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

This bank is inactive as of November 16, 1996

Community State Bank in Independence, Louisiana (LA)
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Community State Bank - Overview

General
FDIC Certificate #: 16192
Status: Inactive
Closing history: Corrections
Acquiring institution: Whitney Bank (#33029)
Federal Reserve ID: 683739
Date Established: September 30, 1944
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 10395
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 30, 1944
Last Structure Change Effective Date: November 16, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 23, 1997
Data Source Date: April 05, 2012
Location
Address: 203 North Railroad, Independence, LA 70443
County: Tangipahoa
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
Core Based Statistical Area (CBSA): Hammond, LA (#25220)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $91.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$58Total assets
$93,496Cash and due from depository institutions
$6,925Interest-bearing balances
$0Securities
$38,930Federal funds sold & reverse repurchase agreements
$10,575Net loans & leases
$34,431Loan loss allowance
$459Trading account assets
$0Bank premises and fixed assets
$1,512Other real estate owned
$227Goodwill and other intangibles
$896Life insurance assets
$0All other assets
$0Total liabilities and capital
$93,496Total liabilities
$82,966Total deposits
$82,258Interest-bearing deposits
$69,900Deposits held in domestic offices
82258.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$708Total equity capital
$708Total bank equity capital
$10,530Perpetual preferred stock
$0Common stock
$360Surplus
$2,978Undivided profits
Memoranda
$7,192Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$187Income earned, not collected on loans
$246Earning assets
$83,936Long-term assets (5+ years)
$3,986Average Assets, year-to-date
$87,040Average Assets, quarterly
$89,731Volatile liabilities
$9,606Insider loans
$821FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,726Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,530Total risk weighted assets
$44,466Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,746Total interest expense
$2,610Net interest income
$3,136Provision for loan and lease losses
$0Total noninterest income
$944Fiduciary activities
$0Service charges on deposit accounts
$727Trading account gains & fees
$0Additional noninterest income
$217Total noninterest expense
$2,871Salaries and employee benefits
$1,459Premises and equipment expense
$558Additional noninterest expense
$854Pre-tax net operating income
$1,209Securities gains (losses)
$9Applicable income taxes
$333Income before extraordinary items
$885Extraordinary gains - net
$0Net income attributable to bank
$885Net charge-offs
$15Cash dividends
$336Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.31%Cost of funding earning assets
3.32%Net interest margin
3.99%Noninterest income to earning assets
1.20%Noninterest expense to earning assets
3.65%Net operating income to assets
1.01%Return on assets (ROA)
1.02%Pretax return on assets
1.40%Return on equity (ROE)
8.66%Retained earnings to average equity (YTD only)
5.37%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,368Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.97%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
245.45%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.54%Net loans and leases to deposits
41.86%Net loans and leases to core deposits
47.39%Equity capital to assets
11.26%Core capital (leverage) ratio
12.00%Tier 1 risk-based capital ratio
23.68%Total risk-based capital ratio
Memoranda
$25Average assets
$87,040Average earning assets
$10,217Average equity
$78,651Average loans

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