Ouachita Independent Bank in Monroe, Louisiana (LA)



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Ouachita Independent Bank routing number info

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Ouachita Independent Bank
GeneralFDIC Certificate #: 34332
Status: Active
Federal Reserve ID: 2454607
Bank Holding Company (Regulatory Top Holder): Ouachita Bancshares Corp. (RSSDID: 2454586, Location: Monroe, LA)
Date Established: March 03, 1997
WWW: http://www.oibank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
FDIC's unique #: 57091
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 03, 1997
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 909 North 18th Street, Monroe, LA 71201
County: Ouachita
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Monroe, LA (#5200)
Combined Statistical Area (CSA): Monroe-Bastrop, LA (#384)
Core Based Statistical Area (CBSA): Monroe, LA (#33740)
CBSA Metro Statistical Area: Monroe, LA (#33740)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $567.7 mil
Equity capital: $64.2 mil
Deposits held in domestic offices: $472.5 mil
Return on assets (ROA): 1.86% ($10.6 mil)
Quarterly return on assets: 1.96% ($11.1 mil)
Return on Equity (ROE): 18.97% ($12.1 mil)
Quarterly return on equity: 17.47% ($11.2 mil)
Net income: $9.7 mil
Quarterly Net income: $2.7 mil
Pretax return on assets: 1.86% ($10,558.4 mil)
Quarterly Pretax return on assets: 1.96% ($11,126.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)169
Total assets$567,658
Cash and due from depository institutions$50,610
Interest-bearing balances$40,096
Securities$117,894
Federal funds sold & reverse repurchase agreements$1,141
Net loans & leases$371,430
Loan loss allowance $3,983
Trading account assets$0
Bank premises and fixed assets$15,348
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$11,235
Life insurance assets$567,658
Total liabilities and capital$503,497
Total liabilities$472,474
Total deposits$338,313
Interest-bearing deposits$472,474
Deposits held in domestic offices$87
% insured (estimated)25755.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,619
Other borrowed funds $0
Subordinated debt $3,649
All other liabilities $64,161
Total equity capital$64,161
Total bank equity capital$64,161
Perpetual preferred stock$0
Common stock$2,000
Surplus$36,028
Undivided profits $26,133
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,688
Income earned, not collected on loans $2,100
Earning assets $0
Long-term assets (5+ years) $2,334
Average Assets, year-to-date $530,561
Average Assets, quarterly $107,311
Volatile liabilities $524,374
Insider loans $559,239
FHLB advances $411,642
Loans and leases held for sale $562,122
Unused loan commitments $5,626
Tier 1 (core) risk-based capital $980
Tier 2 risk-based capital $58,794
Total risk weighted assets $3,291
Total unused commitments $1,355
Restructured Loans and leases $76,125
Derivatives$1,350
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,209
Total interest expense $3,645
Net interest income $21,564
Provision for loan and lease losses $752
Total noninterest income $6,440
Fiduciary activities $0
Service charges on deposit accounts $2,053
Trading account gains & fees $0
Additional noninterest income $4,387
Total noninterest expense $17,604
Salaries and employee benefits $10,450
Premises and equipment expense $2,331
Additional noninterest expense $4,823
Pre-tax net operating income $9,648
Securities gains (losses) $89
Applicable income taxes $0
Income before extraordinary items $9,737
Extraordinary gains - net $0
Net income attributable to bank $9,737
Net charge-offs $0
Cash dividends $9,737
Sale, conversion, retirement of capital stock, net $62
Net operating income $8,522
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.18%
Cost of funding earning assets 0.75%
Net interest margin 4.43%
Noninterest income to earning assets 1.32%
Noninterest expense to earning assets 3.62%
Net operating income to assets 1.84%
Return on assets (ROA) 1.86%
Pretax return on assets 1.86%
Return on equity (ROE) 18.97%
Retained earnings to average equity (YTD only) 2.37%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 1212.90%
Efficiency ratio167.74%
Assets per employee$62,216
Cash dividends to net income (YTD only)3.36%
Condition Ratios (%)
Loss allowance to loans 87.52%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 189.67%
Noncurrent loans to loans 0.37%
Net loans and leases to deposits0.56%
Net loans and leases to core deposits 78.61%
Equity capital to assets 84.53%
Core capital (leverage) ratio 11.30%
Tier 1 risk-based capital ratio 10.46%
Total risk-based capital ratio 14.28%
Memoranda
Average assets$15
Average earning assets$524,374
Average equity $51,325
Average loans $486,952
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12 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057091Ouachita Independent Bank909 North 18th Street, Monroe, LA 71201March 03, 1997Full Service Brick and Mortar
1290542West Monroe Branch701 Mcmillan Road, West Monroe, LA 71291November 17, 1997Full Service Brick and Mortar
2290543North 7th Street Branch2002 North 7th Street, West Monroe, LA 71291August 31, 1998Full Service Brick and Mortar
3290544Lakeshore Branch7950 Desiard Street, Monroe, LA 71203January 24, 2000Full Service Brick and Mortar
411012Bastrop Branch311 North Franklin, Bastrop, LA 71220August 21, 1950Full Service Brick and Mortar
5239548East Madison Branch1503 East Madison Street, Bastrop, LA 71220October 11, 1977Full Service Brick and Mortar
6418679Highway 165 North Branch4370 Sterlington Road, Monroe, LA 71203March 17, 2003Full Service Brick and Mortar
7418684Fern Branch6801 Fern Avenue, Shreveport, LA 71105April 07, 2003Full Service Brick and Mortar
8431549Ellerbe Road Branch9010 Ellerbe Rd, Shreveport, LA 71106April 15, 2004Full Service Brick and Mortar
9439894Garrett Drive Branch800 Garrett Drive, Bossier City, LA 71111April 18, 2005Full Service Brick and Mortar
12482165Benton Rd. Branch4200 Benton Road, Bossier City, LA 71111October 20, 2008Full Service Brick and Mortar
13513632Drew Community Branch1270 Highway 15, West Monroe, LA 71292October 15, 2010Full Service Brick and Mortar
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