Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Welch State Bank of Welch, Okla. - Overview

  • General
  • FDIC Certificate #: 9472
    Status: Active
    Federal Reserve ID: 416656
    Bank Holding Company (Regulatory Top Holder): Welch Bancshares, Inc. (RSSDID: 1061660, Location: Welch, OK)
    Date Established: October 01, 1923
    WWW: http://www.welchstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 9847
    FDIC's unique #: 6087
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 15, 2011
    Last Structure Change Process Date: Febuary 02, 2011
    Last Data Update: Febuary 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 396 S Commercial Street, Welch, OK 74369
    County: Craig
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $201.0 mil
    Equity capital: $23.1 mil
    Deposits held in domestic offices: $161.3 mil
    Return on assets (ROA): 1.80% ($3.6 mil)
    Quarterly return on assets: 2.16% ($4.3 mil)
    Return on Equity (ROE): 16.56% ($3.8 mil)
    Quarterly return on equity: 18.86% ($4.3 mil)
    Net income: $3.6 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.80% ($3,618.7 mil)
    Quarterly Pretax return on assets: 2.16% ($4,342.4 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
  • 57Total employees (full-time equivalent)
  • $201,038Total assets
  • $2,493Cash and due from depository institutions
  • $165Interest-bearing balances
  • $55,919Securities
  • $216Federal funds sold & reverse repurchase agreements
  • $130,300Net loans & leases
  • $2,887Loan loss allowance
  • $0Trading account assets
  • $2,312Bank premises and fixed assets
  • $103Other real estate owned
  • $434Goodwill and other intangibles
  • $201,038Life insurance assets
  • $9,261All other assets
  • $177,934Total liabilities and capital
  • $161,274Total liabilities
  • $152,347Total deposits
  • $161,274Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 2409.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,848Trading liabilities
  • $0Other borrowed funds
  • $1,403Subordinated debt
  • $23,104All other liabilities
  • $23,104Total equity capital
  • $23,104Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $850Surplus
  • $22,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,378Income earned, not collected on loans
  • $0Earning assets
  • $1,818Long-term assets (5+ years)
  • $186,600Average Assets, year-to-date
  • $54,537Average Assets, quarterly
  • $201,732Volatile liabilities
  • $201,873Insider loans
  • $129,746FHLB advances
  • $201,004Loans and leases held for sale
  • $5,406Unused loan commitments
  • $5,406Tier 1 (core) risk-based capital
  • $21,710Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,163Restructured Loans and leases
  • $342Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,377Total interest income
  • $2,644Total interest expense
  • $8,733Net interest income
  • $360Provision for loan and lease losses
  • $1,557Total noninterest income
  • $0Fiduciary activities
  • $1,064Service charges on deposit accounts
  • $0Trading account gains & fees
  • $493Additional noninterest income
  • $6,323Total noninterest expense
  • $3,894Salaries and employee benefits
  • $554Premises and equipment expense
  • $1,875Additional noninterest expense
  • $3,607Pre-tax net operating income
  • $19Securities gains (losses)
  • $0Applicable income taxes
  • $3,626Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,626Net income attributable to bank
  • $0Net charge-offs
  • $3,626Cash dividends
  • $523Sale, conversion, retirement of capital stock, net
  • $1,660Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 4.75%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 1.79%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 16.56%Return on equity (ROE)
  • 8.98%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 68.83%Credit loss provision to net charge-offs
  • 7.59%Efficiency ratio
  • 60,603Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.78%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 209.51%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 80.79%Net loans and leases to core deposits
  • 103.91%Equity capital to assets
  • 11.49%Core capital (leverage) ratio
  • 10.80%Tier 1 risk-based capital ratio
  • 16.73%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $201,732Average earning assets
  • $21,892Average equity
  • $183,880Average loans

List of branches

  • 3 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06087Welch State Bank Of Welch, Okla.396 S Commercial Street, Welch, OK 74369October 01, 1923Full Service Brick and Mortar
    1419394Miami Branch2525 N Main, Miami, OK 74354April 01, 2002Full Service Brick and Mortar
    2202341South Coffeyville Branch306 Willow Street, South Coffeyville, OK 74072December 11, 1995Full Service Brick and Mortar

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