Dryades Savings and Loan Association, F.A. in New Orleans, Louisiana (LA)

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Dryades Savings and Loan Association, F.A.
GeneralFDIC Certificate #: 33429
Status: Inactive
Closing history: Conservatorship Institution Resolved
Acquiring institution: Dryades Savings Bank, F.S.B. (#33933)
Federal Reserve ID: 1000771
Date Established: June 07, 1991
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 9240
FDIC's unique #: 47111
Numeric code: 38
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: June 07, 1991
Last Structure Change Effective Date: September 09, 1994
Last Structure Change Process Date: September 13, 1994
Last Data Update: November 22, 1994
Data Source Date: April 05, 2012
LocationAddress: 814 Gravier Street, New Orleans, LA 70112
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)
History of ChangesPass Through Receivership Merger
Conservatorship Institution Resolved
Financial SummaryTotal assets: $59.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$33
Cash and due from depository institutions$68,851
Interest-bearing balances$3,209
Federal funds sold & reverse repurchase agreements$34,328
Net loans & leases$0
Loan loss allowance $20,226
Trading account assets$828
Bank premises and fixed assets$0
Other real estate owned$1,768
Goodwill and other intangibles$215
All other assets$0
Life insurance assets$9,105
Total liabilities and capital$0
Total liabilities$68,851
Total deposits$82,034
Interest-bearing deposits$80,383
Deposits held in domestic offices$80,366
% insured (estimated)80383.00%
Federal funds purchased & repurchase agreements $100
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,651
Total bank equity capital$1,651
Perpetual preferred stock$-13,183
Common stock$0
Undivided profits $0
Noncurrent loans and leases $-13,183
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,799
Earning assets $118
Long-term assets (5+ years) $57,372
Average Assets, year-to-date $0
Average Assets, quarterly $85,952
Volatile liabilities $72,689
Insider loans $202
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $-13,032
Total unused commitments $30,136
Restructured Loans and leases $0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $3,827
Net interest income $3,594
Provision for loan and lease losses $233
Total noninterest income $313
Fiduciary activities $6,577
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $6,577
Salaries and employee benefits $3,675
Premises and equipment expense $1,366
Additional noninterest expense $578
Pre-tax net operating income $1,731
Securities gains (losses) $2,822
Applicable income taxes $0
Income before extraordinary items $0
Extraordinary gains - net $2,822
Net income attributable to bank $0
Net charge-offs $2,822
Cash dividends $1,170
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 5.18%
Net interest margin 4.86%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 8.90%
Net operating income to assets 4.97%
Return on assets (ROA) 3.28%
Pretax return on assets 3.28%
Return on equity (ROE) 3.28%
Retained earnings to average equity (YTD only) -16.95%
Net charge-offs to loans -16.95%
Credit loss provision to net charge-offs 4.76%
Efficiency ratio26.75%
Assets per employee$53,965
Cash dividends to net income (YTD only)2.09%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.93%
Noncurrent assets plus other real estate owned to assets 46.03%
Noncurrent loans to loans 2.93%
Net loans and leases to deposits8.54%
Net loans and leases to core deposits 25.16%
Equity capital to assets 25.23%
Core capital (leverage) ratio -19.15%
Tier 1 risk-based capital ratio -18.89%
Total risk-based capital ratio -43.24%
Average assets-$43
Average earning assets$85,952
Average equity -$16,653
Average loans $73,880
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