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


Sicily Island State Bank - Overview

  • General
  • FDIC Certificate #: 12722
    Status: Active
    Federal Reserve ID: 1002458
    Date Established: Febuary 01, 1918
    WWW: http://www.sibank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10808
    FDIC's unique #: 8068
    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: 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: 301 Newman Street, Sicily Island, LA 71368
    County: Catahoula
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $31.5 mil
    Equity capital: $4.5 mil
    Deposits held in domestic offices: $25.4 mil
    Return on assets (ROA): 1.95% ($0.6 mil)
    Quarterly return on assets: 1.69% ($0.5 mil)
    Return on Equity (ROE): 14.68% ($0.7 mil)
    Quarterly return on equity: 12.34% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.95% ($614.1 mil)
    Quarterly Pretax return on assets: 1.69% ($532.2 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
  • 11Total employees (full-time equivalent)
  • $31,490Total assets
  • $1,736Cash and due from depository institutions
  • $1,087Interest-bearing balances
  • $3,602Securities
  • $400Federal funds sold & reverse repurchase agreements
  • $23,977Net loans & leases
  • $335Loan loss allowance
  • $0Trading account assets
  • $1,009Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $31,490Life insurance assets
  • $716All other assets
  • $26,982Total liabilities and capital
  • $25,399Total liabilities
  • $22,585Total deposits
  • $25,399Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,511Trading liabilities
  • $0Other borrowed funds
  • $72Subordinated debt
  • $4,508All other liabilities
  • $4,508Total equity capital
  • $4,508Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,350Surplus
  • $1,008Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $302Income earned, not collected on loans
  • $0Earning assets
  • $214Long-term assets (5+ years)
  • $29,066Average Assets, year-to-date
  • $5,395Average Assets, quarterly
  • $32,689Volatile liabilities
  • $33,384Insider loans
  • $22,096FHLB advances
  • $36,647Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,418Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,726Restructured Loans and leases
  • $161Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,022Total interest income
  • $350Total interest expense
  • $1,672Net interest income
  • $55Provision for loan and lease losses
  • $326Total noninterest income
  • $0Fiduciary activities
  • $211Service charges on deposit accounts
  • $0Trading account gains & fees
  • $115Additional noninterest income
  • $1,306Total noninterest expense
  • $662Salaries and employee benefits
  • $144Premises and equipment expense
  • $500Additional noninterest expense
  • $637Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $637Income before extraordinary items
  • $0Extraordinary gains - net
  • $637Net income attributable to bank
  • $0Net charge-offs
  • $637Cash dividends
  • $113Sale, conversion, retirement of capital stock, net
  • $270Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 5.52%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • 1.95%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 14.68%Return on equity (ROE)
  • 8.46%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 48.67%Credit loss provision to net charge-offs
  • 6.12%Efficiency ratio
  • 65,365Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.39%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 110.93%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 94.40%Net loans and leases to core deposits
  • 106.78%Equity capital to assets
  • 14.32%Core capital (leverage) ratio
  • 12.06%Tier 1 risk-based capital ratio
  • 19.99%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $32,689Average earning assets
  • $4,341Average equity
  • $30,308Average loans

List of branches

  • 1 Louisiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08068Sicily Island State Bank301 Newman Street, Sicily Island, LA 71368Febuary 01, 1918Full Service Brick and Mortar

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