Union Savings and Loan Association in New Orleans, Louisiana (LA)



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Union Savings and Loan Association
GeneralFDIC Certificate #: 27752
Status: Active
Federal Reserve ID: 872579
Date Established: January 01, 1886
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 221
FDIC's unique #: 40586
Numeric code: 36
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: January 16, 1936
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 353 Carondelet St, New Orleans, LA 70130
County: Orleans
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): New Orleans, LA (#5560)
Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380)
CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $90.5 mil
Equity capital: $30.6 mil
Deposits held in domestic offices: $59.8 mil
Return on assets (ROA): 0.51% ($0.5 mil)
Quarterly return on assets: 0.41% ($0.4 mil)
Return on Equity (ROE): 1.47% ($0.5 mil)
Quarterly return on equity: 1.22% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.81% ($733.4 mil)
Quarterly Pretax return on assets: 0.65% ($588.5 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)10
Total assets$90,539
Cash and due from depository institutions$1,859
Interest-bearing balances$900
Securities$49,048
Federal funds sold & reverse repurchase agreements$3,100
Net loans & leases$34,707
Loan loss allowance $243
Trading account assets$0
Bank premises and fixed assets$219
Other real estate owned$32
Goodwill and other intangibles$0
All other assets$1,574
Life insurance assets$90,539
Total liabilities and capital$59,892
Total liabilities$59,803
Total deposits$59,803
Interest-bearing deposits$59,803
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $89
All other liabilities $30,647
Total equity capital$30,647
Total bank equity capital$30,647
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $30,647
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 $83
Earning assets $0
Long-term assets (5+ years) $288
Average Assets, year-to-date $87,755
Average Assets, quarterly $0
Volatile liabilities $88,298
Insider loans $90,049
FHLB advances $29,322
Loans and leases held for sale $90,539
Unused loan commitments $853
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $30,647
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,422
Total interest expense $1,045
Net interest income $2,377
Provision for loan and lease losses $0
Total noninterest income -$32
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income -$32
Total noninterest expense $1,629
Salaries and employee benefits $1,250
Premises and equipment expense $192
Additional noninterest expense $187
Pre-tax net operating income $716
Securities gains (losses) $0
Applicable income taxes $270
Income before extraordinary items $446
Extraordinary gains - net $0
Net income attributable to bank $446
Net charge-offs $0
Cash dividends $446
Sale, conversion, retirement of capital stock, net $0
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 assets4.01%
Cost of funding earning assets 1.22%
Net interest margin 2.78%
Noninterest income to earning assets -0.04%
Noninterest expense to earning assets 1.91%
Net operating income to assets 0.51%
Return on assets (ROA) 0.51%
Pretax return on assets 0.81%
Return on equity (ROE) 1.47%
Retained earnings to average equity (YTD only) 1.47%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$69,467
Cash dividends to net income (YTD only)9.05%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.70%
Noncurrent assets plus other real estate owned to assets 292.77%
Noncurrent loans to loans 0.13%
Net loans and leases to deposits0.24%
Net loans and leases to core deposits 58.04%
Equity capital to assets 61.52%
Core capital (leverage) ratio 33.85%
Tier 1 risk-based capital ratio 33.85%
Total risk-based capital ratio 104.52%
Memoranda
Average assets$105
Average earning assets$88,298
Average equity $30,442
Average loans $85,391
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2 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
040586Union Savings And Loan Association353 Carondelet St, New Orleans, LA 70130January 01, 1886Full Service Brick and Mortar
12632985620 Veterans Memorial Blvd Branch5620 Veterans Boulevard, Metairie, LA 70003January 01, 1886Full Service Brick and Mortar
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