FDIC Certificate #: 29531 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Guaranty Bank (#14028) Federal Reserve ID: 385574 Date Established: January 01, 1911 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3606 FDIC's unique #: 42365 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: January 16, 1936 Last Structure Change Effective Date: July 30, 2007 Last Structure Change Process Date: September 13, 2007 Last Data Update: September 13, 2007 Data Source Date: April 05, 2012
Location
Address: 195 North Sixth Street, Ponchatoula, LA 70454 County: Tangipahoa 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 Core Based Statistical Area (CBSA): Hammond, LA (#25220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $128.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
25Total employees (full-time equivalent)
$131,139Total assets
$3,956Cash and due from depository institutions
$2,573Interest-bearing balances
$51,389Securities
$0Federal funds sold & reverse repurchase agreements
$70,777Net loans & leases
$325Loan loss allowance
$0Trading account assets
$1,516Bank premises and fixed assets
$128Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,373All other assets
$131,139Total liabilities and capital
$119,002Total liabilities
$70,833Total deposits
$66,192Interest-bearing deposits
$70,833Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$47,400Other borrowed funds
$0Subordinated debt
$769All other liabilities
$12,137Total equity capital
$12,137Total bank equity capital
$12,137Perpetual preferred stock
$0Common stock
$71Surplus
$7,498Undivided profits
Memoranda
$4,568Noncurrent loans and leases
$11,918Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$533Earning assets
$0Long-term assets (5+ years)
$605Average Assets, year-to-date
$124,739Average Assets, quarterly
$0Volatile liabilities
$132,752Insider loans
$131,513FHLB advances
$64,097Loans and leases held for sale
$0Unused loan commitments
$47,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,918Total unused commitments
$0Restructured Loans and leases
$325Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$7,659Total interest income
$4,788Total interest expense
$2,871Net interest income
$0Provision for loan and lease losses
$409Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$409Additional noninterest income
$2,846Total noninterest expense
$1,644Salaries and employee benefits
$364Premises and equipment expense
$838Additional noninterest expense
$434Pre-tax net operating income
$0Securities gains (losses)
$125Applicable income taxes
$309Income before extraordinary items
$0Extraordinary gains - net
$309Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.11%Yield on earning assets
3.82%Cost of funding earning assets
2.29%Net interest margin
0.33%Noninterest income to earning assets
2.27%Noninterest expense to earning assets
0.23%Net operating income to assets
0.23%Return on assets (ROA)
0.33%Pretax return on assets
2.66%Return on equity (ROE)
2.66%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
86,768Assets per employee
5.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.46%Loss allowance to noncurrent loans
60.98%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.75%Net loans and leases to deposits
99.92%Net loans and leases to core deposits
130.74%Equity capital to assets
9.26%Core capital (leverage) ratio
9.61%Tier 1 risk-based capital ratio
20.15%Total risk-based capital ratio
Memoranda
$21Average assets
$132,752Average earning assets
$11,611Average equity
$125,399Average loans
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