West Carroll National Bank of Oak Grove in Oak Grove, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 17, 1997

West Carroll National Bank of Oak Grove in Oak Grove, Louisiana (LA)
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West Carroll National Bank of Oak Grove - Overview

General
FDIC Certificate #: 16615
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank of Louisiana (#28098)
Federal Reserve ID: 751058
Date Established: October 04, 1947
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 10469
FDIC's unique #: 10756
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: October 04, 1947
Last Structure Change Effective Date: March 17, 1997
Last Structure Change Process Date: April 16, 1997
Last Data Update: April 16, 1997
Data Source Date: April 05, 2012
Location
Address: Main And Horner Streets, Oak Grove, LA 71263
County: West Carroll
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $130.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$57Total assets
$130,571Cash and due from depository institutions
$28,585Interest-bearing balances
$22,597Securities
$31,383Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$68,279Loan loss allowance
$707Trading account assets
$0Bank premises and fixed assets
$817Other real estate owned
$0Goodwill and other intangibles
$1,507Life insurance assets
$0All other assets
$0Total liabilities and capital
$130,571Total liabilities
$119,378Total deposits
$117,390Interest-bearing deposits
$95,017Deposits held in domestic offices
117390.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,988Total equity capital
$1,988Total bank equity capital
$11,193Perpetual preferred stock
$0Common stock
$201Surplus
$1,199Undivided profits
Memoranda
$9,793Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$459Income earned, not collected on loans
$1,019Earning assets
$122,259Long-term assets (5+ years)
$30,779Average Assets, year-to-date
$123,768Average Assets, quarterly
$127,895Volatile liabilities
$17,019Insider loans
$266FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,847Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,910Total risk weighted assets
$75,458Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$10,880Total interest expense
$4,359Net interest income
$6,521Provision for loan and lease losses
$2,080Total noninterest income
$1,085Fiduciary activities
$0Service charges on deposit accounts
$801Trading account gains & fees
$0Additional noninterest income
$284Total noninterest expense
$5,364Salaries and employee benefits
$2,236Premises and equipment expense
$655Additional noninterest expense
$2,473Pre-tax net operating income
$162Securities gains (losses)
$0Applicable income taxes
$1,210Income before extraordinary items
-$1,048Extraordinary gains - net
$0Net income attributable to bank
-$1,048Net charge-offs
$1,930Cash dividends
$300Sale, 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
9.42%Cost of funding earning assets
3.78%Net interest margin
5.65%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
4.65%Net operating income to assets
-0.85%Return on assets (ROA)
-0.85%Pretax return on assets
0.13%Return on equity (ROE)
-8.29%Retained earnings to average equity (YTD only)
-10.66%Net charge-offs to loans
2.60%Credit loss provision to net charge-offs
107.77%Efficiency ratio
70,523Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
-28.63%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
154.03%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.67%Net loans and leases to deposits
58.16%Net loans and leases to core deposits
68.03%Equity capital to assets
8.57%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
14.46%Total risk-based capital ratio
Memoranda
$15Average assets
$123,768Average earning assets
$12,644Average equity
$115,450Average loans

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