First National Bank (LA) is headquartered in Arcadia and is the 70th largest bank in the state of Louisiana. It is also the 3,071st largest bank in the nation. It was established in 1935 and as of March of 2014, it had grown to 65 employees at 8 locations. First National Bank (LA) has a A health rating.
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.
Even when trying to purchase a home 1500 miles away, FNB in Arcadia has been super! Easy to call up and talk to a real live person. Everyone is friendly, courteous and willing to find answers to my questions. Plus the interest rate on my Kasasa Cash account makes all of my friends jealous. A great bank offering a great financial product.
Ever since Parkvale bank went over to First National, I have had nothing but a hassle...First it was a charge of $2.00 monthly charge for maintenance. Then the new checks came and they decided they didn't like the short version on my first name so they gave me the NAME they wanted me to use...(I have had a checking acct. with Park Vale for more years then I can remember with the SAME name (shortened first name)....If that wasn't enough, without asking or giving my permission, I was put into the account that they wanted me to have with now a $10.00 a month maintenance charge....I get and got the message....."they don't want me in their bank"...so be it....I'm so out of there.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First National Bank (LA) had $969,000 in non-current loans and owned real-estate with $19.6 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (LA) a Texas Ratio of 4.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First National Bank (LA) decreased dramatically from 17.23% as of March 31, 2013 to 4.94% as of March 31, 2014, resulting in a positive change of 71.31%.This indicates that the balance sheet and financial strength for First National Bank (LA) has improved dramatically in recent periods.
In the past year, First National Bank (LA) has decreased its total deposits by -$1.62 million, resulting in -0.93% 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.
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 $199.21 million in assets with $19.6 million in equity, resulting in a capitalization level of 9.84%, which is above average.
|FDIC Certificate #||15059|
|Assets and Liabilities|
|Equity Capital||$17.61 million|
|Loan Loss Allowance||$2.00 million|
|Unbacked Noncurrent Loans||$426,000|
|Real Estate Owned||$543,000|
|Historic Data - March 2013|
|Equity Capital||$16.36 million|
|Loan Loss Allowance||$1.91 million|
|Unbacked Noncurrent Loans||$426,000|
|Real Estate Owned||$1.58 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.6%|
|Return on Assets||2.14%|
|Return on Equity||24.63%|
|Interest Income||$2.65 million|
Always verify rates and promotions with the bank or credit union. We are not First National Bank (LA), we are a rate comparison website and can not provide official rates or promotions.
|0.10%||$100||-||Business Savings Account|
|0.10%||$1,500||-||Business Money Market|
|0.05%||$1k||-||First Checking with Interest|
|0.05%||$5k||-||First Business Checking with Interest|
|1.50%||$100k||-||5 Year CDARS with Checking|
|1.50%||$100k||-||Business 5 Year CDARS with Checking|
|1.00%||-||-||60 Month CD|
|1.00%||-||-||Business 60 Month CD|
|0.85%||-||-||48 Month CD|
|0.85%||-||-||Business 48 Month CD|
|0.75%||-||-||36 Month CD|
|0.75%||-||-||Business 36 Month CD|
|0.70%||$100k||-||3 Year CDARS with Checking|
|0.70%||$100k||-||Business 3 Year CDARS with Checking|
|0.60%||-||-||30 Month CD|
|0.60%||-||-||Business 30 Month CD|
|0.50%||-||-||24 Month CD|
|0.50%||$100k||-||2 Year CDARS with Checking|
|0.50%||$100k||-||Business 2 Year CDARS with Checking|
|0.50%||-||-||Business 24 Month CD|
|0.40%||-||-||18 Month CD|
|0.40%||-||-||Business 18 Month CD|
|0.30%||-||-||12 Month CD|
|0.30%||-||-||Business 12 Month CD|
|0.20%||-||-||182 Day CD|
|0.20%||$100k||-||52 Week CDARS with Checking|
|0.20%||-||-||Business 182 Day CD|
|0.20%||$100k||-||Business 52 Week CDARS with Checking|
|0.10%||-||-||91 Day CD|
|0.10%||$100k||-||26 Week CDARS with Checking|
|0.10%||-||-||Business 91 Day CD|
|0.10%||$100k||-||Business 26 Week CDARS with Checking|
|0.07%||$100k||-||13 Week CDARS with Checking|
|0.07%||$100k||-||Business 13 Week CDARS with Checking|
|0.05%||-||-||7 - 31 Day CD|
|0.05%||$100k||-||4 Week CDARS with Checking|
|0.05%||-||-||Business 7 - 31 Day CD|
|0.05%||$100k||-||Business 4 Week CDARS with Checking|
|1.00%||-||-||60 Month IRA|
|0.75%||-||-||36 Month IRA|
|0.50%||-||-||24 Month IRA|
|0.30%||-||-||12 Month IRA|
|First National Bank (LA) Locations|
|Www.theuncommonbank.com||1890 North Railroad Avenue||Arcadia, LA 71001|
|First National Bank||1890 North Railroad Avenue||Arcadia, LA 71001|
|Ruston Toma Lodge Branch||2001 North Trenton||Ruston, LA 71270|
|Ruston Downtown Branch||212 W Alabama Ave||Ruston, LA 71270|
|33 Branch||2201 Farmerville Highway||Ruston, LA 71270|
|Farmerville Branch||310 East Water||Farmerville, LA 71241|
|West Monroe Cypress St Branch||3510 Cypress Street||West Monroe, LA 71291|