FDIC Certificate #: 2303 Status: Inactive Closing history: Corrections Acquiring institution:Bank 7 (#4147) Federal Reserve ID: 54357 Date Established: September 29, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1522 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 28, 2011 Last Structure Change Process Date: January 31, 2011 Last Data Update: January 31, 2011 Data Source Date: April 05, 2012
Location
Address: 1001 Main Street, Camargo, OK 73835 County: Dewey 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $44.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$44,546Total assets
$1,075Cash and due from depository institutions
$0Interest-bearing balances
$325Securities
$5,234Federal funds sold & reverse repurchase agreements
$35,445Net loans & leases
$372Loan loss allowance
$0Trading account assets
$314Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$276Life insurance assets
$2,153All other assets
$44,546Total liabilities and capital
$41,285Total liabilities
$41,204Total deposits
$38,858Interest-bearing deposits
$41,204Deposits held in domestic offices
99.42%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$81All other liabilities
$3,261Total equity capital
$3,261Total bank equity capital
$3,261Perpetual preferred stock
$0Common stock
$125Surplus
$575Undivided profits
Memoranda
$2,561Noncurrent loans and leases
$1,054Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,894Earning assets
$0Long-term assets (5+ years)
$1,723Average Assets, year-to-date
$41,004Average Assets, quarterly
$2,123Volatile liabilities
$41,264Insider loans
$44,014FHLB advances
$15,471Loans and leases held for sale
$218Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,054Total unused commitments
$0Restructured Loans and leases
$372Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,456Total interest income
$1,037Total interest expense
$2,419Net interest income
$660Provision for loan and lease losses
$204Total noninterest income
$0Fiduciary activities
$164Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$1,209Total noninterest expense
$555Salaries and employee benefits
$221Premises and equipment expense
$433Additional noninterest expense
$754Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$754Income before extraordinary items
$0Extraordinary gains - net
$754Net income attributable to bank
$0Net charge-offs
$754Cash dividends
$614Sale, conversion, retirement of capital stock, net
$425Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.08%Yield on earning assets
2.73%Cost of funding earning assets
6.36%Net interest margin
0.54%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
1.83%Net operating income to assets
1.83%Return on assets (ROA)
1.83%Pretax return on assets
24.05%Return on equity (ROE)
10.49%Retained earnings to average equity (YTD only)
1.76%Net charge-offs to loans
107.49%Credit loss provision to net charge-offs
2.30%Efficiency ratio
46,092Assets per employee
5.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.37%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
19.64%Noncurrent assets plus other real estate owned to assets
4.25%Noncurrent loans to loans
5.29%Net loans and leases to deposits
86.02%Net loans and leases to core deposits
137.74%Equity capital to assets
7.32%Core capital (leverage) ratio
7.12%Tier 1 risk-based capital ratio
8.60%Total risk-based capital ratio
Memoranda
$10Average assets
$41,264Average earning assets
$3,136Average equity
$38,054Average loans
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