Patterson State Bank in Patterson, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Patterson State Bank - Overview

  • General
  • FDIC Certificate #: 12609
    Status: Active
    Federal Reserve ID: 85931
    Bank Holding Company (Regulatory Top Holder): Patterson Bancshares, Inc. (RSSDID: 3631469, Location: Patterson, LA)
    Date Established: January 01, 1925
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12689
    FDIC's unique #: 8006
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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
  • Location
  • Address: 1130 Highway 90 West, Patterson, LA 70392
    County: St. Mary
    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): Morgan City, LA (#34020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $208.3 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $181.3 mil
    Return on assets (ROA): 0.81% ($1.7 mil)
    Quarterly return on assets: 0.90% ($1.9 mil)
    Return on Equity (ROE): 8.36% ($1.8 mil)
    Quarterly return on equity: 8.98% ($1.9 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.02% ($2,124.8 mil)
    Quarterly Pretax return on assets: 1.14% ($2,374.7 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
  • 50Total employees (full-time equivalent)
  • $208,310Total assets
  • $2,323Cash and due from depository institutions
  • $585Interest-bearing balances
  • $52,671Securities
  • $1,100Federal funds sold & reverse repurchase agreements
  • $143,412Net loans & leases
  • $1,494Loan loss allowance
  • $0Trading account assets
  • $2,071Bank premises and fixed assets
  • $1,563Other real estate owned
  • $0Goodwill and other intangibles
  • $208,310Life insurance assets
  • $5,170All other assets
  • $187,303Total liabilities and capital
  • $181,266Total liabilities
  • $141,179Total deposits
  • $181,266Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,037Subordinated debt
  • $21,007All other liabilities
  • $21,007Total equity capital
  • $21,007Total bank equity capital
  • $0Perpetual preferred stock
  • $225Common stock
  • $3,775Surplus
  • $17,007Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,398Income earned, not collected on loans
  • $0Earning assets
  • $771Long-term assets (5+ years)
  • $197,768Average Assets, year-to-date
  • $97,930Average Assets, quarterly
  • $211,194Volatile liabilities
  • $208,461Insider loans
  • $120,316FHLB advances
  • $209,418Loans and leases held for sale
  • $1,804Unused loan commitments
  • $1,804Tier 1 (core) risk-based capital
  • $20,648Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,953Restructured Loans and leases
  • $3,050Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,208Total interest income
  • $2,330Total interest expense
  • $7,878Net interest income
  • $675Provision for loan and lease losses
  • $1,216Total noninterest income
  • $0Fiduciary activities
  • $709Service charges on deposit accounts
  • $0Trading account gains & fees
  • $507Additional noninterest income
  • $6,267Total noninterest expense
  • $3,136Salaries and employee benefits
  • $546Premises and equipment expense
  • $2,585Additional noninterest expense
  • $2,152Pre-tax net operating income
  • $0Securities gains (losses)
  • $448Applicable income taxes
  • $1,704Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,704Net income attributable to bank
  • $0Net charge-offs
  • $1,704Cash dividends
  • $618Sale, conversion, retirement of capital stock, net
  • $773Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 8.36%Return on equity (ROE)
  • 4.57%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 109.22%Credit loss provision to net charge-offs
  • 4.57%Efficiency ratio
  • 68,914Assets per employee
  • 4.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.36%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 106.87%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 79.12%Net loans and leases to core deposits
  • 83.63%Equity capital to assets
  • 10.08%Core capital (leverage) ratio
  • 9.86%Tier 1 risk-based capital ratio
  • 17.16%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $211,194Average earning assets
  • $20,382Average equity
  • $198,398Average loans

List of branches

  • 6 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08006Patterson State Bank1130 Highway 90 West, Patterson, LA 70392January 01, 1925Full Service Brick and Mortar
    1227525Bay BranchGreenwood Street And Victor Ii Boulevard, Morgan City, LA 70380January 27, 1975Full Service Brick and Mortar
    5227529Berwick Branch4791 Highway 182, Berwick, LA 70342Febuary 17, 1998Full Service Brick and Mortar
    8464099Psb Home Loans - Loan Production Off1006 Surrey Street, Lafayette, LA 70501June 11, 2007Limited Service Loan Production
    9482364Patterson State Bank Loan Production1819 West Pinhook Road, Suite 111, Lafayette, LA 70508August 15, 2007Limited Service Loan Production
    10489482Patterson State Bank Loan Production38099 Post Office Road, Suite 11, Prairieville, LA 70769March 15, 2009Limited Service Loan Production

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