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

This bank is inactive as of August 01, 1995

  • Sugarland State Bank in Jeanerette, Louisiana (LA)
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Sugarland State Bank - Overview

  • General
  • FDIC Certificate #: 19703
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidSouth Bank, National Association (#25884)
    Federal Reserve ID: 621535
    Date Established: May 27, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 13502
    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: May 27, 1967
    Last Structure Change Effective Date: August 01, 1995
    Last Structure Change Process Date: August 21, 1995
    Last Data Update: August 21, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1527 West Main Street, Jeanerette, LA 70544
    County: Iberia
    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
    Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
    Core Based Statistical Area (CBSA): New Iberia, LA (#35340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $17.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $15Total assets
  • $17,469Cash and due from depository institutions
  • $2,311Interest-bearing balances
  • $0Securities
  • $3,945Federal funds sold & reverse repurchase agreements
  • $2,075Net loans & leases
  • $8,226Loan loss allowance
  • $134Trading account assets
  • $0Bank premises and fixed assets
  • $557Other real estate owned
  • $60Goodwill and other intangibles
  • $295Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $17,469Total liabilities
  • $15,362Total deposits
  • $15,321Interest-bearing deposits
  • $10,498Deposits held in domestic offices
  • 15321.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $41Total equity capital
  • $41Total bank equity capital
  • $2,107Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $750Undivided profits
  • Memoranda
  • $1,107Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42Income earned, not collected on loans
  • $156Earning assets
  • $14,246Long-term assets (5+ years)
  • $2,672Average Assets, year-to-date
  • $17,718Average Assets, quarterly
  • $17,069Volatile liabilities
  • $501Insider loans
  • $1,388FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,565Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,265Total risk weighted assets
  • $10,910Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,219Total interest expense
  • $366Net interest income
  • $853Provision for loan and lease losses
  • $0Total noninterest income
  • $179Fiduciary activities
  • $0Service charges on deposit accounts
  • $154Trading account gains & fees
  • $0Additional noninterest income
  • $25Total noninterest expense
  • $811Salaries and employee benefits
  • $436Premises and equipment expense
  • $149Additional noninterest expense
  • $226Pre-tax net operating income
  • $221Securities gains (losses)
  • $0Applicable income taxes
  • $55Income before extraordinary items
  • $166Extraordinary gains - net
  • $0Net income attributable to bank
  • $166Net charge-offs
  • $11Cash dividends
  • $64Sale, 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
  • 8.32%Cost of funding earning assets
  • 2.50%Net interest margin
  • 5.82%Noninterest income to earning assets
  • 1.22%Noninterest expense to earning assets
  • 5.54%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 1.25%Return on equity (ROE)
  • 7.66%Retained earnings to average equity (YTD only)
  • 4.70%Net charge-offs to loans
  • 0.13%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,585Assets per employee
  • 1.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.55%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 319.05%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 53.69%Net loans and leases to core deposits
  • 55.51%Equity capital to assets
  • 12.06%Core capital (leverage) ratio
  • 13.43%Tier 1 risk-based capital ratio
  • 20.76%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $17,718Average earning assets
  • $2,168Average equity
  • $14,649Average loans

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