South Lafourche Bank & Trust Company in Larose, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

South Lafourche Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 19755
    Status: Active
    Federal Reserve ID: 135836
    Bank Holding Company (Regulatory Top Holder): Lafourche Bancshares, Inc. (RSSDID: 1082236, Location: Larose, LA)
    Date Established: October 13, 1967
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 13550
    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: October 13, 1967
    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: 13226 West Main Street, Larose, LA 70373
    County: Lafourche
    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)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $157.5 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $133.6 mil
    Return on assets (ROA): 1.76% ($2.8 mil)
    Quarterly return on assets: 1.74% ($2.7 mil)
    Return on Equity (ROE): 21.86% ($3.1 mil)
    Quarterly return on equity: 20.69% ($2.9 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.76% ($2,771.5 mil)
    Quarterly Pretax return on assets: 1.74% ($2,740.0 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
  • 58Total employees (full-time equivalent)
  • $157,469Total assets
  • $4,617Cash and due from depository institutions
  • $908Interest-bearing balances
  • $7,935Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,743Net loans & leases
  • $3,186Loan loss allowance
  • $0Trading account assets
  • $2,036Bank premises and fixed assets
  • $155Other real estate owned
  • $0Goodwill and other intangibles
  • $157,469Life insurance assets
  • $1,983All other assets
  • $143,936Total liabilities and capital
  • $133,580Total liabilities
  • $113,673Total deposits
  • $133,580Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 875.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,124Trading liabilities
  • $0Other borrowed funds
  • $357Subordinated debt
  • $13,533All other liabilities
  • $13,533Total equity capital
  • $13,533Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $5,700Surplus
  • $7,533Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,936Income earned, not collected on loans
  • $0Earning assets
  • $569Long-term assets (5+ years)
  • $149,586Average Assets, year-to-date
  • $11,805Average Assets, quarterly
  • $161,340Volatile liabilities
  • $158,526Insider loans
  • $99,065FHLB advances
  • $158,826Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,472Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,940Restructured Loans and leases
  • $1,642Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,282Total interest income
  • $2,159Total interest expense
  • $7,123Net interest income
  • $388Provision for loan and lease losses
  • $985Total noninterest income
  • $0Fiduciary activities
  • $738Service charges on deposit accounts
  • $0Trading account gains & fees
  • $247Additional noninterest income
  • $4,880Total noninterest expense
  • $2,496Salaries and employee benefits
  • $790Premises and equipment expense
  • $1,594Additional noninterest expense
  • $2,840Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,840Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,840Net income attributable to bank
  • $0Net charge-offs
  • $2,840Cash dividends
  • $115Sale, conversion, retirement of capital stock, net
  • $2,031Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.07%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 21.86%Return on equity (ROE)
  • 6.23%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 337.39%Credit loss provision to net charge-offs
  • 28.07%Efficiency ratio
  • 60,187Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.51%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 80.95%Noncurrent assets plus other real estate owned to assets
  • 2.60%Noncurrent loans to loans
  • 2.73%Net loans and leases to deposits
  • 105.36%Net loans and leases to core deposits
  • 130.54%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $161,340Average earning assets
  • $12,994Average equity
  • $152,925Average loans

List of branches

  • 5 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013550South Lafourche Bank & Trust Company13226 West Main Street, Larose, LA 70373October 13, 1967Full Service Brick and Mortar
    1249423Golden Meadow Branch20658 Ushwy 1, Golden Meadow, LA 70357March 24, 1980Full Service Brick and Mortar
    3249425Cut Off BranchEast 51st Street And Highway 308, Cut Off, LA 70345April 29, 1991Full Service Brick and Mortar
    4465771North Larose Office10960 Ushwy 1, Lockport, LA 70374June 25, 2007Full Service Brick and Mortar
    5501267Galliano Branch16582 West Main Street, Galliano, LA 70354October 05, 2009Full Service Brick and Mortar

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