Overview / Commentary
Simmesport State Bank is headquartered in Simmesport and is the 100th largest bank in the state of Louisiana. It is also the 4,203rd largest bank in the nation. It was established in 1956 and as of June of 2019, it had grown to 25 employees at 1 location. Simmesport State Bank's CD rates are 3X the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Simmesport State Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17587 |
| Year Established | 1956 |
| Employees | 25 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.45% |
| Return on Equity - YTD | 10.16% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $90.9MM$82.2MM |
| Loans | Q2 2019vs Q2 2018 | $73.2MM$66.7MM |
| Deposits | Q2 2019vs Q2 2018 | $77.8MM$70.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $12.8MM$12.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $512.00K$527.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.9MM$2.0MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $135.00K$186.00K |
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Simmesport State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $200 | - | IRA | |
| 0.50% | $100 | - | Passbook Savings |
Simmesport State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $1k | - | NOW Account | |
| 0.50% | $2k | - | Business Int. Checking |
Simmesport State Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.78% | $5k | - | 60 Month CD | |
| 2.43% | $5k | - | 36 Month CD | |
| 2.32% | $5k | - | 24 Month CD | |
| 2.27% | $5k | - | 12 Month CD | |
| 1.26% | $5k | - | 6 Month CD | |
| 0.75% | $5k | - | 3 Month CD |
Locations
| Simmesport State Bank Locations | ||
|---|---|---|
| Simmesport State Bank | Highway 1 and Laurel Street | Simmesport, LA 71369 |
| Simmesport State Bank - Central Bran | 7332 Hwy 1 | Mansura, LA 71350 |