Stockmans Bank in Altus, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Stockmans Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 50Total employees (full-time equivalent)
  • $132,054Total assets
  • $5,039Cash and due from depository institutions
  • $16Interest-bearing balances
  • $4,080Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,015Net loans & leases
  • $782Loan loss allowance
  • $0Trading account assets
  • $2,642Bank premises and fixed assets
  • $303Other real estate owned
  • $0Goodwill and other intangibles
  • $132,054Life insurance assets
  • $4,975All other assets
  • $121,603Total liabilities and capital
  • $120,236Total liabilities
  • $98,335Total deposits
  • $120,236Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $367Subordinated debt
  • $10,451All other liabilities
  • $10,451Total equity capital
  • $10,451Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $8,311Surplus
  • $1,990Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,893Income earned, not collected on loans
  • $160Earning assets
  • $1,855Long-term assets (5+ years)
  • $119,111Average Assets, year-to-date
  • $14,712Average Assets, quarterly
  • $125,238Volatile liabilities
  • $130,069Insider loans
  • $107,903FHLB advances
  • $129,754Loans and leases held for sale
  • $1,407Unused loan commitments
  • $1,407Tier 1 (core) risk-based capital
  • $10,385Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,194Restructured Loans and leases
  • $2,915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,023Total interest income
  • $1,044Total interest expense
  • $5,979Net interest income
  • $254Provision for loan and lease losses
  • $941Total noninterest income
  • $0Fiduciary activities
  • $660Service charges on deposit accounts
  • $0Trading account gains & fees
  • $281Additional noninterest income
  • $5,231Total noninterest expense
  • $2,901Salaries and employee benefits
  • $567Premises and equipment expense
  • $1,763Additional noninterest expense
  • $1,435Pre-tax net operating income
  • -$3Securities gains (losses)
  • $0Applicable income taxes
  • $1,432Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,432Net income attributable to bank
  • $0Net charge-offs
  • $1,432Cash dividends
  • $107Sale, conversion, retirement of capital stock, net
  • $787Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 5.28%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 4.62%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 14.39%Return on equity (ROE)
  • 6.48%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 237.38%Credit loss provision to net charge-offs
  • 15.79%Efficiency ratio
  • 75,592Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.96%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 20.09%Noncurrent assets plus other real estate owned to assets
  • 3.18%Noncurrent loans to loans
  • 3.36%Net loans and leases to deposits
  • 95.66%Net loans and leases to core deposits
  • 105.60%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 9.62%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $125,238Average earning assets
  • $9,950Average equity
  • $113,140Average loans

List of branches

  • 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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