Washington State Bank in Washington, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Washington State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 42Total employees (full-time equivalent)
  • $125,867Total assets
  • $13,756Cash and due from depository institutions
  • $11,675Interest-bearing balances
  • $33,433Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,824Net loans & leases
  • $2,722Loan loss allowance
  • $0Trading account assets
  • $1,264Bank premises and fixed assets
  • $2,385Other real estate owned
  • $0Goodwill and other intangibles
  • $125,867Life insurance assets
  • $1,205All other assets
  • $111,585Total liabilities and capital
  • $109,934Total liabilities
  • $79,014Total deposits
  • $109,934Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,478Trading liabilities
  • $0Other borrowed funds
  • $173Subordinated debt
  • $14,282All other liabilities
  • $14,282Total equity capital
  • $14,282Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $11,700Surplus
  • $2,282Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,600Income earned, not collected on loans
  • $0Earning assets
  • $502Long-term assets (5+ years)
  • $118,932Average Assets, year-to-date
  • $22,340Average Assets, quarterly
  • $129,460Volatile liabilities
  • $126,522Insider loans
  • $87,644FHLB advances
  • $127,950Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,858Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,434Restructured Loans and leases
  • $203Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,967Total interest income
  • $936Total interest expense
  • $5,031Net interest income
  • $660Provision for loan and lease losses
  • $552Total noninterest income
  • $0Fiduciary activities
  • $338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $214Additional noninterest income
  • $3,657Total noninterest expense
  • $1,906Salaries and employee benefits
  • $592Premises and equipment expense
  • $1,159Additional noninterest expense
  • $1,266Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,266Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,266Net income attributable to bank
  • $0Net charge-offs
  • $1,266Cash dividends
  • $352Sale, conversion, retirement of capital stock, net
  • $330Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 9.16%Return on equity (ROE)
  • 6.77%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 187.50%Credit loss provision to net charge-offs
  • 5.47%Efficiency ratio
  • 65,502Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.07%Loss allowance to loans
  • 3.56%Loss allowance to noncurrent loans
  • 59.17%Noncurrent assets plus other real estate owned to assets
  • 5.55%Noncurrent loans to loans
  • 6.01%Net loans and leases to deposits
  • 67.15%Net loans and leases to core deposits
  • 71.11%Equity capital to assets
  • 11.35%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 15.81%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $129,460Average earning assets
  • $13,828Average equity
  • $122,524Average loans

List of branches

  • 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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