First Guaranty Bank in Hammond, Louisiana (LA)
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| First Guaranty Bank | |
|---|---|
| General | FDIC Certificate #: 14028 Status: Active Federal Reserve ID: 422433 Bank Holding Company (Regulatory Top Holder): First Guaranty Bancshares, Inc. (RSSDID: 3589560, Location: Hammond, LA) Date Established: March 12, 1934 WWW: http://www.fgb.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 20 (Domestic: 20, Interstate: No) FDIC's unique #: 8769 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: March 12, 1934 Last Structure Change Effective Date: July 01, 2011 Last Structure Change Process Date: July 11, 2011 Last Data Update: July 11, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 400 Guaranty Square, Hammond, LA 70401 County: Tangipahoa Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Baton Rouge Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Hammond, LA (#25220) CBSA Micro Statistical Area: Yes |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $1,353.3 mil Equity capital: $127.8 mil Deposits held in domestic offices: $1,208.9 mil Return on assets (ROA): 0.73% ($9.9 mil) Quarterly return on assets: 0.41% ($5.5 mil) Return on Equity (ROE): 8.33% ($10.7 mil) Quarterly return on equity: 4.33% ($5.5 mil) Net income: $9.0 mil Quarterly Net income: $1.4 mil Pretax return on assets: 1.05% ($14,209.5 mil) Quarterly Pretax return on assets: 0.59% ($7,984.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 260 |
| Total assets | $1,353,289 |
| Cash and due from depository institutions | $43,810 |
| Interest-bearing balances | $27,732 |
| Securities | $632,872 |
| Federal funds sold & reverse repurchase agreements | $68,630 |
| Net loans & leases | $564,221 |
| Loan loss allowance | $8,879 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $19,921 |
| Other real estate owned | $5,710 |
| Goodwill and other intangibles | $4,810 |
| All other assets | $13,315 |
| Life insurance assets | $1,353,289 |
| Total liabilities and capital | $1,225,488 |
| Total liabilities | $1,208,921 |
| Total deposits | $1,039,378 |
| Interest-bearing deposits | $1,208,921 |
| Deposits held in domestic offices | $60 |
| % insured (estimated) | 12223.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,344 |
| All other liabilities | $127,801 |
| Total equity capital | $127,801 |
| Total bank equity capital | $127,801 |
| Perpetual preferred stock | $0 |
| Common stock | $5,560 |
| Surplus | $90,827 |
| Undivided profits | $31,414 |
| 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 | $23,186 |
| Earning assets | $84 |
| Long-term assets (5+ years) | $8,128 |
| Average Assets, year-to-date | $1,293,455 |
| Average Assets, quarterly | $609,016 |
| Volatile liabilities | $1,225,980 |
| Insider loans | $1,332,474 |
| FHLB advances | $857,885 |
| Loans and leases held for sale | $1,301,103 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $118,727 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $76,063 |
| Derivatives | $41,949 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $55,051 |
| Total interest expense | $14,993 |
| Net interest income | $40,058 |
| Provision for loan and lease losses | $10,187 |
| Total noninterest income | $6,633 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $3,608 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,025 |
| Total noninterest expense | $27,036 |
| Salaries and employee benefits | $12,387 |
| Premises and equipment expense | $3,451 |
| Additional noninterest expense | $11,198 |
| Pre-tax net operating income | $9,468 |
| Securities gains (losses) | $3,434 |
| Applicable income taxes | $3,923 |
| Income before extraordinary items | $8,979 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $8,979 |
| Net charge-offs | $0 |
| Cash dividends | $8,979 |
| Sale, conversion, retirement of capital stock, net | $9,625 |
| Net operating income | $4,600 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.70% |
| Cost of funding earning assets | 1.28% |
| Net interest margin | 3.42% |
| Noninterest income to earning assets | 0.57% |
| Noninterest expense to earning assets | 2.31% |
| Net operating income to assets | 0.54% |
| Return on assets (ROA) | 0.73% |
| Pretax return on assets | 1.05% |
| Return on equity (ROE) | 8.33% |
| Retained earnings to average equity (YTD only) | 4.06% |
| Net charge-offs to loans | 1.68% |
| Credit loss provision to net charge-offs | 105.84% |
| Efficiency ratio | 2.04% |
| Assets per employee | $57,292 |
| Cash dividends to net income (YTD only) | 5.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 51.23% |
| Loss allowance to noncurrent loans | 1.55% |
| Noncurrent assets plus other real estate owned to assets | 38.29% |
| Noncurrent loans to loans | 2.14% |
| Net loans and leases to deposits | 4.05% |
| Net loans and leases to core deposits | 46.67% |
| Equity capital to assets | 61.83% |
| Core capital (leverage) ratio | 9.44% |
| Tier 1 risk-based capital ratio | 9.13% |
| Total risk-based capital ratio | 13.84% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $1,225,980 |
| Average equity | $107,791 |
| Average loans | $1,170,305 |
| Total Fiduciary and Related Assets (December 31, 2009) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $79 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $79 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $79 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 9 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 20 Louisiana Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8769 | First Guaranty Bank | 400 Guaranty Square, Hammond, LA 70401 | March 12, 1934 | Full Service Brick and Mortar |  |
| 1 | 230843 | Amite Branch | 100 East Oak Street, Amite, LA 70422 | March 12, 1934 | Full Service Brick and Mortar |  |
| 3 | 230845 | Kentwood Branch | 301 Avenue F, Kentwood, LA 70444 | November 15, 1941 | Full Service Brick and Mortar | |
| 4 | 230846 | Ponchatoula Branch | 195 North 6th Street, Ponchatoula, LA 70454 | March 12, 1934 | Full Service Brick and Mortar | |
| 6 | 230848 | Independence Branch | 455 West Railroad Avenue, Independence, LA 70443 | October 18, 1976 | Full Service Brick and Mortar | |
| 9 | 230851 | Guaranty West Branch | 2111 West Thomas Street, Hammond, LA 70401 | November 12, 1979 | Full Service Brick and Mortar | |
| 10 | 61308 | Jennings Branch | 500 North Cary Avenue, Jennings, LA 70546 | November 21, 1997 | Full Service Brick and Mortar | |
| 11 | 290787 | Abbeville Branch | 799 West Summers Drive, Abbeville, LA 70510 | September 01, 1998 | Full Service Brick and Mortar | |
| 12 | 202988 | Vivian Branch | 102 East Louisiana Avenue, Vivian, LA 71082 | September 12, 1955 | Full Service Brick and Mortar | |
| 13 | 9425 | Oil City Branch | 126 S. Highway 1, Oil City, LA 71061 | January 01, 1924 | Full Service Brick and Mortar | |
| 19 | 6739 | Dubach Branch | 117 East Hico Street, Dubach, LA 71235 | January 01, 1906 | Full Service Brick and Mortar | |
| 20 | 5184 | Benton Branch | 196 Burt Boulevard, Benton, LA 71006 | September 01, 1904 | Full Service Brick and Mortar | |
| 23 | 202926 | Haynesville Branch | 10065 North First Street, Haynesville, LA 71038 | September 14, 1981 | Full Service Brick and Mortar | |
| 25 | 73826 | Homer Branch | 401 North 2nd Street, Homer, LA 71040 | January 26, 1999 | Full Service Brick and Mortar | |
| 26 | 363792 | Denham Springs Branch | 2231 South Range Avenue, Denham Springs, LA 70726 | May 01, 2002 | Full Service Brick and Mortar | |
| 30 | 364362 | Walker South Road Branch | 29815 Walker South Road, Walker, LA 70785 | June 25, 2001 | Full Service Brick and Mortar | |
| 31 | 897 | Greensburg Branch | 6151 Hwy 10, Greensburg, LA 70441 | January 01, 1904 | Full Service Brick and Mortar | |
| 32 | 189419 | Montpelier Branch | Highways 16 And Bookter Avenue, Montpelier, LA 70422 | April 15, 1981 | Full Service Brick and Mortar | |
| 33 | 189420 | Watson Branch | 3318 Louisiana Highway 16, Denham Springs, LA 70706 | June 08, 1998 | Full Service Brick and Mortar | |
| 34 | 189421 | Kentwood Branch | 723 Ave G, Kentwood, LA 70444 | Febuary 01, 1999 | Full Service Brick and Mortar | |
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