Life Federal Savings Bank in Baton Rouge, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 25, 1994

  • Life Federal Savings Bank in Baton Rouge, Louisiana (LA)
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Life Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33775
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Liberty Bank and Trust Company (#20856)
    Federal Reserve ID: 1824847
    Date Established: January 29, 1993
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10650
    FDIC's unique #: 48022
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 29, 1993
    Last Structure Change Effective Date: March 25, 1994
    Last Structure Change Process Date: April 04, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 7990 Scenic Highway, Baton Rouge, LA 70807
    County: East Baton Rouge
    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): Baton Rouge, LA (#760)
    Combined Statistical Area (CSA): Baton Rouge-Pierre Part, LA (#132)
    Core Based Statistical Area (CBSA): Baton Rouge, LA (#12940)
    CBSA Metro Statistical Area: Baton Rouge, LA (#12940)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $11.5 mil

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $11,454Cash and due from depository institutions
  • $1,411Interest-bearing balances
  • $952Securities
  • $4,930Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $4,237Loan loss allowance
  • $290Trading account assets
  • $0Bank premises and fixed assets
  • $550Other real estate owned
  • $0Goodwill and other intangibles
  • $326Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $11,454Total liabilities
  • $12,386Total deposits
  • $9,994Interest-bearing deposits
  • $9,878Deposits held in domestic offices
  • 9994.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,300Subordinated debt
  • $0All other liabilities
  • $92Total equity capital
  • $92Total bank equity capital
  • $-932Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-932Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $314Income earned, not collected on loans
  • $64Earning assets
  • $10,119Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $12,055Average Assets, quarterly
  • $11,668Volatile liabilities
  • $2,622Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-932Total risk weighted assets
  • $2,302Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $761Total interest expense
  • $305Net interest income
  • $456Provision for loan and lease losses
  • $106Total noninterest income
  • $233Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $233Total noninterest expense
  • $1,107Salaries and employee benefits
  • $354Premises and equipment expense
  • $257Additional noninterest expense
  • $496Pre-tax net operating income
  • -$524Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$524Extraordinary gains - net
  • $0Net income attributable to bank
  • -$524Net charge-offs
  • $62Cash dividends
  • $0Sale, 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
  • 7.01%Cost of funding earning assets
  • 2.81%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 2.15%Noninterest expense to earning assets
  • 10.20%Net operating income to assets
  • -4.35%Return on assets (ROA)
  • -4.35%Pretax return on assets
  • -4.35%Return on equity (ROE)
  • 67.29%Retained earnings to average equity (YTD only)
  • 67.29%Net charge-offs to loans
  • 1.26%Credit loss provision to net charge-offs
  • 170.97%Efficiency ratio
  • 160,668Assets per employee
  • 0.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.41%Loss allowance to noncurrent loans
  • 92.36%Noncurrent assets plus other real estate owned to assets
  • 2.74%Noncurrent loans to loans
  • 6.94%Net loans and leases to deposits
  • 42.40%Net loans and leases to core deposits
  • 43.81%Equity capital to assets
  • -8.14%Core capital (leverage) ratio
  • -8.14%Tier 1 risk-based capital ratio
  • -40.49%Total risk-based capital ratio
  • Memoranda
  • -$40Average assets
  • $12,055Average earning assets
  • -$779Average equity
  • $10,855Average loans

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