The Waurika National Bank in Waurika, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 11, 2008

The Waurika National Bank in Waurika, Oklahoma (OK)
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The Waurika National Bank - Overview

General
FDIC Certificate #: 4223
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank & Trust Co. (#27394)
Federal Reserve ID: 415051
Date Established: November 16, 1907
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 14186
FDIC's unique #: 2772
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 11, 2008
Last Structure Change Process Date: April 16, 2008
Last Data Update: April 16, 2008
Data Source Date: April 05, 2012
Location
Address: 101 North Main Street, Waurika, OK 73573
County: Jefferson
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
Financial Summary
Total assets: $17.1 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, 2007)

Dollar figures in thousands
7Total employees (full-time equivalent)
$16,908Total assets
$4,033Cash and due from depository institutions
$3,488Interest-bearing balances
$6,430Securities
$0Federal funds sold & reverse repurchase agreements
$6,145Net loans & leases
$100Loan loss allowance
$0Trading account assets
$13Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$287All other assets
$16,908Total liabilities and capital
$15,204Total liabilities
$14,191Total deposits
$11,893Interest-bearing deposits
$14,191Deposits held in domestic offices
0.00%% insured (estimated)
$401Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$112All other liabilities
$1,704Total equity capital
$1,704Total bank equity capital
$1,704Perpetual preferred stock
$0Common stock
$19Surplus
$75Undivided profits
Memoranda
$1,610Noncurrent loans and leases
$662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10Earning assets
$0Long-term assets (5+ years)
$166Average Assets, year-to-date
$16,063Average Assets, quarterly
$5,926Volatile liabilities
$16,908Insider loans
$17,641FHLB advances
$3,992Loans and leases held for sale
$158Unused loan commitments
$500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$662Total unused commitments
$0Restructured Loans and leases
$99Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$1,064Total interest income
$478Total interest expense
$586Net interest income
-$84Provision for loan and lease losses
$167Total noninterest income
$0Fiduciary activities
$162Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$608Total noninterest expense
$359Salaries and employee benefits
$54Premises and equipment expense
$195Additional noninterest expense
$229Pre-tax net operating income
$0Securities gains (losses)
$58Applicable income taxes
$171Income before extraordinary items
$0Extraordinary gains - net
$171Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$75Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.65%Yield on earning assets
2.99%Cost of funding earning assets
3.66%Net interest margin
1.04%Noninterest income to earning assets
3.80%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.35%Pretax return on assets
11.00%Return on equity (ROE)
6.18%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
-1050.00%Credit loss provision to net charge-offs
18.13%Efficiency ratio
80,744Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.86%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
1000.00%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.16%Net loans and leases to deposits
43.30%Net loans and leases to core deposits
57.97%Equity capital to assets
10.08%Core capital (leverage) ratio
9.92%Tier 1 risk-based capital ratio
21.94%Total risk-based capital ratio
Memoranda
$23Average assets
$16,908Average earning assets
$1,554Average equity
$15,998Average loans

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