Stockmans Bank in Altus, Oklahoma (OK)



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Stockmans Bank
GeneralFDIC Certificate #: 12285
Status: Active
Federal Reserve ID: 284556
Bank Holding Company (Regulatory Top Holder): Reeves Bancshares, Inc. (RSSDID: 1057216, Location: Gould, OK)
Date Established: January 01, 1910
WWW: http://www.stockmansbankok.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 #: 14250
FDIC's unique #: 7807
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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: 3421 North Main, Altus, OK 73521
County: Jackson
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
Core Based Statistical Area (CBSA): Altus, OK (#11060)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $132.1 mil
Equity capital: $10.5 mil
Deposits held in domestic offices: $120.2 mil
Return on assets (ROA): 1.14% ($1.5 mil)
Quarterly return on assets: 1.72% ($2.3 mil)
Return on Equity (ROE): 14.39% ($1.4 mil)
Quarterly return on equity: 22.07% ($2.2 mil)
Net income: $1.4 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.14% ($1,505.4 mil)
Quarterly Pretax return on assets: 1.72% ($2,271.3 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)50
Total assets$132,054
Cash and due from depository institutions$5,039
Interest-bearing balances$16
Securities$4,080
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$115,015
Loan loss allowance $782
Trading account assets$0
Bank premises and fixed assets$2,642
Other real estate owned$303
Goodwill and other intangibles$0
All other assets$4,975
Life insurance assets$132,054
Total liabilities and capital$121,603
Total liabilities$120,236
Total deposits$98,335
Interest-bearing deposits$120,236
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $367
All other liabilities $10,451
Total equity capital$10,451
Total bank equity capital$10,451
Perpetual preferred stock$0
Common stock$150
Surplus$8,311
Undivided profits $1,990
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 $3,893
Earning assets $160
Long-term assets (5+ years) $1,855
Average Assets, year-to-date $119,111
Average Assets, quarterly $14,712
Volatile liabilities $125,238
Insider loans $130,069
FHLB advances $107,903
Loans and leases held for sale $129,754
Unused loan commitments $1,407
Tier 1 (core) risk-based capital $1,407
Tier 2 risk-based capital $10,385
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,194
Derivatives$2,915
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,023
Total interest expense $1,044
Net interest income $5,979
Provision for loan and lease losses $254
Total noninterest income $941
Fiduciary activities $0
Service charges on deposit accounts $660
Trading account gains & fees $0
Additional noninterest income $281
Total noninterest expense $5,231
Salaries and employee benefits $2,901
Premises and equipment expense $567
Additional noninterest expense $1,763
Pre-tax net operating income $1,435
Securities gains (losses) -$3
Applicable income taxes $0
Income before extraordinary items $1,432
Extraordinary gains - net $0
Net income attributable to bank $1,432
Net charge-offs $0
Cash dividends $1,432
Sale, conversion, retirement of capital stock, net $107
Net operating income $787
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.21%
Cost of funding earning assets 0.92%
Net interest margin 5.28%
Noninterest income to earning assets 0.83%
Noninterest expense to earning assets 4.62%
Net operating income to assets 1.15%
Return on assets (ROA) 1.14%
Pretax return on assets 1.14%
Return on equity (ROE) 14.39%
Retained earnings to average equity (YTD only) 6.48%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 237.38%
Efficiency ratio15.79%
Assets per employee$75,592
Cash dividends to net income (YTD only)2.64%
Condition Ratios (%)
Loss allowance to loans 54.96%
Loss allowance to noncurrent loans 0.68%
Noncurrent assets plus other real estate owned to assets 20.09%
Noncurrent loans to loans 3.18%
Net loans and leases to deposits3.36%
Net loans and leases to core deposits 95.66%
Equity capital to assets 105.60%
Core capital (leverage) ratio 7.91%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 9.62%
Memoranda
Average assets$10
Average earning assets$125,238
Average equity $9,950
Average loans $113,140
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5 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07807Stockmans Bank3421 North Main, Altus, OK 73521January 01, 1910Full Service Brick and Mortar
1226818Gould Branch100 Kennedy, Gould, OK 73544July 07, 1998Full Service Brick and Mortar
2419016Mangum Branch1400 N. Louis Tittle Avenue, Mangum, OK 73554April 11, 2003Full Service Brick and Mortar
3419891Hollis Branch201 E Broadway, Hollis, OK 73550July 29, 2002Full Service Brick and Mortar
4489670Stockmans Branch500 State Hwy 6, Eldorado, OK 73537March 16, 2009Full Service Brick and Mortar
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