Washita State Bank in Burns Flat, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Washita State Bank - Overview

  • General
  • FDIC Certificate #: 22430
    Status: Active
    Federal Reserve ID: 1856
    Date Established: March 11, 1977
    WWW: http://www.washitastatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 52628
    FDIC's unique #: 15629
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 11, 1977
    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: 701 S. Hwy 44, Burns Flat, OK 73624
    County: Washita
    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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $144.7 mil
    Equity capital: $21.7 mil
    Deposits held in domestic offices: $68.7 mil
    Return on assets (ROA): 2.92% ($4.2 mil)
    Quarterly return on assets: -1.21% (-$1.8 mil)
    Return on Equity (ROE): 21.40% ($4.7 mil)
    Quarterly return on equity: -7.95% (-$1.7 mil)
    Net income: $4.6 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: 2.92% ($4,225.6 mil)
    Quarterly Pretax return on assets: -1.21% (-$1,751.0 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
  • 7Total employees (full-time equivalent)
  • $144,714Total assets
  • $53,717Cash and due from depository institutions
  • $53,145Interest-bearing balances
  • $35,682Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $51,262Net loans & leases
  • $809Loan loss allowance
  • $0Trading account assets
  • $424Bank premises and fixed assets
  • $33Other real estate owned
  • $98Goodwill and other intangibles
  • $144,715Life insurance assets
  • $3,498All other assets
  • $122,989Total liabilities and capital
  • $68,707Total liabilities
  • $66,540Total deposits
  • $68,707Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $54,000Trading liabilities
  • $0Other borrowed funds
  • $282Subordinated debt
  • $21,726All other liabilities
  • $21,726Total equity capital
  • $21,726Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $17,782Surplus
  • $3,444Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39Income earned, not collected on loans
  • $0Earning assets
  • $418Long-term assets (5+ years)
  • $140,089Average Assets, year-to-date
  • $43,833Average Assets, quarterly
  • $156,561Volatile liabilities
  • $147,648Insider loans
  • $67,815FHLB advances
  • $146,978Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,860Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $198Restructured Loans and leases
  • $56Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,661Total interest income
  • $4,834Total interest expense
  • $1,827Net interest income
  • $297Provision for loan and lease losses
  • $95Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $1,503Total noninterest expense
  • $322Salaries and employee benefits
  • $120Premises and equipment expense
  • $1,061Additional noninterest expense
  • $122Pre-tax net operating income
  • $4,456Securities gains (losses)
  • $0Applicable income taxes
  • $4,578Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,578Net income attributable to bank
  • $0Net charge-offs
  • $4,578Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 3.20%Cost of funding earning assets
  • 1.21%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 2.92%Return on assets (ROA)
  • 2.92%Pretax return on assets
  • 21.40%Return on equity (ROE)
  • 21.40%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 303.06%Credit loss provision to net charge-offs
  • 4.28%Efficiency ratio
  • 78,200Assets per employee
  • 20.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 2074.36%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 74.61%Net loans and leases to core deposits
  • 461.90%Equity capital to assets
  • 15.01%Core capital (leverage) ratio
  • 14.87%Tier 1 risk-based capital ratio
  • 32.23%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $156,561Average earning assets
  • $21,396Average equity
  • $151,010Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015629Washita State Bank701 S. Hwy 44, Burns Flat, OK 73624March 11, 1977Full Service Brick and Mortar

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