Bank of Drummond in Drummond, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 1998

Bank of Drummond in Drummond, Oklahoma (OK)
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Bank of Drummond - Overview

General
FDIC Certificate #: 16274
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Bank of Kremlin (#11526)
Federal Reserve ID: 274351
Date Established: June 11, 1945
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10463
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 11, 1945
Last Structure Change Effective Date: November 09, 1998
Last Structure Change Process Date: January 27, 1999
Last Data Update: January 27, 1999
Data Source Date: April 05, 2012
Location
Address: 320 Main Street, Drummond, OK 73735
County: Garfield
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
Metropolitan Statistical Area (MSA): Enid, OK (#2340)
Core Based Statistical Area (CBSA): Enid, OK (#21420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $16.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
8Total employees (full-time equivalent)
$16,200Total assets
$346Cash and due from depository institutions
$0Interest-bearing balances
$2,592Securities
$110Federal funds sold & reverse repurchase agreements
$12,530Net loans & leases
$423Loan loss allowance
$0Trading account assets
$223Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$399All other assets
$16,200Total liabilities and capital
$14,496Total liabilities
$13,173Total deposits
$11,554Interest-bearing deposits
$13,173Deposits held in domestic offices
0.00%% insured (estimated)
$1,213Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$110All other liabilities
$1,704Total equity capital
$1,704Total bank equity capital
$1,704Perpetual preferred stock
$0Common stock
$200Surplus
$900Undivided profits
Memoranda
$604Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$265Earning assets
$0Long-term assets (5+ years)
$183Average Assets, year-to-date
$15,232Average Assets, quarterly
$551Volatile liabilities
$15,719Insider loans
$15,928FHLB advances
$3,755Loans and leases held for sale
$78Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$801Total unused commitments
$0Restructured Loans and leases
$11,634Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,346Total interest income
$525Total interest expense
$821Net interest income
$201Provision for loan and lease losses
$155Total noninterest income
$0Fiduciary activities
$128Service charges on deposit accounts
$0Trading account gains & fees
$27Additional noninterest income
$533Total noninterest expense
$338Salaries and employee benefits
$78Premises and equipment expense
$117Additional noninterest expense
$242Pre-tax net operating income
-$1Securities gains (losses)
$73Applicable income taxes
$168Income before extraordinary items
$0Extraordinary gains - net
$168Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$141Sale, conversion, retirement of capital stock, net
$160Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.17%Yield on earning assets
3.58%Cost of funding earning assets
5.59%Net interest margin
1.06%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.53%Pretax return on assets
9.64%Return on equity (ROE)
0.46%Retained earnings to average equity (YTD only)
1.21%Net charge-offs to loans
142.55%Credit loss provision to net charge-offs
3.14%Efficiency ratio
54,611Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.24%Loss allowance to loans
3.27%Loss allowance to noncurrent loans
159.62%Noncurrent assets plus other real estate owned to assets
1.64%Noncurrent loans to loans
2.05%Net loans and leases to deposits
95.12%Net loans and leases to core deposits
117.86%Equity capital to assets
10.52%Core capital (leverage) ratio
10.63%Tier 1 risk-based capital ratio
14.59%Total risk-based capital ratio
Memoranda
$16Average assets
$15,719Average earning assets
$1,743Average equity
$14,685Average loans

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