Bank of New Orleans in Metairie, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of New Orleans in Metairie, Louisiana (LA)
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Bank of New Orleans - Overview

  • General
  • FDIC Certificate #: 28411
    Status: Active
    Federal Reserve ID: 108474
    Date Established: January 01, 1909
    WWW: http://www.bankofneworleans.net
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 1538
    FDIC's unique #: 41245
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 14, 1937
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1600 Veterans Memorial Boulevard, Metairie, LA 70005
    County: Jefferson
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $311.8 mil
    Equity capital: $47.3 mil
    Deposits held in domestic offices: $200.8 mil
    Return on assets (ROA): 0.64% ($2.0 mil)
    Quarterly return on assets: 0.72% ($2.2 mil)
    Return on Equity (ROE): 4.17% ($2.0 mil)
    Quarterly return on equity: 4.82% ($2.3 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.99% ($3,086.7 mil)
    Quarterly Pretax return on assets: 1.11% ($3,460.8 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
  • 63Total employees (full-time equivalent)
  • $311,783Total assets
  • $28,135Cash and due from depository institutions
  • $26,174Interest-bearing balances
  • $81,247Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $195,632Net loans & leases
  • $1,677Loan loss allowance
  • $0Trading account assets
  • $1,543Bank premises and fixed assets
  • $626Other real estate owned
  • $175Goodwill and other intangibles
  • $311,783Life insurance assets
  • $4,425All other assets
  • $264,506Total liabilities and capital
  • $200,762Total liabilities
  • $188,086Total deposits
  • $200,762Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 26000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,635Trading liabilities
  • $0Other borrowed funds
  • $2,109Subordinated debt
  • $47,277All other liabilities
  • $47,277Total equity capital
  • $47,277Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $31,470Surplus
  • $15,807Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $947Income earned, not collected on loans
  • $191Earning assets
  • $1,076Long-term assets (5+ years)
  • $303,053Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $316,801Volatile liabilities
  • $312,377Insider loans
  • $158,995FHLB advances
  • $311,190Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $46,623Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,517Restructured Loans and leases
  • $3,383Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,835Total interest income
  • $5,519Total interest expense
  • $9,316Net interest income
  • $53Provision for loan and lease losses
  • $985Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $977Additional noninterest income
  • $7,181Total noninterest expense
  • $4,513Salaries and employee benefits
  • $1,089Premises and equipment expense
  • $1,579Additional noninterest expense
  • $3,067Pre-tax net operating income
  • $72Securities gains (losses)
  • $1,107Applicable income taxes
  • $2,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,032Net income attributable to bank
  • $0Net charge-offs
  • $2,032Cash dividends
  • -$87Sale, conversion, retirement of capital stock, net
  • $6,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.80%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 4.17%Return on equity (ROE)
  • -9.79%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -60.92%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,712Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 334.65%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 177.09%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 97.44%Net loans and leases to core deposits
  • 109.58%Equity capital to assets
  • 15.16%Core capital (leverage) ratio
  • 15.00%Tier 1 risk-based capital ratio
  • 29.32%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $316,801Average earning assets
  • $48,691Average equity
  • $306,880Average loans

List of branches

  • 3 Louisiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041245Bank Of New Orleans1600 Veterans Memorial Boulevard, Metairie, LA 70005January 01, 1909Full Service Brick and Mortar
    22674654401 Transcontinental Dr Branch4401 Transcontinental Drive, Metairie, LA 70002January 01, 1909Full Service Brick and Mortar
    1002674675435 Magazine St Branch5435 Magazine Street, New Orleans, LA 70115January 01, 1909Full Service Brick and Mortar

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