FDIC Certificate #: 12722 Status: Active Federal Reserve ID: 1002458 Date Established: Febuary 01, 1918 WWW:http://www.sibank.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 10808 FDIC's unique #: 8068 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 301 Newman Street, Sicily Island, LA 71368 County: Catahoula 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
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $31.5 mil Equity capital: $4.5 mil Deposits held in domestic offices: $25.4 mil Return on assets (ROA): 1.95% ($0.6 mil) Quarterly return on assets: 1.69% ($0.5 mil) Return on Equity (ROE): 14.68% ($0.7 mil) Quarterly return on equity: 12.34% ($0.6 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.95% ($614.1 mil) Quarterly Pretax return on assets: 1.69% ($532.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$31,490Total assets
$1,736Cash and due from depository institutions
$1,087Interest-bearing balances
$3,602Securities
$400Federal funds sold & reverse repurchase agreements
$23,977Net loans & leases
$335Loan loss allowance
$0Trading account assets
$1,009Bank premises and fixed assets
$50Other real estate owned
$0Goodwill and other intangibles
$31,490Life insurance assets
$716All other assets
$26,982Total liabilities and capital
$25,399Total liabilities
$22,585Total deposits
$25,399Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,511Trading liabilities
$0Other borrowed funds
$72Subordinated debt
$4,508All other liabilities
$4,508Total equity capital
$4,508Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$3,350Surplus
$1,008Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$302Income earned, not collected on loans
$0Earning assets
$214Long-term assets (5+ years)
$29,066Average Assets, year-to-date
$5,395Average Assets, quarterly
$32,689Volatile liabilities
$33,384Insider loans
$22,096FHLB advances
$36,647Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,418Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,726Restructured Loans and leases
$161Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,022Total interest income
$350Total interest expense
$1,672Net interest income
$55Provision for loan and lease losses
$326Total noninterest income
$0Fiduciary activities
$211Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$1,306Total noninterest expense
$662Salaries and employee benefits
$144Premises and equipment expense
$500Additional noninterest expense
$637Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$637Income before extraordinary items
$0Extraordinary gains - net
$637Net income attributable to bank
$0Net charge-offs
$637Cash dividends
$113Sale, conversion, retirement of capital stock, net
$270Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.67%Yield on earning assets
1.15%Cost of funding earning assets
5.52%Net interest margin
1.08%Noninterest income to earning assets
4.31%Noninterest expense to earning assets
1.95%Net operating income to assets
1.95%Return on assets (ROA)
1.95%Pretax return on assets
14.68%Return on equity (ROE)
8.46%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
48.67%Credit loss provision to net charge-offs
6.12%Efficiency ratio
65,365Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.39%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
110.93%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
1.24%Net loans and leases to deposits
94.40%Net loans and leases to core deposits
106.78%Equity capital to assets
14.32%Core capital (leverage) ratio
12.06%Tier 1 risk-based capital ratio
19.99%Total risk-based capital ratio
Memoranda
$21Average assets
$32,689Average earning assets
$4,341Average equity
$30,308Average loans
List of branches
1 Louisiana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8068
Sicily Island State Bank
301 Newman Street, Sicily Island, LA 71368
Febuary 01, 1918
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Sicily Island State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: