Southeast National Bank in Hammond, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 17, 1997

Southeast National Bank in Hammond, Louisiana (LA)
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Southeast National Bank - Overview

General
FDIC Certificate #: 25664
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney Bank (#33029)
Federal Reserve ID: 554932
Date Established: July 23, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 17565
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: July 23, 1984
Last Structure Change Effective Date: January 17, 1997
Last Structure Change Process Date: Febuary 25, 1997
Last Data Update: Febuary 25, 1997
Data Source Date: April 05, 2012
Location
Address: 1855 South Morrison Boulevard, Hammond, LA 70403
County: Tangipahoa
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
Core Based Statistical Area (CBSA): Hammond, LA (#25220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $39.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$39,749Cash and due from depository institutions
$3,288Interest-bearing balances
$196Securities
$8,631Federal funds sold & reverse repurchase agreements
$1,600Net loans & leases
$24,111Loan loss allowance
$365Trading account assets
$0Bank premises and fixed assets
$1,418Other real estate owned
$273Goodwill and other intangibles
$428Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,749Total liabilities
$35,639Total deposits
$35,299Interest-bearing deposits
$28,816Deposits held in domestic offices
35299.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$340Total equity capital
$340Total bank equity capital
$4,110Perpetual preferred stock
$0Common stock
$2,283Surplus
$1,440Undivided profits
Memoranda
$387Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14Income earned, not collected on loans
$169Earning assets
$34,538Long-term assets (5+ years)
$2,548Average Assets, year-to-date
$37,247Average Assets, quarterly
$39,059Volatile liabilities
$3,013Insider loans
$235FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,368Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,134Total risk weighted assets
$26,482Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,848Total interest expense
$1,229Net interest income
$1,619Provision for loan and lease losses
$0Total noninterest income
$690Fiduciary activities
$0Service charges on deposit accounts
$420Trading account gains & fees
$0Additional noninterest income
$270Total noninterest expense
$1,620Salaries and employee benefits
$653Premises and equipment expense
$252Additional noninterest expense
$715Pre-tax net operating income
$689Securities gains (losses)
$0Applicable income taxes
$172Income before extraordinary items
$517Extraordinary gains - net
$0Net income attributable to bank
$517Net charge-offs
$60Cash dividends
$228Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.71%Cost of funding earning assets
3.76%Net interest margin
4.95%Noninterest income to earning assets
2.11%Noninterest expense to earning assets
4.95%Net operating income to assets
1.39%Return on assets (ROA)
1.39%Pretax return on assets
1.85%Return on equity (ROE)
13.30%Retained earnings to average equity (YTD only)
7.43%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,160Assets per employee
1.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.10%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
2607.14%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.06%Net loans and leases to deposits
68.31%Net loans and leases to core deposits
74.68%Equity capital to assets
10.34%Core capital (leverage) ratio
10.67%Tier 1 risk-based capital ratio
15.61%Total risk-based capital ratio
Memoranda
$17Average assets
$37,247Average earning assets
$3,888Average equity
$32,696Average loans

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