FDIC Certificate #: 24679 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidSouth Bank, National Association (#25884) Federal Reserve ID: 842031 Date Established: September 01, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 17134 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: September 01, 1983 Last Structure Change Effective Date: December 01, 2011 Last Structure Change Process Date: December 14, 2011 Last Data Update: December 14, 2011 Data Source Date: April 05, 2012
Location
Address: 485 Mills Avenue, Breaux Bridge, LA 70517 County: St. Martin 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): Lafayette, LA (#29180) CBSA Metro Statistical Area: Lafayette, LA (#29180)
Financial Summary
Total assets: $118.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
47Total employees (full-time equivalent)
$111,388Total assets
$7,251Cash and due from depository institutions
$3,185Interest-bearing balances
$37,707Securities
$11,625Federal funds sold & reverse repurchase agreements
$51,188Net loans & leases
$969Loan loss allowance
$0Trading account assets
$2,378Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,239All other assets
$111,388Total liabilities and capital
$100,295Total liabilities
$100,085Total deposits
$78,963Interest-bearing deposits
$100,085Deposits held in domestic offices
96.18%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$210All other liabilities
$11,093Total equity capital
$11,093Total bank equity capital
$11,093Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,746Undivided profits
Memoranda
$8,347Noncurrent loans and leases
$5,732Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$109Earning assets
$0Long-term assets (5+ years)
$455Average Assets, year-to-date
$103,705Average Assets, quarterly
$18,573Volatile liabilities
$113,689Insider loans
$111,447FHLB advances
$19,069Loans and leases held for sale
$1,618Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,732Total unused commitments
$0Restructured Loans and leases
$679Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,050Total interest income
$1,184Total interest expense
$3,866Net interest income
$7Provision for loan and lease losses
$1,235Total noninterest income
$0Fiduciary activities
$813Service charges on deposit accounts
$0Trading account gains & fees
$422Additional noninterest income
$3,881Total noninterest expense
$1,982Salaries and employee benefits
$645Premises and equipment expense
$1,254Additional noninterest expense
$1,213Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,213Income before extraordinary items
$0Extraordinary gains - net
$1,213Net income attributable to bank
$0Net charge-offs
$1,213Cash dividends
$38Sale, conversion, retirement of capital stock, net
$1,054Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.83%Yield on earning assets
1.13%Cost of funding earning assets
3.70%Net interest margin
1.18%Noninterest income to earning assets
3.71%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.07%Pretax return on assets
10.62%Return on equity (ROE)
1.39%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
18.42%Credit loss provision to net charge-offs
32.11%Efficiency ratio
76,083Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
86.89%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
888.99%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.21%Net loans and leases to deposits
51.14%Net loans and leases to core deposits
63.18%Equity capital to assets
9.96%Core capital (leverage) ratio
10.27%Tier 1 risk-based capital ratio
21.33%Total risk-based capital ratio
Memoranda
$23Average assets
$113,689Average earning assets
$11,422Average equity
$104,532Average loans
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