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504-529-5011
201 St Charles Ave, # 2710
New Orleans, LA 70170

Fidelity Homestead Association was formed on December 28, 1908, and is a mutual institution chartered by the state of Louisiana. "Homestead" is a term used only in Louisiana when referring to a savings and loan. The purpose of the savings and loan industry is to give people a safe place to save money and to provide funds for housing.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Fidelity Homestead Savings Bank had $10.42 million in non-current loans and owned real-estate with $130.06 million in equity and loan loss allowances on hand to cover it. This gives Fidelity Homestead Savings Bank a Texas Ratio of 8.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Fidelity Homestead Savings Bank decreased slightly from 10.48% as of December 31, 2012 to 8.01% as of December 31, 2013, resulting in a positive change of 23.56%.This indicates that the balance sheet and financial strength for Fidelity Homestead Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Fidelity Homestead Savings Bank has decreased its total deposits by -$59.45 million, resulting in -8.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Fidelity Homestead Savings Bank has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Fidelity Homestead Savings Bank has $825.04 million in assets with $130.06 million in equity, resulting in a capitalization level of 15.76%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28316
Year Established1908
Employees187
Primary RegulatorFDIC
Assets and Liabilities
Assets$825.04 million
Loans$503.89 million
Deposits$682.77 million
Equity Capital$125.26 million
Loan Loss Allowance$4.80 million
Unbacked Noncurrent Loans$7.33 million
Real Estate Owned$3.09 million
Historic Data - December 2012
Assets$873.15 million
Equity Capital$126.31 million
Loan Loss Allowance$5.27 million
Unbacked Noncurrent Loans$7.33 million
Real Estate Owned$4.11 million
Profit Margin - Quarterly
Net Interest Margin3.16%
Return on Assets0.09%
Return on Equity0.63%
Interest Income$30.56 million
Rates

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Locations

Fidelity Homestead Savings Bank has 17 locations. Click to view all Fidelity Homestead Savings Bank locations.