The Vernon Bank in Leesville, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Vernon Bank - Overview

  • General
  • FDIC Certificate #: 10526
    Status: Active
    Federal Reserve ID: 258632
    Bank Holding Company (Regulatory Top Holder): Vernon Bancshares, Inc. (RSSDID: 1138094, Location: Leesville, LA)
    Date Established: September 05, 1933
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6741
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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
  • Location
  • Address: Mechanic Street And Highway 171 North, Leesville, LA 71446
    County: Vernon
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Shreveport
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Fort Polk South-DeRidder, LA (#256)
    Core Based Statistical Area (CBSA): Fort Polk South, LA (#22860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $70.7 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $60.7 mil
    Return on assets (ROA): 1.07% ($0.8 mil)
    Quarterly return on assets: 1.41% ($1.0 mil)
    Return on Equity (ROE): 12.38% ($0.7 mil)
    Quarterly return on equity: 15.69% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.07% ($756.1 mil)
    Quarterly Pretax return on assets: 1.41% ($996.4 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
  • 25Total employees (full-time equivalent)
  • $70,668Total assets
  • $3,367Cash and due from depository institutions
  • $1,147Interest-bearing balances
  • $10,675Securities
  • $6,250Federal funds sold & reverse repurchase agreements
  • $46,717Net loans & leases
  • $609Loan loss allowance
  • $0Trading account assets
  • $2,506Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $70,668Life insurance assets
  • $1,103All other assets
  • $64,294Total liabilities and capital
  • $60,693Total liabilities
  • $34,222Total deposits
  • $60,693Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $6,374All other liabilities
  • $6,374Total equity capital
  • $6,374Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,050Surplus
  • $3,124Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38Income earned, not collected on loans
  • $0Earning assets
  • $269Long-term assets (5+ years)
  • $64,789Average Assets, year-to-date
  • $8,598Average Assets, quarterly
  • $69,526Volatile liabilities
  • $70,784Insider loans
  • $44,809FHLB advances
  • $71,540Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,120Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,087Restructured Loans and leases
  • $546Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,596Total interest income
  • $403Total interest expense
  • $3,193Net interest income
  • $501Provision for loan and lease losses
  • $776Total noninterest income
  • $0Fiduciary activities
  • $531Service charges on deposit accounts
  • $0Trading account gains & fees
  • $245Additional noninterest income
  • $2,723Total noninterest expense
  • $1,352Salaries and employee benefits
  • $331Premises and equipment expense
  • $1,040Additional noninterest expense
  • $745Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $745Income before extraordinary items
  • $0Extraordinary gains - net
  • $745Net income attributable to bank
  • $0Net charge-offs
  • $745Cash dividends
  • $388Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 4.99%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 12.38%Return on equity (ROE)
  • 7.40%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 129.12%Credit loss provision to net charge-offs
  • 3.21%Efficiency ratio
  • 68,607Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.27%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 1602.63%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 76.97%Net loans and leases to core deposits
  • 85.35%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 13.66%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $69,526Average earning assets
  • $6,017Average equity
  • $64,046Average loans

List of branches

  • 2 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06741The Vernon BankMechanic Street And Highway 171 North, Leesville, LA 71446September 05, 1933Full Service Brick and Mortar
    4506054New Llano Branch3002 Colony Boulevard, Newllano, LA 71461October 28, 2009Full Service Brick and Mortar

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