FDIC Certificate #: 11865 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Baxter State Bank (#12432) Federal Reserve ID: 525455 Date Established: October 07, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7580 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 15, 2011 Last Structure Change Process Date: January 21, 2011 Last Data Update: January 21, 2011 Data Source Date: April 05, 2012
Location
Address: 338 Main Street, Quapaw, OK 74363 County: Ottawa Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Tulsa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Miami, OK (#33060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $6.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
1Total employees (full-time equivalent)
$6,349Total assets
$98Cash and due from depository institutions
$0Interest-bearing balances
$1,519Securities
$370Federal funds sold & reverse repurchase agreements
$3,253Net loans & leases
$78Loan loss allowance
$0Trading account assets
$170Bank premises and fixed assets
$217Other real estate owned
$610Goodwill and other intangibles
$0Life insurance assets
$112All other assets
$6,349Total liabilities and capital
$4,975Total liabilities
$4,970Total deposits
$3,934Interest-bearing deposits
$4,970Deposits held in domestic offices
66.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$5All other liabilities
$1,374Total equity capital
$1,374Total bank equity capital
$1,374Perpetual preferred stock
$0Common stock
$100Surplus
$1,273Undivided profits
Memoranda
$1Noncurrent loans and leases
$8Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$92Earning assets
$0Long-term assets (5+ years)
$23Average Assets, year-to-date
$5,142Average Assets, quarterly
$802Volatile liabilities
$6,666Insider loans
$6,405FHLB advances
$100Loans and leases held for sale
$80Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8Total unused commitments
$0Restructured Loans and leases
$38Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$284Total interest income
$22Total interest expense
$262Net interest income
$0Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$313Total noninterest expense
$123Salaries and employee benefits
$67Premises and equipment expense
$123Additional noninterest expense
-$10Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
-$13Income before extraordinary items
$0Extraordinary gains - net
-$13Net income attributable to bank
$0Net charge-offs
-$13Cash dividends
$0Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
0.41%Cost of funding earning assets
4.84%Net interest margin
0.76%Noninterest income to earning assets
5.78%Noninterest expense to earning assets
-0.20%Net operating income to assets
-0.20%Return on assets (ROA)
-0.15%Pretax return on assets
-0.84%Return on equity (ROE)
-13.80%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
103,300Assets per employee
6.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1538.46%Loss allowance to loans
2.34%Loss allowance to noncurrent loans
84.78%Noncurrent assets plus other real estate owned to assets
4.87%Noncurrent loans to loans
2.76%Net loans and leases to deposits
65.45%Net loans and leases to core deposits
66.80%Equity capital to assets
21.64%Core capital (leverage) ratio
12.94%Tier 1 risk-based capital ratio
23.98%Total risk-based capital ratio
Memoranda
$25Average assets
$6,666Average earning assets
$1,544Average equity
$5,417Average loans
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