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


  • Freedom Bank of Oklahoma in Tulsa, Oklahoma (OK)
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Freedom Bank of Oklahoma routing number info

Freedom Bank of Oklahoma - Overview

  • General
  • FDIC Certificate #: 18856
    Status: Active
    Federal Reserve ID: 284154
    Date Established: August 10, 1963
    WWW: http://www.freedombankok.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 53452
    FDIC's unique #: 12711
    Numeric code: 13
    Regulator: FED
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 10, 1963
    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: 6555 North Peoria Street, Tulsa, OK 74156
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $41.2 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $36.2 mil
    Return on assets (ROA): 0.28% ($0.1 mil)
    Quarterly return on assets: 0.31% ($0.1 mil)
    Return on Equity (ROE): 2.38% ($0.1 mil)
    Quarterly return on equity: 2.58% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.28% ($115.3 mil)
    Quarterly Pretax return on assets: 0.31% ($127.6 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
  • 21Total employees (full-time equivalent)
  • $41,169Total assets
  • $1,674Cash and due from depository institutions
  • $83Interest-bearing balances
  • $5,353Securities
  • $3,322Federal funds sold & reverse repurchase agreements
  • $28,182Net loans & leases
  • $625Loan loss allowance
  • $0Trading account assets
  • $984Bank premises and fixed assets
  • $1,211Other real estate owned
  • $0Goodwill and other intangibles
  • $41,169Life insurance assets
  • $443All other assets
  • $36,232Total liabilities and capital
  • $36,202Total liabilities
  • $27,945Total deposits
  • $36,202Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $30Subordinated debt
  • $4,937All other liabilities
  • $4,937Total equity capital
  • $4,937Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $180Surplus
  • $4,637Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,834Income earned, not collected on loans
  • $0Earning assets
  • $191Long-term assets (5+ years)
  • $36,940Average Assets, year-to-date
  • $4,527Average Assets, quarterly
  • $41,865Volatile liabilities
  • $41,604Insider loans
  • $24,765FHLB advances
  • $41,542Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,937Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,666Restructured Loans and leases
  • $326Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,959Total interest income
  • $322Total interest expense
  • $1,637Net interest income
  • $44Provision for loan and lease losses
  • $149Total noninterest income
  • $0Fiduciary activities
  • $127Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $1,625Total noninterest expense
  • $835Salaries and employee benefits
  • $238Premises and equipment expense
  • $552Additional noninterest expense
  • $117Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • $118Income before extraordinary items
  • $0Extraordinary gains - net
  • $118Net income attributable to bank
  • $0Net charge-offs
  • $118Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 2.38%Return on equity (ROE)
  • 2.38%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 880.00%Credit loss provision to net charge-offs
  • 32.20%Efficiency ratio
  • 90,985Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 34.08%Noncurrent assets plus other real estate owned to assets
  • 7.40%Noncurrent loans to loans
  • 6.37%Net loans and leases to deposits
  • 77.85%Net loans and leases to core deposits
  • 86.65%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 11.88%Tier 1 risk-based capital ratio
  • 19.94%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $41,865Average earning assets
  • $4,959Average equity
  • $37,522Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    012711Freedom Bank Of Oklahoma6555 North Peoria Street, Tulsa, OK 74156August 10, 1963Full Service Brick and Mortar
    14396291602 West Rogers Boulevard Branch1602 West Rogers Boulevard, Skiatook, OK 74070April 01, 2005Full Service Brick and Mortar

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