Sooner State Bank in Tuttle, Oklahoma (OK)



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Sooner State Bank
GeneralFDIC Certificate #: 402
Status: Active
Federal Reserve ID: 534756
Bank Holding Company (Regulatory Top Holder): Tuttle Bancshares, Inc. (RSSDID: 1067372, Location: Tuttle, OK)
Date Established: January 01, 1903
WWW: http://www.soonerstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 13492
FDIC's unique #: 309
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: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 2 Southeast Fourth, Tuttle, OK 73089
County: Grady
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
Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416)
Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420)
CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $154.2 mil
Equity capital: $18.8 mil
Deposits held in domestic offices: $132.3 mil
Return on assets (ROA): 1.44% ($2.2 mil)
Quarterly return on assets: 1.46% ($2.2 mil)
Return on Equity (ROE): 11.77% ($2.2 mil)
Quarterly return on equity: 11.89% ($2.3 mil)
Net income: $2.2 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.44% ($2,220.3 mil)
Quarterly Pretax return on assets: 1.46% ($2,251.2 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)49
Total assets$154,190
Cash and due from depository institutions$4,834
Interest-bearing balances$16
Securities$63,047
Federal funds sold & reverse repurchase agreements$11,164
Net loans & leases$71,601
Loan loss allowance $880
Trading account assets$0
Bank premises and fixed assets$1,783
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,761
Life insurance assets$154,190
Total liabilities and capital$135,413
Total liabilities$132,275
Total deposits$104,597
Interest-bearing deposits$132,275
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,900
Other borrowed funds $0
Subordinated debt $238
All other liabilities $18,777
Total equity capital$18,777
Total bank equity capital$18,777
Perpetual preferred stock$0
Common stock$200
Surplus$1,871
Undivided profits $16,706
Memoranda
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 $484
Earning assets $0
Long-term assets (5+ years) $751
Average Assets, year-to-date $145,828
Average Assets, quarterly $52,806
Volatile liabilities $151,023
Insider loans $153,693
FHLB advances $89,222
Loans and leases held for sale $155,065
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,210
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,910
Derivatives$589
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,403
Total interest expense $1,136
Net interest income $5,267
Provision for loan and lease losses $74
Total noninterest income $864
Fiduciary activities $0
Service charges on deposit accounts $508
Trading account gains & fees $0
Additional noninterest income $356
Total noninterest expense $4,106
Salaries and employee benefits $2,038
Premises and equipment expense $435
Additional noninterest expense $1,633
Pre-tax net operating income $1,951
Securities gains (losses) $230
Applicable income taxes $0
Income before extraordinary items $2,181
Extraordinary gains - net $0
Net income attributable to bank $2,181
Net charge-offs $0
Cash dividends $2,181
Sale, conversion, retirement of capital stock, net $27
Net operating income $1,486
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.49%
Cost of funding earning assets 0.80%
Net interest margin 3.69%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 2.88%
Net operating income to assets 1.29%
Return on assets (ROA) 1.44%
Pretax return on assets 1.44%
Return on equity (ROE) 11.77%
Retained earnings to average equity (YTD only) 3.75%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 274.07%
Efficiency ratio75.00%
Assets per employee$66,971
Cash dividends to net income (YTD only)3.15%
Condition Ratios (%)
Loss allowance to loans 68.13%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 181.82%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.67%
Net loans and leases to core deposits 54.13%
Equity capital to assets 57.11%
Core capital (leverage) ratio 12.18%
Tier 1 risk-based capital ratio 11.10%
Total risk-based capital ratio 19.29%
Memoranda
Average assets$20
Average earning assets$151,023
Average equity $18,524
Average loans $142,692
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5 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0309Sooner State Bank2 Southeast Fourth, Tuttle, OK 73089January 01, 1903Full Service Brick and Mortar
1181611Tri City Branch420 Northwest 32nd, Newcastle, OK 73065January 28, 1987Full Service Brick and Mortar
215063Newcastle BranchSecond And Wright Streets, Newcastle, OK 73065September 16, 1974Full Service Brick and Mortar
32693North Broadway BranchBroadway And First Street, Konawa, OK 74849March 05, 1905Full Service Brick and Mortar
4181612The Village Branch10301 North May Avenue, The Village, OK 73120Febuary 01, 1998Full Service Brick and Mortar
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