Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)

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Welch State Bank of Welch, Okla. routing number info

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Welch State Bank of Welch, Okla.
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)57
Total assets$201,038
Cash and due from depository institutions$2,493
Interest-bearing balances$165
Federal funds sold & reverse repurchase agreements$216
Net loans & leases$130,300
Loan loss allowance $2,887
Trading account assets$0
Bank premises and fixed assets$2,312
Other real estate owned$103
Goodwill and other intangibles$434
All other assets$9,261
Life insurance assets$201,038
Total liabilities and capital$177,934
Total liabilities$161,274
Total deposits$152,347
Interest-bearing deposits$161,274
Deposits held in domestic offices$87
% insured (estimated)2409.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,848
Other borrowed funds $0
Subordinated debt $1,403
All other liabilities $23,104
Total equity capital$23,104
Total bank equity capital$23,104
Perpetual preferred stock$0
Common stock$150
Undivided profits $22,104
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 $1,378
Earning assets $0
Long-term assets (5+ years) $1,818
Average Assets, year-to-date $186,600
Average Assets, quarterly $54,537
Volatile liabilities $201,732
Insider loans $201,873
FHLB advances $129,746
Loans and leases held for sale $201,004
Unused loan commitments $5,406
Tier 1 (core) risk-based capital $5,406
Tier 2 risk-based capital $21,710
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,163
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,377
Total interest expense $2,644
Net interest income $8,733
Provision for loan and lease losses $360
Total noninterest income $1,557
Fiduciary activities $0
Service charges on deposit accounts $1,064
Trading account gains & fees $0
Additional noninterest income $493
Total noninterest expense $6,323
Salaries and employee benefits $3,894
Premises and equipment expense $554
Additional noninterest expense $1,875
Pre-tax net operating income $3,607
Securities gains (losses) $19
Applicable income taxes $0
Income before extraordinary items $3,626
Extraordinary gains - net $0
Net income attributable to bank $3,626
Net charge-offs $0
Cash dividends $3,626
Sale, conversion, retirement of capital stock, net $523
Net operating income $1,660
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.19%
Cost of funding earning assets 1.44%
Net interest margin 4.75%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 3.44%
Net operating income to assets 1.79%
Return on assets (ROA) 1.80%
Pretax return on assets 1.80%
Return on equity (ROE) 16.56%
Retained earnings to average equity (YTD only) 8.98%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 68.83%
Efficiency ratio7.59%
Assets per employee$60,603
Cash dividends to net income (YTD only)3.53%
Condition Ratios (%)
Loss allowance to loans 45.78%
Loss allowance to noncurrent loans 2.17%
Noncurrent assets plus other real estate owned to assets 209.51%
Noncurrent loans to loans 0.74%
Net loans and leases to deposits1.03%
Net loans and leases to core deposits 80.79%
Equity capital to assets 103.91%
Core capital (leverage) ratio 11.49%
Tier 1 risk-based capital ratio 10.80%
Total risk-based capital ratio 16.73%
Average assets$18
Average earning assets$201,732
Average equity $21,892
Average loans $183,880
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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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