Banking Department Annual Report
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Banking Department Annual Report Fiscal Year Ending June 30, 2010 Mick Thompson Commissioner On the Cover: The commemorative quarter-dollar coin honoring Oklahoma was released on January 28, 2008, and was the 46th coin in the United States Mint’s 50 State Quarters® Program. Oklahoma, nicknamed the "Sooner State," was admitted into the Union on November 16, 1907, becoming our Nation’s 46th state. The Oklahoma quarter features an image of the State bird, the Scissortail Flycatcher, in flight with its distinctive tail feathers spread. The bird is soaring over the State wildflower, the Indian Blanket, backed by a field of similar wildflowers. The coin’s design also bears the inscriptions "Oklahoma" and "1907." The depiction of Indian Blanket (or Gaillardia) symbolizes the State’s rich Native American heritage and native long grass prairies that are abundant in wildlife. Oklahoma was formed by the combination of the Oklahoma Territory and the Indian Territory of the Five Civilized Tribes: Choctaw, Chickasaw, Creek, Seminole, and Cherokee. The State’s name is derived from the Choctaw words "okla" and "humma," meaning "red" and "people." Special Thanks to: Deron Brubaker, Rhonda Bruno, Dudley Gilbert, Sherbie Kiffin, Debbie Moore, Angela Morris, Regina Rainey, Tony Reel, Diane Ries, and Terry Slagle of the State Banking Department for the preparation and submission of the material used in this report and other contributions to the process of creating a finished product. This publication, printed by the Department of Central Services Central Printing is issued by the Oklahoma State Banking Department as authorized by the Commissioner pursuant to §212 of the Oklahoma Banking Code and Rules and Regulations. 150 copies have been prepared and distributed at a cost of $15.50 per copy at no cost to the Oklahoma Taxpayer. MICK THOMPSON BRAD HENRY BANK COMMISSIONER GOVERNOR STATE OF OKLAHOMA STATE BANKING DEPARTMENT November 1, 2010 The Honorable Brad Henry Governor, State of Oklahoma Room 212, State Capitol Oklahoma City, Oklahoma 73105 Dear Governor Henry: Pursuant to Title 6 O.S., Section 212 of the Oklahoma Banking Code and Rules and Regulations, I am pleased to submit the State Banking Department’s 2010 Annual Report. This report contains information on the financial institutions the Department regulates as well as an update on the agency’s budget and regulatory activities during the past year. The State Banking Department is charged with regulating all state chartered banks, credit unions, savings and loan associations, trust companies, money order companies, money transmission licensees and for- profit cemeteries in the State of Oklahoma. The total assets regulated by the State Banking Department are approximately $37.5 Billion. I hope you find this report informative and should you have any questions regarding the contents of this publication, please do not hesitate to contact me. Sincerely, Mick Thompson Commissioner 2900 N. LINCOLN BLVD. OKLAHOMA CITY, OK 73105-3427 (405) 521-2782 www.osbd.state.ok.us FAX (405) 522-2993 Department Mission Statement 1 Organizational Chart 2 Department Personnel 3 2010 Banking Legislation 4 Comparative Statement of Expenditures and Receipts 5 Institutions Supervised 6 Banks State Banking Board 9 Consolidated Report of Condition of Oklahoma State Chartered Banks as of December 31, 2009 10 Consolidated Report of Condition of Oklahoma State Chartered Banks as of June 30, 2010 11 Consolidated Report of Condition of Oklahoma State Chartered Banks - Selected Performance and Condition Ratios 12 Summary of Changes – Oklahoma State Chartered Banks – July 1, 2009 through June 30, 2010 13 Oklahoma State Chartered Banks 17 Oklahoma State Chartered Banks with Branch Offices 23 Credit Unions State Credit Union Board 29 Consolidated Report of Condition of Oklahoma State Chartered Credit Unions as of December 31, 2009 30 Consolidated Report of Condition of Oklahoma State Chartered Credit Unions as of June 30, 2010 31 Summary of Changes – Oklahoma State Chartered Credit Unions – July 1, 2009 through June 30, 2010 32 Oklahoma State Chartered Credit Unions 33 Trust Companies State Chartered Trust Companies 35 Consolidated Report of Condition of Oklahoma State Chartered Trust Companies as of December 31, 2009 36 Consolidated Report of Condition of Oklahoma State Chartered Trust Companies as of June 30, 2010 37 Savings & Loans State Savings and Loan Advisory Council 39 Consolidated Report of Condition of Oklahoma State Chartered Savings and Loans as of December 31, 2009 40 Consolidated Report of Condition of Oklahoma State Chartered Savings and Loans as of June 30, 2010 41 Savings and Loan Associations 42 Sale of Checks Money Order Companies 45 Money Transmission Money Transmission Licensees 47 Cemeteries Oklahoma Perpetual Care Cemeteries Consolidated Statement 49 Perpetual Care Cemeteries 50 Cemetery Merchandise Permittees 52 Mission The mission of the State Banking Department is to allocate human and other resources to implement an effective regulatory program for financial institutions. The Department has been, and will continue to be, an advocate of financial institutions in the implementation of this program. However, our primary focus is to ensure the continuance of safe and sound financial practices in the State’s financial institutions. It would follow that the financial services offered by these sound institutions would foster economic growth and meet the public demand for these services in their communities. How Mission is Accomplished How Mission is Measured The Department is committed to the development To accomplish its mission, the Banking of its staff through education, economic rewards, Department examines banks, credit and the availability of a pleasant work environment. unions, and savings associations, and In that regard, the following objectives have been rates them based on safety and soundness. formulated by the Department: The Department also compares trends of capital requirements and assets of prior To strengthen the examination program by years. improving examination methods and procedures and by improving research and development to stay The Department can then recognize abreast of changes within the financial industry; weaknesses and implement formal and informal supervisory action to ensure To improve training programs for Department compliance with applicable laws and personnel by more efficient utilization of funds and prevent the failure of a financial resources, enhancement of internal training institution. The Department can also programs, and early detection and identification of compare the results of each examination external schools and seminars to be attended; to evaluate the progress of each financial institution. To improve communication among bank management, regulatory agencies, public entities, With respect to its supervision of money and the general public; order companies and money transmitters, the Department supervises such To acquire and maintain the required physical and institutions to assure they maintain human resources to allow more efficient and adequate security (such as a surety bond) consistent operation; and and net worth. To improve the work environment, benefits, and The Department’s supervision is directed morale of Department personnel in order to enhance at consumer protection and making sure staff motivation and satisfaction, improve that only those companies with sound productivity, and reduce turnover. business operations may conduct business in Oklahoma. 1 Governor Banking Board Credit Union Board Commissioner Deputy Commissioner Assistant Assistant Assistant Director of Deputy Deputy Deputy Administration Commissioner Commissioner Commissioner Information -- -- -- Technology Examinations Applications/ Governmental/ Administrative Depository Complaints Enforcement Assistant Non-Depository Executive Secretary Secretary File Clerk 2 OOffffiiccee SSttaaffff Mick Thompson Sherbie Kiffin Angela Morris Commissioner Assistant Deputy Executive Secretary Commissioner Charles Griffith Deborah Moore Deputy Commissioner Rhonda Bruno Secretary Director of Administration Diane Ries Dudley Gilbert Secretary Assistant Deputy Regina Rainey Commissioner Administrative Assistant Zenia Fiddes Clerk Harold A. Reel Deron Brubaker Assistant Deputy Computer Support Holly Wingfield Commissioner Specialist Clerk EExxaammiinnaattiioonn SSttaaffff Regional Examiners Senior Examiners Senior Examiners Jeffrey Bagby Wayne Arbuthnot Michael Kellum K. Paul Qualls R. Kurt Blair Lance Lassiter Roger Brock Carter Mathews Shawn Burcham Jonathan Morphis Examiners Mike Faulkenberry Rick Nelson Chuck Harryman Deloris Finley Laurie Ridgway Trisha Parham Kenneth Fisher Donna Shaw Michael Truitt Kandace Huston Terry Slagle Morris Wilson Daryl Jones Melanie Sparks Gwen Wright Doyle Jones Randy Willard 3 HB 2779 (Ownby of the House and Stanislawski of the Senate) Effective April 9, 2010 • Provides the Banking Commissioner flexibility in appointing a deputy commissioner for the Banking Department. • Clarifies that bank examination reports belong to the Banking Department. Even if a copy is in the possession of a bank, requests for production of those reports must be directed to the Banking Department rather than to the bank. • Eliminates the cost of providing numerous paper copies of the Commissioner’s annual report to the Oklahoma Publishing Clearing House. It allows use of the internet to make the report available to the public. • Describes the circumstances