Teche Federal Bank in New Iberia, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Teche Federal Bank in New Iberia, Louisiana (LA)
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Teche Federal Bank - Overview

  • General
  • FDIC Certificate #: 29028
    Status: Active
    Federal Reserve ID: 886174
    Bank Holding Company (Regulatory Top Holder): Teche Holding Company (RSSDID: 3841772, Location: New Iberia, LA)
    Date Established: November 26, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Domestic: 19, Interstate: No)
    OTS Docket #: 2794
    FDIC's unique #: 41862
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: November 26, 1934
    Last Structure Change Effective Date: June 22, 2011
    Last Structure Change Process Date: August 02, 2011
    Last Data Update: August 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1120 Jefferson Terrace Boulevard, New Iberia, LA 70560
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $810.9 mil
    Equity capital: $74.0 mil
    Deposits held in domestic offices: $605.0 mil
    Return on assets (ROA): 0.96% ($7.8 mil)
    Quarterly return on assets: 0.94% ($7.6 mil)
    Return on Equity (ROE): 10.48% ($7.8 mil)
    Quarterly return on equity: 10.18% ($7.5 mil)
    Net income: $7.5 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.43% ($11,596.1 mil)
    Quarterly Pretax return on assets: 1.41% ($11,434.0 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
  • 286Total employees (full-time equivalent)
  • $810,919Total assets
  • $74,736Cash and due from depository institutions
  • $64,596Interest-bearing balances
  • $53,470Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $624,613Net loans & leases
  • $8,392Loan loss allowance
  • $0Trading account assets
  • $25,625Bank premises and fixed assets
  • $1,038Other real estate owned
  • $3,908Goodwill and other intangibles
  • $810,919Life insurance assets
  • $27,529All other assets
  • $736,926Total liabilities and capital
  • $605,044Total liabilities
  • $520,001Total deposits
  • $605,044Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $127,621Trading liabilities
  • $0Other borrowed funds
  • $4,261Subordinated debt
  • $73,993All other liabilities
  • $73,993Total equity capital
  • $73,993Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $38,410Surplus
  • $35,582Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,383Income earned, not collected on loans
  • $394Earning assets
  • $2,427Long-term assets (5+ years)
  • $742,679Average Assets, year-to-date
  • $358,387Average Assets, quarterly
  • $783,747Volatile liabilities
  • $800,546Insider loans
  • $540,351FHLB advances
  • $795,282Loans and leases held for sale
  • $14,056Unused loan commitments
  • $14,056Tier 1 (core) risk-based capital
  • $69,281Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,007Restructured Loans and leases
  • $627Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,104Total interest income
  • $8,717Total interest expense
  • $30,387Net interest income
  • $3,100Provision for loan and lease losses
  • $14,999Total noninterest income
  • $0Fiduciary activities
  • $9,986Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,013Additional noninterest income
  • $30,816Total noninterest expense
  • $16,621Salaries and employee benefits
  • $4,542Premises and equipment expense
  • $9,653Additional noninterest expense
  • $11,470Pre-tax net operating income
  • -$286Securities gains (losses)
  • $3,665Applicable income taxes
  • $7,519Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,519Net income attributable to bank
  • $0Net charge-offs
  • $7,519Cash dividends
  • $1,754Sale, conversion, retirement of capital stock, net
  • $4,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.25%Net interest margin
  • 2.10%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 10.48%Return on equity (ROE)
  • 4.56%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 176.74%Credit loss provision to net charge-offs
  • 8.31%Efficiency ratio
  • 67,865Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.52%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 73.72%Noncurrent assets plus other real estate owned to assets
  • 1.53%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 103.23%Net loans and leases to core deposits
  • 105.07%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 12.82%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $783,747Average earning assets
  • $71,727Average equity
  • $715,784Average loans

List of branches

  • 19 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041862Teche Federal Bank1120 Jefferson Terrace Boulevard, New Iberia, LA 70560November 26, 1934Full Service Brick and Mortar
    12724631001 Seventh St. Branch1001 Seventh Street, Morgan City, LA 70380November 26, 1934Full Service Brick and Mortar
    100272464Bayou Vista Branch206 Arlington Street, Morgan City, LA 70380November 26, 1934Full Service Brick and Mortar
    101272465North Lewis Street Branch529 N. Lewis Street, New Iberia, LA 70562November 26, 1934Full Service Brick and Mortar
    1022724661001 Johnston Street Branch1001 Johnston Street, Lafayette, LA 70501November 26, 1934Full Service Brick and Mortar
    10346271First Federal Branch601 East Bridge Street, Breaux Bridge, LA 70517May 11, 1990Full Service Brick and Mortar
    10440530Community Homestead Branch706 Barrow Street, Houma, LA 70360January 01, 1922Full Service Brick and Mortar
    105272467West Pinhook Road Branch2200 West Pinhook Road, Lafayette, LA 70508July 19, 1994Full Service Brick and Mortar
    106272468West Saint Peter Street Branch142 West Saint Peter Street, New Iberia, LA 70560June 30, 1996Full Service Brick and Mortar
    107364319Willow Street Branch211 Willow Street, Franklin, LA 70538April 23, 2001Full Service Brick and Mortar
    10843790First Federal Savings Branch428 East Landry Street, Opelousas, LA 70570June 01, 1957Full Service Brick and Mortar
    109441810O'neal Lane Branch2171 O'neal Lane, Baton Rouge, LA 70816Febuary 09, 2004Full Service Brick and Mortar
    1104418113400 Sherwood Forest Boulevard3524 Sherwood Forest Boulevard, Baton Rouge, LA 70816November 24, 2003Full Service Brick and Mortar
    111464463East Laurel Street Branch840 East Laurel Street, Eunice, LA 70535July 02, 2004Full Service Brick and Mortar
    113464466Prospect Street Branch912 Grand Caillou Rd, Houma, LA 70363August 24, 1998Full Service Brick and Mortar
    115464468Johnston Street Branch5121 Johnston Street, Lafayette, LA 70503April 01, 1999Full Service Brick and Mortar
    116464481Canal Blvd Branch921 Canal Blvd., Thibodaux, LA 70301August 24, 1998Full Service Brick and Mortar
    117495180Old Hammond Highway Branch9830 Old Hammond Hwy, Baton Rouge, LA 70816June 06, 2007Full Service Brick and Mortar
    118522301Franklin Drive Thru Branch1823 Main Street, Franklin, LA 70538June 22, 2011Limited Service Facility

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