The Bank of Kremlin in Kremlin, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Kremlin - Overview

  • 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
    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)

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
  • 53Total employees (full-time equivalent)
  • $247,039Total assets
  • $17,651Cash and due from depository institutions
  • $9,287Interest-bearing balances
  • $35,879Securities
  • $953Federal funds sold & reverse repurchase agreements
  • $180,506Net loans & leases
  • $3,006Loan loss allowance
  • $0Trading account assets
  • $1,252Bank premises and fixed assets
  • $0Other real estate owned
  • $69Goodwill and other intangibles
  • $247,039Life insurance assets
  • $10,729All other assets
  • $223,207Total liabilities and capital
  • $205,564Total liabilities
  • $166,010Total deposits
  • $205,564Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,388Trading liabilities
  • $0Other borrowed funds
  • $1,255Subordinated debt
  • $23,832All other liabilities
  • $23,832Total equity capital
  • $23,832Total bank equity capital
  • $0Perpetual preferred stock
  • $110Common stock
  • $990Surplus
  • $22,732Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,346Income earned, not collected on loans
  • $0Earning assets
  • $3,578Long-term assets (5+ years)
  • $226,625Average Assets, year-to-date
  • $58,031Average Assets, quarterly
  • $257,873Volatile liabilities
  • $250,733Insider loans
  • $192,848FHLB advances
  • $252,173Loans and leases held for sale
  • $5,206Unused loan commitments
  • $2,644Tier 1 (core) risk-based capital
  • $23,357Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,562Total unused commitments
  • $45,157Restructured Loans and leases
  • $2,665Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,876Total interest income
  • $2,453Total interest expense
  • $9,423Net interest income
  • $1,068Provision for loan and lease losses
  • $1,184Total noninterest income
  • $0Fiduciary activities
  • $749Service charges on deposit accounts
  • $0Trading account gains & fees
  • $435Additional noninterest income
  • $5,563Total noninterest expense
  • $3,508Salaries and employee benefits
  • $505Premises and equipment expense
  • $1,550Additional noninterest expense
  • $3,976Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $3,980Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,980Net income attributable to bank
  • $0Net charge-offs
  • $3,980Cash dividends
  • $818Sale, conversion, retirement of capital stock, net
  • $2,604Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 17.22%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 130.56%Credit loss provision to net charge-offs
  • 6.17%Efficiency ratio
  • 52,446Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.43%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 128.13%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 87.81%Net loans and leases to core deposits
  • 94.91%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.26%Tier 1 risk-based capital ratio
  • 12.11%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $257,873Average earning assets
  • $23,118Average equity
  • $240,404Average loans

List of branches

  • 6 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07366The Bank Of Kremlin102 6th Street, Kremlin, OK 73753May 01, 1900Full Service Brick and Mortar
    1224771North Enid Branch3915 North 4th Street, Enid, OK 73701March 30, 1993Full Service Brick and Mortar
    25738Goltry BranchMain And Broadway, Goltry, OK 73739January 01, 1902Full Service Brick and Mortar
    3224772Annex Bldg122 Main Street, Kremlin, OK 73753Febuary 01, 1991Limited Service Administrative
    410463Drummond Branch320 Main Street, Drummond, OK 73735June 11, 1945Full Service Brick and Mortar
    5455350Oakwood Branch430 S Oakwood Rd, Enid, OK 73703August 29, 2006Full Service Brick and Mortar

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