Colfax Banking Company in Colfax, Louisiana (LA)

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Colfax Banking Company
GeneralFDIC Certificate #: 8140
Status: Active
Federal Reserve ID: 178356
Bank Holding Company (Regulatory Top Holder): Community Bancshares Company (RSSDID: 2948254, Location: Colfax, LA)
Date Established: January 01, 1901
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 5185
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: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
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
LocationAddress: 625 Eighth Street, Colfax, LA 71417
County: Grant
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Alexandria, LA (#10780)
CBSA Metro Statistical Area: Alexandria, LA (#10780)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $81.9 mil
Equity capital: $9.1 mil
Deposits held in domestic offices: $72.7 mil
Return on assets (ROA): 1.35% ($1.1 mil)
Quarterly return on assets: 1.03% ($0.8 mil)
Return on Equity (ROE): 13.14% ($1.2 mil)
Quarterly return on equity: 9.27% ($0.8 mil)
Net income: $1.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.35% ($1,105.7 mil)
Quarterly Pretax return on assets: 1.03% ($843.6 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)
Total employees (full-time equivalent)33
Total assets$81,904
Cash and due from depository institutions$6,525
Interest-bearing balances$3,937
Federal funds sold & reverse repurchase agreements$1,250
Net loans & leases$37,382
Loan loss allowance $239
Trading account assets$0
Bank premises and fixed assets$3,058
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,381
Life insurance assets$81,904
Total liabilities and capital$72,843
Total liabilities$72,673
Total deposits$53,724
Interest-bearing deposits$72,673
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $170
All other liabilities $9,061
Total equity capital$9,061
Total bank equity capital$9,061
Perpetual preferred stock$0
Common stock$50
Undivided profits $6,161
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $267
Earning assets $0
Long-term assets (5+ years) $220
Average Assets, year-to-date $74,877
Average Assets, quarterly $23,636
Volatile liabilities $81,896
Insider loans $82,079
FHLB advances $38,145
Loans and leases held for sale $81,334
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,688
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,879
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,007
Total interest expense $645
Net interest income $3,362
Provision for loan and lease losses $50
Total noninterest income $599
Fiduciary activities $0
Service charges on deposit accounts $291
Trading account gains & fees $0
Additional noninterest income $308
Total noninterest expense $2,909
Salaries and employee benefits $1,540
Premises and equipment expense $422
Additional noninterest expense $947
Pre-tax net operating income $1,002
Securities gains (losses) $104
Applicable income taxes $0
Income before extraordinary items $1,106
Extraordinary gains - net $0
Net income attributable to bank $1,106
Net charge-offs $0
Cash dividends $1,106
Sale, conversion, retirement of capital stock, net $36
Net operating income $622
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.36%
Cost of funding earning assets 0.86%
Net interest margin 4.50%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 3.89%
Net operating income to assets 1.22%
Return on assets (ROA) 1.35%
Pretax return on assets 1.35%
Return on equity (ROE) 13.14%
Retained earnings to average equity (YTD only) 5.75%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 138.89%
Efficiency ratio29.22%
Assets per employee$73,441
Cash dividends to net income (YTD only)2.48%
Condition Ratios (%)
Loss allowance to loans 56.24%
Loss allowance to noncurrent loans 0.64%
Noncurrent assets plus other real estate owned to assets 89.51%
Noncurrent loans to loans 0.33%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 51.44%
Equity capital to assets 62.14%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 20.15%
Average assets$21
Average earning assets$81,896
Average equity $8,415
Average loans $74,692
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5 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05185Colfax Banking Company625 Eighth Street, Colfax, LA 71417January 01, 1901Full Service Brick and Mortar
1217983Pollock BranchU.S. Highway 165, Pollock, LA 71467October 19, 1983Full Service Brick and Mortar
2217984Dry Prong BranchHighway 167 And Fifth Street, Dry Prong, LA 71423November 03, 1986Full Service Brick and Mortar
3217985Prospect Branch21700 U.S. Highway 167, Dry Prong, LA 71423July 29, 1996Full Service Brick and Mortar
4477936Kingsville Branch3780 Monroe Highway, Pineville, LA 71360June 13, 2008Full Service Brick and Mortar
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