Mutual Savings and Loan Association in Metairie, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mutual Savings and Loan Association in Metairie, Louisiana (LA)
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Mutual Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 27716
    Status: Active
    Federal Reserve ID: 809070
    Date Established: January 01, 1910
    WWW: http://www.mutualsavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 165
    FDIC's unique #: 40550
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 16, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2900 Clearview Parkway, Metairie, LA 70006
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $33.7 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $21.1 mil
    Return on assets (ROA): 0.93% ($0.3 mil)
    Quarterly return on assets: 0.95% ($0.3 mil)
    Return on Equity (ROE): 2.91% ($0.3 mil)
    Quarterly return on equity: 2.86% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.40% ($471.4 mil)
    Quarterly Pretax return on assets: 1.44% ($484.9 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
  • 6Total employees (full-time equivalent)
  • $33,671Total assets
  • $877Cash and due from depository institutions
  • $728Interest-bearing balances
  • $93Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,492Net loans & leases
  • $185Loan loss allowance
  • $0Trading account assets
  • $813Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $33,671Life insurance assets
  • $396All other assets
  • $22,295Total liabilities and capital
  • $21,070Total liabilities
  • $19,888Total deposits
  • $21,070Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,030Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $11,376All other liabilities
  • $11,376Total equity capital
  • $11,376Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $11,376Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $0Earning assets
  • $110Long-term assets (5+ years)
  • $32,313Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $35,108Volatile liabilities
  • $34,058Insider loans
  • $17,824FHLB advances
  • $33,671Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,376Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,979Restructured Loans and leases
  • $601Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,836Total interest income
  • $231Total interest expense
  • $1,605Net interest income
  • $10Provision for loan and lease losses
  • $97Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $1,199Total noninterest expense
  • $704Salaries and employee benefits
  • $289Premises and equipment expense
  • $206Additional noninterest expense
  • $493Pre-tax net operating income
  • $0Securities gains (losses)
  • $167Applicable income taxes
  • $326Income before extraordinary items
  • $0Extraordinary gains - net
  • $326Net income attributable to bank
  • $0Net charge-offs
  • $326Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.77%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 2.91%Return on equity (ROE)
  • 2.91%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 15.38%Credit loss provision to net charge-offs
  • 7.74%Efficiency ratio
  • 70,447Assets per employee
  • 5.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.58%Loss allowance to noncurrent loans
  • 3700.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 149.46%Net loans and leases to core deposits
  • 171.65%Equity capital to assets
  • 33.79%Core capital (leverage) ratio
  • 33.79%Tier 1 risk-based capital ratio
  • 63.82%Total risk-based capital ratio
  • Memoranda
  • $65Average assets
  • $35,108Average earning assets
  • $11,208Average equity
  • $33,642Average loans

List of branches

  • 1 Louisiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040550Mutual Savings And Loan Association2900 Clearview Parkway, Metairie, LA 70006January 01, 1910Full Service Brick and Mortar

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