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

This bank is inactive as of June 10, 1994

Citizens Bank of Wakita in Wakita, Oklahoma (OK)
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Citizens Bank of Wakita - Overview

General
FDIC Certificate #: 9476
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Gold BANK (#413)
Federal Reserve ID: 473051
Date Established: January 01, 1901
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6090
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: January 01, 1934
Last Structure Change Effective Date: June 10, 1994
Last Structure Change Process Date: July 21, 1994
Last Data Update: July 21, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Wakita, OK 73771
County: Grant
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
Financial Summary
Total assets: $13.4 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$13,673Cash and due from depository institutions
$496Interest-bearing balances
$200Securities
$6,389Federal funds sold & reverse repurchase agreements
$1,190Net loans & leases
$5,245Loan loss allowance
$236Trading account assets
$0Bank premises and fixed assets
$147Other real estate owned
$0Goodwill and other intangibles
$206Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,673Total liabilities
$12,518Total deposits
$12,466Interest-bearing deposits
$11,235Deposits held in domestic offices
12466.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$52Total equity capital
$52Total bank equity capital
$1,155Perpetual preferred stock
$0Common stock
$200Surplus
$600Undivided profits
Memoranda
$355Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$553Income earned, not collected on loans
$133Earning assets
$13,024Long-term assets (5+ years)
$97Average Assets, year-to-date
$13,689Average Assets, quarterly
$13,894Volatile liabilities
$750Insider loans
$44FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,155Total risk weighted assets
$6,153Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$847Total interest expense
$379Net interest income
$468Provision for loan and lease losses
$0Total noninterest income
$61Fiduciary activities
$0Service charges on deposit accounts
$53Trading account gains & fees
$0Additional noninterest income
$8Total noninterest expense
$361Salaries and employee benefits
$209Premises and equipment expense
$45Additional noninterest expense
$107Pre-tax net operating income
$168Securities gains (losses)
$0Applicable income taxes
$43Income before extraordinary items
$125Extraordinary gains - net
$17Net income attributable to bank
$142Net charge-offs
$40Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.51%Cost of funding earning assets
2.91%Net interest margin
3.60%Noninterest income to earning assets
0.47%Noninterest expense to earning assets
2.77%Net operating income to assets
0.91%Return on assets (ROA)
1.04%Pretax return on assets
1.35%Return on equity (ROE)
12.80%Retained earnings to average equity (YTD only)
8.29%Net charge-offs to loans
0.69%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,242Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.21%Loss allowance to loans
4.31%Loss allowance to noncurrent loans
42.68%Noncurrent assets plus other real estate owned to assets
4.04%Noncurrent loans to loans
10.09%Net loans and leases to deposits
42.07%Net loans and leases to core deposits
44.77%Equity capital to assets
8.45%Core capital (leverage) ratio
8.11%Tier 1 risk-based capital ratio
18.77%Total risk-based capital ratio
Memoranda
$20Average assets
$13,689Average earning assets
$1,110Average equity
$13,018Average loans

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