First National Bank of West Monroe in West Monroe, Louisiana (LA)



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First National Bank of West Monroe
GeneralFDIC Certificate #: 17227
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital One, National Association (#4297)
Federal Reserve ID: 768056
Date Established: May 16, 1953
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
OTS Docket #: 10366
FDIC's unique #: 11254
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 16, 1953
Last Structure Change Effective Date: August 01, 1994
Last Structure Change Process Date: August 15, 1994
Last Data Update: August 15, 1994
Data Source Date: April 05, 2012
LocationAddress: 500 Natchitoches, West Monroe, LA 71291
County: Ouachita
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
Metropolitan Statistical Area (MSA): Monroe, LA (#5200)
Combined Statistical Area (CSA): Monroe-Bastrop, LA (#384)
Core Based Statistical Area (CBSA): Monroe, LA (#33740)
CBSA Metro Statistical Area: Monroe, LA (#33740)
Financial SummaryTotal assets: $155.7 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$85
Cash and due from depository institutions$158,820
Interest-bearing balances$9,050
Securities$1,077
Federal funds sold & reverse repurchase agreements$60,887
Net loans & leases$8,000
Loan loss allowance $77,736
Trading account assets$1,038
Bank premises and fixed assets$0
Other real estate owned$1,545
Goodwill and other intangibles$106
All other assets$0
Life insurance assets$1,496
Total liabilities and capital$0
Total liabilities$158,820
Total deposits$145,905
Interest-bearing deposits$139,359
Deposits held in domestic offices$113,822
% insured (estimated)139359.00%
Federal funds purchased & repurchase agreements $85
Trading liabilities$1,881
Other borrowed funds $0
Subordinated debt $3,861
All other liabilities $0
Total equity capital$804
Total bank equity capital$804
Perpetual preferred stock$12,915
Common stock$0
Surplus$2,421
Undivided profits $3,063
Memoranda
Noncurrent loans and leases $7,431
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,038
Earning assets $506
Long-term assets (5+ years) $147,700
Average Assets, year-to-date $15,589
Average Assets, quarterly $157,185
Volatile liabilities $160,468
Insider loans $16,088
FHLB advances $1,521
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $13,322
Tier 2 risk-based capital $0
Total risk weighted assets $12,915
Total unused commitments $96,219
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $11,472
Net interest income $3,983
Provision for loan and lease losses $7,489
Total noninterest income -$235
Fiduciary activities $1,427
Service charges on deposit accounts $7
Trading account gains & fees $754
Additional noninterest income $0
Total noninterest expense $666
Salaries and employee benefits $5,591
Premises and equipment expense $2,956
Additional noninterest expense $872
Pre-tax net operating income $1,763
Securities gains (losses) $3,560
Applicable income taxes $76
Income before extraordinary items $1,086
Extraordinary gains - net $2,550
Net income attributable to bank $0
Net charge-offs $2,550
Cash dividends $711
Sale, conversion, retirement of capital stock, net $2,490
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 7.92%
Net interest margin 2.75%
Noninterest income to earning assets 5.17%
Noninterest expense to earning assets 0.98%
Net operating income to assets 3.86%
Return on assets (ROA) 1.59%
Pretax return on assets 1.62%
Return on equity (ROE) 2.31%
Retained earnings to average equity (YTD only) 19.78%
Net charge-offs to loans 0.47%
Credit loss provision to net charge-offs 0.93%
Efficiency ratio-33.05%
Assets per employee$62,707
Cash dividends to net income (YTD only)1.87%
Condition Ratios (%)
Loss allowance to loans 97.65%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 100.00%
Noncurrent loans to loans 0.72%
Net loans and leases to deposits1.32%
Net loans and leases to core deposits 55.78%
Equity capital to assets 60.25%
Core capital (leverage) ratio 8.13%
Tier 1 risk-based capital ratio 8.08%
Total risk-based capital ratio 13.42%
Memoranda
Average assets$15
Average earning assets$157,185
Average equity $12,892
Average loans $144,920
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