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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Local America Bank of Tulsa, A Federal Savings Bank
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