Local Bank (Hulbert, OK)
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Data as of · sourced from FFIEC call reports. How we update
Local Bank is an FDIC-insured commercial bank headquartered in Hulbert, OK, established in 1908 (FDIC certificate 2327), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $463.1M, up 9.9% from Q2 2025, the 58th largest of 169 banks headquartered in Oklahoma. Its CET1 capital ratio was 13.13% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 2327
- Headquarters
- Hulbert, OK
- Established
- 1908
- Total assets, Q2 2026
- $463.1M
- Assets vs Q2 2025
- +9.9%
- CET1 ratio, Q2 2026
- 13.13%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 103107839
- Holding company
- CHEROKEE COUNTY BANCSHARES, INC.
- Asset rank in state
- 58th of 169 in Oklahoma
Problem loans are rising at Local Bank. The Hulbert, Oklahoma bank had $463 million in assets at June 30, 2026, up 9.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.52% of loans from 0.21% a year earlier. It earns about $0.42 a year on every $100 of assets, about a third the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 84 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $448,000 was 42% below a year earlier. Funding is the softer spot: it pays an average of 2.74% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
As of June 30, 2026, Local Bank reported a CET1 capital ratio of 13.13%, a return on assets of 0.42%, a nonperforming-loan ratio of 0.52% and a Texas ratio of 3.69%. The figures come from its call report filed with the FFIEC.
Local Bank ranks as the 58th largest of the 169 banks based in Oklahoma, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.9% to $463.1M, loans rose 4.2% and deposits rose 5.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 29.8% of total loans, followed by non-owner-occupied commercial real estate loans at 15.8%. Its 6 offices in the FDIC Summary of Deposits are in 5 cities in OK; its Tahlequah 2 offices book 74% of its branch deposits. On its Q2 2026 call report, Local Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 385 E Main St, Hulbert, OK 74441
- County
- Cherokee
- Metro Area
- Tahlequah, OK
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 1, 1908
- Former names
- Bank of Cherokee County (1996-2022)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 94
- Domestic deposits
- $382.6M
- Allowance for credit losses
- $2.2M
- Net charge-offs (YTD)
- $90K
- Average total assets
- $427.8M
- Average total loans
- $329.6M
- Average interest-bearing deposits
- $336.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2327
- Fed RSSD
- 815754
- Website
- localbank.com →
- Parent Holding Company
- CHEROKEE COUNTY BANCSHARES, INC. (RSSD 2011952)
- Ultimate Parent
- GRANDVIEW BANKSHARES, INC. (RSSD 2355870)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Local Bank's total assets ranged from $327.8M (Q3 2023) to $463.1M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$463.1M total assets against $421.2M; $416.1M total liabilities against $374.4M.
$348.1M net loans and leases against $295.6M; $382.6M total deposits against $331.0M.
$20.7M securities against $39.5M; $45.4M cash and balances due against $44.5M.
$6.7M total interest income against $5.8M; $2.7M total interest expense against $2.6M.
$4.0M net interest income against $3.2M.
$376K total noninterest income against $955K; $3.8M total noninterest expense against $3.2M.
$175K provision for credit losses against $100K.
$448K net income against $771K.
0.42% return on assets against 0.79%; 4.31% net interest margin against 3.66%.
13.13% CET1 capital ratio against 15.18%; 11.35% tier 1 leverage ratio against 12.49%.
Inside the full Local Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Local Bank rankings
Its closest position to the top of a national ranking is 1,863 of 4,196, for total assets; its furthest is 3,355 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.26% (Q4 2024) to 0.79% (Q2 2025) and its net interest margin ran from 3.00% (Q4 2024) to 4.31% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.13% | 0.42% | 0.52% | 3.69% | 4.31% |
| Q1 2026 | 13.79% | 0.29% | 0.19% | 1.27% | 3.90% |
| Q4 2025 | 14.25% | 0.27% | 0.36% | 2.39% | 3.85% |
| Q3 2025 | 14.76% | 0.47% | 0.19% | 1.23% | 3.76% |
| Q2 2025 | 15.18% | 0.79% | 0.21% | 1.27% | 3.66% |
| Q1 2025 | 15.51% | 0.29% | 0.28% | 1.65% | 3.49% |
| Q4 2024 | 15.63% | 0.26% | 0.26% | 1.51% | 3.00% |
| Q3 2024 | 16.50% | 0.62% | 0.19% | 1.04% | 3.21% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Park Hill Branch | Tahlequah , OK | 74464 | $194.4M |
| Plaza Branch | Tahlequah , OK | 74464 | $89.2M |
| Local Bank (main office) | Hulbert , OK | 74441 | $41.2M |
| Sallisaw Branch | Sallisaw , OK | 74955 | $34.6M |
| Grove Branch | Grove , OK | 74344 | $23.2M |
| Local Bank - Muskogee Branch | Muskogee , OK | 74401 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in OK, rank 64 of 192 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $250K approved, $250K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Local Bank
What are Local Bank's total assets?
As of the Q2 2026 filing, Local Bank reported total assets of $463.1 million in its FFIEC call report.
Where is Local Bank headquartered?
It is headquartered in Hulbert, OK, United States.
When was Local Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Local Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2327). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Local Bank?
Local Bank's primary federal regulator is the Federal Reserve.
What is Local Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.13% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Local Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Local Bank's Texas Ratio?
Its Texas Ratio is 3.69% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Local Bank previously called?
The charter now named Local Bank has also operated as Bank of Cherokee County (1996-2022), per FDIC structure-change records.
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