Washington State Bank in Washington, Louisiana (LA)



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Washington State Bank
GeneralFDIC Certificate #: 9326
Status: Active
Federal Reserve ID: 311939
Bank Holding Company (Regulatory Top Holder): Washington State Bancshares, Inc. (RSSDID: 1086627, Location: Washington, LA)
Date Established: April 10, 1893
WWW: http://www.washingtonstatebankla.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 12422
FDIC's unique #: 5980
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: Commercial Lending Specialization
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
LocationAddress: 103 North Main Street, Washington, LA 70589
County: St. Landry
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): Lafayette, LA (#3880)
Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
Core Based Statistical Area (CBSA): Opelousas-Eunice, LA (#36660)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $125.9 mil
Equity capital: $14.3 mil
Deposits held in domestic offices: $109.9 mil
Return on assets (ROA): 0.98% ($1.2 mil)
Quarterly return on assets: 0.87% ($1.1 mil)
Return on Equity (ROE): 9.16% ($1.3 mil)
Quarterly return on equity: 7.71% ($1.1 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.98% ($1,233.5 mil)
Quarterly Pretax return on assets: 0.87% ($1,095.0 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)42
Total assets$125,867
Cash and due from depository institutions$13,756
Interest-bearing balances$11,675
Securities$33,433
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$73,824
Loan loss allowance $2,722
Trading account assets$0
Bank premises and fixed assets$1,264
Other real estate owned$2,385
Goodwill and other intangibles$0
All other assets$1,205
Life insurance assets$125,867
Total liabilities and capital$111,585
Total liabilities$109,934
Total deposits$79,014
Interest-bearing deposits$109,934
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,478
Other borrowed funds $0
Subordinated debt $173
All other liabilities $14,282
Total equity capital$14,282
Total bank equity capital$14,282
Perpetual preferred stock$0
Common stock$300
Surplus$11,700
Undivided profits $2,282
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 $4,600
Earning assets $0
Long-term assets (5+ years) $502
Average Assets, year-to-date $118,932
Average Assets, quarterly $22,340
Volatile liabilities $129,460
Insider loans $126,522
FHLB advances $87,644
Loans and leases held for sale $127,950
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,858
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,434
Derivatives$203
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,967
Total interest expense $936
Net interest income $5,031
Provision for loan and lease losses $660
Total noninterest income $552
Fiduciary activities $0
Service charges on deposit accounts $338
Trading account gains & fees $0
Additional noninterest income $214
Total noninterest expense $3,657
Salaries and employee benefits $1,906
Premises and equipment expense $592
Additional noninterest expense $1,159
Pre-tax net operating income $1,266
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,266
Extraordinary gains - net $0
Net income attributable to bank $1,266
Net charge-offs $0
Cash dividends $1,266
Sale, conversion, retirement of capital stock, net $352
Net operating income $330
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.87%
Cost of funding earning assets 0.76%
Net interest margin 4.11%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 2.98%
Net operating income to assets 0.98%
Return on assets (ROA) 0.98%
Pretax return on assets 0.98%
Return on equity (ROE) 9.16%
Retained earnings to average equity (YTD only) 6.77%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 187.50%
Efficiency ratio5.47%
Assets per employee$65,502
Cash dividends to net income (YTD only)3.00%
Condition Ratios (%)
Loss allowance to loans 26.07%
Loss allowance to noncurrent loans 3.56%
Noncurrent assets plus other real estate owned to assets 59.17%
Noncurrent loans to loans 5.55%
Net loans and leases to deposits6.01%
Net loans and leases to core deposits 67.15%
Equity capital to assets 71.11%
Core capital (leverage) ratio 11.35%
Tier 1 risk-based capital ratio 10.83%
Total risk-based capital ratio 15.81%
Memoranda
Average assets$17
Average earning assets$129,460
Average equity $13,828
Average loans $122,524
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5 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05980Washington State Bank103 North Main Street, Washington, LA 70589April 10, 1893Full Service Brick and Mortar
1219913Arnaudville Branch238 Union Street, Arnaudville, LA 70512August 19, 1937Full Service Brick and Mortar
3219915Palmetto Branch105 West Railroad, Palmetto, LA 71358September 07, 1978Limited Service Facility
4219916Leonville Branch3371 Oscar Rivette Street, Leonville, LA 70551June 28, 1993Limited Service Facility
544812Opelousas Branch1810 South Union Street, Opelousas, LA 70570July 19, 1979Full Service Brick and Mortar
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