The Bank in Jennings, Louisiana (LA)



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The Bank
GeneralFDIC Certificate #: 34409
Status: Active
Federal Reserve ID: 2505460
Bank Holding Company (Regulatory Top Holder): Bancshares, Inc., The (RSSDID: 2504874, Location: Jennings, LA)
Date Established: Febuary 26, 1997
WWW: http://www.thebank-online.org
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 #: 57172
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: Febuary 26, 1997
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
LocationAddress: 1304 North Cutting Avenue, Jennings, LA 70546
County: Jefferson Davis
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): Lake Charles-Jennings, LA (#324)
Core Based Statistical Area (CBSA): Jennings, LA (#27660)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $155.7 mil
Equity capital: $16.1 mil
Deposits held in domestic offices: $136.2 mil
Return on assets (ROA): 1.48% ($2.3 mil)
Quarterly return on assets: 1.53% ($2.4 mil)
Return on Equity (ROE): 14.92% ($2.4 mil)
Quarterly return on equity: 14.98% ($2.4 mil)
Net income: $2.2 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.23% ($3,472.1 mil)
Quarterly Pretax return on assets: 2.31% ($3,596.6 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)
Total employees (full-time equivalent)46
Total assets$155,698
Cash and due from depository institutions$9,216
Interest-bearing balances$3,773
Securities$24,822
Federal funds sold & reverse repurchase agreements$9,200
Net loans & leases$103,673
Loan loss allowance $1,659
Trading account assets$0
Bank premises and fixed assets$5,392
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,395
Life insurance assets$155,698
Total liabilities and capital$139,584
Total liabilities$136,189
Total deposits$115,183
Interest-bearing deposits$136,189
Deposits held in domestic offices$89
% insured (estimated)1626.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,769
All other liabilities $16,114
Total equity capital$16,114
Total bank equity capital$16,114
Perpetual preferred stock$0
Common stock$500
Surplus$4,000
Undivided profits $11,614
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $131
Earning assets $0
Long-term assets (5+ years) $918
Average Assets, year-to-date $141,468
Average Assets, quarterly $1,105
Volatile liabilities $149,578
Insider loans $154,582
FHLB advances $105,376
Loans and leases held for sale $154,914
Unused loan commitments $2,009
Tier 1 (core) risk-based capital $2,009
Tier 2 risk-based capital $15,694
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,903
Derivatives$736
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,429
Total interest expense $1,368
Net interest income $7,061
Provision for loan and lease losses $263
Total noninterest income $1,489
Fiduciary activities $0
Service charges on deposit accounts $658
Trading account gains & fees $0
Additional noninterest income $831
Total noninterest expense $4,994
Salaries and employee benefits $2,569
Premises and equipment expense $678
Additional noninterest expense $1,747
Pre-tax net operating income $3,293
Securities gains (losses) $37
Applicable income taxes $1,115
Income before extraordinary items $2,215
Extraordinary gains - net $0
Net income attributable to bank $2,215
Net charge-offs $0
Cash dividends $2,215
Sale, conversion, retirement of capital stock, net -$32
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.17%
Cost of funding earning assets 1.00%
Net interest margin 5.17%
Noninterest income to earning assets 1.09%
Noninterest expense to earning assets 3.66%
Net operating income to assets 1.46%
Return on assets (ROA) 1.48%
Pretax return on assets 2.23%
Return on equity (ROE) 14.92%
Retained earnings to average equity (YTD only) 14.92%
Net charge-offs to loans -0.03%
Credit loss provision to net charge-offs -821.88%
Efficiency ratio0.00%
Assets per employee$58,409
Cash dividends to net income (YTD only)3.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.58%
Noncurrent assets plus other real estate owned to assets 1266.41%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.12%
Net loans and leases to core deposits 76.12%
Equity capital to assets 79.47%
Core capital (leverage) ratio 10.35%
Tier 1 risk-based capital ratio 10.13%
Total risk-based capital ratio 14.89%
Memoranda
Average assets$16
Average earning assets$149,578
Average equity $14,844
Average loans $136,560
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5 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057172The Bank1304 North Cutting Avenue, Jennings, LA 70546Febuary 26, 1997Full Service Brick and Mortar
2290616Iowa Office114 North Thomson Avenue, Iowa, LA 70647Febuary 26, 1997Full Service Brick and Mortar
3334470Jennings Motor Branch1304 N. Cutting Avenue, Jennings, LA 70546May 01, 2000Limited Service Facility
4457252Iota Branch413 St. Joseph Avenue, Iota, LA 70543December 13, 2006Full Service Brick and Mortar
5526382Lake Arthur Branch800 North Highway 26, Lake Arthur, LA 70549October 11, 2011Full Service Brick and Mortar
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