FDIC Certificate #: 29561 Status: Inactive Closing history: Corrections Acquiring institution:Home Bank (#28094) Federal Reserve ID: 574471 Date Established: January 01, 1926 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 3667 FDIC's unique #: 42395 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 03, 1935 Last Structure Change Effective Date: March 12, 2010 Last Structure Change Process Date: March 15, 2010 Last Data Update: March 15, 2010 Data Source Date: April 05, 2012
Location
Address: 2008 Ronald Reagan Highway, Covington, LA 70433 County: St. Tammany 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): New Orleans, LA (#5560) Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406) Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380) CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $243.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
65Total employees (full-time equivalent)
$243,215Total assets
$7,628Cash and due from depository institutions
$4,858Interest-bearing balances
$55,691Securities
$525Federal funds sold & reverse repurchase agreements
$151,371Net loans & leases
$5,381Loan loss allowance
$0Trading account assets
$11,171Bank premises and fixed assets
$3,394Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,435All other assets
$243,215Total liabilities and capital
$229,637Total liabilities
$207,821Total deposits
$193,652Interest-bearing deposits
$207,821Deposits held in domestic offices
98.48%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,000Other borrowed funds
$0Subordinated debt
$816All other liabilities
$13,578Total equity capital
$13,578Total bank equity capital
$13,578Perpetual preferred stock
$0Common stock
$0Surplus
$27,415Undivided profits
Memoranda
$-13,837Noncurrent loans and leases
$11,420Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,964Earning assets
$0Long-term assets (5+ years)
$961Average Assets, year-to-date
$212,445Average Assets, quarterly
$46,140Volatile liabilities
$259,947Insider loans
$248,572FHLB advances
$79,202Loans and leases held for sale
$5,263Unused loan commitments
$21,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$540Total risk weighted assets
$11,420Total unused commitments
$3,074Restructured Loans and leases
$3,052Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$14,512Total interest income
$6,106Total interest expense
$8,406Net interest income
$6,961Provision for loan and lease losses
$1,731Total noninterest income
$0Fiduciary activities
$714Service charges on deposit accounts
$0Trading account gains & fees
$1,017Additional noninterest income
$10,315Total noninterest expense
$3,954Salaries and employee benefits
$1,844Premises and equipment expense
$4,517Additional noninterest expense
-$7,139Pre-tax net operating income
-$7,679Securities gains (losses)
-$5,295Applicable income taxes
-$9,523Income before extraordinary items
$0Extraordinary gains - net
-$9,523Net income attributable to bank
$0Net charge-offs
-$9,523Cash dividends
$5,716Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.27%Yield on earning assets
2.64%Cost of funding earning assets
3.63%Net interest margin
0.75%Noninterest income to earning assets
4.45%Noninterest expense to earning assets
-1.77%Net operating income to assets
-3.66%Return on assets (ROA)
-5.70%Pretax return on assets
-52.63%Return on equity (ROE)
-52.63%Retained earnings to average equity (YTD only)
3.31%Net charge-offs to loans
121.78%Credit loss provision to net charge-offs
-0.03%Efficiency ratio
101,756Assets per employee
3.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.43%Loss allowance to noncurrent loans
33.71%Noncurrent assets plus other real estate owned to assets
7.96%Noncurrent loans to loans
10.18%Net loans and leases to deposits
72.84%Net loans and leases to core deposits
104.67%Equity capital to assets
5.58%Core capital (leverage) ratio
1.96%Tier 1 risk-based capital ratio
1.95%Total risk-based capital ratio
Memoranda
$3Average assets
$259,947Average earning assets
$18,094Average equity
$231,564Average loans
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