Boswell State Bank in Boswell, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 11, 1997

Boswell State Bank in Boswell, Oklahoma (OK)
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Boswell State Bank - Overview

General
FDIC Certificate #: 16564
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Texoma National Bank (#13905)
Federal Reserve ID: 233750
Date Established: April 14, 1947
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 10712
Numeric code: 13
Regulator: FED
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: April 14, 1947
Last Structure Change Effective Date: August 11, 1997
Last Structure Change Process Date: September 10, 1997
Last Data Update: September 10, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Boswell, OK 74727
County: Choctaw
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: $10.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$9,758Cash and due from depository institutions
$913Interest-bearing balances
$0Securities
$2,275Federal funds sold & reverse repurchase agreements
$550Net loans & leases
$5,308Loan loss allowance
$99Trading account assets
$0Bank premises and fixed assets
$453Other real estate owned
$19Goodwill and other intangibles
$240Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,758Total liabilities
$8,791Total deposits
$8,735Interest-bearing deposits
$6,446Deposits held in domestic offices
8735.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$56Total equity capital
$56Total bank equity capital
$967Perpetual preferred stock
$0Common stock
$200Surplus
$175Undivided profits
Memoranda
$592Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$50Income earned, not collected on loans
$152Earning assets
$8,133Long-term assets (5+ years)
$294Average Assets, year-to-date
$9,701Average Assets, quarterly
$9,729Volatile liabilities
$991Insider loans
$225FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$223Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$962Total risk weighted assets
$6,312Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$844Total interest expense
$273Net interest income
$571Provision for loan and lease losses
$3Total noninterest income
$175Fiduciary activities
$0Service charges on deposit accounts
$130Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$571Salaries and employee benefits
$298Premises and equipment expense
$107Additional noninterest expense
$166Pre-tax net operating income
$172Securities gains (losses)
$0Applicable income taxes
$8Income before extraordinary items
$164Extraordinary gains - net
$0Net income attributable to bank
$164Net charge-offs
$23Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.26%Cost of funding earning assets
3.32%Net interest margin
6.94%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
6.94%Net operating income to assets
1.69%Return on assets (ROA)
1.69%Pretax return on assets
1.77%Return on equity (ROE)
18.19%Retained earnings to average equity (YTD only)
18.19%Net charge-offs to loans
0.42%Credit loss provision to net charge-offs
13.04%Efficiency ratio
76,542Assets per employee
0.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
198.00%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
0.92%Net loans and leases to deposits
60.77%Net loans and leases to core deposits
68.54%Equity capital to assets
9.91%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
15.24%Total risk-based capital ratio
Memoranda
$16Average assets
$9,701Average earning assets
$902Average equity
$8,223Average loans

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