Bank of Erath in Erath, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Erath - Overview

  • General
  • FDIC Certificate #: 8532
    Status: Active
    Federal Reserve ID: 399731
    Bank Holding Company (Regulatory Top Holder): Bank Of Erath Holding Company (RSSDID: 4125152, Location: Erath, LA)
    Date Established: January 01, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 5440
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 West Edwards, Erath, LA 70533
    County: Vermilion
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
    Core Based Statistical Area (CBSA): Abbeville, LA (#10020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $87.9 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $74.9 mil
    Return on assets (ROA): 0.99% ($0.9 mil)
    Quarterly return on assets: 0.60% ($0.5 mil)
    Return on Equity (ROE): 6.77% ($0.8 mil)
    Quarterly return on equity: 4.14% ($0.5 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.27% ($1,116.5 mil)
    Quarterly Pretax return on assets: 0.57% ($501.1 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $87,911Total assets
  • $11,148Cash and due from depository institutions
  • $8,065Interest-bearing balances
  • $24,460Securities
  • $25Federal funds sold & reverse repurchase agreements
  • $50,118Net loans & leases
  • $622Loan loss allowance
  • $0Trading account assets
  • $1,230Bank premises and fixed assets
  • $146Other real estate owned
  • $0Goodwill and other intangibles
  • $87,911Life insurance assets
  • $784All other assets
  • $75,434Total liabilities and capital
  • $74,912Total liabilities
  • $49,014Total deposits
  • $74,912Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $522Subordinated debt
  • $12,477All other liabilities
  • $12,477Total equity capital
  • $12,477Total bank equity capital
  • $0Perpetual preferred stock
  • $355Common stock
  • $3,010Surplus
  • $9,112Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32Income earned, not collected on loans
  • $0Earning assets
  • $446Long-term assets (5+ years)
  • $82,668Average Assets, year-to-date
  • $16,720Average Assets, quarterly
  • $85,013Volatile liabilities
  • $87,284Insider loans
  • $59,585FHLB advances
  • $87,684Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,915Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,951Restructured Loans and leases
  • $132Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,091Total interest income
  • $427Total interest expense
  • $3,664Net interest income
  • $75Provision for loan and lease losses
  • $681Total noninterest income
  • $0Fiduciary activities
  • $339Service charges on deposit accounts
  • $0Trading account gains & fees
  • $342Additional noninterest income
  • $3,191Total noninterest expense
  • $1,737Salaries and employee benefits
  • $455Premises and equipment expense
  • $999Additional noninterest expense
  • $1,079Pre-tax net operating income
  • $0Securities gains (losses)
  • $235Applicable income taxes
  • $844Income before extraordinary items
  • $0Extraordinary gains - net
  • $844Net income attributable to bank
  • $0Net charge-offs
  • $844Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $710Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.59%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 6.77%Return on equity (ROE)
  • 1.08%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 170.45%Credit loss provision to net charge-offs
  • 26.23%Efficiency ratio
  • 73,441Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.12%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 1943.75%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 66.90%Net loans and leases to core deposits
  • 70.11%Equity capital to assets
  • 14.19%Core capital (leverage) ratio
  • 13.59%Tier 1 risk-based capital ratio
  • 20.00%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $85,013Average earning assets
  • $12,463Average equity
  • $79,839Average loans

List of branches

  • 3 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05440Bank Of Erath105 West Edwards, Erath, LA 70533January 01, 1910Full Service Brick and Mortar
    1218671Delcambre BranchRailroad And Main Streets, Delcambre, LA 70528October 22, 1962Full Service Brick and Mortar
    2218672Abbeville Branch1309 Charity Street, Abbeville, LA 70510May 05, 1986Full Service Brick and Mortar

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