The Bank of Kremlin in Kremlin, Oklahoma (OK)
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| The Bank of Kremlin | |
|---|---|
| General | FDIC Certificate #: 11526 Status: Active Federal Reserve ID: 883959 Bank Holding Company (Regulatory Top Holder): Kremlin Bancshares, Inc. (RSSDID: 2552334, Location: Kremlin, OK) Date Established: May 01, 1900 WWW: http://www.bankofkremlin.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Domestic: 6, Interstate: No) FDIC's unique #: 7366 Numeric code: 13 Regulator: FED 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: 102 6th Street, Kremlin, OK 73753 County: Garfield 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 Metropolitan Statistical Area (MSA): Enid, OK (#2340) Core Based Statistical Area (CBSA): Enid, OK (#21420) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $247.0 mil Equity capital: $23.8 mil Deposits held in domestic offices: $205.6 mil Return on assets (ROA): 1.54% ($3.8 mil) Quarterly return on assets: 1.09% ($2.7 mil) Return on Equity (ROE): 17.22% ($4.1 mil) Quarterly return on equity: 11.61% ($2.8 mil) Net income: $4.0 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.54% ($3,804.4 mil) Quarterly Pretax return on assets: 1.09% ($2,692.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 53 |
| Total assets | $247,039 |
| Cash and due from depository institutions | $17,651 |
| Interest-bearing balances | $9,287 |
| Securities | $35,879 |
| Federal funds sold & reverse repurchase agreements | $953 |
| Net loans & leases | $180,506 |
| Loan loss allowance | $3,006 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,252 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $69 |
| All other assets | $10,729 |
| Life insurance assets | $247,039 |
| Total liabilities and capital | $223,207 |
| Total liabilities | $205,564 |
| Total deposits | $166,010 |
| Interest-bearing deposits | $205,564 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $16,388 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,255 |
| All other liabilities | $23,832 |
| Total equity capital | $23,832 |
| Total bank equity capital | $23,832 |
| Perpetual preferred stock | $0 |
| Common stock | $110 |
| Surplus | $990 |
| Undivided profits | $22,732 |
| 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 | $2,346 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,578 |
| Average Assets, year-to-date | $226,625 |
| Average Assets, quarterly | $58,031 |
| Volatile liabilities | $257,873 |
| Insider loans | $250,733 |
| FHLB advances | $192,848 |
| Loans and leases held for sale | $252,173 |
| Unused loan commitments | $5,206 |
| Tier 1 (core) risk-based capital | $2,644 |
| Tier 2 risk-based capital | $23,357 |
| Total risk weighted assets | $0 |
| Total unused commitments | $2,562 |
| Restructured Loans and leases | $45,157 |
| Derivatives | $2,665 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,876 |
| Total interest expense | $2,453 |
| Net interest income | $9,423 |
| Provision for loan and lease losses | $1,068 |
| Total noninterest income | $1,184 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $749 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $435 |
| Total noninterest expense | $5,563 |
| Salaries and employee benefits | $3,508 |
| Premises and equipment expense | $505 |
| Additional noninterest expense | $1,550 |
| Pre-tax net operating income | $3,976 |
| Securities gains (losses) | $4 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $3,980 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,980 |
| Net charge-offs | $0 |
| Cash dividends | $3,980 |
| Sale, conversion, retirement of capital stock, net | $818 |
| Net operating income | $2,604 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.94% |
| Cost of funding earning assets | 1.02% |
| Net interest margin | 3.92% |
| Noninterest income to earning assets | 0.49% |
| Noninterest expense to earning assets | 2.31% |
| Net operating income to assets | 1.54% |
| Return on assets (ROA) | 1.54% |
| Pretax return on assets | 1.54% |
| Return on equity (ROE) | 17.22% |
| Retained earnings to average equity (YTD only) | 5.95% |
| Net charge-offs to loans | 0.44% |
| Credit loss provision to net charge-offs | 130.56% |
| Efficiency ratio | 6.17% |
| Assets per employee | $52,446 |
| Cash dividends to net income (YTD only) | 4.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 65.43% |
| Loss allowance to noncurrent loans | 1.64% |
| Noncurrent assets plus other real estate owned to assets | 128.13% |
| Noncurrent loans to loans | 0.95% |
| Net loans and leases to deposits | 1.28% |
| Net loans and leases to core deposits | 87.81% |
| Equity capital to assets | 94.91% |
| Core capital (leverage) ratio | 9.65% |
| Tier 1 risk-based capital ratio | 9.26% |
| Total risk-based capital ratio | 12.11% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $257,873 |
| Average equity | $23,118 |
| Average loans | $240,404 |
| 6 Oklahoma Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7366 | The Bank Of Kremlin | 102 6th Street, Kremlin, OK 73753 | May 01, 1900 | Full Service Brick and Mortar |  |
| 1 | 224771 | North Enid Branch | 3915 North 4th Street, Enid, OK 73701 | March 30, 1993 | Full Service Brick and Mortar |  |
| 2 | 5738 | Goltry Branch | Main And Broadway, Goltry, OK 73739 | January 01, 1902 | Full Service Brick and Mortar | |
| 3 | 224772 | Annex Bldg | 122 Main Street, Kremlin, OK 73753 | Febuary 01, 1991 | Limited Service Administrative | |
| 4 | 10463 | Drummond Branch | 320 Main Street, Drummond, OK 73735 | June 11, 1945 | Full Service Brick and Mortar | |
| 5 | 455350 | Oakwood Branch | 430 S Oakwood Rd, Enid, OK 73703 | August 29, 2006 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.