FDIC Certificate #: 19783 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Whitney National Bank (#18538) Federal Reserve ID: 651037 Date Established: January 25, 1968 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) OTS Docket #: 12166 FDIC's unique #: 13577 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: January 25, 1968 Last Structure Change Effective Date: December 06, 2008 Last Structure Change Process Date: December 22, 2008 Last Data Update: December 22, 2008 Data Source Date: April 05, 2012
Location
Address: 600 Columbia Street, Bogalusa, LA 70429 County: Washington 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 Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406) Core Based Statistical Area (CBSA): Bogalusa, LA (#14220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $771.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
304Total employees (full-time equivalent)
$764,402Total assets
$37,622Cash and due from depository institutions
$29,162Interest-bearing balances
$99,732Securities
$3,000Federal funds sold & reverse repurchase agreements
$582,473Net loans & leases
$5,444Loan loss allowance
$0Trading account assets
$29,750Bank premises and fixed assets
$317Other real estate owned
$2,804Goodwill and other intangibles
$0Life insurance assets
$8,704All other assets
$764,402Total liabilities and capital
$696,301Total liabilities
$672,906Total deposits
$541,109Interest-bearing deposits
$672,906Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,706Other borrowed funds
$0Subordinated debt
$5,689All other liabilities
$68,101Total equity capital
$68,101Total bank equity capital
$68,101Perpetual preferred stock
$0Common stock
$1,200Surplus
$15,829Undivided profits
Memoranda
$51,072Noncurrent loans and leases
$74,630Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,930Earning assets
$0Long-term assets (5+ years)
$3,374Average Assets, year-to-date
$714,367Average Assets, quarterly
$111,532Volatile liabilities
$777,685Insider loans
$774,944FHLB advances
$78,757Loans and leases held for sale
$23,141Unused loan commitments
$17,706Tier 1 (core) risk-based capital
$9,422Tier 2 risk-based capital
$17,882Total risk weighted assets
$74,630Total unused commitments
$0Restructured Loans and leases
$5,444Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$54,364Total interest income
$19,595Total interest expense
$34,769Net interest income
$600Provision for loan and lease losses
$12,950Total noninterest income
$598Fiduciary activities
$4,756Service charges on deposit accounts
$0Trading account gains & fees
$7,596Additional noninterest income
$33,736Total noninterest expense
$19,226Salaries and employee benefits
$7,487Premises and equipment expense
$7,023Additional noninterest expense
$13,383Pre-tax net operating income
-$384Securities gains (losses)
$4,420Applicable income taxes
$8,579Income before extraordinary items
$0Extraordinary gains - net
$8,579Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$799Sale, conversion, retirement of capital stock, net
$2,320Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.58%Yield on earning assets
2.73%Cost of funding earning assets
4.85%Net interest margin
1.81%Noninterest income to earning assets
4.71%Noninterest expense to earning assets
1.14%Net operating income to assets
1.10%Return on assets (ROA)
1.67%Pretax return on assets
13.49%Return on equity (ROE)
9.84%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
75.09%Credit loss provision to net charge-offs
17.50%Efficiency ratio
70,697Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.04%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
185.80%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.50%Net loans and leases to deposits
86.56%Net loans and leases to core deposits
95.31%Equity capital to assets
8.91%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
10.59%Total risk-based capital ratio
Memoranda
$11Average assets
$777,685Average earning assets
$63,602Average equity
$716,800Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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