FDIC Certificate #: 22430 Status: Active Federal Reserve ID: 1856 Date Established: March 11, 1977 WWW:http://www.washitastatebank.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) OTS Docket #: 52628 FDIC's unique #: 15629 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: March 11, 1977 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 701 S. Hwy 44, Burns Flat, OK 73624 County: Washita 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
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $144.7 mil Equity capital: $21.7 mil Deposits held in domestic offices: $68.7 mil Return on assets (ROA): 2.92% ($4.2 mil) Quarterly return on assets: -1.21% (-$1.8 mil) Return on Equity (ROE): 21.40% ($4.7 mil) Quarterly return on equity: -7.95% (-$1.7 mil) Net income: $4.6 mil Quarterly Net income: -$0.4 mil Pretax return on assets: 2.92% ($4,225.6 mil) Quarterly Pretax return on assets: -1.21% (-$1,751.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$144,714Total assets
$53,717Cash and due from depository institutions
$53,145Interest-bearing balances
$35,682Securities
$0Federal funds sold & reverse repurchase agreements
$51,262Net loans & leases
$809Loan loss allowance
$0Trading account assets
$424Bank premises and fixed assets
$33Other real estate owned
$98Goodwill and other intangibles
$144,715Life insurance assets
$3,498All other assets
$122,989Total liabilities and capital
$68,707Total liabilities
$66,540Total deposits
$68,707Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$54,000Trading liabilities
$0Other borrowed funds
$282Subordinated debt
$21,726All other liabilities
$21,726Total equity capital
$21,726Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$17,782Surplus
$3,444Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39Income earned, not collected on loans
$0Earning assets
$418Long-term assets (5+ years)
$140,089Average Assets, year-to-date
$43,833Average Assets, quarterly
$156,561Volatile liabilities
$147,648Insider loans
$67,815FHLB advances
$146,978Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,860Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$198Restructured Loans and leases
$56Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,661Total interest income
$4,834Total interest expense
$1,827Net interest income
$297Provision for loan and lease losses
$95Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,503Total noninterest expense
$322Salaries and employee benefits
$120Premises and equipment expense
$1,061Additional noninterest expense
$122Pre-tax net operating income
$4,456Securities gains (losses)
$0Applicable income taxes
$4,578Income before extraordinary items
$0Extraordinary gains - net
$4,578Net income attributable to bank
$0Net charge-offs
$4,578Cash dividends
$98Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.41%Yield on earning assets
3.20%Cost of funding earning assets
1.21%Net interest margin
0.06%Noninterest income to earning assets
1.00%Noninterest expense to earning assets
0.08%Net operating income to assets
2.92%Return on assets (ROA)
2.92%Pretax return on assets
21.40%Return on equity (ROE)
21.40%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
303.06%Credit loss provision to net charge-offs
4.28%Efficiency ratio
78,200Assets per employee
20.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
2074.36%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.07%Net loans and leases to deposits
74.61%Net loans and leases to core deposits
461.90%Equity capital to assets
15.01%Core capital (leverage) ratio
14.87%Tier 1 risk-based capital ratio
32.23%Total risk-based capital ratio
Memoranda
$33Average assets
$156,561Average earning assets
$21,396Average equity
$151,010Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15629
Washita State Bank
701 S. Hwy 44, Burns Flat, OK 73624
March 11, 1977
Full Service Brick and Mortar
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