Florida Parishes Bank


1300 West Morris Avenue
Hammond, LA 70403
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Florida Parishes Bank is an FDIC insured institution located in Hammond, LA. It was founded in 1922 and has approximately $0.38 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 29670
Date Established 1922
Assets $ 382.03 million
Loans $ 243.88 million
Deposits $ 306.19 million
Capital $ 40.29 million

For a more detailed analysis of Florida Parishes Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Florida Parishes Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
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NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
First Internet Bank
NMLS ID: 424182
2.656% 2.625%
0.38 points
$1,032 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
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Note to Florida Parishes Bank
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Financial Details

Florida Parishes Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Parishes Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Florida Parishes Bank U.S. Bank Average
5.66% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Florida Parishes Bank had $2,334,000 in non-current loans and $210,000 in owned real estate. To cover these potential losses it had $40,287,000 in equity and $4,674,000 in loans loss reserves. That gives it a Texas Ratio of 5.66%.

Return on Equity
Florida Parishes Bank U.S. Bank Average
16.08% 11.43%

Florida Parishes Bank has a Return on Equity of 16.08% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Florida Parishes Bank U.S. Bank Average
10.55% 11.51%

Florida Parishes Bank has a Capitalization of 10.55% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Florida Parishes Bank Balance Sheet Analysis

As of December 31, 2018, Florida Parishes Bank had assets of $378,629,000, loans of $243,878,000, and deposits of $306,192,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 15.99 million
Interest-bearing balances $ 9.78 million
Total securities $ 95.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 243.88 million
Loan loss allowance $ 4.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles $ 0.07 million
All other assets $ 12.23 million
     Total Assets $ 338.34 million
Total deposits $ 306.19 million
      Interest-bearing deposits $ 228.46 million
      Deposits held in domestic offices $ 306.19 million
      % insured (estimated) 74.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 31.52 million
Subordinated debt N.A.
All other liabilities $ 0.63 million
      Total Liabilities $ 338.34 million
      Shareholders’ Equity $ 43.68 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 18.04 million
Total Interest Expense $ 2.27 million
Net interest income $ 15.77 million
Provision for loan and lease losses $ 0.49 million
Total non interest income $ 3.03 million
Total non interest expense $ 11.57 million
Pre-tax Net Operating Income $ 6.74 million

Bank Loan Profile?

The top three loan types in Florida Parishes Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Louisiana, Florida Parishes Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.71
Credit Card Loans 0.60
Consumer Auto Loans 0.27
Small Business Loans 19.33
Construction and Development Loans 19.20
Commercial Real Estate 29.35
Commercial and Industrial Loans 8.02
Farm Loans 0.00

Frequently Asked Questions About Florida Parishes Bank

Branches and Savings

Is Florida Parishes Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29670.

Why does Florida Parishes Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Florida Parishes Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Florida Parishes Bank a commercial bank?


Where are Florida Parishes Bank locations?

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Is Florida Parishes Bank open on Saturdays?

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Are Florida Parishes Bank ATMs Open 24/7?

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Will Florida Parishes Bank notarize my document?

What address for Florida Parishes Bank should I put for incoming ACH transfers?

Will the Florida Parishes Bank branch print checks?

Do Florida Parishes Bank checks expire?

Does Florida Parishes Bank require US citizenship to open account?

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Does Florida Parishes Bank Use Equifax?

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Does Florida Parishes Bank offer mortgages?

Compare mortgage rates here.

Does Florida Parishes Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Florida Parishes Bank offer personal loans?

Compare personal loan rates here.

Does Florida Parishes Bank offer student loans?

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Background on The Bank

Who owns Florida Parishes Bank?

How long has Florida Parishes Bank been around?

Can Florida Parishes Bank transfer to other banks?

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Will Florida Parishes Bank accept loose change?

Where is Florida Parishes Bank headquarters?

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