Bank South in Tulsa, Oklahoma (OK)
Table of contents:
| Bank South | |
|---|---|
| General | FDIC Certificate #: 34757 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Commerce Bank (#24998) Federal Reserve ID: 2667911 Date Established: July 02, 1998 WWW: http://www.banksouth.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 61529 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 02, 1998 Last Structure Change Effective Date: April 01, 2007 Last Structure Change Process Date: April 04, 2007 Last Data Update: April 04, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 6130 East 81st Street, Tulsa, OK 74137 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: $128.6 mil |
| Assets and Liabilities (December 31, 2006) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $130,337 |
| Cash and due from depository institutions | $2,423 |
| Interest-bearing balances | $31 |
| Securities | $499 |
| Federal funds sold & reverse repurchase agreements | $6,370 |
| Net loans & leases | $116,749 |
| Loan loss allowance | $888 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,327 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,969 |
| Life insurance assets | $0 |
| Total liabilities and capital | $130,337 |
| Total liabilities | $118,117 |
| Total deposits | $106,653 |
| Interest-bearing deposits | $82,640 |
| Deposits held in domestic offices | $106,653 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,946 |
| Subordinated debt | $0 |
| All other liabilities | $518 |
| Total equity capital | $12,220 |
| Total bank equity capital | $12,220 |
| Perpetual preferred stock | $12,220 |
| Common stock | $0 |
| Surplus | $1,000 |
| Undivided profits | $6,916 |
| Memoranda | |
| Noncurrent loans and leases | $4,304 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $26,235 |
| Income earned, not collected on loans | $0 |
| Earning assets | $2,042 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $806 |
| Average Assets, quarterly | $123,649 |
| Volatile liabilities | $6,712 |
| Insider loans | $119,259 |
| FHLB advances | $127,278 |
| Loans and leases held for sale | $26,879 |
| Unused loan commitments | $4,630 |
| Tier 1 (core) risk-based capital | $10,946 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $26,235 |
| Restructured Loans and leases | $0 |
| Derivatives | $888 |
| Income and Expense (December 31, 2006) (Dollar figures in thousands) | |
| Total interest income | $9,244 |
| Total interest expense | $3,418 |
| Net interest income | $5,826 |
| Provision for loan and lease losses | $210 |
| Total noninterest income | $315 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $205 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $110 |
| Total noninterest expense | $3,392 |
| Salaries and employee benefits | $2,031 |
| Premises and equipment expense | $418 |
| Additional noninterest expense | $943 |
| Pre-tax net operating income | $2,539 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $935 |
| Income before extraordinary items | $1,604 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,604 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $351 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2006) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.25% |
| Cost of funding earning assets | 3.05% |
| Net interest margin | 5.20% |
| Noninterest income to earning assets | 0.28% |
| Noninterest expense to earning assets | 3.03% |
| Net operating income to assets | 1.34% |
| Return on assets (ROA) | 1.34% |
| Pretax return on assets | 2.13% |
| Return on equity (ROE) | 14.12% |
| Retained earnings to average equity (YTD only) | 14.12% |
| Net charge-offs to loans | 0.33% |
| Credit loss provision to net charge-offs | 59.83% |
| Efficiency ratio | 7.83% |
| Assets per employee | $55,235 |
| Cash dividends to net income (YTD only) | 5.43% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.75% |
| Noncurrent assets plus other real estate owned to assets | 43.49% |
| Noncurrent loans to loans | 1.57% |
| Net loans and leases to deposits | 1.74% |
| Net loans and leases to core deposits | 109.47% |
| Equity capital to assets | 143.05% |
| Core capital (leverage) ratio | 9.38% |
| Tier 1 risk-based capital ratio | 9.55% |
| Total risk-based capital ratio | 10.78% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $119,259 |
| Average equity | $11,362 |
| Average loans | $111,984 |
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