Synergy Bank in Houma, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Synergy Bank - Overview

  • General
  • FDIC Certificate #: 34978
    Status: Active
    Federal Reserve ID: 2748502
    Bank Holding Company (Regulatory Top Holder): Synergy Bancshares, Inc. (RSSDID: 2748490, Location: Houma, LA)
    Date Established: March 10, 1999
    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 #: 62152
    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: Commercial Lending Specialization
    Date of Deposit Insurance: March 10, 1999
    Last Structure Change Effective Date: September 27, 2006
    Last Structure Change Process Date: October 11, 2006
    Last Data Update: October 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 Synergy Center Blvd, Houma, LA 70360
    County: Terrebonne
    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
  • Financial Summary
  • Total assets: $347.0 mil
    Equity capital: $31.6 mil
    Deposits held in domestic offices: $314.6 mil
    Return on assets (ROA): 1.15% ($4.0 mil)
    Quarterly return on assets: 1.09% ($3.8 mil)
    Return on Equity (ROE): 13.07% ($4.2 mil)
    Quarterly return on equity: 12.03% ($3.8 mil)
    Net income: $3.9 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.75% ($6,073.0 mil)
    Quarterly Pretax return on assets: 1.66% ($5,760.6 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
  • 93Total employees (full-time equivalent)
  • $347,027Total assets
  • $43,547Cash and due from depository institutions
  • $37,619Interest-bearing balances
  • $44,894Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $242,468Net loans & leases
  • $5,174Loan loss allowance
  • $0Trading account assets
  • $12,239Bank premises and fixed assets
  • $115Other real estate owned
  • $0Goodwill and other intangibles
  • $347,027Life insurance assets
  • $3,264All other assets
  • $315,443Total liabilities and capital
  • $314,553Total liabilities
  • $259,581Total deposits
  • $314,553Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $890Subordinated debt
  • $31,584All other liabilities
  • $31,584Total equity capital
  • $31,584Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $7,668Surplus
  • $22,916Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,472Income earned, not collected on loans
  • $256Earning assets
  • $1,000Long-term assets (5+ years)
  • $325,481Average Assets, year-to-date
  • $2,590Average Assets, quarterly
  • $339,282Volatile liabilities
  • $346,276Insider loans
  • $235,908FHLB advances
  • $346,833Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,540Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $48,426Restructured Loans and leases
  • $19,958Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,834Total interest income
  • $3,529Total interest expense
  • $12,305Net interest income
  • $757Provision for loan and lease losses
  • $2,611Total noninterest income
  • $0Fiduciary activities
  • $1,171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,440Additional noninterest income
  • $8,236Total noninterest expense
  • $4,566Salaries and employee benefits
  • $960Premises and equipment expense
  • $2,710Additional noninterest expense
  • $5,923Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,014Applicable income taxes
  • $3,909Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,909Net income attributable to bank
  • $0Net charge-offs
  • $3,909Cash dividends
  • $350Sale, conversion, retirement of capital stock, net
  • $419Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 13.07%Return on equity (ROE)
  • 11.67%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 216.29%Credit loss provision to net charge-offs
  • 19.09%Efficiency ratio
  • 55,216Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.72%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 209.30%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 77.08%Net loans and leases to core deposits
  • 86.88%Equity capital to assets
  • 9.10%Core capital (leverage) ratio
  • 9.09%Tier 1 risk-based capital ratio
  • 13.37%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $339,282Average earning assets
  • $29,912Average equity
  • $318,339Average loans

List of branches

  • 5 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062152Synergy Bank210 Synergy Center Blvd, Houma, LA 70360March 10, 1999Full Service Brick and Mortar
    1362874East Houma Office919 Grand Caillou Road, Houma, LA 70363January 02, 2002Full Service Brick and Mortar
    2465579Tunnel Office Branch1036 West Tunnel Boulevard, Houma, LA 70360March 10, 1999Full Service Brick and Mortar
    3492947Gray Office Branch3855 West Park Avenue, Gray, LA 70359December 23, 2008Full Service Brick and Mortar
    4522273Thibodaux Office209 East Bayou Road, Thibodaux, LA 70301September 08, 2011Full Service Brick and Mortar

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