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Bank of Cushing and Trust Company

Cushing, OK · Cert 4075

FDIC · 2 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of Cushing and Trust Company

Cushing, OK · Cert 4075

FDIC · 2 branches

Q4 2019

$117.8MAssets
$40.4MLoans
$92.5MDeposits
$25.0MEquity
Loan mix
44%RE $10.9M41%C&I $10.2M14%Consumer $3.5MQ4 2018Q4 2019
Deposit mix
62%Interest-bearing $57.3M38%Noninterest $35.2MQ4 2018Q4 2019

NIM

4.14%Q4 ’170.50%Q4 ’183.87%Q4 ’19-87%+608%

Non-interest income vs. expense

3.23%Q4 ’170.32%Q4 ’182.62%Q4 ’19-89%+574%

Executive Summary

  • Earnings: ROA of 1.07%, up 116 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.01% of loans (-159 bps YoY), with net charge-offs at 0.42%.
  • Capital: tier 1 leverage ratio of 14.09%, down 11 bps from a year ago.
  • Funding: loans stand at 43.69% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

1.07%+116 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+318 bps YoY

Efficiency Ratio (YTD, annualized)

57.78%-116 bps YoY

Tier 1 Leverage Ratio

14.09%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets-0.09%2.13%1.64%1.34%1.07%+116 bps
Return on Equity-0.63%10.40%7.85%6.38%5.08%+570 bps
Net Interest Margin0.52%4.66%4.67%3.99%3.71%+318 bps
Efficiency Ratio58.94%43.36%48.58%51.34%57.78%-116 bps
Non-Interest Burden0.26%1.40%1.64%1.56%1.72%+147 bps
Growth
Asset Growth (YoY)9.29%8.89%10.65%11.28%-0.05%-934 bps
Loan Growth (YoY)-2.51%-6.15%6.01%0.88%13.35%+1,586 bps
Deposit Growth (YoY)5.27%0.10%1.46%2.55%-2.35%-762 bps
Asset Quality
Nonperforming Loans / Loans1.60%1.55%0.74%0.60%0.01%-159 bps
Net Charge-Offs / Loans-0.12%-0.35%1.11%0.87%0.42%+54 bps
Allowance / Loans0.58%1.17%0.78%1.06%1.42%+83 bps
Allowance Coverage of NPLs0.4x0.7x1.1x1.8x143.0x+142.6x
Capital
Tier 1 Leverage Ratio14.20%15.09%16.21%14.53%14.09%-11 bps
Total Risk-Based Capital28.28%26.61%27.12%26.21%25.73%-255 bps
Equity / Assets19.57%21.47%21.79%21.48%21.21%+164 bps
Liquidity & Funding
Loans / Deposits37.64%37.88%42.64%41.77%43.69%+605 bps
Liquid Assets / Assets20.96%4.77%2.55%5.39%3.20%-1,776 bps
CRE / Total Capitaln/an/an/an/an/an/an/a