Whitney National Bank in New Orleans, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 06, 2011

  • Whitney National Bank in New Orleans, Louisiana (LA)
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Whitney National Bank - Overview

  • General
  • FDIC Certificate #: 18538
    Status: Inactive
    Acquiring institution: Whitney Bank (#33029)
    Federal Reserve ID: 873138
    Date Established: October 26, 1883
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 172 (Interstate: No)
    FDIC's unique #: 12428
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 06, 2011
    Last Structure Change Process Date: June 14, 2011
    Last Data Update: June 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 228 St. Charles Avenue, New Orleans, LA 70161
    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 Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $11,477.6 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, 2010)

  • Dollar figures in thousands
  • 2,672Total employees (full-time equivalent)
  • $11,780,660Total assets
  • $636,760Cash and due from depository institutions
  • $426,392Interest-bearing balances
  • $2,564,526Securities
  • $19,000Federal funds sold & reverse repurchase agreements
  • $7,213,103Net loans & leases
  • $216,590Loan loss allowance
  • $3,718Trading account assets
  • $232,475Bank premises and fixed assets
  • $87,696Other real estate owned
  • $444,600Goodwill and other intangibles
  • $180,329Life insurance assets
  • $578,782All other assets
  • $11,780,660Total liabilities and capital
  • $10,298,955Total liabilities
  • $9,406,321Total deposits
  • $5,879,402Interest-bearing deposits
  • $9,218,195Deposits held in domestic offices
  • 65.49%% insured (estimated)
  • $537,292Federal funds purchased & repurchase agreements
  • $3,794Trading liabilities
  • $112,949Other borrowed funds
  • $149,836Subordinated debt
  • $88,763All other liabilities
  • $1,481,705Total equity capital
  • $1,481,705Total bank equity capital
  • $1,481,705Perpetual preferred stock
  • $0Common stock
  • $3,358Surplus
  • $1,390,084Undivided profits
  • Memoranda
  • $88,263Noncurrent loans and leases
  • $3,230,470Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $312,336Earning assets
  • $1,619Long-term assets (5+ years)
  • $29,026Average Assets, year-to-date
  • $10,223,021Average Assets, quarterly
  • $2,747,830Volatile liabilities
  • $11,624,504Insider loans
  • $11,640,059FHLB advances
  • $1,664,814Loans and leases held for sale
  • $144,639Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $307,291Tier 2 risk-based capital
  • $198,351Total risk weighted assets
  • $3,230,470Total unused commitments
  • $0Restructured Loans and leases
  • $261,711Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $472,841Total interest income
  • $52,018Total interest expense
  • $420,823Net interest income
  • $315,370Provision for loan and lease losses
  • $97,665Total noninterest income
  • $11,868Fiduciary activities
  • $33,734Service charges on deposit accounts
  • $1,863Trading account gains & fees
  • $50,200Additional noninterest income
  • $431,714Total noninterest expense
  • $201,935Salaries and employee benefits
  • $68,287Premises and equipment expense
  • $161,492Additional noninterest expense
  • -$228,596Pre-tax net operating income
  • $0Securities gains (losses)
  • -$93,277Applicable income taxes
  • -$135,319Income before extraordinary items
  • $0Extraordinary gains - net
  • -$135,319Net income attributable to bank
  • $0Net charge-offs
  • -$135,319Cash dividends
  • $322,317Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • -1.16%Net operating income to assets
  • -1.16%Return on assets (ROA)
  • -1.97%Pretax return on assets
  • -9.28%Return on equity (ROE)
  • -9.28%Retained earnings to average equity (YTD only)
  • 4.06%Net charge-offs to loans
  • 97.84%Credit loss provision to net charge-offs
  • 0.27%Efficiency ratio
  • 82,262Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.92%Loss allowance to noncurrent loans
  • 69.35%Noncurrent assets plus other real estate owned to assets
  • 3.40%Noncurrent loans to loans
  • 4.20%Net loans and leases to deposits
  • 76.68%Net loans and leases to core deposits
  • 86.50%Equity capital to assets
  • 12.58%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $11,624,504Average earning assets
  • $1,458,086Average equity
  • $10,134,819Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,563,683Managed Assets
  • 1Number of Accounts
  • $2,202,627Personal trust and agency accounts
  • $285,870Employee benefit-defined contribution accounts
  • $36,399Employee benefit-defined benefit accounts
  • $229,373Other retirement accounts
  • $132,421Corporate trust and agency accounts
  • $822Investment management agency accounts
  • $1,134,109Other fiduciary accounts
  • $297,840Fiduciary accounts held in foreign offices
  • $85,793Non-managed Assets
  • 1628Number of Accounts
  • $0Personal trust and agency accounts
  • $107,039Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $361,056Other retirement accounts
  • $50,246Corporate trust and agency accounts
  • $201,497Other fiduciary accounts
  • $6,247Fiduciary accounts held in foreign offices

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