Washington Bank and Trust Company in Franklinton, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1995

Washington Bank and Trust Company in Franklinton, Louisiana (LA)
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Washington Bank and Trust Company - Overview

General
FDIC Certificate #: 315
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney Bank (#33029)
Federal Reserve ID: 668035
Date Established: January 01, 1914
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 253
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 01, 1995
Last Structure Change Process Date: April 06, 1995
Last Data Update: April 06, 1995
Data Source Date: April 05, 2012
Location
Address: 946 Pearl Street, Franklinton, LA 70438
County: Washington
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): New Orleans-Metairie-Bogalusa, LA (#406)
Core Based Statistical Area (CBSA): Bogalusa, LA (#14220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $86.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$70Total assets
$86,320Cash and due from depository institutions
$5,732Interest-bearing balances
$100Securities
$14,547Federal funds sold & reverse repurchase agreements
$21,300Net loans & leases
$43,204Loan loss allowance
$1,174Trading account assets
$0Bank premises and fixed assets
$714Other real estate owned
$193Goodwill and other intangibles
$630Life insurance assets
$0All other assets
$0Total liabilities and capital
$86,320Total liabilities
$73,812Total deposits
$73,647Interest-bearing deposits
$55,449Deposits held in domestic offices
73647.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$165Total equity capital
$165Total bank equity capital
$12,508Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,600Undivided profits
Memoranda
$8,908Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$147Income earned, not collected on loans
$203Earning assets
$79,151Long-term assets (5+ years)
$229Average Assets, year-to-date
$86,698Average Assets, quarterly
$87,294Volatile liabilities
$3,946Insider loans
$1,298FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,508Total risk weighted assets
$49,563Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,885Total interest expense
$1,626Net interest income
$4,259Provision for loan and lease losses
$120Total noninterest income
$1,105Fiduciary activities
$0Service charges on deposit accounts
$841Trading account gains & fees
$0Additional noninterest income
$264Total noninterest expense
$3,278Salaries and employee benefits
$1,783Premises and equipment expense
$384Additional noninterest expense
$1,111Pre-tax net operating income
$1,966Securities gains (losses)
$0Applicable income taxes
$626Income before extraordinary items
$1,340Extraordinary gains - net
$0Net income attributable to bank
$1,340Net charge-offs
$34Cash dividends
$243Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.38%Cost of funding earning assets
2.04%Net interest margin
5.34%Noninterest income to earning assets
1.39%Noninterest expense to earning assets
4.11%Net operating income to assets
1.55%Return on assets (ROA)
1.55%Pretax return on assets
2.27%Return on equity (ROE)
11.22%Retained earnings to average equity (YTD only)
9.19%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
352.94%Efficiency ratio
61,111Assets per employee
1.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.13%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
798.64%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.33%Net loans and leases to deposits
58.66%Net loans and leases to core deposits
61.98%Equity capital to assets
14.49%Core capital (leverage) ratio
13.46%Tier 1 risk-based capital ratio
25.24%Total risk-based capital ratio
Memoranda
$27Average assets
$86,698Average earning assets
$11,943Average equity
$79,754Average loans

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