The First National Bank in St. Mary Parish in Morgan City, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 09, 1996

The First National Bank in St. Mary Parish in Morgan City, Louisiana (LA)
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The First National Bank in St. Mary Parish - Overview

General
FDIC Certificate #: 4293
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney National Bank (#18538)
Federal Reserve ID: 57433
Date Established: December 01, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 11 (Interstate: No)
OTS Docket #: 11676
FDIC's unique #: 2814
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: January 01, 1934
Last Structure Change Effective Date: March 09, 1996
Last Structure Change Process Date: March 22, 1996
Last Data Update: March 22, 1996
Data Source Date: April 05, 2012
Location
Address: 1100 Brashear Avenue, Morgan City, LA 70380
County: St. Mary
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): Morgan City, LA (#34020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $241.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$134Total assets
$241,147Cash and due from depository institutions
$8,698Interest-bearing balances
$151Securities
$71,625Federal funds sold & reverse repurchase agreements
$7,510Net loans & leases
$145,153Loan loss allowance
$2,284Trading account assets
$0Bank premises and fixed assets
$6,237Other real estate owned
$25Goodwill and other intangibles
$1,899Life insurance assets
$0All other assets
$0Total liabilities and capital
$241,147Total liabilities
$216,087Total deposits
$214,563Interest-bearing deposits
$177,800Deposits held in domestic offices
214563.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,524Total equity capital
$1,524Total bank equity capital
$25,060Perpetual preferred stock
$0Common stock
$1,200Surplus
$1,860Undivided profits
Memoranda
$22,000Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$773Income earned, not collected on loans
$733Earning assets
$224,439Long-term assets (5+ years)
$4,107Average Assets, year-to-date
$231,626Average Assets, quarterly
$239,565Volatile liabilities
$36,498Insider loans
$565FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$36,230Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$24,769Total risk weighted assets
$156,524Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$19,065Total interest expense
$7,205Net interest income
$11,860Provision for loan and lease losses
$600Total noninterest income
$1,941Fiduciary activities
$0Service charges on deposit accounts
$1,268Trading account gains & fees
$0Additional noninterest income
$673Total noninterest expense
$8,184Salaries and employee benefits
$4,245Premises and equipment expense
$1,023Additional noninterest expense
$2,916Pre-tax net operating income
$5,017Securities gains (losses)
$0Applicable income taxes
$1,519Income before extraordinary items
$3,498Extraordinary gains - net
$0Net income attributable to bank
$3,498Net charge-offs
$235Cash dividends
$1,362Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.85%Cost of funding earning assets
3.34%Net interest margin
5.50%Noninterest income to earning assets
0.90%Noninterest expense to earning assets
3.80%Net operating income to assets
1.51%Return on assets (ROA)
1.51%Pretax return on assets
2.17%Return on equity (ROE)
14.92%Retained earnings to average equity (YTD only)
9.11%Net charge-offs to loans
0.17%Credit loss provision to net charge-offs
255.32%Efficiency ratio
59,300Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.94%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
295.47%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.52%Net loans and leases to deposits
67.65%Net loans and leases to core deposits
81.52%Equity capital to assets
10.39%Core capital (leverage) ratio
10.28%Tier 1 risk-based capital ratio
15.82%Total risk-based capital ratio
Memoranda
$17Average assets
$231,626Average earning assets
$23,450Average equity
$215,487Average loans

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