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Overview / Commentary
1300 West Morris Avenue
Hammond, LA 70403

Florida Parishes Bank is headquartered in Hammond and is the 65th largest bank in the state of Louisiana. It is also the 2,957th largest bank in the nation. It was established in 1922 and as of March of 2014, it had grown to 69 employees at 4 locations. Florida Parishes Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Florida Parishes Bank had $1.9 million in non-current loans and owned real-estate with $23.62 million in equity and loan loss allowances on hand to cover it. This gives Florida Parishes Bank a Texas Ratio of 8.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Florida Parishes Bank decreased dramatically from 12.95% as of March 31, 2013 to 8.06% as of March 31, 2014, resulting in a positive change of 37.77%.This indicates that the balance sheet and financial strength for Florida Parishes Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Florida Parishes Bank has increased its total deposits by $6.92 million, resulting in 4.23% 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 Florida Parishes Bank has shown is excellent.



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. Florida Parishes Bank has $208.44 million in assets with $23.62 million in equity, resulting in a capitalization level of 11.33%, which is excellent.

Institution Statistics

FDIC Certificate #29670
Year Established1922
Primary RegulatorOCC
Assets and Liabilities
Assets$208.44 million
Loans$120.18 million
Deposits$170.44 million
Equity Capital$20.77 million
Loan Loss Allowance$2.85 million
Unbacked Noncurrent Loans$896,000
Real Estate Owned$1.01 million
Historic Data - March 2013
Assets$197.44 million
Equity Capital$19.29 million
Loan Loss Allowance$3.31 million
Unbacked Noncurrent Loans$896,000
Real Estate Owned$1.40 million
Profit Margin - Quarterly
Return on Assets1.03%
Return on Equity10.47%
Interest Income$2.53 million
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Florida Parishes Bank Savings Account Rates

0.30%$500k-IRA Savings
0.05%--Statement Savings Account
0.05%--Health Savings
0.05%--Christmas Club
0.05%--Vacation Club

Florida Parishes Bank Checking Account Rates

0.30%$500k-Personal I-Max Now
0.30%$500k-Business I-Max Now

Florida Parishes Bank CD Rates

0.65%$1k-5 Year CD
0.35%$1k-3 Year CD
0.20%$1k-2 Year CD
0.15%$1k-18 Month CD
0.13%$1k-1 Year CD
0.05%$1k-182 Day CD

Florida Parishes Bank Locations
Florida Parishes Bank1300 West Morris AvenueHammond, LA 70403
18014 Hwy. 190 East18014 Hwy. 190 EastHammond, LA 70403
Barringer Drive Branch490 Barringer DrivePonchatoula, LA 70454
Oak Street Branch601 West Oak StreetAmite, LA 70422