The Mer Rouge State Bank in Mer Rouge, Louisiana (LA)
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $40,276 |
| Cash and due from depository institutions | $3,116 |
| Interest-bearing balances | $506 |
| Securities | $7,541 |
| Federal funds sold & reverse repurchase agreements | $9,950 |
| Net loans & leases | $18,534 |
| Loan loss allowance | $253 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $639 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $496 |
| Life insurance assets | $0 |
| Total liabilities and capital | $40,276 |
| Total liabilities | $35,411 |
| Total deposits | $35,295 |
| Interest-bearing deposits | $27,955 |
| Deposits held in domestic offices | $35,295 |
| % insured (estimated) | 91.74% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $116 |
| Total equity capital | $4,865 |
| Total bank equity capital | $4,865 |
| Perpetual preferred stock | $4,865 |
| Common stock | $0 |
| Surplus | $600 |
| Undivided profits | $2,022 |
| Memoranda | |
| Noncurrent loans and leases | $2,243 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,474 |
| Income earned, not collected on loans | $0 |
| Earning assets | $128 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $329 |
| Average Assets, quarterly | $36,531 |
| Volatile liabilities | $4,112 |
| Insider loans | $38,282 |
| FHLB advances | $39,496 |
| Loans and leases held for sale | $9,166 |
| Unused loan commitments | $966 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $2,474 |
| Restructured Loans and leases | $298 |
| Derivatives | $253 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $1,812 |
| Total interest expense | $223 |
| Net interest income | $1,589 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $129 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $93 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $36 |
| Total noninterest expense | $1,190 |
| Salaries and employee benefits | $675 |
| Premises and equipment expense | $190 |
| Additional noninterest expense | $325 |
| Pre-tax net operating income | $528 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $117 |
| Income before extraordinary items | $411 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $411 |
| Net charge-offs | $0 |
| Cash dividends | $411 |
| Sale, conversion, retirement of capital stock, net | $89 |
| Net operating income | $270 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.23% |
| Cost of funding earning assets | 0.64% |
| Net interest margin | 4.58% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 3.43% |
| Net operating income to assets | 1.07% |
| Return on assets (ROA) | 1.07% |
| Pretax return on assets | 1.38% |
| Return on equity (ROE) | 8.30% |
| Retained earnings to average equity (YTD only) | 2.85% |
| Net charge-offs to loans | 0.43% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 5.93% |
| Assets per employee | $69,267 |
| Cash dividends to net income (YTD only) | 3.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 65.69% |
| Loss allowance to noncurrent loans | 1.35% |
| Noncurrent assets plus other real estate owned to assets | 197.66% |
| Noncurrent loans to loans | 0.32% |
| Net loans and leases to deposits | 0.68% |
| Net loans and leases to core deposits | 52.51% |
| Equity capital to assets | 70.93% |
| Core capital (leverage) ratio | 12.08% |
| Tier 1 risk-based capital ratio | 11.69% |
| Total risk-based capital ratio | 20.47% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $38,282 |
| Average equity | $4,951 |
| Average loans | $34,666 |
| 1 Louisiana Branch as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 252 | The Mer Rouge State Bank | 102 Davenport Avenue, Mer Rouge, LA 71261 | January 01, 1903 | Full Service Brick and Mortar |  |
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