FDIC Certificate #: 15778 Status: Active Federal Reserve ID: 361354 Date Established: January 01, 1895 WWW:http://www.grantcobank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 17468 FDIC's unique #: 10025 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 23, 1940 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: 120 South Main Street, Medford, OK 73759 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
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $78.6 mil Equity capital: $9.4 mil Deposits held in domestic offices: $68.7 mil Return on assets (ROA): 1.33% ($1.1 mil) Quarterly return on assets: 1.28% ($1.0 mil) Return on Equity (ROE): 10.59% ($1.0 mil) Quarterly return on equity: 10.00% ($0.9 mil) Net income: $1.0 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.33% ($1,045.7 mil) Quarterly Pretax return on assets: 1.28% ($1,006.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$78,625Total assets
$4,380Cash and due from depository institutions
$2,676Interest-bearing balances
$36,951Securities
$7,611Federal funds sold & reverse repurchase agreements
$27,005Net loans & leases
$1,008Loan loss allowance
$0Trading account assets
$320Bank premises and fixed assets
$780Other real estate owned
$100Goodwill and other intangibles
$78,625Life insurance assets
$1,478All other assets
$69,233Total liabilities and capital
$68,736Total liabilities
$59,270Total deposits
$68,736Interest-bearing deposits
$71Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$250Trading liabilities
$0Other borrowed funds
$247Subordinated debt
$9,392All other liabilities
$9,392Total equity capital
$9,392Total bank equity capital
$0Perpetual preferred stock
$248Common stock
$1,000Surplus
$8,144Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$547Income earned, not collected on loans
$0Earning assets
$656Long-term assets (5+ years)
$74,243Average Assets, year-to-date
$40,226Average Assets, quarterly
$75,798Volatile liabilities
$76,545Insider loans
$42,242FHLB advances
$75,427Loans and leases held for sale
$180Unused loan commitments
$180Tier 1 (core) risk-based capital
$8,970Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,542Restructured Loans and leases
$742Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,103Total interest income
$788Total interest expense
$2,315Net interest income
$450Provision for loan and lease losses
$190Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$1,432Total noninterest expense
$680Salaries and employee benefits
$117Premises and equipment expense
$635Additional noninterest expense
$623Pre-tax net operating income
$382Securities gains (losses)
$0Applicable income taxes
$1,005Income before extraordinary items
$0Extraordinary gains - net
$1,005Net income attributable to bank
$0Net charge-offs
$1,005Cash dividends
$490Sale, conversion, retirement of capital stock, net
$990Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.27%Yield on earning assets
1.09%Cost of funding earning assets
3.19%Net interest margin
0.26%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
0.82%Net operating income to assets
1.33%Return on assets (ROA)
1.33%Pretax return on assets
10.59%Return on equity (ROE)
0.16%Retained earnings to average equity (YTD only)
1.75%Net charge-offs to loans
91.84%Credit loss provision to net charge-offs
2.19%Efficiency ratio
57,166Assets per employee
9.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.51%Loss allowance to loans
3.60%Loss allowance to noncurrent loans
184.28%Noncurrent assets plus other real estate owned to assets
1.69%Noncurrent loans to loans
1.95%Net loans and leases to deposits
39.29%Net loans and leases to core deposits
46.59%Equity capital to assets
11.95%Core capital (leverage) ratio
11.89%Tier 1 risk-based capital ratio
21.23%Total risk-based capital ratio
Memoranda
$22Average assets
$75,798Average earning assets
$9,494Average equity
$72,589Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10025
Grant County Bank
120 South Main Street, Medford, OK 73759
January 01, 1895
Full Service Brick and Mortar
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