FDIC Certificate #: 19594 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:St. Martin Bank and Trust Company (#12610) Federal Reserve ID: 312431 Date Established: June 15, 1966 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15823 FDIC's unique #: 13393 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 15, 1966 Last Structure Change Effective Date: December 01, 2007 Last Structure Change Process Date: December 05, 2007 Last Data Update: December 05, 2007 Data Source Date: April 05, 2012
Location
Address: 102 South Adams Street, Welsh, LA 70591 County: Jefferson Davis 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): Lake Charles-Jennings, LA (#324) Core Based Statistical Area (CBSA): Jennings, LA (#27660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
35Total employees (full-time equivalent)
$56,478Total assets
$2,319Cash and due from depository institutions
$0Interest-bearing balances
$7,398Securities
$5,500Federal funds sold & reverse repurchase agreements
$34,878Net loans & leases
$557Loan loss allowance
$0Trading account assets
$2,258Bank premises and fixed assets
$25Other real estate owned
$1,589Goodwill and other intangibles
$1,587Life insurance assets
$2,511All other assets
$56,478Total liabilities and capital
$46,664Total liabilities
$45,461Total deposits
$31,570Interest-bearing deposits
$45,461Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10Other borrowed funds
$0Subordinated debt
$1,193All other liabilities
$9,814Total equity capital
$9,814Total bank equity capital
$9,814Perpetual preferred stock
$0Common stock
$300Surplus
$8,498Undivided profits
Memoranda
$1,016Noncurrent loans and leases
$5,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,134Earning assets
$0Long-term assets (5+ years)
$295Average Assets, year-to-date
$47,776Average Assets, quarterly
$4,004Volatile liabilities
$59,953Insider loans
$58,327FHLB advances
$4,302Loans and leases held for sale
$99Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,877Total unused commitments
$0Restructured Loans and leases
$503Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,580Total interest income
$852Total interest expense
$2,728Net interest income
$70Provision for loan and lease losses
$850Total noninterest income
$0Fiduciary activities
$411Service charges on deposit accounts
$0Trading account gains & fees
$439Additional noninterest income
$2,450Total noninterest expense
$1,343Salaries and employee benefits
$370Premises and equipment expense
$737Additional noninterest expense
$1,058Pre-tax net operating income
$0Securities gains (losses)
$327Applicable income taxes
$731Income before extraordinary items
$0Extraordinary gains - net
$731Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$135Sale, conversion, retirement of capital stock, net
$1,000Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.02%Yield on earning assets
1.67%Cost of funding earning assets
5.35%Net interest margin
1.67%Noninterest income to earning assets
4.81%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.76%Pretax return on assets
7.33%Return on equity (ROE)
-2.70%Retained earnings to average equity (YTD only)
0.38%Net charge-offs to loans
51.85%Credit loss provision to net charge-offs
8.36%Efficiency ratio
68,474Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
136.80%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
49.12%Noncurrent assets plus other real estate owned to assets
2.05%Noncurrent loans to loans
3.20%Net loans and leases to deposits
76.72%Net loans and leases to core deposits
84.74%Equity capital to assets
17.38%Core capital (leverage) ratio
14.31%Tier 1 risk-based capital ratio
20.49%Total risk-based capital ratio
Memoranda
$22Average assets
$59,953Average earning assets
$9,967Average equity
$50,976Average loans
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