The Bank of Commerce, Wetumka, Oklahoma - Overview
General
FDIC Certificate #: 10675 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Security Bank & Trust Company (#10667) Federal Reserve ID: 966656 Date Established: October 14, 1932 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 6849 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 23, 2008 Last Structure Change Process Date: August 26, 2008 Last Data Update: August 26, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, Wetumka, OK 74883 County: Hughes 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
Financial Summary
Total assets: $39.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
25Total employees (full-time equivalent)
$38,714Total assets
$1,757Cash and due from depository institutions
$18Interest-bearing balances
$3,548Securities
$10Federal funds sold & reverse repurchase agreements
$29,971Net loans & leases
$319Loan loss allowance
$0Trading account assets
$2,772Bank premises and fixed assets
$71Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$585All other assets
$38,714Total liabilities and capital
$35,455Total liabilities
$33,731Total deposits
$25,077Interest-bearing deposits
$33,731Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$224All other liabilities
$3,259Total equity capital
$3,259Total bank equity capital
$3,259Perpetual preferred stock
$0Common stock
$111Surplus
$339Undivided profits
Memoranda
$2,809Noncurrent loans and leases
$1,523Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$310Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$33,547Average Assets, quarterly
$3,381Volatile liabilities
$37,803Insider loans
$38,628FHLB advances
$5,694Loans and leases held for sale
$370Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,523Total unused commitments
$0Restructured Loans and leases
$319Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,767Total interest income
$756Total interest expense
$2,011Net interest income
$60Provision for loan and lease losses
$505Total noninterest income
$0Fiduciary activities
$355Service charges on deposit accounts
$0Trading account gains & fees
$150Additional noninterest income
$1,731Total noninterest expense
$923Salaries and employee benefits
$328Premises and equipment expense
$480Additional noninterest expense
$725Pre-tax net operating income
$0Securities gains (losses)
$279Applicable income taxes
$446Income before extraordinary items
$0Extraordinary gains - net
$446Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$20Sale, conversion, retirement of capital stock, net
$320Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.42%Yield on earning assets
2.30%Cost of funding earning assets
6.12%Net interest margin
1.54%Noninterest income to earning assets
5.27%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.92%Pretax return on assets
13.85%Return on equity (ROE)
3.91%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
300.00%Credit loss provision to net charge-offs
39.25%Efficiency ratio
68,800Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.75%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
102.90%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
1.02%Net loans and leases to deposits
88.85%Net loans and leases to core deposits
106.90%Equity capital to assets
8.42%Core capital (leverage) ratio
8.37%Tier 1 risk-based capital ratio
11.00%Total risk-based capital ratio
Memoranda
$12Average assets
$37,803Average earning assets
$3,220Average equity
$32,847Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Commerce, Wetumka, Oklahoma.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: