507 N. Main St
Jennings, LA 70546
337-824-3424
www.jdbank.com



Jeff Davis Bank is headquartered in Jennings and is the 22nd largest bank in the state of Louisiana. It is also the 1,249th largest bank in the nation. It was established in 1947 and as of September of 2011, it had grown to 201 employees at 14 locations. Jeff Davis Bank's savings rates are 2X the national average, and it boasts a 5-star health rating.

Related Posts

Customer Kicked Out of a Bank's Reward Checking Account - 11/11/2011

One problem with reward checking accounts is that banks need their customers to be big spenders on the debit cards to be able to afford paying the high interest rates. Banks make a profit of about 1% ...

Jeffdavis Bank Kasasa Cash Checking (4.01%APY $10K To 3.25%APY $10K) (Forum) - 10/1/2011

The change was detected by DA's bank alert feature.   Checking balances over $10K will earn .25%, from .51%.  The rate on the savings account is also changing (2%APY $10k to 1.25%) on balances up to $10k.  Savings balances over 

Jeff Davis Bank To Drop Rate On Kasasa Cash From 4.01% APY To 3.25% APY Effective 9/29/11, Cap Unchanged (Forum) - 8/24/2011

Effective September 29, 2011 New Kasasa Cash structure 3.25% APY for balances at or below $10,000 that qualify 0.25% APY for balances above $10,000 that qualify 0.10% APY on all balances that do not qualify New Kasasa Saver structure 1.25% APY

Jeff Davis Bank Cap Lowered From $15K To $10K, Kasasa Saver Cap Lowered From 25K To 15K (Forum) - 2/22/2011

Received the following notice via Email this evening (emphasis mine): Dear Kasasa Customer,  We hope you have enjoyed receiving the benefits of having a Kasasa account with Jeff Davis Bank.  With the convenience of e-statements, UNLIMITED ATM

2011

2010

2008




See Rates for: Checking | Savings

Jeff Davis Bank Checking Account Rates

ApyMinMaxProduct
3.25%-$10kKasasa Cash

Jeff Davis Bank Savings Account Rates

ApyMinMaxProduct
1.25%-$15kKasasa Saver

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


Jeff Davis Bank & Trust Company
FDIC Certificate #16546
BankRate ReportView
Year Established1947
Employees201
Primary RegulatorFDIC

Assets and Liabilities

Assets$541.01 million
Loans$277.98 million
Deposits$470.52 million
Equity Capital$62.66 million
Loan Loss Allowance$4.53 million
Unbacked Noncurrent Loans$2.10 million
Real Estate Owned$196,000

Historic Data - September 2010

Assets$510.43 million
Equity Capital$59.46 million
Loan Loss Allowance$4.11 million
Unbacked Noncurrent Loans$1.87 million
Real Estate Owned$1.19 million

Profit Margin - Quarterly

Net Interest Margin4.18%
Return on Assets1.2%
Return on Equity10.59%
Interest Income$17.75 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 September 30, 2011 Jeff Davis Bank had $2.3 million in non-current loans and owned real-estate with $67.19 million in equity and loan loss allowances on hand to cover it. This gives Jeff Davis Bank a Texas Ratio of 3.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Jeff Davis Bank decreased slightly from 4.81% as of September 30, 2010 to 3.42% as of September 30, 2011, resulting in a positive change of 28.94%.This indicates that the balance sheet and financial strength for Jeff Davis Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Jeff Davis Bank has increased its total deposits by $28.47 million, resulting in 6.44% 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 Jeff Davis Bank has shown is excellent.
Capitalization5
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. Jeff Davis Bank has $541.01 million in assets with $67.19 million in equity, resulting in a capitalization level of 12.42%, which is excellent.
Write Review

No reviews have been left for this bank yet. Be the first to review.