Liberty Bank and Trust Company in New Orleans, Louisiana (LA), KS, MI, MS, MO



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Liberty Bank and Trust Company
GeneralFDIC Certificate #: 20856
Status: Active
Federal Reserve ID: 283438
Bank Holding Company (Regulatory Top Holder): Liberty Financial Services, Inc. (RSSDID: 1130548, Location: New Orleans, LA)
Date Established: November 16, 1972
WWW: http://www.libertybank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 23 (Domestic: 23, Interstate: Yes)
OTS Docket #: 10886
FDIC's unique #: 14407
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: November 16, 1972
Last Structure Change Effective Date: November 06, 2009
Last Structure Change Process Date: November 09, 2009
Last Data Update: November 09, 2009
Data Source Date: April 05, 2012
LocationAddress: 6600 Plaza Drive, Suite 600, New Orleans, LA 70127
County: Orleans
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)
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Corrections
Financial SummaryTotal assets: $559.4 mil
Equity capital: $41.8 mil
Deposits held in domestic offices: $509.4 mil
Return on assets (ROA): 0.55% ($3.1 mil)
Quarterly return on assets: 0.75% ($4.2 mil)
Return on Equity (ROE): 7.58% ($3.2 mil)
Quarterly return on equity: 10.09% ($4.2 mil)
Net income: $2.9 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 0.60% ($3,356.1 mil)
Quarterly Pretax return on assets: 0.96% ($5,369.8 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)150
Total assets$559,358
Cash and due from depository institutions$25,215
Interest-bearing balances$20,536
Securities$279,835
Federal funds sold & reverse repurchase agreements$4,357
Net loans & leases$205,423
Loan loss allowance $4,826
Trading account assets$0
Bank premises and fixed assets$12,645
Other real estate owned$1,662
Goodwill and other intangibles$0
All other assets$30,221
Life insurance assets$559,358
Total liabilities and capital$517,527
Total liabilities$509,372
Total deposits$407,732
Interest-bearing deposits$509,372
Deposits held in domestic offices$60
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $5,155
All other liabilities $41,831
Total equity capital$41,831
Total bank equity capital$41,831
Perpetual preferred stock$12,000
Common stock$200
Surplus$1,600
Undivided profits $28,031
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 $5,527
Earning assets $0
Long-term assets (5+ years) $2,286
Average Assets, year-to-date $510,151
Average Assets, quarterly $186,475
Volatile liabilities $538,877
Insider loans $565,454
FHLB advances $276,284
Loans and leases held for sale $568,621
Unused loan commitments $4,192
Tier 1 (core) risk-based capital $4,192
Tier 2 risk-based capital $37,757
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $24,697
Derivatives$1,506
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $22,279
Total interest expense $4,016
Net interest income $18,263
Provision for loan and lease losses $2,021
Total noninterest income $6,473
Fiduciary activities $0
Service charges on deposit accounts $1,543
Trading account gains & fees $0
Additional noninterest income $4,930
Total noninterest expense $20,002
Salaries and employee benefits $8,932
Premises and equipment expense $3,526
Additional noninterest expense $7,544
Pre-tax net operating income $2,713
Securities gains (losses) $536
Applicable income taxes $304
Income before extraordinary items $2,945
Extraordinary gains - net $0
Net income attributable to bank $2,945
Net charge-offs $0
Cash dividends $2,945
Sale, conversion, retirement of capital stock, net $1,282
Net operating income $856
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
Cost of funding earning assets 0.81%
Net interest margin 3.71%
Noninterest income to earning assets 1.31%
Noninterest expense to earning assets 4.06%
Net operating income to assets 0.46%
Return on assets (ROA) 0.55%
Pretax return on assets 0.60%
Return on equity (ROE) 7.58%
Retained earnings to average equity (YTD only) 5.38%
Net charge-offs to loans 0.65%
Credit loss provision to net charge-offs 157.64%
Efficiency ratio3.69%
Assets per employee$80,862
Cash dividends to net income (YTD only)3.73%
Condition Ratios (%)
Loss allowance to loans 29.07%
Loss allowance to noncurrent loans 2.30%
Noncurrent assets plus other real estate owned to assets 87.32%
Noncurrent loans to loans 1.29%
Net loans and leases to deposits2.63%
Net loans and leases to core deposits 40.33%
Equity capital to assets 45.52%
Core capital (leverage) ratio 7.48%
Tier 1 risk-based capital ratio 6.64%
Total risk-based capital ratio 13.67%
Memoranda
Average assets$15
Average earning assets$538,877
Average equity $38,833
Average loans $492,855
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1 Kansas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
202575681314 North 5th Street Branch1314 North 5th Street, Kansas City, KS 66101September 30, 1996Full Service Brick and Mortar
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14 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014407Liberty Bank And Trust Company6600 Plaza Drive, Suite 600, New Orleans, LA 70127November 16, 1972Full Service Brick and Mortar
1251827Gentilly Branch3002 Gentilly Boulevard, New Orleans, LA 70122September 19, 1974Full Service Brick and Mortar
2251828New Orleans East Branch7200 Crowder Boulevard, New Orleans, LA 70127September 17, 1981Full Service Brick and Mortar
32518291950 St. Bernard Avenue1950 St. Bernard Avenue, New Orleans, LA 70116September 25, 1992Full Service Brick and Mortar
42518301907 St. Bernard Branch1907 St. Bernard Avenue, New Orleans, Orleans Parish, LA 70116September 25, 1992Limited Service Facility
5480227990 Scenic Highway Branch7990 Scenic Highway, Baton Rouge, LA 70807January 29, 1993Full Service Brick and Mortar
7227548Magazine Street Branch3200 Magazine Street, New Orleans, LA 70115November 07, 1988Full Service Brick and Mortar
8251831De Gaulle Branch3535 General De Gaulle Drive, New Orleans, LA 70114July 29, 1996Full Service Brick and Mortar
9251832Perkins Road Branch4707 Perkins Road, Baton Rouge, LA 70808July 29, 1996Full Service Brick and Mortar
11257883Lake Oaks Branch6600 Franklin Avenue, New Orleans, LA 70122June 10, 1996Full Service Brick and Mortar
13432380Greenwell Springs Branch8796 Greenwell Springs Road, Baton Rouge, LA 70814July 19, 2004Full Service Brick and Mortar
17469270Baton Rouge Loan Production Office3233 South Sherwood Forest Boulevard, Suite 108, Baton Rouge, LA 70816June 06, 2006Limited Service Loan Production
21463792714 Canal Street Branch2714 Canal Street, New Orleans, LA 70119September 28, 1990Full Service Brick and Mortar
23466267Opelousas Branch323 South Academy Street Suite A, Opelousas, LA 70570Febuary 26, 2007Full Service Retail
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1 Michigan Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
25431639108 Woodward Avenue Branch9108 Woodward Ave, Detroit, MI 48202November 01, 1947Full Service Brick and Mortar
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1 Mississippi Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
27503131Five Points Branch2325 Livingston Road, Jackson, MS 39217January 04, 2010Full Service Brick and Mortar
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1 Missouri Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1817120Douglass National Bank Branch1670 East 63rd Street, Kansas City, MO 64110September 03, 1983Full Service Brick and Mortar
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
16469266Liberty Bank And Trust Company Loan1509 Wentworth Street, Houston, TX 77004June 19, 2007Limited Service Loan Production
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