Vermilion Bank & Trust Company in Kaplan, Louisiana (LA)



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Vermilion Bank & Trust Company routing number info

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Vermilion Bank & Trust Company
GeneralFDIC Certificate #: 17841
Status: Active
Federal Reserve ID: 754536
Bank Holding Company (Regulatory Top Holder): Vermilion Bancshares Corporation (RSSDID: 1141898, Location: Kaplan, LA)
Date Established: March 08, 1958
WWW: http://www.vermilionbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 11572
FDIC's unique #: 11783
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: March 08, 1958
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: 420 N Cushing Ave, Kaplan, LA 70548
County: Vermilion
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): Abbeville, LA (#10020)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $121.3 mil
Equity capital: $9.3 mil
Deposits held in domestic offices: $110.4 mil
Return on assets (ROA): 1.50% ($1.8 mil)
Quarterly return on assets: 1.44% ($1.7 mil)
Return on Equity (ROE): 17.62% ($1.6 mil)
Quarterly return on equity: 17.09% ($1.5 mil)
Net income: $1.6 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.50% ($1,820.0 mil)
Quarterly Pretax return on assets: 1.44% ($1,747.2 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)31
Total assets$121,336
Cash and due from depository institutions$20,284
Interest-bearing balances$13,180
Securities$41,965
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$56,683
Loan loss allowance $710
Trading account assets$0
Bank premises and fixed assets$418
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,986
Life insurance assets$121,336
Total liabilities and capital$112,061
Total liabilities$110,438
Total deposits$91,129
Interest-bearing deposits$110,438
Deposits held in domestic offices$77
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$537
Other borrowed funds $0
Subordinated debt $1,086
All other liabilities $9,275
Total equity capital$9,275
Total bank equity capital$9,275
Perpetual preferred stock$0
Common stock$200
Surplus$3,900
Undivided profits $5,175
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 $680
Earning assets $0
Long-term assets (5+ years) $429
Average Assets, year-to-date $111,828
Average Assets, quarterly $10,958
Volatile liabilities $105,659
Insider loans $110,509
FHLB advances $62,975
Loans and leases held for sale $103,975
Unused loan commitments $792
Tier 1 (core) risk-based capital $792
Tier 2 risk-based capital $8,946
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,995
Derivatives$94
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,377
Total interest expense $478
Net interest income $3,899
Provision for loan and lease losses $2
Total noninterest income $873
Fiduciary activities $0
Service charges on deposit accounts $577
Trading account gains & fees $0
Additional noninterest income $296
Total noninterest expense $3,181
Salaries and employee benefits $1,708
Premises and equipment expense $266
Additional noninterest expense $1,207
Pre-tax net operating income $1,589
Securities gains (losses) -$1
Applicable income taxes $0
Income before extraordinary items $1,588
Extraordinary gains - net $0
Net income attributable to bank $1,588
Net charge-offs $0
Cash dividends $1,588
Sale, conversion, retirement of capital stock, net $78
Net operating income $1,240
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.36%
Cost of funding earning assets 0.48%
Net interest margin 3.88%
Noninterest income to earning assets 0.87%
Noninterest expense to earning assets 3.17%
Net operating income to assets 1.50%
Return on assets (ROA) 1.50%
Pretax return on assets 1.50%
Return on equity (ROE) 17.62%
Retained earnings to average equity (YTD only) 3.86%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 2.56%
Efficiency ratio20.40%
Assets per employee$66,660
Cash dividends to net income (YTD only)3.91%
Condition Ratios (%)
Loss allowance to loans 78.09%
Loss allowance to noncurrent loans 1.24%
Noncurrent assets plus other real estate owned to assets 104.41%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits1.18%
Net loans and leases to core deposits 51.33%
Equity capital to assets 56.07%
Core capital (leverage) ratio 7.64%
Tier 1 risk-based capital ratio 8.60%
Total risk-based capital ratio 14.21%
Memoranda
Average assets$15
Average earning assets$105,659
Average equity $9,015
Average loans $100,415
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3 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011783Vermilion Bank & Trust Company420 N Cushing Ave, Kaplan, LA 70548March 08, 1958Full Service Brick and Mortar
1242939Gueydan Branch211 Main Street, Gueydan, LA 70542September 15, 1980Full Service Brick and Mortar
2242940West-End BranchWest Highway 14 And Trahan Avenue, Kaplan, LA 70548Febuary 10, 1986Full Service Brick and Mortar
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