Bank of the Lakes, National Association in city_name, state_name

Bank of the Lakes, National Association in Owasso, Oklahoma (OK)
Show street view No street view available for this location

Bank of the Lakes, National Association routing number info

Bank of the Lakes, National Association - Overview

General
FDIC Certificate #: 22353
Status: Active
Federal Reserve ID: 822257
Bank Holding Company (Regulatory Top Holder): Lake Bancshares Corporation (RSSDID: 1065417, Location: Owasso, OK)
Date Established: November 01, 1976
WWW: http://www.bankofthelakes.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 13970
FDIC's unique #: 15560
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 01, 1976
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
Location
Address: 12401 East 86th Street North, Owasso, OK 74055
County: Tulsa
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
Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
CBSA Metro Statistical Area: Tulsa, OK (#46140)
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $195.6 mil
Equity capital: $19.8 mil
Deposits held in domestic offices: $175.5 mil
Return on assets (ROA): 0.30% ($0.6 mil)
Quarterly return on assets: -0.32% (-$0.6 mil)
Return on Equity (ROE): 2.95% ($0.6 mil)
Quarterly return on equity: -3.12% (-$0.6 mil)
Net income: $0.6 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: 0.30% ($586.7 mil)
Quarterly Pretax return on assets: -0.32% (-$625.9 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
53Total employees (full-time equivalent)
$195,583Total assets
$12,910Cash and due from depository institutions
$2,379Interest-bearing balances
$9,470Securities
$14,721Federal funds sold & reverse repurchase agreements
$142,695Net loans & leases
$2,457Loan loss allowance
$0Trading account assets
$5,617Bank premises and fixed assets
$7,476Other real estate owned
$305Goodwill and other intangibles
$195,583Life insurance assets
$2,389All other assets
$175,778Total liabilities and capital
$175,510Total liabilities
$150,240Total deposits
$175,510Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$268Subordinated debt
$19,805All other liabilities
$19,805Total equity capital
$19,805Total bank equity capital
$0Perpetual preferred stock
$478Common stock
$3,222Surplus
$16,105Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,580Income earned, not collected on loans
$0Earning assets
$746Long-term assets (5+ years)
$169,265Average Assets, year-to-date
$9,432Average Assets, quarterly
$189,591Volatile liabilities
$193,981Insider loans
$164,561FHLB advances
$195,141Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,339Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,023Restructured Loans and leases
$3,004Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,302Total interest income
$2,058Total interest expense
$6,244Net interest income
$820Provision for loan and lease losses
$1,611Total noninterest income
$0Fiduciary activities
$791Service charges on deposit accounts
$0Trading account gains & fees
$820Additional noninterest income
$6,614Total noninterest expense
$2,652Salaries and employee benefits
$870Premises and equipment expense
$3,092Additional noninterest expense
$421Pre-tax net operating income
$149Securities gains (losses)
$0Applicable income taxes
$570Income before extraordinary items
$0Extraordinary gains - net
$570Net income attributable to bank
$0Net charge-offs
$570Cash dividends
$680Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.26%Cost of funding earning assets
3.82%Net interest margin
0.99%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
0.22%Net operating income to assets
0.30%Return on assets (ROA)
0.30%Pretax return on assets
2.95%Return on equity (ROE)
2.95%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
120.59%Credit loss provision to net charge-offs
1.83%Efficiency ratio
84,201Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
32.41%Noncurrent assets plus other real estate owned to assets
7.70%Noncurrent loans to loans
5.22%Net loans and leases to deposits
81.30%Net loans and leases to core deposits
85.14%Equity capital to assets
10.13%Core capital (leverage) ratio
9.91%Tier 1 risk-based capital ratio
11.75%Total risk-based capital ratio
Memoranda
$13Average assets
$189,591Average earning assets
$19,350Average equity
$163,429Average loans

List of branches

7 Oklahoma Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	15560	Bank Of The Lakes, National Association	12401 East 86th Street North, Owasso, OK 74055	November 01, 1976	Full Service Brick and Mortar
1	254429	Ketchum Branch	445 West Ketchum Ave, Ketchum, OK 74349	May 07, 1984	Full Service Brick and Mortar
2	254430	Bernice Branch	500 Highway 85a, Bernice, OK 74331	July 02, 1984	Full Service Brick and Mortar
3	266941	Collinsville Branch	118 North 11th, Collinsville, OK 74021	January 01, 1908	Full Service Brick and Mortar
4	254431	Langley Branch	1649 North 3rd Street, Langley, OK 74350	Febuary 18, 1997	Full Service Brick and Mortar
5	357135	Oologah Branch	105 South Elm, Oologah, OK 74053	April 01, 2000	Full Service Brick and Mortar
6	456484	Catoosa Branch	650 South Cherokee, Catoosa, OK 74015	September 01, 2006	Full Service Brick and Mortar

Bank of the Lakes, National Association in Owasso, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Lakes, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bank of the Lakes, National Association in Owasso, Oklahoma (OK)Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Lakes, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bank of the Lakes, National Association in Owasso, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches