First State Bank and Trust Company in Franklinton, Louisiana (LA)

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First State Bank and Trust Company
GeneralFDIC Certificate #: 8530
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital One, National Association (#4297)
Federal Reserve ID: 680439
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 5438
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 1994
Last Structure Change Process Date: January 25, 1995
Last Data Update: January 25, 1995
Data Source Date: April 05, 2012
LocationAddress: 946 Pearl Street, Franklinton, LA 70438
County: Washington
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
Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
Core Based Statistical Area (CBSA): Bogalusa, LA (#14220)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $149.0 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$75
Cash and due from depository institutions$146,821
Interest-bearing balances$6,277
Federal funds sold & reverse repurchase agreements$85,350
Net loans & leases$2,550
Loan loss allowance $47,982
Trading account assets$1,230
Bank premises and fixed assets$0
Other real estate owned$1,643
Goodwill and other intangibles$1,378
All other assets$0
Life insurance assets$1,641
Total liabilities and capital$0
Total liabilities$146,821
Total deposits$127,389
Interest-bearing deposits$126,691
Deposits held in domestic offices$106,614
% insured (estimated)126691.00%
Federal funds purchased & repurchase agreements $89
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$698
Total bank equity capital$698
Perpetual preferred stock$19,432
Common stock$0
Undivided profits $8,000
Noncurrent loans and leases $10,432
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,175
Earning assets $407
Long-term assets (5+ years) $135,882
Average Assets, year-to-date $1,018
Average Assets, quarterly $147,538
Volatile liabilities $146,968
Insider loans $9,876
FHLB advances $500
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $4,577
Tier 2 risk-based capital $0
Total risk weighted assets $19,432
Total unused commitments $58,004
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 $9,865
Net interest income $3,695
Provision for loan and lease losses $6,170
Total noninterest income $364
Fiduciary activities $1,245
Service charges on deposit accounts $4
Trading account gains & fees $700
Additional noninterest income $0
Total noninterest expense $541
Salaries and employee benefits $4,040
Premises and equipment expense $2,047
Additional noninterest expense $973
Pre-tax net operating income $1,020
Securities gains (losses) $3,011
Applicable income taxes $0
Income before extraordinary items $1,031
Extraordinary gains - net $1,980
Net income attributable to bank $0
Net charge-offs $1,980
Cash dividends $428
Sale, conversion, retirement of capital stock, net $100
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 7.26%
Net interest margin 2.72%
Noninterest income to earning assets 4.54%
Noninterest expense to earning assets 0.92%
Net operating income to assets 2.97%
Return on assets (ROA) 1.34%
Pretax return on assets 1.34%
Return on equity (ROE) 2.04%
Retained earnings to average equity (YTD only) 10.76%
Net charge-offs to loans 10.22%
Credit loss provision to net charge-offs 0.91%
Efficiency ratio85.05%
Assets per employee$54,484
Cash dividends to net income (YTD only)1.96%
Condition Ratios (%)
Loss allowance to loans 5.05%
Loss allowance to noncurrent loans 2.50%
Noncurrent assets plus other real estate owned to assets 104.68%
Noncurrent loans to loans 1.74%
Net loans and leases to deposits2.39%
Net loans and leases to core deposits 37.87%
Equity capital to assets 41.08%
Core capital (leverage) ratio 13.24%
Tier 1 risk-based capital ratio 13.14%
Total risk-based capital ratio 33.50%
Average assets$35
Average earning assets$147,538
Average equity $18,397
Average loans $135,835
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