Statewide Bank
Covington, LA — Non-member Bank
Acquired Mar 2010
Vitals
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Total Assets243.2M -11.6 %
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Total Deposits207.8M -5.2 %
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Total Net Loans151.4M -17.8 %
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Net Income
-
Book Value13.6M -35.6 %
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Book Value x227.2M -35.6 %
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Book Value x340.7M -35.6 %
Balance Sheet Highlights
Financial Highlights | Statewide Bank | All Insured Commercial Banks in Louisiana |
Balance Sheet $(000) | ||
Total Assets | 243,215 | 232,472 |
Total Net Loans | 151,371 | 142,989 |
Total Deposits | 207,821 | 196,555 |
Total Equity | 13,578 | 22,661 |
Profitability | ||
Net Income | — | 4,346 |
Return on Average Assets | — | 1.234 |
Return on Average Equity | — | 12.267 |
Net Interest Margin | 3.585 | 4.402 |
Efficiency Ratio | 101.756 | 68.493 |
Noninterest Income/Revenue | 10.657 | 13.972 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 72.837 | 69.043 |
Securities/Assets | .229 | .45 |
Total Equity/Total Assets | .056 | .097 |
Tangible Equity/Tangible Assets | .056 | -.071 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 4,708 | 21,690 |
Tier 2 Capital | 3,052 | 1,742 |
Total Capital | 7,760 | 23,382 |
Total Risk Weighted Assets | 241,805 | 156,551 |
Leverage Ratio | 1.96 | 9.985 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 1.95 | 15.92 |
Total Capital Ratio | 3.21 | 16.972 |
Timeline for Statewide Bank
Home Bank, National Association
Statewide Bank was acquired by Home Bank, National Association 15 years
View Profile Mar 13 2010Statewide Securitization Funding, L.L.C.
Statewide Securitization Funding, L.L.C. became a new subsidiary organization for Statewide Bank.
View Profile Jun 08 2006Algiers Bancorp, Inc.
Algiers Bancorp, Inc. became a new parent organization for Statewide Bank.
View Profile Nov 30 2004Lafayette Savings And Loan Association, Fa
Acquisition: Statewide Bank acquired a new subsidiary, Lafayette Savings And Loan Association, Fa, 34 years
View Profile Jun 02 1990Statewide Bank
Statewide Bank was established 99 years ago and is currently headquartered in Covington, LA.
Jan 01 1926Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Home Bank, National Association | Buyer | 1,549,524 | Failure | 3/13/2010 | |
Lafayette Savings And Loan Association, Fa | Seller | 23,210 | Failure | 6/2/1990 |
Relationships | Role | Relationship Start | Relationship End |
Algiers Bancorp, Inc. | Parent | 11/30/2004 | 3/12/2010 |
Statewide Securitization Funding, L.L.C. | Subsidary | 6/8/2006 | 3/12/2010 |
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