Colfax Banking Company in Colfax, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Colfax Banking Company - Overview

  • General
  • FDIC 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
    WWW: http://www.colfaxbanking.com
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 33Total employees (full-time equivalent)
  • $81,904Total assets
  • $6,525Cash and due from depository institutions
  • $3,937Interest-bearing balances
  • $32,308Securities
  • $1,250Federal funds sold & reverse repurchase agreements
  • $37,382Net loans & leases
  • $239Loan loss allowance
  • $0Trading account assets
  • $3,058Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $81,904Life insurance assets
  • $1,381All other assets
  • $72,843Total liabilities and capital
  • $72,673Total liabilities
  • $53,724Total deposits
  • $72,673Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $170Subordinated debt
  • $9,061All other liabilities
  • $9,061Total equity capital
  • $9,061Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,850Surplus
  • $6,161Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $267Income earned, not collected on loans
  • $0Earning assets
  • $220Long-term assets (5+ years)
  • $74,877Average Assets, year-to-date
  • $23,636Average Assets, quarterly
  • $81,896Volatile liabilities
  • $82,079Insider loans
  • $38,145FHLB advances
  • $81,334Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,688Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,879Restructured Loans and leases
  • $107Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,007Total interest income
  • $645Total interest expense
  • $3,362Net interest income
  • $50Provision for loan and lease losses
  • $599Total noninterest income
  • $0Fiduciary activities
  • $291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $308Additional noninterest income
  • $2,909Total noninterest expense
  • $1,540Salaries and employee benefits
  • $422Premises and equipment expense
  • $947Additional noninterest expense
  • $1,002Pre-tax net operating income
  • $104Securities gains (losses)
  • $0Applicable income taxes
  • $1,106Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,106Net income attributable to bank
  • $0Net charge-offs
  • $1,106Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $622Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 13.14%Return on equity (ROE)
  • 5.75%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 138.89%Credit loss provision to net charge-offs
  • 29.22%Efficiency ratio
  • 73,441Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.24%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 89.51%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 51.44%Net loans and leases to core deposits
  • 62.14%Equity capital to assets
  • 11.06%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 20.15%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $81,896Average earning assets
  • $8,415Average equity
  • $74,692Average loans

List of branches

  • 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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