The State Exchange Bank in Lamont, Oklahoma (OK)



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The State Exchange Bank
GeneralFDIC Certificate #: 13551
Status: Active
Federal Reserve ID: 354851
Bank Holding Company (Regulatory Top Holder): State Exchange Bancshares, Inc. (RSSDID: 1062500, Location: Lamont, OK)
Date Established: October 01, 1901
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 8473
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: No
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: 101 South Main Street, Lamont, OK 74643
County: Grant
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $55.1 mil
Equity capital: $5.8 mil
Deposits held in domestic offices: $42.9 mil
Return on assets (ROA): 0.94% ($0.5 mil)
Quarterly return on assets: 0.71% ($0.4 mil)
Return on Equity (ROE): 10.07% ($0.6 mil)
Quarterly return on equity: 7.04% ($0.4 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.55% ($853.8 mil)
Quarterly Pretax return on assets: 1.15% ($633.5 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)12
Total assets$55,085
Cash and due from depository institutions$13,598
Interest-bearing balances$12,470
Securities$4,635
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$34,779
Loan loss allowance $1,529
Trading account assets$0
Bank premises and fixed assets$55
Other real estate owned$100
Goodwill and other intangibles$0
All other assets$1,918
Life insurance assets$55,085
Total liabilities and capital$49,284
Total liabilities$42,869
Total deposits$31,566
Interest-bearing deposits$42,869
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,350
Other borrowed funds $0
Subordinated debt $65
All other liabilities $5,801
Total equity capital$5,801
Total bank equity capital$5,801
Perpetual preferred stock$0
Common stock$250
Surplus$2,150
Undivided profits $3,401
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 $1,946
Earning assets $0
Long-term assets (5+ years) $616
Average Assets, year-to-date $51,884
Average Assets, quarterly $17,724
Volatile liabilities $59,207
Insider loans $56,834
FHLB advances $33,104
Loans and leases held for sale $56,952
Unused loan commitments $350
Tier 1 (core) risk-based capital $350
Tier 2 risk-based capital $5,781
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,907
Derivatives$3
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,963
Total interest expense $627
Net interest income $2,336
Provision for loan and lease losses $0
Total noninterest income $235
Fiduciary activities $0
Service charges on deposit accounts $35
Trading account gains & fees $0
Additional noninterest income $200
Total noninterest expense $1,659
Salaries and employee benefits $842
Premises and equipment expense $79
Additional noninterest expense $738
Pre-tax net operating income $912
Securities gains (losses) $6
Applicable income taxes $360
Income before extraordinary items $558
Extraordinary gains - net $0
Net income attributable to bank $558
Net charge-offs $0
Cash dividends $558
Sale, conversion, retirement of capital stock, net $152
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.28%
Cost of funding earning assets 1.12%
Net interest margin 4.17%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.94%
Return on assets (ROA) 0.94%
Pretax return on assets 1.55%
Return on equity (ROE) 10.07%
Retained earnings to average equity (YTD only) 10.07%
Net charge-offs to loans 0.40%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio6.00%
Assets per employee$64,527
Cash dividends to net income (YTD only)4.59%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.21%
Noncurrent assets plus other real estate owned to assets 78.57%
Noncurrent loans to loans 3.71%
Net loans and leases to deposits5.36%
Net loans and leases to core deposits 81.13%
Equity capital to assets 84.53%
Core capital (leverage) ratio 10.53%
Tier 1 risk-based capital ratio 10.15%
Total risk-based capital ratio 17.46%
Memoranda
Average assets$19
Average earning assets$59,207
Average equity $5,541
Average loans $56,074
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1 Oklahoma Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08473The State Exchange Bank101 South Main Street, Lamont, OK 74643October 01, 1901Full Service Brick and Mortar
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