Spiro State Bank in Spiro, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Spiro State Bank - Overview

  • General
  • FDIC Certificate #: 16908
    Status: Active
    Federal Reserve ID: 397858
    Bank Holding Company (Regulatory Top Holder): Spiro Bancshares, Inc. (RSSDID: 1063271, Location: Spiro, OK)
    Date Established: May 15, 1950
    WWW: http://www.spirostatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 10994
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 15, 1950
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 17, 2010
    Last Data Update: June 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1008 West Broadway, Spiro, OK 74959
    County: Le Flore
    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): Fort Smith, AR-OK (#22900)
    CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $51.4 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $45.0 mil
    Return on assets (ROA): 0.10% ($0.1 mil)
    Quarterly return on assets: -0.19% (-$0.1 mil)
    Return on Equity (ROE): 0.86% ($0.1 mil)
    Quarterly return on equity: -1.50% (-$0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.03% ($15.4 mil)
    Quarterly Pretax return on assets: -0.48% (-$246.9 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
  • 29Total employees (full-time equivalent)
  • $51,439Total assets
  • $10,818Cash and due from depository institutions
  • $2,543Interest-bearing balances
  • $24,125Securities
  • $121Federal funds sold & reverse repurchase agreements
  • $15,345Net loans & leases
  • $400Loan loss allowance
  • $0Trading account assets
  • $341Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $51,439Life insurance assets
  • $689All other assets
  • $45,059Total liabilities and capital
  • $44,953Total liabilities
  • $29,754Total deposits
  • $44,953Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $106Subordinated debt
  • $6,380All other liabilities
  • $6,380Total equity capital
  • $6,380Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $800Surplus
  • $4,780Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $103Income earned, not collected on loans
  • $0Earning assets
  • $370Long-term assets (5+ years)
  • $42,134Average Assets, year-to-date
  • $6,894Average Assets, quarterly
  • $52,268Volatile liabilities
  • $51,838Insider loans
  • $21,775FHLB advances
  • $52,511Loans and leases held for sale
  • $191Unused loan commitments
  • $191Tier 1 (core) risk-based capital
  • $6,203Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $978Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,686Total interest income
  • $164Total interest expense
  • $1,522Net interest income
  • $25Provision for loan and lease losses
  • $545Total noninterest income
  • $0Fiduciary activities
  • $397Service charges on deposit accounts
  • $0Trading account gains & fees
  • $148Additional noninterest income
  • $2,026Total noninterest expense
  • $1,247Salaries and employee benefits
  • $338Premises and equipment expense
  • $441Additional noninterest expense
  • $16Pre-tax net operating income
  • $0Securities gains (losses)
  • -$38Applicable income taxes
  • $54Income before extraordinary items
  • $0Extraordinary gains - net
  • $54Net income attributable to bank
  • $0Net charge-offs
  • $54Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.88%Yield on earning assets
  • 0.38%Cost of funding earning assets
  • 3.50%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.86%Return on equity (ROE)
  • 0.86%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 1.64%Efficiency ratio
  • 98,016Assets per employee
  • 1.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 388.35%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 34.14%Net loans and leases to core deposits
  • 34.33%Equity capital to assets
  • 12.40%Core capital (leverage) ratio
  • 11.81%Tier 1 risk-based capital ratio
  • 28.49%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $52,268Average earning assets
  • $6,287Average equity
  • $43,485Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010994Spiro State Bank1008 West Broadway, Spiro, OK 74959May 15, 1950Full Service Brick and Mortar
    14064Talihina Branch408 Dallas Street, Talihina, OK 74571September 10, 1930Full Service Brick and Mortar

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