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


Simmesport State Bank - Overview

  • General
  • FDIC Certificate #: 17587
    Status: Active
    Federal Reserve ID: 844138
    Date Established: May 01, 1956
    WWW: http://www.simmesportstatebank.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)
    FDIC's unique #: 11559
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: May 01, 1956
    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: Highway 1 And Laurel Street, Simmesport, LA 71369
    County: Avoyelles
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $62.8 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $54.3 mil
    Return on assets (ROA): 0.90% ($0.6 mil)
    Quarterly return on assets: 0.44% ($0.3 mil)
    Return on Equity (ROE): 6.71% ($0.5 mil)
    Quarterly return on equity: 3.29% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.32% ($829.3 mil)
    Quarterly Pretax return on assets: 0.39% ($245.0 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
  • 17Total employees (full-time equivalent)
  • $62,828Total assets
  • $4,578Cash and due from depository institutions
  • $748Interest-bearing balances
  • $5,782Securities
  • $7,750Federal funds sold & reverse repurchase agreements
  • $43,196Net loans & leases
  • $525Loan loss allowance
  • $0Trading account assets
  • $554Bank premises and fixed assets
  • $367Other real estate owned
  • $0Goodwill and other intangibles
  • $62,828Life insurance assets
  • $601All other assets
  • $54,358Total liabilities and capital
  • $54,316Total liabilities
  • $44,254Total deposits
  • $54,316Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $42Subordinated debt
  • $8,470All other liabilities
  • $8,470Total equity capital
  • $8,470Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,277Surplus
  • $7,118Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,049Income earned, not collected on loans
  • $0Earning assets
  • $346Long-term assets (5+ years)
  • $57,476Average Assets, year-to-date
  • $5,663Average Assets, quarterly
  • $61,984Volatile liabilities
  • $63,071Insider loans
  • $38,893FHLB advances
  • $63,932Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,364Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,488Restructured Loans and leases
  • $1,076Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,574Total interest income
  • $907Total interest expense
  • $2,667Net interest income
  • $180Provision for loan and lease losses
  • $205Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19Additional noninterest income
  • $1,875Total noninterest expense
  • $797Salaries and employee benefits
  • $133Premises and equipment expense
  • $945Additional noninterest expense
  • $817Pre-tax net operating income
  • $0Securities gains (losses)
  • $262Applicable income taxes
  • $555Income before extraordinary items
  • $0Extraordinary gains - net
  • $555Net income attributable to bank
  • $0Net charge-offs
  • $555Cash dividends
  • $199Sale, conversion, retirement of capital stock, net
  • $131Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 6.71%Return on equity (ROE)
  • 5.12%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 90.45%Credit loss provision to net charge-offs
  • 5.01%Efficiency ratio
  • 65,286Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.60%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 50.05%Noncurrent assets plus other real estate owned to assets
  • 2.25%Noncurrent loans to loans
  • 2.40%Net loans and leases to deposits
  • 79.53%Net loans and leases to core deposits
  • 84.05%Equity capital to assets
  • 13.48%Core capital (leverage) ratio
  • 13.08%Tier 1 risk-based capital ratio
  • 21.51%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $61,984Average earning assets
  • $8,275Average equity
  • $57,731Average loans

List of branches

  • 1 Louisiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011559Simmesport State BankHighway 1 And Laurel Street, Simmesport, LA 71369May 01, 1956Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Simmesport State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents