FDIC Certificate #: 14817 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Whitney National Bank (#18538) Federal Reserve ID: 398136 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 9273 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: October 17, 1934 Last Structure Change Effective Date: May 16, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: 420 Mississippi Street, Donaldsonville, LA 70346 County: Ascension 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): Baton Rouge, LA (#760) Combined Statistical Area (CSA): Baton Rouge-Pierre Part, LA (#132) Core Based Statistical Area (CBSA): Baton Rouge, LA (#12940) CBSA Metro Statistical Area: Baton Rouge, LA (#12940)
Financial Summary
Total assets: $106.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
64Total employees (full-time equivalent)
$124,978Total assets
$7,867Cash and due from depository institutions
$0Interest-bearing balances
$53,177Securities
$7,700Federal funds sold & reverse repurchase agreements
$52,727Net loans & leases
$970Loan loss allowance
$0Trading account assets
$2,044Bank premises and fixed assets
$19Other real estate owned
$226Goodwill and other intangibles
$0Life insurance assets
$1,218All other assets
$124,978Total liabilities and capital
$111,803Total liabilities
$111,434Total deposits
$93,914Interest-bearing deposits
$111,434Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$369All other liabilities
$13,175Total equity capital
$13,175Total bank equity capital
$13,175Perpetual preferred stock
$0Common stock
$642Surplus
$653Undivided profits
Memoranda
$11,880Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$496Earning assets
$0Long-term assets (5+ years)
$449Average Assets, year-to-date
$113,604Average Assets, quarterly
$8,181Volatile liabilities
$111,583Insider loans
$114,736FHLB advances
$11,794Loans and leases held for sale
$889Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,444Total unused commitments
$0Restructured Loans and leases
$57,050Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,662Total interest income
$2,995Total interest expense
$4,667Net interest income
$349Provision for loan and lease losses
$870Total noninterest income
$0Fiduciary activities
$758Service charges on deposit accounts
$0Trading account gains & fees
$112Additional noninterest income
$3,825Total noninterest expense
$1,825Salaries and employee benefits
$400Premises and equipment expense
$1,600Additional noninterest expense
$1,363Pre-tax net operating income
$0Securities gains (losses)
$399Applicable income taxes
$964Income before extraordinary items
$0Extraordinary gains - net
$964Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$115Sale, conversion, retirement of capital stock, net
$513Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.55%Yield on earning assets
2.95%Cost of funding earning assets
4.60%Net interest margin
0.86%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
1.22%Pretax return on assets
7.49%Return on equity (ROE)
3.50%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
303.48%Credit loss provision to net charge-offs
14.89%Efficiency ratio
67,835Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.22%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
195.56%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.92%Net loans and leases to deposits
47.32%Net loans and leases to core deposits
52.92%Equity capital to assets
10.54%Core capital (leverage) ratio
12.00%Tier 1 risk-based capital ratio
22.56%Total risk-based capital ratio
Memoranda
$24Average assets
$111,583Average earning assets
$12,872Average equity
$101,485Average loans
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