FDIC Certificate #: 31395 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Whitney National Bank (#18538) Federal Reserve ID: 999074 Date Established: October 14, 1963 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6866 FDIC's unique #: 44229 Numeric code: 33 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: October 14, 1963 Last Structure Change Effective Date: April 24, 1998 Last Structure Change Process Date: May 11, 1998 Last Data Update: May 11, 1998 Data Source Date: April 05, 2012
Location
Address: 200 West Second Street, Thibodaux, LA 70301 County: Lafourche 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): Houma, LA (#3350) Core Based Statistical Area (CBSA): Houma-Bayou Cane-Thibodaux, LA (#26380) CBSA Metro Statistical Area: Houma-Bayou Cane-Thibodaux, LA (#26380)
Financial Summary
Total assets: $234.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
102Total employees (full-time equivalent)
$233,803Total assets
$18,860Cash and due from depository institutions
$15,819Interest-bearing balances
$83,629Securities
$0Federal funds sold & reverse repurchase agreements
$121,742Net loans & leases
$295Loan loss allowance
$0Trading account assets
$4,691Bank premises and fixed assets
$315Other real estate owned
$72Goodwill and other intangibles
$0Life insurance assets
$4,494All other assets
$233,803Total liabilities and capital
$213,940Total liabilities
$211,330Total deposits
$203,741Interest-bearing deposits
$211,330Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,610All other liabilities
$19,863Total equity capital
$19,863Total bank equity capital
$19,863Perpetual preferred stock
$0Common stock
$774Surplus
$4,756Undivided profits
Memoranda
$14,333Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$190Earning assets
$0Long-term assets (5+ years)
$666Average Assets, year-to-date
$221,190Average Assets, quarterly
$0Volatile liabilities
$230,156Insider loans
$233,557FHLB advances
$18,702Loans and leases held for sale
$537Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,610Total unused commitments
$0Restructured Loans and leases
$107,142Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$16,551Total interest income
$8,967Total interest expense
$7,584Net interest income
$180Provision for loan and lease losses
$1,894Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,894Additional noninterest income
$5,175Total noninterest expense
$2,951Salaries and employee benefits
$1,351Premises and equipment expense
$873Additional noninterest expense
$4,123Pre-tax net operating income
$0Securities gains (losses)
$1,407Applicable income taxes
$2,716Income before extraordinary items
$0Extraordinary gains - net
$2,716Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$348Sale, conversion, retirement of capital stock, net
$540Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.60%Yield on earning assets
4.12%Cost of funding earning assets
3.48%Net interest margin
0.87%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.79%Pretax return on assets
14.53%Return on equity (ROE)
11.64%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
51.72%Credit loss provision to net charge-offs
12.36%Efficiency ratio
54,600Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.88%Loss allowance to loans
0.24%Loss allowance to noncurrent loans
155.26%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.16%Net loans and leases to deposits
57.61%Net loans and leases to core deposits
63.20%Equity capital to assets
8.50%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
18.10%Total risk-based capital ratio
Memoranda
$18Average assets
$230,156Average earning assets
$18,694Average equity
$217,647Average loans
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