Last Structure Change Effective Date: November 30, 1998
    Last Structure Change Process Date: Febuary 18, 1999
    Last Data Update: Febuary 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 5801 East 41st Street, Tulsa, OK 74135
    County: Tulsa
    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)
  • Financial Summary
  • Total assets: $671.1 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
  • 74Total employees (full-time equivalent)
  • $616,923Total assets
  • $16,537Cash and due from depository institutions
  • $10,427Interest-bearing balances
  • $141,755Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $429,997Net loans & leases
  • $3,423Loan loss allowance
  • $0Trading account assets
  • $1,725Bank premises and fixed assets
  • $210Other real estate owned
  • $821Goodwill and other intangibles
  • $0Life insurance assets
  • $25,878All other assets
  • $616,923Total liabilities and capital
  • $518,296Total liabilities
  • $463,533Total deposits
  • $435,813Interest-bearing deposits
  • $463,533Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $37,720Other borrowed funds
  • $0Subordinated debt
  • $17,043All other liabilities
  • $98,627Total equity capital
  • $98,627Total bank equity capital
  • $98,627Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $15,900Undivided profits
  • Memoranda
  • $82,627Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55Earning assets
  • $0Long-term assets (5+ years)
  • $3,149Average Assets, year-to-date
  • $582,179Average Assets, quarterly
  • $0Volatile liabilities
  • $848,787Insider loans
  • $636,891FHLB advances
  • $69,667Loans and leases held for sale
  • $0Unused loan commitments
  • $37,720Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,608Total unused commitments
  • $0Restructured Loans and leases
  • $356,388Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $66,463Total interest income
  • $39,873Total interest expense
  • $26,590Net interest income
  • $2,154Provision for loan and lease losses
  • $4,945Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,945Additional noninterest income
  • $15,279Total noninterest expense
  • $3,098Salaries and employee benefits
  • $1,889Premises and equipment expense
  • $10,292Additional noninterest expense
  • $14,102Pre-tax net operating income
  • -$34,415Securities gains (losses)
  • -$3,793Applicable income taxes
  • -$16,520Income before extraordinary items
  • $0Extraordinary gains - net
  • -$16,520Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.17%Yield on earning assets
  • 4.90%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 1.88%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • -1.95%Return on assets (ROA)
  • -2.39%Pretax return on assets
  • -16.69%Return on equity (ROE)
  • -16.69%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 10257.14%Credit loss provision to net charge-offs
  • 774.10%Efficiency ratio
  • 46,282Assets per employee
  • 8.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 6223.64%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 92.77%Net loans and leases to core deposits
  • 99.63%Equity capital to assets
  • 15.99%Core capital (leverage) ratio
  • 15.90%Tier 1 risk-based capital ratio
  • 27.49%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $848,787Average earning assets
  • $98,960Average equity
  • $813,784Average loans

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