Golden Oak Bank in Oakhurst, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 1995

Golden Oak Bank in Oakhurst, California (CA)
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Golden Oak Bank - Overview

General
FDIC Certificate #: 22737
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Security Bank (#27132)
Federal Reserve ID: 465766
Date Established: October 25, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15874
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: October 25, 1978
Last Structure Change Effective Date: August 25, 1995
Last Structure Change Process Date: August 31, 1995
Last Data Update: August 31, 1995
Data Source Date: April 05, 2012
Location
Address: County Road 426, Oakhurst, CA 93644
County: Madera
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Sacramento
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Fresno, CA (#2840)
Combined Statistical Area (CSA): Fresno-Madera, CA (#260)
Core Based Statistical Area (CBSA): Madera-Chowchilla, CA (#31460)
CBSA Metro Statistical Area: Madera-Chowchilla, CA (#31460)
Financial Summary
Total assets: $43.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$42,215Cash and due from depository institutions
$2,814Interest-bearing balances
$200Securities
$6,944Federal funds sold & reverse repurchase agreements
$1,850Net loans & leases
$28,744Loan loss allowance
$348Trading account assets
$0Bank premises and fixed assets
$729Other real estate owned
$668Goodwill and other intangibles
$466Life insurance assets
$0All other assets
$0Total liabilities and capital
$42,215Total liabilities
$39,855Total deposits
$39,711Interest-bearing deposits
$33,852Deposits held in domestic offices
39711.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$144Total equity capital
$144Total bank equity capital
$2,360Perpetual preferred stock
$0Common stock
$803Surplus
$0Undivided profits
Memoranda
$1,557Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$56Income earned, not collected on loans
$186Earning assets
$37,738Long-term assets (5+ years)
$745Average Assets, year-to-date
$39,998Average Assets, quarterly
$42,941Volatile liabilities
$4,207Insider loans
$620FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,744Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,360Total risk weighted assets
$25,430Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,472Total interest expense
$1,024Net interest income
$2,448Provision for loan and lease losses
$10Total noninterest income
$368Fiduciary activities
$0Service charges on deposit accounts
$285Trading account gains & fees
$0Additional noninterest income
$83Total noninterest expense
$1,758Salaries and employee benefits
$876Premises and equipment expense
$165Additional noninterest expense
$717Pre-tax net operating income
$1,048Securities gains (losses)
$0Applicable income taxes
$450Income before extraordinary items
$598Extraordinary gains - net
$0Net income attributable to bank
$598Net charge-offs
$43Cash dividends
$271Sale, conversion, retirement of capital stock, net
-$141Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.85%Cost of funding earning assets
2.90%Net interest margin
6.94%Noninterest income to earning assets
1.04%Noninterest expense to earning assets
4.99%Net operating income to assets
1.50%Return on assets (ROA)
1.50%Pretax return on assets
2.62%Return on equity (ROE)
26.00%Retained earnings to average equity (YTD only)
14.22%Net charge-offs to loans
0.16%Credit loss provision to net charge-offs
23.26%Efficiency ratio
62,429Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.32%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
621.43%Noncurrent assets plus other real estate owned to assets
1.72%Noncurrent loans to loans
0.19%Net loans and leases to deposits
72.38%Net loans and leases to core deposits
80.96%Equity capital to assets
5.59%Core capital (leverage) ratio
5.46%Tier 1 risk-based capital ratio
9.28%Total risk-based capital ratio
Memoranda
$11Average assets
$39,998Average earning assets
$2,300Average equity
$35,256Average loans

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