Central Progressive Bank in Lacombe, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 18, 2011

Central Progressive Bank - Overview

  • General
  • FDIC Certificate #: 19657
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: First NBC Bank (#58302)
    Federal Reserve ID: 185037
    Date Established: January 03, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 14434
    FDIC's unique #: 13456
    Numeric code: 21
    Regulator: FDIC
    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: January 03, 1967
    Last Structure Change Effective Date: November 18, 2011
    Last Structure Change Process Date: November 21, 2011
    Last Data Update: November 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 29092 Krentel Road, Lacombe, LA 70445
    County: St. Tammany
    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
    Metropolitan Statistical Area (MSA): New Orleans, LA (#5560)
    Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
    Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380)
    CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
  • Financial Summary
  • Total assets: $383.1 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, 2010)

  • Dollar figures in thousands
  • 168Total employees (full-time equivalent)
  • $421,849Total assets
  • $48,341Cash and due from depository institutions
  • $43,773Interest-bearing balances
  • $9,426Securities
  • $1,475Federal funds sold & reverse repurchase agreements
  • $239,953Net loans & leases
  • $9,293Loan loss allowance
  • $0Trading account assets
  • $16,389Bank premises and fixed assets
  • $81,061Other real estate owned
  • $0Goodwill and other intangibles
  • $12,690Life insurance assets
  • $25,204All other assets
  • $421,849Total liabilities and capital
  • $388,108Total liabilities
  • $361,917Total deposits
  • $301,720Interest-bearing deposits
  • $361,917Deposits held in domestic offices
  • 93.84%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,718Other borrowed funds
  • $0Subordinated debt
  • $3,473All other liabilities
  • $33,741Total equity capital
  • $33,741Total bank equity capital
  • $33,741Perpetual preferred stock
  • $0Common stock
  • $1,895Surplus
  • $37,105Undivided profits
  • Memoranda
  • $-5,259Noncurrent loans and leases
  • $29,824Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34,781Earning assets
  • $0Long-term assets (5+ years)
  • $1,091Average Assets, year-to-date
  • $294,627Average Assets, quarterly
  • $15,626Volatile liabilities
  • $415,993Insider loans
  • $419,311FHLB advances
  • $90,909Loans and leases held for sale
  • $4,919Unused loan commitments
  • $22,494Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,917Total risk weighted assets
  • $29,824Total unused commitments
  • $18,339Restructured Loans and leases
  • $4,213Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $17,208Total interest income
  • $6,429Total interest expense
  • $10,779Net interest income
  • $413Provision for loan and lease losses
  • $5,303Total noninterest income
  • $0Fiduciary activities
  • $2,385Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,918Additional noninterest income
  • $20,810Total noninterest expense
  • $7,321Salaries and employee benefits
  • $3,440Premises and equipment expense
  • $10,049Additional noninterest expense
  • -$5,141Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,807Applicable income taxes
  • -$3,334Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,334Net income attributable to bank
  • $0Net charge-offs
  • -$3,334Cash dividends
  • $3,302Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 2.16%Cost of funding earning assets
  • 3.62%Net interest margin
  • 1.78%Noninterest income to earning assets
  • 6.99%Noninterest expense to earning assets
  • -0.80%Net operating income to assets
  • -0.80%Return on assets (ROA)
  • -1.24%Pretax return on assets
  • -9.35%Return on equity (ROE)
  • -9.35%Retained earnings to average equity (YTD only)
  • 1.27%Net charge-offs to loans
  • 12.51%Credit loss provision to net charge-offs
  • -1.43%Efficiency ratio
  • 129,399Assets per employee
  • 2.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.73%Loss allowance to noncurrent loans
  • 26.72%Noncurrent assets plus other real estate owned to assets
  • 27.46%Noncurrent loans to loans
  • 13.95%Net loans and leases to deposits
  • 66.30%Net loans and leases to core deposits
  • 88.47%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 6.29%Tier 1 risk-based capital ratio
  • 7.80%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $415,993Average earning assets
  • $35,654Average equity
  • $297,797Average loans

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