FDIC Certificate #: 33144 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank and Trust Company (#20856) Federal Reserve ID: 1478307 Date Established: September 28, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9947 FDIC's unique #: 46379 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 28, 1990 Last Structure Change Effective Date: April 01, 2009 Last Structure Change Process Date: April 08, 2009 Last Data Update: April 08, 2009 Data Source Date: April 05, 2012
Location
Address: 2714 Canal Street, New Orleans, LA 70119 County: Orleans 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): New Orleans, LA (#5560) Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406) Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380) CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
Financial Summary
Total assets: $24.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
20Total employees (full-time equivalent)
$25,523Total assets
$3,722Cash and due from depository institutions
$3,048Interest-bearing balances
$1,740Securities
$0Federal funds sold & reverse repurchase agreements
$16,901Net loans & leases
$216Loan loss allowance
$0Trading account assets
$940Bank premises and fixed assets
$838Other real estate owned
$0Goodwill and other intangibles
$13Life insurance assets
$1,382All other assets
$25,523Total liabilities and capital
$24,070Total liabilities
$20,841Total deposits
$18,948Interest-bearing deposits
$20,841Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,037Other borrowed funds
$0Subordinated debt
$192All other liabilities
$1,453Total equity capital
$1,453Total bank equity capital
$1,453Perpetual preferred stock
$325Common stock
$2,015Surplus
$1,535Undivided profits
Memoranda
$-2,422Noncurrent loans and leases
$705Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$335Earning assets
$0Long-term assets (5+ years)
$216Average Assets, year-to-date
$21,689Average Assets, quarterly
$2,542Volatile liabilities
$24,677Insider loans
$25,451FHLB advances
$5,412Loans and leases held for sale
$0Unused loan commitments
$2,870Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$705Total unused commitments
$0Restructured Loans and leases
$192Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,629Total interest income
$358Total interest expense
$1,271Net interest income
$50Provision for loan and lease losses
$805Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$723Additional noninterest income
$2,236Total noninterest expense
$945Salaries and employee benefits
$424Premises and equipment expense
$867Additional noninterest expense
-$210Pre-tax net operating income
$0Securities gains (losses)
-$1Applicable income taxes
-$209Income before extraordinary items
$0Extraordinary gains - net
-$209Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$93Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.88%Yield on earning assets
1.73%Cost of funding earning assets
6.15%Net interest margin
3.90%Noninterest income to earning assets
10.82%Noninterest expense to earning assets
-0.85%Net operating income to assets
-0.85%Return on assets (ROA)
-0.85%Pretax return on assets
-13.55%Return on equity (ROE)
-13.55%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
53.76%Credit loss provision to net charge-offs
-1.72%Efficiency ratio
107,707Assets per employee
1.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
64.48%Noncurrent assets plus other real estate owned to assets
4.60%Noncurrent loans to loans
1.96%Net loans and leases to deposits
81.09%Net loans and leases to core deposits
92.36%Equity capital to assets
5.69%Core capital (leverage) ratio
5.87%Tier 1 risk-based capital ratio
9.74%Total risk-based capital ratio
Memoranda
$11Average assets
$24,677Average earning assets
$1,542Average equity
$20,667Average loans
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 United Bank and Trust Company.
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: