Washita State Bank in Burns Flat, Oklahoma (OK)



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Washita State Bank routing number info

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Washita State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)7
Total assets$144,714
Cash and due from depository institutions$53,717
Interest-bearing balances$53,145
Securities$35,682
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$51,262
Loan loss allowance $809
Trading account assets$0
Bank premises and fixed assets$424
Other real estate owned$33
Goodwill and other intangibles$98
All other assets$3,498
Life insurance assets$144,715
Total liabilities and capital$122,989
Total liabilities$68,707
Total deposits$66,540
Interest-bearing deposits$68,707
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$54,000
Other borrowed funds $0
Subordinated debt $282
All other liabilities $21,726
Total equity capital$21,726
Total bank equity capital$21,726
Perpetual preferred stock$0
Common stock$500
Surplus$17,782
Undivided profits $3,444
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 $39
Earning assets $0
Long-term assets (5+ years) $418
Average Assets, year-to-date $140,089
Average Assets, quarterly $43,833
Volatile liabilities $156,561
Insider loans $147,648
FHLB advances $67,815
Loans and leases held for sale $146,978
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,860
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $198
Derivatives$56
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,661
Total interest expense $4,834
Net interest income $1,827
Provision for loan and lease losses $297
Total noninterest income $95
Fiduciary activities $0
Service charges on deposit accounts $53
Trading account gains & fees $0
Additional noninterest income $42
Total noninterest expense $1,503
Salaries and employee benefits $322
Premises and equipment expense $120
Additional noninterest expense $1,061
Pre-tax net operating income $122
Securities gains (losses) $4,456
Applicable income taxes $0
Income before extraordinary items $4,578
Extraordinary gains - net $0
Net income attributable to bank $4,578
Net charge-offs $0
Cash dividends $4,578
Sale, conversion, retirement of capital stock, net $98
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 assets4.41%
Cost of funding earning assets 3.20%
Net interest margin 1.21%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 1.00%
Net operating income to assets 0.08%
Return on assets (ROA) 2.92%
Pretax return on assets 2.92%
Return on equity (ROE) 21.40%
Retained earnings to average equity (YTD only) 21.40%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 303.06%
Efficiency ratio4.28%
Assets per employee$78,200
Cash dividends to net income (YTD only)20.67%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.55%
Noncurrent assets plus other real estate owned to assets 2074.36%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 74.61%
Equity capital to assets 461.90%
Core capital (leverage) ratio 15.01%
Tier 1 risk-based capital ratio 14.87%
Total risk-based capital ratio 32.23%
Memoranda
Average assets$33
Average earning assets$156,561
Average equity $21,396
Average loans $151,010
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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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