Southland Federal Savings Bank in Opelousas, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 04, 1995

Southland Federal Savings Bank in Opelousas, Louisiana (LA)
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Southland Federal Savings Bank - Overview

General
FDIC Certificate #: 31978
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Washington State Bank (#9326)
Federal Reserve ID: 655370
Date Established: July 19, 1979
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7680
FDIC's unique #: 44812
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: July 19, 1979
Last Structure Change Effective Date: April 04, 1995
Last Structure Change Process Date: April 07, 1995
Last Data Update: April 07, 1995
Data Source Date: April 05, 2012
Location
Address: 1807 South Union Street, Opelousas, LA 70570
County: St. Landry
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): Lafayette, LA (#3880)
Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
Core Based Statistical Area (CBSA): Opelousas-Eunice, LA (#36660)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $9.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$10,217Cash and due from depository institutions
$1,535Interest-bearing balances
$1,390Securities
$2,746Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$5,152Loan loss allowance
$178Trading account assets
$0Bank premises and fixed assets
$86Other real estate owned
$0Goodwill and other intangibles
$698Life insurance assets
$0All other assets
$0Total liabilities and capital
$10,217Total liabilities
$8,795Total deposits
$8,741Interest-bearing deposits
$8,463Deposits held in domestic offices
8741.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$54Total equity capital
$54Total bank equity capital
$1,422Perpetual preferred stock
$0Common stock
$1Surplus
$714Undivided profits
Memoranda
$707Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33Earning assets
$9,288Long-term assets (5+ years)
$0Average Assets, year-to-date
$15,043Average Assets, quarterly
$12,810Volatile liabilities
$631Insider loans
$438FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$60Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,422Total risk weighted assets
$4,023Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$841Total interest expense
$489Net interest income
$352Provision for loan and lease losses
$0Total noninterest income
$60Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$60Total noninterest expense
$319Salaries and employee benefits
$164Premises and equipment expense
$50Additional noninterest expense
$105Pre-tax net operating income
$93Securities gains (losses)
-$600Applicable income taxes
-$163Income before extraordinary items
-$344Extraordinary gains - net
$0Net income attributable to bank
-$344Net charge-offs
$5Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
5.94%Cost of funding earning assets
3.46%Net interest margin
2.49%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
2.25%Net operating income to assets
0.43%Return on assets (ROA)
-2.29%Pretax return on assets
-3.37%Return on equity (ROE)
-21.05%Retained earnings to average equity (YTD only)
-21.05%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,427Assets per employee
1.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.34%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
58.94%Net loans and leases to core deposits
63.53%Equity capital to assets
13.92%Core capital (leverage) ratio
13.92%Tier 1 risk-based capital ratio
35.35%Total risk-based capital ratio
Memoranda
$37Average assets
$15,043Average earning assets
$1,634Average equity
$14,148Average loans

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