Progressive Bank and Trust Company in Houma, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

Progressive Bank and Trust Company in Houma, Louisiana (LA)
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Progressive Bank and Trust Company - Overview

General
FDIC Certificate #: 21419
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital One, National Association (#4297)
Federal Reserve ID: 496939
Date Established: January 28, 1974
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 9669
FDIC's unique #: 14813
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 28, 1974
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 17, 1995
Last Data Update: July 17, 1995
Data Source Date: April 05, 2012
Location
Address: 1 Progressive Square, Houma, LA 70361
County: Terrebonne
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): Houma, LA (#3350)
Core Based Statistical Area (CBSA): Houma-Bayou Cane-Thibodaux, LA (#26380)
CBSA Metro Statistical Area: Houma-Bayou Cane-Thibodaux, LA (#26380)
Financial Summary
Total assets: $153.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$100Total assets
$141,992Cash and due from depository institutions
$9,333Interest-bearing balances
$4,055Securities
$48,142Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$79,556Loan loss allowance
$1,216Trading account assets
$0Bank premises and fixed assets
$3,231Other real estate owned
$302Goodwill and other intangibles
$1,428Life insurance assets
$0All other assets
$0Total liabilities and capital
$141,992Total liabilities
$130,300Total deposits
$122,050Interest-bearing deposits
$100,321Deposits held in domestic offices
122050.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$7,195Subordinated debt
$0All other liabilities
$1,055Total equity capital
$1,055Total bank equity capital
$11,692Perpetual preferred stock
$0Common stock
$1,116Surplus
$3,883Undivided profits
Memoranda
$6,693Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$234Income earned, not collected on loans
$410Earning assets
$131,753Long-term assets (5+ years)
$46,499Average Assets, year-to-date
$138,917Average Assets, quarterly
$140,669Volatile liabilities
$21,439Insider loans
$5,531FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,526Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,217Total risk weighted assets
$81,697Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$11,319Total interest expense
$4,283Net interest income
$7,036Provision for loan and lease losses
-$648Total noninterest income
$2,243Fiduciary activities
$0Service charges on deposit accounts
$948Trading account gains & fees
$0Additional noninterest income
$1,295Total noninterest expense
$4,933Salaries and employee benefits
$2,468Premises and equipment expense
$701Additional noninterest expense
$1,764Pre-tax net operating income
$4,994Securities gains (losses)
-$72Applicable income taxes
$1,465Income before extraordinary items
$3,457Extraordinary gains - net
$0Net income attributable to bank
$3,457Net charge-offs
-$8Cash dividends
$1,338Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.73%Cost of funding earning assets
3.30%Net interest margin
5.43%Noninterest income to earning assets
1.73%Noninterest expense to earning assets
3.80%Net operating income to assets
2.52%Return on assets (ROA)
2.49%Pretax return on assets
3.54%Return on equity (ROE)
31.10%Retained earnings to average equity (YTD only)
19.06%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
8100.00%Efficiency ratio
53,163Assets per employee
1.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.70%Loss allowance to loans
1.51%Loss allowance to noncurrent loans
519.66%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.29%Net loans and leases to deposits
65.18%Net loans and leases to core deposits
78.30%Equity capital to assets
8.23%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
14.95%Total risk-based capital ratio
Memoranda
$16Average assets
$138,917Average earning assets
$11,115Average equity
$129,655Average loans

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