Heritage Bank of Morehouse in Bastrop, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

Heritage Bank of Morehouse in Bastrop, Louisiana (LA)
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Heritage Bank of Morehouse - Overview

General
FDIC Certificate #: 16929
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, Louisiana, National Association (#4306)
Federal Reserve ID: 589354
Date Established: August 21, 1950
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9773
FDIC's unique #: 11012
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: August 21, 1950
Last Structure Change Effective Date: June 24, 1994
Last Structure Change Process Date: July 11, 1994
Last Data Update: July 11, 1994
Data Source Date: April 05, 2012
Location
Address: North Franklin & Washington Streets, Bastrop, LA 71220
County: Morehouse
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Monroe-Bastrop, LA (#384)
Core Based Statistical Area (CBSA): Bastrop, LA (#12820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $94.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$92,119Cash and due from depository institutions
$2,749Interest-bearing balances
$106Securities
$22,053Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$63,150Loan loss allowance
$828Trading account assets
$0Bank premises and fixed assets
$1,705Other real estate owned
$99Goodwill and other intangibles
$2,089Life insurance assets
$274All other assets
$0Total liabilities and capital
$92,119Total liabilities
$85,115Total deposits
$81,519Interest-bearing deposits
$71,680Deposits held in domestic offices
81519.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$3,118Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$478Total equity capital
$478Total bank equity capital
$7,004Perpetual preferred stock
$0Common stock
$740Surplus
$3,604Undivided profits
Memoranda
$2,660Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$631Income earned, not collected on loans
$1,446Earning assets
$85,309Long-term assets (5+ years)
$13,836Average Assets, year-to-date
$92,397Average Assets, quarterly
$90,295Volatile liabilities
$19,003Insider loans
$1,846FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,316Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,730Total risk weighted assets
$69,685Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,147Total interest expense
$2,799Net interest income
$4,348Provision for loan and lease losses
$1,248Total noninterest income
$682Fiduciary activities
$0Service charges on deposit accounts
$492Trading account gains & fees
$0Additional noninterest income
$190Total noninterest expense
$3,044Salaries and employee benefits
$1,257Premises and equipment expense
$291Additional noninterest expense
$1,496Pre-tax net operating income
$738Securities gains (losses)
-$8Applicable income taxes
$66Income before extraordinary items
$664Extraordinary gains - net
$127Net income attributable to bank
$791Net charge-offs
$1,170Cash dividends
$197Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
3.27%Net interest margin
5.08%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
3.56%Net operating income to assets
0.73%Return on assets (ROA)
0.86%Pretax return on assets
0.93%Return on equity (ROE)
11.62%Retained earnings to average equity (YTD only)
8.72%Net charge-offs to loans
1.86%Credit loss provision to net charge-offs
106.67%Efficiency ratio
59,245Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.91%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
131.22%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
0.99%Net loans and leases to deposits
77.47%Net loans and leases to core deposits
96.22%Equity capital to assets
7.60%Core capital (leverage) ratio
7.29%Tier 1 risk-based capital ratio
9.66%Total risk-based capital ratio
Memoranda
$11Average assets
$92,397Average earning assets
$6,809Average equity
$85,524Average loans

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