FDIC Certificate #: 29869 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank and Trust (#33405) Federal Reserve ID: 1000379 Date Established: March 01, 1937 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4232 FDIC's unique #: 42703 Numeric code: 37 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: April 02, 1937 Last Structure Change Effective Date: Febuary 13, 2009 Last Structure Change Process Date: Febuary 17, 2009 Last Data Update: Febuary 17, 2009 Data Source Date: April 05, 2012
Location
Address: 4051 Veterans Boulevard, Suite 100, Metairie, LA 70002 County: Jefferson 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 Summary
Total assets: $27.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
4Total employees (full-time equivalent)
$27,071Total assets
$130Cash and due from depository institutions
$88Interest-bearing balances
$578Securities
$1,136Federal funds sold & reverse repurchase agreements
$24,603Net loans & leases
$75Loan loss allowance
$0Trading account assets
$13Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$611All other assets
$27,071Total liabilities and capital
$21,594Total liabilities
$16,904Total deposits
$16,904Interest-bearing deposits
$16,904Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,561Other borrowed funds
$0Subordinated debt
$129All other liabilities
$5,477Total equity capital
$5,477Total bank equity capital
$5,477Perpetual preferred stock
$0Common stock
$0Surplus
$1,443Undivided profits
Memoranda
$4,034Noncurrent loans and leases
$1,028Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$97Average Assets, year-to-date
$26,405Average Assets, quarterly
$0Volatile liabilities
$27,989Insider loans
$27,531FHLB advances
$7,712Loans and leases held for sale
$935Unused loan commitments
$4,417Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,028Total unused commitments
$0Restructured Loans and leases
$75Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,583Total interest income
$901Total interest expense
$682Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$601Total noninterest expense
$291Salaries and employee benefits
$240Premises and equipment expense
$70Additional noninterest expense
$81Pre-tax net operating income
$0Securities gains (losses)
$22Applicable income taxes
$59Income before extraordinary items
$0Extraordinary gains - net
$59Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$183Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.80%Yield on earning assets
3.30%Cost of funding earning assets
2.50%Net interest margin
0.00%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
0.21%Net operating income to assets
0.21%Return on assets (ROA)
0.29%Pretax return on assets
1.07%Return on equity (ROE)
-2.25%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,123Assets per employee
6.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
310.17%Loss allowance to loans
0.30%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
145.55%Net loans and leases to core deposits
178.89%Equity capital to assets
20.23%Core capital (leverage) ratio
20.24%Tier 1 risk-based capital ratio
39.80%Total risk-based capital ratio
Memoranda
$40Average assets
$27,989Average earning assets
$5,513Average equity
$27,284Average loans
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