WestStar Bank in Tulsa, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1994

WestStar Bank in Tulsa, Oklahoma (OK)
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WestStar Bank - Overview

General
FDIC Certificate #: 23508
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Arvest State Bank (#25661)
Federal Reserve ID: 456353
Date Established: July 27, 1981
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 16471
Numeric code: 13
Regulator: FED
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: July 27, 1981
Last Structure Change Effective Date: September 24, 1994
Last Structure Change Process Date: October 13, 1994
Last Data Update: October 13, 1994
Data Source Date: April 05, 2012
Location
Address: 4500 South Garnett Road, Tulsa, OK 74146
County: Tulsa
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
Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
CBSA Metro Statistical Area: Tulsa, OK (#46140)
Financial Summary
Total assets: $44.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$44,739Cash and due from depository institutions
$2,820Interest-bearing balances
$0Securities
$15,353Federal funds sold & reverse repurchase agreements
$675Net loans & leases
$24,774Loan loss allowance
$1,232Trading account assets
$0Bank premises and fixed assets
$265Other real estate owned
$9Goodwill and other intangibles
$843Life insurance assets
$0All other assets
$0Total liabilities and capital
$44,739Total liabilities
$40,017Total deposits
$38,798Interest-bearing deposits
$26,439Deposits held in domestic offices
38798.00%% insured (estimated)
$70Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$867Subordinated debt
$0All other liabilities
$352Total equity capital
$352Total bank equity capital
$4,722Perpetual preferred stock
$0Common stock
$2,500Surplus
$2,500Undivided profits
Memoranda
$-278Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$912Income earned, not collected on loans
$121Earning assets
$40,802Long-term assets (5+ years)
$8,024Average Assets, year-to-date
$45,021Average Assets, quarterly
$46,100Volatile liabilities
$9,019Insider loans
$758FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,513Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,722Total risk weighted assets
$25,562Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,956Total interest expense
$962Net interest income
$1,994Provision for loan and lease losses
-$160Total noninterest income
$350Fiduciary activities
$0Service charges on deposit accounts
$267Trading account gains & fees
$0Additional noninterest income
$83Total noninterest expense
$1,861Salaries and employee benefits
$919Premises and equipment expense
$351Additional noninterest expense
$591Pre-tax net operating income
$643Securities gains (losses)
$0Applicable income taxes
$246Income before extraordinary items
$397Extraordinary gains - net
$0Net income attributable to bank
$397Net charge-offs
-$22Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.24%Cost of funding earning assets
2.36%Net interest margin
4.88%Noninterest income to earning assets
0.86%Noninterest expense to earning assets
4.56%Net operating income to assets
0.88%Return on assets (ROA)
0.88%Pretax return on assets
1.43%Return on equity (ROE)
8.84%Retained earnings to average equity (YTD only)
8.84%Net charge-offs to loans
-0.08%Credit loss provision to net charge-offs
727.27%Efficiency ratio
79,394Assets per employee
1.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.74%Loss allowance to noncurrent loans
135.09%Noncurrent assets plus other real estate owned to assets
2.06%Noncurrent loans to loans
3.51%Net loans and leases to deposits
63.85%Net loans and leases to core deposits
80.84%Equity capital to assets
10.55%Core capital (leverage) ratio
10.61%Tier 1 risk-based capital ratio
18.47%Total risk-based capital ratio
Memoranda
$20Average assets
$45,021Average earning assets
$4,489Average equity
$40,833Average loans

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