Dryades Savings Bank, F.S.B. in New Orleans, Louisiana (LA)



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Dryades Savings Bank, F.S.B.
GeneralFDIC Certificate #: 33933
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First NBC Bank (#58302)
Federal Reserve ID: 2239279
Date Established: September 09, 1994
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 11884
FDIC's unique #: 55102
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: September 09, 1994
Last Structure Change Effective Date: November 30, 2010
Last Structure Change Process Date: December 01, 2010
Last Data Update: December 01, 2010
Data Source Date: April 05, 2012
LocationAddress: 233 Carondelet Street, Suite 200, New Orleans, LA 70130
County: Orleans
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 SummaryTotal assets: $81.6 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)31
Total assets$82,668
Cash and due from depository institutions$4,495
Interest-bearing balances$227
Securities$8,173
Federal funds sold & reverse repurchase agreements$1,242
Net loans & leases$59,313
Loan loss allowance $1,620
Trading account assets$0
Bank premises and fixed assets$3,595
Other real estate owned$0
Goodwill and other intangibles$186
All other assets$5,664
Life insurance assets$2,616
Total liabilities and capital$82,668
Total liabilities$75,517
Total deposits$70,592
Interest-bearing deposits$60,349
Deposits held in domestic offices$70,592
% insured (estimated)84.65%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $3,850
Subordinated debt $0
All other liabilities $1,075
Total equity capital$7,151
Total bank equity capital$7,151
Perpetual preferred stock$7,151
Common stock$1,644
Surplus$4,881
Undivided profits $1,041
Memoranda
Noncurrent loans and leases $-415
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $8,979
Income earned, not collected on loans $0
Earning assets $255
Long-term assets (5+ years) $0
Average Assets, year-to-date $269
Average Assets, quarterly $68,955
Volatile liabilities $0
Insider loans $78,494
FHLB advances $84,727
Loans and leases held for sale $27,155
Unused loan commitments $0
Tier 1 (core) risk-based capital $3,850
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $8,979
Restructured Loans and leases $927
Derivatives$777
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Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $4,845
Total interest expense $1,056
Net interest income $3,789
Provision for loan and lease losses $0
Total noninterest income $1,191
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $1,191
Total noninterest expense $4,979
Salaries and employee benefits $2,116
Premises and equipment expense $1,092
Additional noninterest expense $1,771
Pre-tax net operating income $1
Securities gains (losses) $173
Applicable income taxes -$19
Income before extraordinary items $193
Extraordinary gains - net $0
Net income attributable to bank $193
Net charge-offs $0
Cash dividends $193
Sale, conversion, retirement of capital stock, net -$238
Net operating income $0
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.35%
Cost of funding earning assets 1.60%
Net interest margin 5.75%
Noninterest income to earning assets 1.81%
Noninterest expense to earning assets 7.55%
Net operating income to assets 0.03%
Return on assets (ROA) 0.25%
Pretax return on assets 0.22%
Return on equity (ROE) 2.76%
Retained earnings to average equity (YTD only) 2.76%
Net charge-offs to loans -0.44%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$99,639
Cash dividends to net income (YTD only)2.67%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.66%
Noncurrent assets plus other real estate owned to assets 635.29%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.42%
Net loans and leases to core deposits 84.02%
Equity capital to assets 125.43%
Core capital (leverage) ratio 8.65%
Tier 1 risk-based capital ratio 8.39%
Total risk-based capital ratio 11.28%
Memoranda
Average assets$13
Average earning assets$78,494
Average equity $7,002
Average loans $65,943
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