Welch State Bank of Welch, Okla. in city_name, state_name - Detailed Financial Reports, Location

Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)
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Welch State Bank of Welch, Okla. routing number info

Welch State Bank of Welch, Okla. - Overview

General
FDIC Certificate #: 9472
Status: Active
Federal Reserve ID: 416656
Bank Holding Company (Regulatory Top Holder): Welch Bancshares, Inc. (RSSDID: 1061660, Location: Welch, OK)
Date Established: October 01, 1923
WWW: http://www.welchstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 9847
FDIC's unique #: 6087
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 15, 2011
Last Structure Change Process Date: Febuary 02, 2011
Last Data Update: Febuary 02, 2011
Data Source Date: April 05, 2012
Location
Address: 396 S Commercial Street, Welch, OK 74369
County: Craig
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
History of Changes
Office Purchased
Financial Summary
Total assets: $201.0 mil
Equity capital: $23.1 mil
Deposits held in domestic offices: $161.3 mil
Return on assets (ROA): 1.80% ($3.6 mil)
Quarterly return on assets: 2.16% ($4.3 mil)
Return on Equity (ROE): 16.56% ($3.8 mil)
Quarterly return on equity: 18.86% ($4.3 mil)
Net income: $3.6 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.80% ($3,618.7 mil)
Quarterly Pretax return on assets: 2.16% ($4,342.4 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
57Total employees (full-time equivalent)
$201,038Total assets
$2,493Cash and due from depository institutions
$165Interest-bearing balances
$55,919Securities
$216Federal funds sold & reverse repurchase agreements
$130,300Net loans & leases
$2,887Loan loss allowance
$0Trading account assets
$2,312Bank premises and fixed assets
$103Other real estate owned
$434Goodwill and other intangibles
$201,038Life insurance assets
$9,261All other assets
$177,934Total liabilities and capital
$161,274Total liabilities
$152,347Total deposits
$161,274Interest-bearing deposits
$87Deposits held in domestic offices
2409.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$12,848Trading liabilities
$0Other borrowed funds
$1,403Subordinated debt
$23,104All other liabilities
$23,104Total equity capital
$23,104Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$850Surplus
$22,104Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,378Income earned, not collected on loans
$0Earning assets
$1,818Long-term assets (5+ years)
$186,600Average Assets, year-to-date
$54,537Average Assets, quarterly
$201,732Volatile liabilities
$201,873Insider loans
$129,746FHLB advances
$201,004Loans and leases held for sale
$5,406Unused loan commitments
$5,406Tier 1 (core) risk-based capital
$21,710Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,163Restructured Loans and leases
$342Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,377Total interest income
$2,644Total interest expense
$8,733Net interest income
$360Provision for loan and lease losses
$1,557Total noninterest income
$0Fiduciary activities
$1,064Service charges on deposit accounts
$0Trading account gains & fees
$493Additional noninterest income
$6,323Total noninterest expense
$3,894Salaries and employee benefits
$554Premises and equipment expense
$1,875Additional noninterest expense
$3,607Pre-tax net operating income
$19Securities gains (losses)
$0Applicable income taxes
$3,626Income before extraordinary items
$0Extraordinary gains - net
$3,626Net income attributable to bank
$0Net charge-offs
$3,626Cash dividends
$523Sale, conversion, retirement of capital stock, net
$1,660Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.19%Yield on earning assets
1.44%Cost of funding earning assets
4.75%Net interest margin
0.85%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.79%Net operating income to assets
1.80%Return on assets (ROA)
1.80%Pretax return on assets
16.56%Return on equity (ROE)
8.98%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
68.83%Credit loss provision to net charge-offs
7.59%Efficiency ratio
60,603Assets per employee
3.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.78%Loss allowance to loans
2.17%Loss allowance to noncurrent loans
209.51%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
1.03%Net loans and leases to deposits
80.79%Net loans and leases to core deposits
103.91%Equity capital to assets
11.49%Core capital (leverage) ratio
10.80%Tier 1 risk-based capital ratio
16.73%Total risk-based capital ratio
Memoranda
$18Average assets
$201,732Average earning assets
$21,892Average equity
$183,880Average loans

List of branches

3 Oklahoma Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6087	Welch State Bank Of Welch, Okla.	396 S Commercial Street, Welch, OK 74369	October 01, 1923	Full Service Brick and Mortar
1	419394	Miami Branch	2525 N Main, Miami, OK 74354	April 01, 2002	Full Service Brick and Mortar
2	202341	South Coffeyville Branch	306 Willow Street, South Coffeyville, OK 74072	December 11, 1995	Full Service Brick and Mortar

Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Welch State Bank of Welch, Okla. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)Overview, Financial Summary, Detailed Financial Reports, Branches

Welch State Bank of Welch, Okla. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Welch State Bank of Welch, Okla. in Welch, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches