Sugarland State Bank in Jeanerette, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1995

Sugarland State Bank in Jeanerette, Louisiana (LA)
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Sugarland State Bank - Overview

General
FDIC Certificate #: 19703
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MidSouth Bank, National Association (#25884)
Federal Reserve ID: 621535
Date Established: May 27, 1967
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 13502
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 27, 1967
Last Structure Change Effective Date: August 01, 1995
Last Structure Change Process Date: August 21, 1995
Last Data Update: August 21, 1995
Data Source Date: April 05, 2012
Location
Address: 1527 West Main Street, Jeanerette, LA 70544
County: Iberia
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): Lafayette-Acadiana, LA (#318)
Core Based Statistical Area (CBSA): New Iberia, LA (#35340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $17.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$15Total assets
$17,469Cash and due from depository institutions
$2,311Interest-bearing balances
$0Securities
$3,945Federal funds sold & reverse repurchase agreements
$2,075Net loans & leases
$8,226Loan loss allowance
$134Trading account assets
$0Bank premises and fixed assets
$557Other real estate owned
$60Goodwill and other intangibles
$295Life insurance assets
$0All other assets
$0Total liabilities and capital
$17,469Total liabilities
$15,362Total deposits
$15,321Interest-bearing deposits
$10,498Deposits held in domestic offices
15321.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$41Total equity capital
$41Total bank equity capital
$2,107Perpetual preferred stock
$0Common stock
$250Surplus
$750Undivided profits
Memoranda
$1,107Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$42Income earned, not collected on loans
$156Earning assets
$14,246Long-term assets (5+ years)
$2,672Average Assets, year-to-date
$17,718Average Assets, quarterly
$17,069Volatile liabilities
$501Insider loans
$1,388FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,565Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,265Total risk weighted assets
$10,910Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,219Total interest expense
$366Net interest income
$853Provision for loan and lease losses
$0Total noninterest income
$179Fiduciary activities
$0Service charges on deposit accounts
$154Trading account gains & fees
$0Additional noninterest income
$25Total noninterest expense
$811Salaries and employee benefits
$436Premises and equipment expense
$149Additional noninterest expense
$226Pre-tax net operating income
$221Securities gains (losses)
$0Applicable income taxes
$55Income before extraordinary items
$166Extraordinary gains - net
$0Net income attributable to bank
$166Net charge-offs
$11Cash dividends
$64Sale, 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
8.32%Cost of funding earning assets
2.50%Net interest margin
5.82%Noninterest income to earning assets
1.22%Noninterest expense to earning assets
5.54%Net operating income to assets
0.94%Return on assets (ROA)
0.94%Pretax return on assets
1.25%Return on equity (ROE)
7.66%Retained earnings to average equity (YTD only)
4.70%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,585Assets per employee
1.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.55%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
319.05%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.50%Net loans and leases to deposits
53.69%Net loans and leases to core deposits
55.51%Equity capital to assets
12.06%Core capital (leverage) ratio
13.43%Tier 1 risk-based capital ratio
20.76%Total risk-based capital ratio
Memoranda
$22Average assets
$17,718Average earning assets
$2,168Average equity
$14,649Average loans

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