This institution is no longer active

Operations ceased on March 12, 2010. CRA examination history below reflects the period it was active.

STATEWIDE BANK

COVINGTON, LA · Supervised by FDIC

Est. 1926FDIC #29,561RSSD: FDIC-29561

Part ofALGIERS BCORP INC→ View all charters

Satisfactory Up

Current rating · Exam: May 2010

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -3.66%

Institution Profile

FDIC BankFind

Address

2008 Ronald Reagan Highway, COVINGTON, LA

County

St. Tammany County

Established

January 1, 1926

Total Assets

$243M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

May 1, 2010

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 16 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2009Call Report / FDIC

Total Assets

$243M

Total Deposits

$208M

Net Loans

$151M

Net Income

$-9,523K

ROA

-3.66%

ROE

-52.63%

Risk-Based Capital

3.21%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 2 exams

1 previous rating locked — dating back to 2007

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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