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
No
ID
Name
Address
Established
Service Type
Map
0
15955
Latimer State Bank
301 West Main Street, Wilburton, OK 74578
April 09, 1979
Full Service Brick and Mortar
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