FDIC Certificate #: 16463 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:WestStar Bank (#4039) Federal Reserve ID: 101653 Date Established: November 12, 1946 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 10627 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 12, 1946 Last Structure Change Effective Date: April 01, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: April 08, 1998 Data Source Date: April 05, 2012
Location
Address: 108 North Maple, Nowata, OK 74048 County: Nowata 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
Financial Summary
Total assets: $22.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
14Total employees (full-time equivalent)
$24,741Total assets
$1,666Cash and due from depository institutions
$500Interest-bearing balances
$3,954Securities
$1,290Federal funds sold & reverse repurchase agreements
$17,001Net loans & leases
$314Loan loss allowance
$0Trading account assets
$517Bank premises and fixed assets
$42Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$271All other assets
$24,741Total liabilities and capital
$21,406Total liabilities
$20,695Total deposits
$16,274Interest-bearing deposits
$20,695Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$711All other liabilities
$3,335Total equity capital
$3,335Total bank equity capital
$3,335Perpetual preferred stock
$0Common stock
$125Surplus
$125Undivided profits
Memoranda
$3,085Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$262Earning assets
$0Long-term assets (5+ years)
$142Average Assets, year-to-date
$22,745Average Assets, quarterly
$30Volatile liabilities
$24,212Insider loans
$24,784FHLB advances
$2,452Loans and leases held for sale
$818Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,584Total unused commitments
$0Restructured Loans and leases
$17,103Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,097Total interest income
$671Total interest expense
$1,426Net interest income
$0Provision for loan and lease losses
$181Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$837Total noninterest expense
$518Salaries and employee benefits
$109Premises and equipment expense
$210Additional noninterest expense
$770Pre-tax net operating income
$0Securities gains (losses)
$266Applicable income taxes
$504Income before extraordinary items
$0Extraordinary gains - net
$504Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$9Sale, conversion, retirement of capital stock, net
$180Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.44%Yield on earning assets
3.02%Cost of funding earning assets
6.42%Net interest margin
0.81%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
2.08%Net operating income to assets
2.08%Return on assets (ROA)
3.18%Pretax return on assets
16.15%Return on equity (ROE)
10.38%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
52,085Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.71%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
119.85%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.51%Net loans and leases to deposits
82.15%Net loans and leases to core deposits
93.19%Equity capital to assets
13.48%Core capital (leverage) ratio
13.40%Tier 1 risk-based capital ratio
19.50%Total risk-based capital ratio
Memoranda
$21Average assets
$24,212Average earning assets
$3,121Average equity
$22,213Average loans
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