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1 star rating based on 1 review.

First National Bank (LA)

First National Bank (LA) Locations
1890 North Railroad Avenue
Arcadia, LA 71001
(318) 263-8482
www.theuncommonbank.com

First National Bank (LA) is headquartered in Arcadia and is the 67th largest bank in the state of Louisiana. It is also the 3,078th largest bank in the nation. It was established in 1935 and as of March of 2012, it had grown to 70 employees at 8 locations. First National Bank (LA)'s savings rates are 3X the national average, and it has a 4-star health rating.

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My monthly Kasasa Cash rewards checking statement from First National Bank in Louisiana today included the following update: "Effective February 9, 2012 the interest rate on Kasasa checking accounts will change to 3.01% with an APY of 3.05%." The curr

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First National Bank is offering a reward checking and savings account under the Kasasa brand. The accounts have the following rates and features if certain monthly requirements are met (as of 12/17/20 ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

First National Bank (LA) Checking Account Rates

ApyMinMaxProduct
3.05%-$15kKasasa Cash
0.65%$100k-Platinum Checking
0.05%--First Checking with Interest
0.05%--Business Checking with Interest

First National Bank (LA) Savings Account Rates

ApyMinMaxProduct
1.55%-$15kKasasa Saver
0.20%--Savings Account
0.20%--IRA Savings
0.20%--Business Savings Account
0.10%--HSA Account

First National Bank (LA) Money Market Rates

ApyMinMaxProduct
0.20%--Money Market
0.20%--Business Money Market

First National Bank (LA) CD Rates

ApyMinMaxProduct
1.75%--60 Month CD
1.75%--Business 60 Month CD
1.50%--48 Month CD
1.50%--Business 48 Month CD
1.25%--36 Month CD
1.25%--Business 36 Month CD
1.15%$100k-5 Year CDARS
1.15%$100k-Business 5 Year CDARS
1.00%--30 Month CD
1.00%--Business 30 Month CD
0.85%--24 Month CD
0.85%--Business 24 Month CD
0.75%--18 Month CD
0.75%--Business 18 Month CD
0.60%$100k-3 Year CDARS
0.60%$100k-Business 3 Year CDARS
0.50%--12 Month CD
0.50%--Business 12 Month CD
0.45%$100k-2 Year CDARS
0.45%$100k-Business 2 Year CDARS
0.25%--182 Day CD
0.25%$100k-52 Week CDARS
0.25%--Business 182 Day CD
0.25%$100k-Business 52 Week CDARS
0.10%--91 Day CD
0.10%$100k-26 Week CDARS
0.10%--Business 91 Day CD
0.10%$100k-Business 26 Week CDARS
0.06%$100k-13 Week CDARS
0.06%$100k-Business 13 Week CDARS
0.05%--7 - 31 Day CD
0.05%$100k-4 Week CDARS
0.05%--Business 7 - 31 Day CD
0.05%$100k-Business 4 Week CDARS

First National Bank (LA) IRA Rates

ApyMinMaxProduct
1.75%--60 Month IRA
1.25%--36 Month IRA
0.85%--24 Month IRA
0.50%--12 Month IRA

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


First National Bank
FDIC Certificate #15059
BankRate ReportView
Year Established1935
Employees70
Primary RegulatorOCC

Assets and Liabilities

Assets$203.23 million
Loans$151.63 million
Deposits$176.65 million
Equity Capital$16.39 million
Loan Loss Allowance$1.77 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$1.40 million

Historic Data - March 2011

Assets$203.76 million
Equity Capital$16.20 million
Loan Loss Allowance$1.84 million
Unbacked Noncurrent Loans$1.62 million
Real Estate Owned$2.43 million

Profit Margin - Quarterly

Net Interest Margin5.72%
Return on Assets1.72%
Return on Equity20.85%
Interest Income$2.81 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 March 31, 2012 First National Bank (LA) had $2.58 million in non-current loans and owned real-estate with $18.15 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (LA) a Texas Ratio of 14.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for First National Bank (LA) decreased slightly from 22.38% as of March 31, 2011 to 14.21% as of March 31, 2012, resulting in a positive change of 36.51%.This indicates that the balance sheet and financial strength for First National Bank (LA) has improved slightly in recent periods.
Deposit Growth3
In the past year, First National Bank (LA) has increased its total deposits by $83,000, resulting in 0.05% 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 First National Bank (LA) has shown is average.
Capitalization3
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. First National Bank (LA) has $203.23 million in assets with $18.15 million in equity, resulting in a capitalization level of 8.93%, which is average.
Write Review

Cannot Recommend
1 stars - cdthompso1 - Thursday, March 17, 2011 - 7:30 PM

I look for several things in a deposit account:

1) a great rate on a relatively high balance threshold

2) quick ACH transfer service (not a bank that floats my money for two days)

2) strong online presence that includes Yodlee/Mint.com support

FNB Arcadia had a decent rate on their Kasasa rewards checking account, 3.55% on 15K when I opened my account. As with other rewards checking accounts, the requirement was 12 debit card purchases and one direct deposit per month to receive that rate.  After having the account opened for only two months, during which I met all of the requirements but kept my balance just over $15K, I received a notice that FNB deemed I was not using my account as a "primary checking account" and closed it, disabling my debit card without notifying me.  Embarrassingly, I discovered this at a cash register as I attemped to use my card when the cashier told me my card was lost/stolen. Not the way to treat a customer.

FNB does not have an ACH transfer service. Like many small banks, they recommend you set up your other accounts as payees in the bill payment solution.  While this results in an ACH transfer, it seems less than professional to do it this way.

FNB does not have a strong online presence.  The servicing and bill pay sites are outsourced to two different vendors and look quite unprofessional.  Yodlee does support FNB, but Mint.com does.

7
 
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