FDIC Certificate #: 57915 Status: Active Federal Reserve ID: 3286999 Date Established: June 09, 2005 WWW:http://www.bankofgrove.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 #: 17987 FDIC's unique #: 430629 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: June 09, 2005 Last Structure Change Effective Date: November 19, 2010 Last Structure Change Process Date: November 19, 2010 Last Data Update: November 19, 2010 Data Source Date: April 05, 2012
Location
Address: 201 East 18th Street, Grove, OK 74344 County: Delaware 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
Financial Summary
Total assets: $90.7 mil Equity capital: $6.8 mil Deposits held in domestic offices: $66.8 mil Return on assets (ROA): 0.79% ($0.7 mil) Quarterly return on assets: -2.14% (-$1.9 mil) Return on Equity (ROE): 10.58% ($0.7 mil) Quarterly return on equity: -28.13% (-$2.0 mil) Net income: $0.7 mil Quarterly Net income: -$0.5 mil Pretax return on assets: 0.79% ($716.4 mil) Quarterly Pretax return on assets: -2.14% (-$1,940.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$90,686Total assets
$4,441Cash and due from depository institutions
$3,382Interest-bearing balances
$6,035Securities
$424Federal funds sold & reverse repurchase agreements
$74,841Net loans & leases
$810Loan loss allowance
$0Trading account assets
$2,589Bank premises and fixed assets
$200Other real estate owned
$0Goodwill and other intangibles
$90,686Life insurance assets
$2,156All other assets
$83,924Total liabilities and capital
$66,783Total liabilities
$59,400Total deposits
$66,783Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$17,000Trading liabilities
$0Other borrowed funds
$141Subordinated debt
$6,762All other liabilities
$6,762Total equity capital
$6,762Total bank equity capital
$0Perpetual preferred stock
$3,000Common stock
$3,000Surplus
$762Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$327Income earned, not collected on loans
$0Earning assets
$386Long-term assets (5+ years)
$84,682Average Assets, year-to-date
$33,671Average Assets, quarterly
$93,117Volatile liabilities
$93,799Insider loans
$67,312FHLB advances
$92,063Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,762Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,965Restructured Loans and leases
$1,864Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,754Total interest income
$1,235Total interest expense
$3,519Net interest income
$822Provision for loan and lease losses
$428Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$249Additional noninterest income
$2,394Total noninterest expense
$1,109Salaries and employee benefits
$244Premises and equipment expense
$1,041Additional noninterest expense
$731Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$731Income before extraordinary items
$0Extraordinary gains - net
$731Net income attributable to bank
$0Net charge-offs
$731Cash dividends
$815Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.43%Yield on earning assets
1.41%Cost of funding earning assets
4.02%Net interest margin
0.49%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
0.79%Pretax return on assets
10.58%Return on equity (ROE)
3.34%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
100.86%Credit loss provision to net charge-offs
1.91%Efficiency ratio
60,654Assets per employee
5.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.40%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
247.71%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.43%Net loans and leases to deposits
112.07%Net loans and leases to core deposits
131.78%Equity capital to assets
7.46%Core capital (leverage) ratio
7.34%Tier 1 risk-based capital ratio
10.05%Total risk-based capital ratio
Memoranda
$11Average assets
$93,117Average earning assets
$6,911Average equity
$87,576Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
430629
Bank Of Grove
201 East 18th Street, Grove, OK 74344
June 09, 2005
Full Service Brick and Mortar
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