Community Bank in Raceland, Louisiana (LA)



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Community Bank
GeneralFDIC Certificate #: 19143
Status: Active
Federal Reserve ID: 90337
Bank Holding Company (Regulatory Top Holder): Community Bancorp Of Louisiana, Inc. (RSSDID: 1977154, Location: Raceland, LA)
Date Established: June 20, 1964
WWW: http://www.cbexpress.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 10326
FDIC's unique #: 12970
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: June 20, 1964
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 21, 2010
Last Data Update: June 21, 2010
Data Source Date: April 05, 2012
LocationAddress: 4626 Highway #1, Raceland, LA 70394
County: Lafourche
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): Houma, LA (#3350)
Core Based Statistical Area (CBSA): Houma-Bayou Cane-Thibodaux, LA (#26380)
CBSA Metro Statistical Area: Houma-Bayou Cane-Thibodaux, LA (#26380)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $396.1 mil
Equity capital: $43.8 mil
Deposits held in domestic offices: $347.8 mil
Return on assets (ROA): 0.54% ($2.1 mil)
Quarterly return on assets: 0.52% ($2.1 mil)
Return on Equity (ROE): 5.34% ($2.3 mil)
Quarterly return on equity: 4.89% ($2.2 mil)
Net income: $2.3 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.79% ($3,129.5 mil)
Quarterly Pretax return on assets: 0.76% ($3,010.7 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)108
Total assets$396,143
Cash and due from depository institutions$36,614
Interest-bearing balances$28,998
Securities$86,863
Federal funds sold & reverse repurchase agreements$4,400
Net loans & leases$234,616
Loan loss allowance $2,731
Trading account assets$0
Bank premises and fixed assets$15,500
Other real estate owned$2,249
Goodwill and other intangibles$0
All other assets$15,901
Life insurance assets$396,143
Total liabilities and capital$352,380
Total liabilities$347,838
Total deposits$290,306
Interest-bearing deposits$347,838
Deposits held in domestic offices$61
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$449
Other borrowed funds $0
Subordinated debt $4,093
All other liabilities $43,763
Total equity capital$43,763
Total bank equity capital$43,763
Perpetual preferred stock$0
Common stock$600
Surplus$13,650
Undivided profits $29,513
Memoranda
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 $6,202
Earning assets $0
Long-term assets (5+ years) $1,104
Average Assets, year-to-date $354,877
Average Assets, quarterly $60,200
Volatile liabilities $417,790
Insider loans $410,492
FHLB advances $252,607
Loans and leases held for sale $410,402
Unused loan commitments $8,829
Tier 1 (core) risk-based capital $8,829
Tier 2 risk-based capital $43,540
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,153
Derivatives$5,837
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,765
Total interest expense $4,273
Net interest income $13,492
Provision for loan and lease losses $1,460
Total noninterest income $2,396
Fiduciary activities $0
Service charges on deposit accounts $1,366
Trading account gains & fees $0
Additional noninterest income $1,030
Total noninterest expense $11,129
Salaries and employee benefits $5,520
Premises and equipment expense $1,682
Additional noninterest expense $3,927
Pre-tax net operating income $3,299
Securities gains (losses) $0
Applicable income taxes $1,032
Income before extraordinary items $2,267
Extraordinary gains - net $0
Net income attributable to bank $2,267
Net charge-offs $0
Cash dividends $2,267
Sale, conversion, retirement of capital stock, net $1,471
Net operating income $105
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.73%
Cost of funding earning assets 1.14%
Net interest margin 3.59%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.54%
Return on assets (ROA) 0.54%
Pretax return on assets 0.79%
Return on equity (ROE) 5.34%
Retained earnings to average equity (YTD only) 5.09%
Net charge-offs to loans 0.57%
Credit loss provision to net charge-offs 99.25%
Efficiency ratio3.24%
Assets per employee$70,047
Cash dividends to net income (YTD only)3.67%
Condition Ratios (%)
Loss allowance to loans 4.63%
Loss allowance to noncurrent loans 1.15%
Noncurrent assets plus other real estate owned to assets 44.03%
Noncurrent loans to loans 2.13%
Net loans and leases to deposits2.61%
Net loans and leases to core deposits 67.45%
Equity capital to assets 69.11%
Core capital (leverage) ratio 11.05%
Tier 1 risk-based capital ratio 10.61%
Total risk-based capital ratio 17.24%
Memoranda
Average assets$18
Average earning assets$417,790
Average equity $42,490
Average loans $375,365
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9 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012970Community Bank4626 Highway #1, Raceland, LA 70394June 20, 1964Full Service Brick and Mortar
1247410Thibodaux BranchCanal Boulevard And State Highway 308, Thibodaux, LA 70301October 11, 1969Full Service Brick and Mortar
3247412Larose BranchLouisiana Highway 1 And West 26th Street, Larose, LA 70373April 06, 1982Full Service Brick and Mortar
4247413Lockport BranchHighway 1 And Ethyl Street, Lockport, LA 70374November 28, 1988Full Service Brick and Mortar
6247415Golden Meadow Branch605 North Alex Plaisance Boulevard, Golden Meadow, LA 70357March 25, 1997Full Service Brick and Mortar
7247416Napoleonville Branch205 Washington Street, Napoleonville, LA 70390March 02, 1998Full Service Brick and Mortar
8247417Thibodaux City Branch801 St. Mary Street, Thibodaux, LA 70301April 16, 1998Full Service Brick and Mortar
9359516Laplace Branch590 Belle Terre Blvd., La Place, LA 70068March 05, 2001Full Service Brick and Mortar
10466780Houma Branch1227 St. Charles Street, Houma, LA 70360July 30, 2007Full Service Brick and Mortar
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