FDIC Certificate #: 4217 Status: Active Federal Reserve ID: 412452 Date Established: August 01, 1907 WWW:http://www.bankofverden.com 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 #: 2768 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: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012
Location
Address: 101 West Highway 62, Verden, OK 73092 County: Grady 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 Combined Statistical Area (CSA): Oklahoma City-Shawnee, OK (#416) Core Based Statistical Area (CBSA): Oklahoma City, OK (#36420) CBSA Metro Statistical Area: Oklahoma City, OK (#36420)
History of Changes
Change in Location
Financial Summary
Total assets: $32.7 mil Equity capital: $4.5 mil Deposits held in domestic offices: $28.1 mil Return on assets (ROA): 1.11% ($0.4 mil) Quarterly return on assets: 0.11% ($0.0 mil) Return on Equity (ROE): 8.51% ($0.3 mil) Quarterly return on equity: 0.80% ($0.0 mil) Net income: $0.4 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.12% ($366.0 mil) Quarterly Pretax return on assets: 0.11% ($35.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$32,680Total assets
$1,235Cash and due from depository institutions
$0Interest-bearing balances
$8,632Securities
$1,400Federal funds sold & reverse repurchase agreements
$19,442Net loans & leases
$175Loan loss allowance
$0Trading account assets
$913Bank premises and fixed assets
$134Other real estate owned
$0Goodwill and other intangibles
$32,681Life insurance assets
$924All other assets
$28,183Total liabilities and capital
$28,100Total liabilities
$19,649Total deposits
$28,100Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$83Subordinated debt
$4,498All other liabilities
$4,498Total equity capital
$4,498Total bank equity capital
$0Perpetual preferred stock
$330Common stock
$500Surplus
$3,668Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$430Income earned, not collected on loans
$0Earning assets
$390Long-term assets (5+ years)
$29,474Average Assets, year-to-date
$10,938Average Assets, quarterly
$33,319Volatile liabilities
$33,274Insider loans
$26,323FHLB advances
$33,297Loans and leases held for sale
$399Unused loan commitments
$399Tier 1 (core) risk-based capital
$4,175Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,984Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,746Total interest income
$244Total interest expense
$1,502Net interest income
$91Provision for loan and lease losses
$217Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
$88Additional noninterest income
$1,254Total noninterest expense
$692Salaries and employee benefits
$120Premises and equipment expense
$442Additional noninterest expense
$374Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
$369Income before extraordinary items
$0Extraordinary gains - net
$369Net income attributable to bank
$0Net charge-offs
$369Cash dividends
$51Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.77%Yield on earning assets
0.81%Cost of funding earning assets
4.96%Net interest margin
0.72%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
1.11%Net operating income to assets
1.11%Return on assets (ROA)
1.12%Pretax return on assets
8.51%Return on equity (ROE)
5.05%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
178.43%Credit loss provision to net charge-offs
9.12%Efficiency ratio
72,949Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.65%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
40.70%Noncurrent assets plus other real estate owned to assets
1.73%Noncurrent loans to loans
2.19%Net loans and leases to deposits
69.19%Net loans and leases to core deposits
71.70%Equity capital to assets
13.76%Core capital (leverage) ratio
12.54%Tier 1 risk-based capital ratio
15.86%Total risk-based capital ratio
Memoranda
$17Average assets
$33,319Average earning assets
$4,338Average equity
$30,280Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2768
The Bank Of Verden
101 West Highway 62, Verden, OK 73092
August 01, 1907
Full Service Brick and Mortar
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