Fidelity Bank (New Orleans, LA)
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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1. Such poor customer service
2. Inconsistencies in following their own policies
3. Hours not compatible with my business hours of 8-5...didn’t open until 9 and then closed at 3 or 4
4. Not enough available ATMs and many of their allocated ones were in other businesses so were not always available
5. Screwed up my closing costs by $8k for my home sale and didn’t tell me until the last minute, which made it difficult to mobilize funds
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28316 |
| Year Established | 1908 |
| Employees | 380 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 3.72% |
| Annual Interest Income | $43.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.07B$973.3MM |
| Loans | Q4 2021vs Q4 2020 | $601.5MM$752.4MM |
| Deposits | Q4 2021vs Q4 2020 | $846.4MM$718.4MM |
| Equity Capital | Q4 2021vs Q4 2020 | $169.8MM$164.9MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $8.2MM$8.8MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $6.1MM$1.8MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $34.00K$34.00K |
