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


Latimer State Bank - Overview

  • General
  • FDIC Certificate #: 22839
    Status: Active
    Federal Reserve ID: 51356
    Bank Holding Company (Regulatory Top Holder): First Latimer Corporation (RSSDID: 1066964, Location: Wilburton, OK)
    Date Established: April 09, 1979
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 15955
    Numeric code: 21
    Regulator: FDIC
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 09, 1979
    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: 301 West Main Street, Wilburton, OK 74578
    County: Latimer
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $76.0 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $62.7 mil
    Return on assets (ROA): 1.08% ($0.8 mil)
    Quarterly return on assets: 0.93% ($0.7 mil)
    Return on Equity (ROE): 6.40% ($0.8 mil)
    Quarterly return on equity: 5.40% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.08% ($820.8 mil)
    Quarterly Pretax return on assets: 0.93% ($706.8 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
  • 13Total employees (full-time equivalent)
  • $75,999Total assets
  • $2,667Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,591Securities
  • $33,777Federal funds sold & reverse repurchase agreements
  • $22,177Net loans & leases
  • $325Loan loss allowance
  • $0Trading account assets
  • $157Bank premises and fixed assets
  • $239Other real estate owned
  • $0Goodwill and other intangibles
  • $75,999Life insurance assets
  • $391All other assets
  • $62,745Total liabilities and capital
  • $62,669Total liabilities
  • $52,692Total deposits
  • $62,669Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $76Subordinated debt
  • $13,254All other liabilities
  • $13,254Total equity capital
  • $13,254Total bank equity capital
  • $0Perpetual preferred stock
  • $370Common stock
  • $1,020Surplus
  • $11,864Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,204Income earned, not collected on loans
  • $0Earning assets
  • $221Long-term assets (5+ years)
  • $72,545Average Assets, year-to-date
  • $3,015Average Assets, quarterly
  • $77,520Volatile liabilities
  • $76,175Insider loans
  • $31,307FHLB advances
  • $75,672Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,082Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $997Restructured Loans and leases
  • $2,140Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,460Total interest income
  • $528Total interest expense
  • $1,932Net interest income
  • $10Provision for loan and lease losses
  • $204Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18Additional noninterest income
  • $1,286Total noninterest expense
  • $555Salaries and employee benefits
  • $153Premises and equipment expense
  • $578Additional noninterest expense
  • $840Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $840Income before extraordinary items
  • $0Extraordinary gains - net
  • $840Net income attributable to bank
  • $0Net charge-offs
  • $840Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $578Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.34%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 2.62%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.75%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 6.40%Return on equity (ROE)
  • 2.00%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 13.16%Credit loss provision to net charge-offs
  • 11.18%Efficiency ratio
  • 60,206Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.81%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 26.99%Noncurrent assets plus other real estate owned to assets
  • 1.90%Noncurrent loans to loans
  • 5.35%Net loans and leases to deposits
  • 35.39%Net loans and leases to core deposits
  • 46.43%Equity capital to assets
  • 17.44%Core capital (leverage) ratio
  • 17.29%Tier 1 risk-based capital ratio
  • 41.79%Total risk-based capital ratio
  • Memoranda
  • $43Average assets
  • $77,520Average earning assets
  • $13,127Average equity
  • $73,666Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015955Latimer State Bank301 West Main Street, Wilburton, OK 74578April 09, 1979Full Service Brick and Mortar

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